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Customs Export recovers evaded amount of Rs12.40m from defaulter companies

Customs Export recovers evaded amount of Rs12.40m from defaulter companies

KARACHI: The Customs Export on Friday recovered an evaded amount of taxes and duties of Rs 12.40 million from defaulter companies which were issued with notices to pay the outstanding dues.

Sources told Customs Today that during scrutiny of the import data, it was revealed that M/s Honey Ceramics & Export availed undue benefits and concessions after importing different consignments of Chinese and Italian made crockery items by misusing the SRO 569 through Qazi Basheer on January 26, 2017.

Sources further said that the company was allegedly involved in the tax evasion of Rs 3.24 million. After detecting the tax evasion, the Customs Export served on it a final notice on 2nd May, 2018 to deposit the evaded amount within 14 days.

After receiving the notice, the management of M/s Honey Ceramics & Export deposited the evaded amount in the official account of the Customs Export on 24th May in the favor of Custom Export.

Another defaulter company named M/s M B S Traders also cleared Rs 5.28 million of taxes and duties. Sources said that M/s M B S Traders also availed undue benefits and concessions and avoided paying taxes according to the customs bylaws.

The Customs Export authorities served on it a final notice on 7th May, 2018. After receiving the notice, the management of M/s M B S Traders deposited the evaded amount of taxes into the official account.

On other hand, very renowned marble exporter M/s Ishtiyaq Marble and Granite availed undue benefits and concessions after importing different consignments of polish machines, by misusing the SRO 558  through Appraiser Waseem Raja on  Dec 27, 2017,

The Customs Export authorities served on it a final notice on 4th May, 2018. After receiving the notice, the management of the M/s Ishtiyaq Marble and Granite deposited Rs3.88 million of taxes into the official account.