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Customs Export recovers evaded amount of Rs 13.31m from defaulter companies

Customs Export recovers evaded amount of Rs 13.31m from defaulter companies

 

KARACHI: The Customs Export has recovered evaded amount of taxes and duties of Rs 13.31 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 Yousuf Textile availed undue benefits and concessions after importing different consignments by misusing the SRO 568 through Examiner Usman Ali on 19th December 2017. Sources further told that the company was allegedly involved in the tax evasion of Rs 5.45 million.

After detecting the tax evasion, the Customs Export served on it a final notice on 26th  February, 2018 to deposit the evaded amount within fourteen days.

After receiving the notice, the management of M/s Yousuf Textile deposited the evaded amount in the official account of the Customs Export on 11th March.

On the other hand, the management of the M/s Glamour Handicrafts also cleared Rs 7.86 million of taxes and duties. Sources told the correspondent that M/s Glamour Handicrafts also availed undue benefits and concessions and avoided paying taxes according to the customs bylaws.

The Customs Export authorities issued to it a final notice on February 28th , 2018. After receiving the notice, the management of the M/s Glamour Handicrafts deposited the evaded amount of taxes into the official account on Monday.