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Customs Export recovers Rs14.38m evaded amount from defaulter companies

Customs Export recovers Rs14.38m evaded amount from defaulter companies

KARACHI: Customs Export on Saturday recovered an evaded amount of taxes and duties of Rs 14.38 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 Shazaib Knitwear availed undue benefits and concessions after importing different consignments of T-shirts jerky fabrics and printed materials by misusing the SRO 567 through Examiner Noorul Ameen Ahmed on December 23, 2017.

Sources further said that the company was allegedly involved in the tax evasion of Rs 8.88 million. After detecting the tax evasion, the Customs Export served on it a final notice on 2nd May 2018 to deposit the evaded amount in 14 days.

After receiving the notice, the management of M/s Shazaib Knitwear deposited the evaded amount in the official account of the Customs Export on 18th May in the favor of Custom export.

Another defaulter company named M/s Nimra Garments & Export also cleared Rs 5.50 million of taxes and duties. Sources told that M/s Nimra garments & Export 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 1st May, 2018. After receiving the notice, the management of the M/s Nimra garments & Export deposited the evaded amount of taxes into the official account.