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Customs Export recovers Rs 12.28m from defaulter companies

Customs Export recovers Rs 12.28m from defaulter companies

KARACHI: The Customs Export has recovered evaded amount of taxes and duties of Rs 12.28 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   GL Auto Parts availed undue benefits and concessions after importing different consignments by misusing the SRO 562 through Examiner Usman Ali on 9th December 2017. Sources further said that the company was allegedly involved in the tax evasion of Rs 7 million.

After detecting the tax evasion, the Customs Export served on it a final notice on January 29, 2018 to deposit the evaded amount within 14 days.

After receiving the notice, the management of M/s GL Auto Parts deposited the evaded amount in the official account of the Customs Export on 23th of February.

On the other hand, the management of the M/s Nabeel Garments also cleared Rs 5.28 million of taxes and duties on Friday. Sources told the correspondent that M/s Nabeel Garments 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 January 30, 2018. After receiving the notice, the management of the M/s Nabeel Garments  deposited the evaded amount of taxes into the official account on Friday.