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Customs Export recovers Rs 13.19m from defaulter companies

Customs Export recovers Rs 13.19m from defaulter companies

KARACHI: The Customs Export has recovered evaded taxes and duties amounting to Rs 13.19 million from defaulter companies which were issued with notices in this regard.

Sources told Customs Today, during scrutiny of the import data, it was found that M/s Aslam Traders availed undue benefits and concessions by importing different consignments and misusing the SRO 567.

The company founded involved in a tax evasion of Rs 5.69 million. After detecting tax evasion, the Customs Exports issued them with final notice to deposit the evaded amount within fourteen days.

After receiving the notice, the management of the M/s Aslam Traders deposited the evaded amount in the official account of the Customs Exports.

On the other hand, the management of the M/s Humaira Ali Enterprises Gulbai also cleared Rs 4.50 million of taxes and duties. Sources told that M/s Humaira Ali Enterprises Gulbai also availed undue benefits and concessions and avoided paying taxes according to the customs by laws.

The Customs Exports authorities issued them with a final notice. After receiving the notice, the management of the M/s Humaira Ali Enterprises Gulbai deposited the evaded amount of taxes.

Other defaulter company M/s Shamsher and Sons deposited Rs 3 million against the final notice No: 274/2017 issued on Dec 27, 2017.