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Customs Export recovers Rs 13.83m from four defaulter companies

Customs Export recovers Rs 13.83m from four defaulter companies

KARACHI: The Customs Exports has recovered evaded taxes and duties amounting to Rs 13.83 million from three companies which were issued notices to pay the outstanding dues.

Sources told Customs Today that during scrutiny of the import data; it was revealed that M/s Ishtiaq Garments and Export availed undue benefits and concessions by importing different consignments and misusing SRO 564 on 17 November. The consignments were cleared by Examiner Shamim A Khan.

The company founded involved in tax evasion of Rs 5.6 million. After detecting the tax evasion, the Customs Exports issued them final notice on December 15 to deposit the evaded amount within seven days. After receiving the notice, the management of M/s Ishtiaq Garments and Export deposited the evaded amount.

On the other hand, the management of M/s Jaffar Fertilizer also cleared outstanding amount of Rs 5.23 million of taxes and duties on 11th January 2018. Sources told  that M/s Jaffar Fertilizer also availed undue benefits and concessions and avoided to pay taxes according to customs law.

Customs Exports authorities issued them final show cause notice on 18 December, after receiving the notice the management of M/s Jaffar Fertilizer deposited the evaded amount of taxes.

Other defaulter company M/s Sufiya Enterprises deposited Rs3 millions of after receiving the final tax notice number 252/2017 issued December 19 2017.