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Customs Export recovers Rs 6.1m from M/s Yousuf Traders

Customs Export recovers Rs 6.1m from M/s Yousuf Traders

KARACHI: The Customs Exports has recovered evaded taxes and duties amounting to Rs 6.01 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 Traders Karachi availed undue benefits and concessions by importing different consignments and misusing the SRO 467.

The company founded involved in a tax evasion of Rs 3.56 million. After detecting tax evasion, the Customs Exports issued them with final notice on December 29, 2017 to deposit the evaded amount within 14 days. After receiving the notice, the management of M/s Yousuf Traders Karachi deposited the evaded amount in the official account of the Customs Exports on January 8 ,2 018.

On the other hand, the management of the M/s Ziaur Rehman associates Karachi also cleared Rs 2.45  million of taxes and duties. Sources said the M/s Zia ur Rehman associates Karachi also availed undue benefits and concessions and avoided paying taxes according to the customs bylaws.

The Customs Exports authorities issued them with a final notice on December 15, 2017. After receiving the notice, the management Zia ur Rehman associates Karachi deposited the evaded amount of taxes.