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Customs Export recovers Rs 6.2m from three defaulter companies

Customs Export recovers Rs 6.2m from three defaulter companies

KARACHI: The Customs Export has recovered evaded amount of taxes and duties of Rs 6.2 million from defaulter companies, M/s Watra Traders, M/s Surriya Marble and Handicrafts and M/s Maqbool K Embroidery, sources said.

Sources told Customs Today that during scrutiny of the import data, it was revealed that the companies were allegedly involved in tax evasion and were issued notices to pay the outstanding dues.

M/s Watra Traders availed undue benefits and concessions by importing different consignments by misusing the SRO 566 through Examiner Tufail Qayyum. Sources said that the company was allegedly involved in tax evasion of Rs 2.12 million.

After detecting the tax evasion, the Customs Export issued it with a final notice on December 7, 2017 to deposit the evaded amount within 14 days. After receiving the notice, the management of M/s Watra Traders deposited the evaded amount in the official account of the Customs Export on December 29.

On the other hand, the management of the M/s Surriya Marble and Handicrafts Karachi also cleared Rs2.90 million of taxes and duties. Sources told the correspondent that M/s Surriya Marble Karachi 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 December 15, 2017. After receiving the notice, the management of the M/s Suriyya Marble & Handicrafts Karachi deposited the evaded amount of taxes.

Curtain Fabric Importing Company Maqbool K Embroidery also cleared balance amount of Rs1.18 million of the answer of notice 267.