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Customs Export recovers Rs 7.44m from different defaulter companies

Customs Export recovers Rs 7.44m from different defaulter companies

KARACHI: The Customs Export has recovered the evaded taxes and duties amounting to Rs 7.44 million from different companies which were issued with notices to pay outstanding dues.

Sources told Customs Today that during scrutiny of the import data, it was revealed that M/s Posh Carpets Karachi availed undue benefits and concessions by importing different consignments and misusing the SRO 566. The goods were cleared by Examiner Shoaib Ali.

The company found involved in tax evasion of Rs 2.88 million. After detecting tax evasion, the Customs Export issued them with final notice on 18th December, to deposit the evaded amount within seven days. After receiving the notice, the management of the M/s Posh Carpets Karachi deposited the evaded amount in the official account of the Customs Export.

On the other hand, the management of the M/s Jibran Traders cleared Rs3 million of taxes and duties. Sources told that M/s Jibran Traders also availed undue benefits and concessions and avoided paying taxes according to the customs bylaws.

The Custom Exports authorities issued them with a final show cause notice. After receiving the notice, the management of M/s Jibran Traders deposited the evaded amount of taxes.

Sources told that another defaulter company M/s Muqeem Knitwear deposited Rs 1.56 million against the final notice No: 259/2017 issued on December 19, 2017.