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Customs Export recovers Rs82.78m and serving notices on defaulters for retrieval of arrears

Customs Export recovers Rs82.78m and serving notices on defaulters for retrieval of arrears

KARACHI: The Customs Export has retrieved Rs82.78million in the past 15 days of March and presently the department is issuing notices to defaulter companies for recovery of amounts.

Friday, Customs Export has recovered evaded amount of taxes and duties of Rs11.58million from defaulter companies which were issued with notices to pay the outstanding dues.

Sources told Customs Today that, during a scrutiny of the import data, it was revealed that M/s Balachi Associates Karachi availed undue benefits and concessions by importing fancy headlights and radiators by misusing the SRO 568 through Examiner Wasif A. Khan on December 16, 2017.

Sources further told Customs Today that the company was allegedly involved in tax evasion of Rs06.58million. After detecting the tax evasion; the Customs Export issued it with a final notice on February 21, 2018 to deposit the evaded amount within 14 days.

The management of M/s Balachi Associates Karachi deposited the evaded amount in the official account of the Customs Export on 13th of March.

Another company named M/s Mukarram Towels also cleared Rs05million of taxes and duties. Sources told the correspondent that M/s Mukarram Towels 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 February 26, 2018. After receiving the notice, the management of the M/s Mukarram Towels deposited the evaded amount of taxes on Friday.