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Customs Exports collects Rs 14.6m during 20 days of August

Customs Exports collects Rs 14.6m during 20 days of August

KARACHI: The Customs Exports has successfully collected Rs 14.6 million during the first 20 days of August 2017 of the fiscal year 2017-18.

Sources told Customs Today that Customs Exports issued 12 show cause notices out of which nine final notices were served on defaulter companies in first 20 days of August. It is necessary to mention here that the Customs Exports successfully collected Rs 38.12 million during the month of July.

The Customs Exports ALSO issued show cause notices to one factory in order to collect the evaded tax amount. The customs authorities issued notices to M/s Samama International Company Karachi which is found involved in tax evasion.

M/s Samama International Company Karachi used the wrong Pakistan Custom Tariff (PCT) heading to get its different items of consignment (leather garments, gents volets, ladies coat and shoes) consignment cleared on 31th of July causing a loss of Rs 3.6 million to the national exchequer.

During scrutiny of import data during the end of July, the Customs Exports found the company used the wrong PCT heading. After detecting the tax evasion, the customs authorities issued a show-cause notice no: 201/2017 to recover the evaded tax amount.

The Customs Exports has successfully collected Rs 11.2 million during the first 15 days of August 2017 of the fiscal year 2017-18.