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Customs Exports collects Rs 4.8m in first five days of August

Customs Exports collects Rs 4.8m in first five days of August

KARACHI: The Customs Exports authorities have successfully collected Rs 4.8 million in the first five days of August 2017 of the current fiscal year.

Sources told Customs Today that Customs Exports issued seven show cause notices out of which three final notices were served on defaulter companies in five days. The Customs Exports authorities have successfully collected Rs 38.12m during the month of July.

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

M/s Hunaiza Traders Karachi used the wrong Pakistan Custom Tariff heading to get its steel items  consignment cleared last month July, causing a loss of Rs 3.2 million to the national exchequer.

During scrutiny of import data during the end of July, the Customs Exports found the company using the wrong PCT heading. After detecting the tax evasion, the customs authorities issued a show-cause notice no: 192/2017 to recover the evaded tax amount.