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Customs Exports issues show cause notices to three factories involved in tax evasion

Customs Exports issues show cause notices to three factories involved in tax evasion

KARACHI: The Customs Exports has issued show cause notices to thee factories, M/s Rana Traders Karachi, M/s Ayatullah and Sons Karachi and M/s SK Enterprises Thatta to recover the evaded tax amounts.

According to the details, M/ s Rana Traders Karachi used wrong Pakistan Customs Tariff (PCT) headings to get a consignment of rubber toys, plastic items and other things cleared during the first week of August and caused a loss of Rs 2.2 million to the national exchequer.

During scrutiny of import data, the Customs Exports team found that the company used wrong PCT heading and issued a show-cause notice no: 200/2017 to recover the evaded amount of tax and duty.

Meanwhile, the Customs Exports unearthed another tax evasion by M/s Ayatullah and Sons Karachi who cleared a consignment of khaddar garments, lawn and other fabrics. The customs authorities, after careful investigations, issued a show cause notice to the company and asked them to deposit the evaded tax amount within fortnight.

While M/s S.K. Enterprises Thatta used wrong (PCT) headings to get a consignment of different chemicals items , which were cleared during the first week of August and caused a loss of Rs 1.6 million to the national exchequer.

It is necessary to mention here that during the first nineteen days of August the Customs Exports has issued 13 show cause notices and four final notices to tax evaders warning them to clear the outstanding tax amount at the earliest to avoid stern action.