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

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

KARACHI: The Customs Exports has issued show cause notices to two factories, M/s Safdar Handicrafts and Export and M/s Raheel Traders, to collect the evaded tax amounts.

M/s Safdar Handicrafts and Export used wrong Pakistan Customs Tariff (PCT) headings to get a consignment of marble handicrafts like ashtrays, flower vases, animals and so many other things which were cleared during the first week of August and caused a loss of Rs 2.7 million to the national exchequer.

During scrutiny of import data of first week of August, the Customs Exports team found that the above said company used wrong PCT heading and issued a show-cause notice no: 199/2017 to recover the evaded amount of tax and duty.

Meanwhile, the Customs Exports unearthed another tax evasion by M/ s Raheel Traders who cleared a consignment of steel items (plates, spoons, folk) and different things. 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.

It is necessary to mention here that during the first sixteen days of August the Customs Exports has issued ten 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.  Customs Export authorities is using all available resources to recover outstanding amount from tax defaulters.