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Customs Exports recovers Rs 16.34m from four defaulter companies

Customs Exports recovers Rs 16.34m from four defaulter companies

KARACHI: The Customs Exports has recovered the evaded taxes and duties amounting to Rs 16.34 million from four defaulters companies which were issued with notices to pay outstanding dues.

Sources told Customs Today that during scrutiny of the import data, it was revealed that M/s Khokhar Embroidery availed undue benefits and concessions by importing different consignments and misusing the SRO 562.

The company founded involved in a tax evasion of Rs 4.23 million. After detecting tax evasion, the Customs Exports issued them with final notice to deposit the evaded amount within seven days. After receiving the notice, the management of the M/s Khokhar Embroidery deposited the evaded amount in the official account of the Customs Exports.

On the other hand, the management of the M/s Nasir Chemicals (Buffer Zone Karachi) also cleared Rs 6.25 million of taxes and duties. Sources said the M/s Nasir Chemicals also availed undue benefits and concessions and avoided paying taxes according to the customs bylaws.

The Customs Exports authorities issued them with a show cause notice. After receiving the notice, the management of the M/s Nasir Chemicals deposited the evaded amount of taxes.

Other defaulter company M/s Atif Textile and Export deposited Rs 2.36 million against the final notice No: 232/2017 issued on 16 October 2017.

Sources said the Customs Exports also recovered Rs 3.50 million from M/s Unzila Fabrics. The company availed undue benefits and concessions by importing the consignments of liquid and powder form chemicals. After receiving the notice, the management of the M/s Unzila Fabrics cleared the amount.