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Customs Exports serves show-cause notices on three factories to recover evaded tax

Customs Exports serves show-cause notices on three factories to recover evaded tax

KARACHI: The Customs Exports has issued show-cause notices to three factories in order to collect the evaded tax amounts. The customs authorities served notices on M/s Yousuf Marble and Export Karachi, Anjum Associates Mirpur Khas and Zulfiqar Noor and Co. Hyderabad.

M/s Yousuf Marble and Export used wrong PCT heading to get its Black and Verona Marble Tiles consignment cleared in June and caused the national exchequer a loss of Rs15.6million.

Checking the data of June, the Customs Exports found the company using the wrong PCT heading. After detecting the tax evasion, the customs authorities issued the show-cause notice No: 172/2017 to recover the evaded tax amount.

Meanwhile, the Customs Exports uncovered another tax evasion committed by M/s Anjum Associates in a consignment of plastic raw material items in June. The customs authorities, after a careful investigation, served show-cause notices on the company and asked them for submitting the evaded tax amount within the fortnight.

Zulfiqar Noor and Co of Hyderabad used wrong Pakistan Custom Tariff (PCT) heading to get its steel items consignment cleared in June and caused the national exchequer a loss of Rs16.8million.