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Evaded taxes retrieved from defaulter companies after serving notices to pay dues

Evaded taxes retrieved from defaulter companies after serving notices to pay dues

KARACHI: The Customs Export has recovered the evaded taxes and duties amounting to Rs6.06million from defaulter companies which were issued with notices to pay the outstanding dues.

Sources told Customs Today that, during scrutiny of the import data, it was revealed that M/s A.A Hosiery Karachi availed undue benefits and concessions by importing different consignments through SRO 566.

The company was allegedly involved in tax evasion of Rs3.28million. After detecting the tax evasion, the Customs Export issued them with a final notice on December 27, 2017 to deposit the evaded amount within 14 days.

After receiving the notice, the management of M/s A.A Hosiery Karachi deposited the evaded amount in the official account of the Customs Export on January 8. These consignments were cleared by Examiner Touseef Ahmed.

On the other hand, the management of the M/s Shamim Associates Karachi also cleared Rs2.78million of taxes and duties. Sources said the M/s Shamim Associates Karachi also availed undue benefits and concessions and avoided paying taxes according to the customs bylaws.

The Customs Export authorities served on them a final notice on December 25, 2017. After receiving the notice, the management of the Shamim Associates Karachi deposited the evaded amount of taxes on Monday.