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Final notice causes retrieval of Rs5m from M/s Kashi Computers Karachi

Final notice causes retrieval of Rs5m from M/s Kashi Computers Karachi

KARACHI: The Customs Adjudication-II served a final notice on a defaulter company named M/s 125 Autos, and recovered Rs5million from M/s Kashi Computers Karachi.

M/s 125 Autos was involved in tax evasion. The company imported different types of bike parts consignment on December 12, 2017 and used the wrong PCT heading. The consignment was cleared by Examiner Shakeel Rana. After a careful investigation, the Customs Adjudication-II issued a final notice to the company on Thursday and cleared the outstanding amount of Rs4.52million.

Source said that another company M/s Kashi Computers Karachi got cleared a consignment of new and used computers on January 12 and evaded tax amount of Rs5million.

After the investigation, the Customs Adjudication-II served a show cause notice on the company on February 9, but it failed to clear the arrears.

Collector Customs Adjudication-II issued a final notice to the company on March 5, 2018.

After receiving the notice, the company deposited Rs5million in favor of the Customs Department on March 22.