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Karachi Customs Exports generates Rs30.22m tax during 22 days of July

Karachi Customs Exports generates Rs30.22m tax during 22 days of July

KARACHI: The Customs Exports has collected Rs30.22million tax amount during 22 days of July.

Source said the Customs Exports issued total nine show cause notices out of which six final notices were served on defaulter companies. Yesterday, Customs Exports issued show cause notices to two factories in order to collect the evaded tax amount. The customs authorities issued notices to M/s Furqan Enterprises Karachi and Aqsa Boutique and Exports Karachi.

M/s Furqan Enterprises used the wrong Pakistan Custom Tariff heading to get its wallpaper consignment cleared in the mid of June and caused the national exchequer a loss of Rs4.2million.

Checking the data in the end of June, the Customs Exports found the company using the wrong PCT heading. After detecting the tax evasion, the customs authorities issued a show-cause notice No: 180/2017 to recover the evaded tax amount.

Meanwhile, the Customs Exports uncovered another tax evasion committed by M/s Aqsa Boutique and Export in a consignment of readymade suits and fabrics in the last month. The customs authorities, after a careful investigation, served show-cause notices on the companies and asked them for submitting the evaded tax amount within fortnight.

Aqsa Boutique and Exports used the wrong Pakistan Custom Tariff (PCT) heading to get its steel items consignment cleared and caused the national exchequer a loss of Rs5.6million.