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Karachi Export retrieves evaded duties after serving notices

Karachi Export retrieves evaded duties after serving notices

KARACHI: The Customs Export has recovered evaded taxes and duties amounting to Rs7.62million 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 Zoobi Traders Karachi availed undue benefits and concessions by importing different consignments and misusing the SRO 467.

The company was found involved in a tax evasion of Rs4.12million. After detecting tax evasion, the Customs Export issued them with final notice on November 30, 2017 to deposit the evaded amount within 14 days. After receiving the notice, the management of M/s Zoobi Traders Karachi deposited the evaded amount in the official account of the Customs Export on December 30 2017.

On the other hand, the management of the M/s Zari and Sons Karachi also cleared Rs3.50million of taxes and duties. Sources said the M/s Zari and Sons Karachi also availed undue benefits and concessions and avoided paying taxes according to the customs bylaws.

The Customs Export authorities served a final notice on them on December 15, 2017. After receiving the notice, the management of Zari and Sons Karachi deposited the evaded amount of taxes.