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Special team formed to improve audit of 16 companies by Faisalabad Customs

Special team formed to improve audit of 16 companies by Faisalabad Customs

FAISALABAD: Model Customs Collectorate’s Deputy Collector Muhammad Rizwan has constituted a special team in order to streamline the audit of  16 companies under SRO-327 (I) 2008 and SRO-450 (I) /2001 by Collector Muhammad Sadiq.

Sources told Customs Today that the team, constituted under the supervision of DC Muhammad Rizwan, will take strict actions against tax defaulters. It is pertinent to mention here that Collector Muhammad Sadiq has directed the field staff to keep an eye on the tax defaulters and guide them about the tax system for enhanced monitoring and quick disposal of audit.

The audit team comprises of officials including Inspectors Ghulam Murtaza, Khalid Ashraf Noor, Asif Hussain, Tanveer-ul-Haq, Muhammad Afzal Awan and Lady Appraising Officer Hafiza Arslan Shagufta.

The audit team will review a complete audit within a month pertaining to the import of yarn of 52-80 count from India during January 2017 to November 2017. The audit team has already started its working on different companies including M/s Nishat Mills Ltd, M/s Kamal Ltd, M/s M.K Sons, M/s Masood Textile, M/s Magna Processing, M/s Sadaqat Ltd, M/s Arshad Corporation, M/s Kamal Textile Mills, M/s Bismillah Textiles, M/s Haroon Fabrics, M/s Gohar Textile Mills, M/s Crescent Textile, M/s J.K Spinning Mills, M/s H.A.R Textile, M/s Dawood Exports and M/s Niagra Mills.

It is necessary to mention here that MCC Faisalabad teams are using all available resources to recover the outstanding amount from tax defaulters. Sources told CT that as the current fiscal year starts, there are strong chances that MCC Faisalabad will achieve its yearly allocated revenue collection target. Chairman Federal Board of Revenue Tariq Mehmood Pasha already directed all the field office and other relevant collectorates to use all available legal resources and sources to achieve the revenue collection target.