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Customs Exports serves show-cause notices on two factories for tax evasion

Customs Exports serves show-cause notices on two factories for tax evasion

KARACHI: The Customs Exports has issued the show-cause notices to two factories in order to collect the evaded tax amounts. The customs authorities served notices on M/s Rehman Garments Karachi and Tufail Towels and Export Mitthi.

M/s Rehman Garments used wrong PCT heading to get its silk fabric consignment cleared in May and caused the national exchequer a loss of Rs14.2million.

While checking the data of May, the Customs Exports found the company using the wrong PCT heading. After detecting the tax evasion, the customs authorities issued the show-cause notice No: 169/2017 to recover the evaded tax amount.

Meanwhile, the Customs Exports uncovered another tax evasion committed by M/s Tufail Towels in a consignment of towel and hosiery items in May. The customs authorities, after a careful investigation, issued show-cause notices to the company and asked them for submitting the evaded tax amount within the fortnight.

Sources said the two more companies’ data are under the investigation. They may be issued with show cause notices within three days.