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Home Karachi

AIB/R&D uncovers Rs8.9m tax evasion by Adamjee Ltd

bySohail Rab
26/05/2015
in Karachi, Latest News
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KARACHI: The Appraising Intelligence Branch (AIB/R&D) has detected a massive tax evasion (under-invoicing) case amounting to Rs8.9million against the importer M/s Adamjee Limited in import of auto-parts.

The sources informed Customs Today that Collector-MCC Appraisement (West) Muhammad Saleem, taking action on the information, the Collector-MCC Appraisement (West) Muhammad Saleem has formed a team supervised by Additional Collector-ADC Nayyar Shafique along with Principal Appraiser Abdul Qayyum, Appraising Officer (AO) Shair Khan and Examining Officer Anwar Zaib.

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The AIB team after scrutinising the data found that the importer M/s Adamjee Limited through under-invoicing imported three to four consignments of auto-parts on which the importer attempted to evade legitimate duty/taxes amounting to Rs8.9million.

After detecting the under-invoicing, the AIB/R&D authorities concerned have sent demand notice to the importer M/s Adamjee Limited in order to deposit legitimate duty/taxes.

The sources further informed this scribe that the AIB/R&D authorities concerned have prepared reminders against those importers who have not yet paid their legitimate duty/taxes in import of different consignments.

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