FAISALABAD: Faisalabad Customs Adjudication issued a show cause notice to M/s. Rana Textile Mills Ltd due to tax evasion.
Sources told Customs Today, that Customs Adjudication collectorate Raja Tahir Majeed issued show cause notice. Sources further said that the above said company imported 296000 kilograms of dyes under PCT heading 3204.1510 and 3204.1910. The assessed value of imported items were Rs 6700848 which involves duty and taxes of Rs 1460785. During the import process of above said dyes the company gained undue benefits of SRO 450 (1) 2001.
It is confirmed that the M/s Rana Textile Mills was not entitled to import the dyes without duty and taxes and store in bonded ware house. The licence allowed the import of 296000 kilograms of dyes without duty and taxes.
