KARACHI: The Customs Collectorate of Appraisement East has unearthed tax evasion of Rs 3.50 million during the clearance of fancy jewelry boxes and show piece items by M/s Aslam Handicrafts Karachi.
Source told Customs Today that Collector Appraisement East Ashad Jawwad directed the R&D section to verify the post clearance consignments of the importer M/s Aslam Handicrafts Karachi.
During the scrutiny, it was found that the said importer willfully used Green Channel in the clearance of consignments of fancy jewelry boxes and show piece items and caused a loss of Rs 3.5 million to the national exchequer in terms of duty and taxes.
The sources further informed that a recovery notice has been sent to the importer. The R&D sources said that the importer has also assured that it will deposit the evaded amount of Rs3.50 million during within fourteen days.
Earlier Customs Collectorate of Appraisement East has unearthed tax evasion of Rs 7.24 million during the clearance of different kind of jewelry imported by M/s Safdar Ornaments and Supplies.
