KARACHI: The Customs Export has recovered evaded taxes and duties amounting to Rs 6.51 million from defaulter companies which were issued notices to pay the outstanding dues.
Sources told Customs Today that during scrutiny of the import data, it was revealed that M/s Ashfaq Hosiery Karachi availed undue benefits and concessions by importing different consignments and misusing the SRO 566.
The company was allegedly involved in tax evasion of Rs 4.23 million. After detecting the tax evasion, the Customs Export issued them a final notice on December 4, 2017 to deposit the evaded amount within 14 days.
After receiving the notice, the management of M/ Ashfaq Hosiery Karachi deposited the evaded amount in the official account of the Customs Export on December 14, These consignment cleared by PICT through Examiner Touseef Ahmed.
On the other hand, the management of the M/s Shah Gul Associates Karachi also cleared Rs2.28 million of taxes and duties. Sources told that M/s Shah Gul Associates Karachi also availed undue benefits and concessions and avoided paying taxes according to the customs bylaws.
The Customs Export authorities issued them with a final notice on November 30, 2017. After receiving the notice, the management of the Shah Gul Associates Karachi deposited the evaded amount of taxes.
