KARACHI: The Customs Adjudication-I has retrieved Rs 5 million from M/s Jibran Chemical Company Karachi. The company was allegedly involved in tax evasion.
Sources told Customs Today that Collector Customs Adjudication-I Mohammad Javed issued a show-cause notice to the company for causing a loss of Rs 5 million by way of mis-declaration of classification.
M/s Jibran Chemicals Company imported a consignment of different chemicals cane include cystic and liquid bleach and got them cleared by mis-declaring the classification under the Pakistan Custom Tariff (PCT) from the Pakistan International Container Terminal (PICT).
The company allegedly availed undue and inadmissible benefit as well as exemption of sales tax. It is pertinent to mention here that M/s Jibran Chemical Company itself has imported identical/same goods under the correct PCT heading 2307.2375. Apart from it, all other importers of different chemicals cane have either been declared by the importers or assessed by the Collectorates.
