KARACHI: The Customs Export recovered evaded taxes and duties amounting to Rs12.38million from defaulter companies which had been earlier issued with notices in this regard.
Sources told Customs Today that, during scrutiny of the import data, it was found that M/s Waheed Baweja Fabrics availed undue benefits and concessions by importing different consignments and also misusing the SRO 566.
The company was found involved in a tax evasion of Rs6.50million. After detecting tax evasion, the Customs Export issued them with a final notice to deposit the evaded amount in the official account within seven days.
After receiving the notice, the management of the M/s Waheed Baweja Fabrics deposited the evaded amount in the official account of the Customs Export.
On the other hand, the management of the M/s Asghar Handicrafts and Export also cleared Rs3.88million of taxes and duties. Sources told CT that M/s Asghar Handicrafts and Export also availed undue benefits and concessions and avoided paying taxes according to the Customs bylaws.
The Customs Export authorities served a final notice on them. After receiving the notice, the management of the M/ Asghar Handicratfs and Export paid the evaded amount of taxes.
Other defaulter company named M/s Sehrish Plastic deposited Rs2million against the final notice No: 279/2017 issued on December 28, 2017.
