Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Karachi

Adjudication-II recovers Rs 6.48m from M/s Usman Textile & Exports

byWaqar Ahmed Ansari
27/01/2018
in Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: The Customs Adjudication-II showed excellent performance by taking actions against tax defaulters and issuing notices during the 25 days of January.

Sources told Customs Today that the Customs Adjudication-II served a final notice on a defaulter company named M/s Usman Textile and Export Karachi and recovered Rs 6.48 million from M/s Sarfaraz Handicrafts Hyderabad.

You might also like

SAARC chief urges turning South Asia’s challenges into opportunities

24/04/2026

DG Valuation revises import values for PVC, PU coated vide VR No.2068/2026

24/04/2026

M/s Usman Textile and Export Karachi was involved in the tax evasion. The company imported a consignment of used and new digital cameras on November 14, 2017 and used the wrong Pakistan Custom Tariff heading.

After a careful investigation, the Customs Adjudication-II issued a final notice to the company and got cleared the outstanding amount of Rs 7.25 million.

Source said that another company M/s Sarfaraz Handicrafts got cleared a consignment of brass pipes and brass nuts bolts on November 8 and evaded tax amount of Rs 6.48 million.

After the investigation, Customs Adjudication-II served a show cause notice on the company on November 27 but it failed to get clear the outstanding tax amount.

Collector Customs Adjudication-II Tahir Qureshi issued a final notice to the company on January 2, 2018. After receiving the notice, the company deposited Rs 6.48 million in favor of the Customs Department.

 

Related Stories

SAARC chief urges turning South Asia’s challenges into opportunities

byCT Report
24/04/2026

ISLAMABAD: President of the SAARC Chamber of Commerce and Industry, Chandi Raj Dhakal, has emphasized that South Asia’s economic and...

DG Valuation revises import values for PVC, PU coated vide VR No.2068/2026

byCT Report
24/04/2026

KARACHI: The Directorate General of Customs Valuation has revised customs values for imports of PVC, PU and other coated fabrics...

PM clears NBP’s long-awaited Rs35 per share dividend

byCT Report
24/04/2026

ISLAMABADI: National Bank of Pakistan has received approval for its long-delayed dividend payout after Prime Minister Shehbaz Sharif cleared the...

SBP eases import financing rules for oil & LNG amid geopolitical crisis

byCT Report
24/04/2026

KARACHI: The State Bank of Pakistan (SBP) has revised key foreign exchange instructions to facilitate the import of crude oil,...

Next Post

DG Surriya to revise valuation of tubular metal needles on March 30

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.