KARACHI: Customs Adjudication-II showed outstanding performance by taking actions against tax defaulters and issued many notices during the month of January.
Source told Customs Today that Customs Adjudication-II served a final notice on a defaulter company named M/s Sabiha Leather and recovered Rs 5.25 million from M/s Farooqi Associates Karachi.
M/s Sabiha Leather was allegedly involved in tax evasion. The company imported different types of chemicals (used to refine the leather) on November 28, 2017 and used the wrong PCT heading. After a careful investigation, the Customs Adjudication-II issued a final notice to the company and cleared the outstanding amount of Rs 4.55 million.
Source said that another company M/s Farooqi Associates got cleared a consignment of heavy motorcycles parts (new and used) on October 28 and evaded tax amount of Rs 5.25 million.
After the investigation, Customs Adjudication-II served a show cause notice to the company on November 20, but it failed to clear the outstanding tax amount. Collector Customs Adjudication-II issued a final notice to the company on December 18, 2017. But company took time to submit the evaded amount. After receiving the notice, the company deposited Rs 5.25 million in favor of the Customs department.
