KARACHI: The Customs Export has recovered an evaded amount of taxes and duties of Rs9.89million from defaulter companies which had been issued with notices to pay the outstanding dues.
Sources told Customs Today that, during scrutiny of the import data, it was revealed that M/s Rohail Zari Works Karachi availed undue benefits and concessions by importing different consignments of Zari Fabrics by misusing the SRO 569 through Examiner Majid Khan on December 16 2017.
Sources told Customs Today that the company was allegedly involved in tax evasion of Rs05million.
After detecting the tax evasion; the Customs Export served on it a final notice on January 23, 2018 to deposit the evaded amount within 14 days.
After receiving the notice, the management of the M/s Rohail Zari Works Karachi deposited the evaded amount in the official account of the Customs Export on 6th of March.
On the other hand, the management of the M/s Faraz Associates also cleared Rs04.89million of taxes and duties. Sources told the correspondent that the M/s Faraz Associates also availed undue benefits and concessions and avoided paying taxes according to the customs bylaws.
The Customs Export authorities issued to it a final notice on February 23, 2018. After receiving the notice, the management of the M/s Faraz Associates deposited the evaded amount of taxes on Wednesday.
