KARACHI: The Customs Export has recovered evaded amount of taxes and duties of Rs 13.54 million from defaulter companies which were 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 Shahid Image Works availed undue benefits and concessions after importing different consignments by misusing the SRO 569 through Examiner Farooq Jatoe on December 12, 2017. Sources further said that the company was allegedly involved in the tax evasion of Rs 5.58 million.
After detecting the tax evasion, the Customs Export served on it a final notice on March 2, 2018 directing them to deposit the evaded amount within 14 days, but defaulter company failed to clear the outstanding amount.
The Customs Export issued final notice after which the management of M/s Shaid Image Works deposited the evaded amount in the official account of the Customs Export on March 29.
On the other hand, the management of the M/s Rana Traders Hyderabad also cleared Rs 7.96 million of taxes and duties. Sources told that M/s Rana Traders 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 March 14, 2018. After receiving the notice, the management of the M/s Rana Traders deposited the evaded amount of taxes into the official account on Thursday.
