KARACHI: The Customs Export has recovered evaded amount of taxes and duties of Rs 9.62 million from defaulter companies which were issued with notices to pay the outstanding dues on Saturday.
Sources told Customs Today that, during scrutiny of the import data, it was revealed that M/s Shabbir Cotton Industry availed undue benefits and concessions by importing fabric cutting machines and liquid chemicals by misusing the SRO 561 through Examiner Aslam Sultan Awan on September 17, 2017. Sources said that the company was allegedly involved in tax evasion of Rs 8.14 million. Investigation was continued, after detecting the tax evasion; the Customs Export issued it with a final notice on April 9, 2018 to deposit the evaded amount within 14 days.
After receiving the notice, the management of M/s Shabbir Cotton Industry, Karachi deposited the evaded amount in the official account of the Customs Export .
Another Company, the management of the M/s Exclusive silk Embroidery, (Sher Shah Karachi) also cleared Rs 1.48 million of taxes and duties. Sources told that M/s Exclusive Silk Embroidery also availed undue benefits and concessions and avoided paying taxes according to the customs bylaws.
The Customs Export authorities served on it a final notice on April 11, 2018, the management of the M/s Exclusive Silk Embroidery deposited the evaded amount of taxes on April 27, 2018.
