KARACHI: The Customs Adjudication-I has sent 12 notices to defaulter companies for collecting outstanding amount during the month of April.
Earlier on May 30, the Customs Adjudication-I retrieved Rs 6.50 million from M/s Zulfiqar Auto Parts, Karachi. The company was allegedly involved in tax evasion.
Sources told Customs Today that the Collector Customs Adjudication-I served a show-cause notice on the said company for allegedly causing the treasury a loss of Rs 6.50 million by way of mis-declaration of classification.
M/s Zulfiqar Auto Parts, Karachi imported a consignment of vehicles parts and got them cleared by mis-declaring the classification under the Pakistan Custom Tariff (PCT) from the Pakistan International Container Terminal (PICT) through Examiner Aslam Rasool.
The company allegedly availed undue and inadmissible benefits as well as exemption of sales tax. It is pertinent to mention here that M/s Zulfiqar Auto Parts, Karachi itself has imported identical/same goods under the correct PCT heading 2407.3348. Apart from it, all other importers of vehicles parts have either been declared by the importers or assessed by the Collectorates.
