KARACHI: The Customs Export on Thursday recovered evaded amount of taxes and duties of Rs 11.08 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 NCZ Enterprises availed undue benefits and concessions by importing color printing chemicals by misusing the SRO 562 through Examiner Agha Najeed Aiwan on 9th February, 2018.
Sources told that the company was allegedly involved in tax evasion of Rs 8.58 million. Investigations were continued and after detecting the tax evasion, the Customs Export issued it with a final notice on 2nd May 2018 to deposit the evaded amount within 14 days.
After receiving the notice, the management of M/s NCZ Enterprises deposited the evaded amount in the official account of the Customs Export on 17th May, 2018.
Another company, M/s Surti Fertilizer also cleared Rs 2.50 million of taxes and duties. Sources told that M/s Surti Fertilizer 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 30, 2018,after Company receiving notice, the management of the M/s Surti Fertilizer deposited the evaded amount of taxes on 17th May 2018.
