KARACHI: Collector Customs Export Saqif Saeed on Thursday recovered evaded amount of Rs4.58 million taxes and duties from M/s Sabiha Knitwear, Karachi.
Sources told Customs Today that during scrutiny of the import data, it was revealed that M/s Sabiha Knitwear, Karachi availed undue benefits and concessions by importing a consignment of imported wall paint by misusing the SRO 543. The consignment was cleared through Examiner Shahbaz Ali on December 22, 2017.
Sources said that the company was allegedly involved in tax evasion of Rs 4.58 million. The Customs Export started investigations after detecting the tax evasion, the department issued a final notice on July 17, 2018 to the company to deposit the evaded amount within 14 days.
After receiving the notice, the management of M/s Sabiha Knitwear, Karachi deposited the evaded amount in the official account of the Customs Export on July 26, 2018.
