FAISALABAD: Collectorate of Customs Adjudication Collector Raja Tahir Majeed has ordered M/s KPI Private Limited to pay Rs 7.55 million, which it had evaded by availing undue benefits of SRO 326 and 327(1)/2008 for duty free import of export oriented items.
As per details, the Bonds section of Faisalabad Model Customs Collectorate had issued a license to M/s KPI for duty free import and under which the company imported five consignments of polythene having specific gravity of less than 0.94 weighing 18,000 kilogram and 10,810 kg of plastic granules to make its product for export. By using the imported raw material, the company manufactured 26,232.30 kg of garbage bags.
While scrutinising the data, the audit department found that the accused company has not exported the consignment but has sold the product in local markets causing loss of Rs 7.55 million to national exchequer.
The case was referred to Customs Adjudication to take further legal action against the M/s KPI (PVT) Ltd, where the court asked the respondent to submit reply in the case. But the respondent could not defend the allegations and the charges as enumerated in the show cause notice stand established.
The company evaded Rs 5.6 million by not exporting the output product, besides giving loss of Rs 1.927 million to national kitty by availing undue benefits.
Therefore, Collector Raja Tahir Majeed has directed the accused company to pay the liable duty/taxes as soon as possible.
