KARACHI: Customs Adjudication-I on Monday recovered Rs6 million from M/s Shah Zain Plastic Industry and Export, and served a final notice on a defaulter company named M/s Suleman & Sons, Karachi.
Sources told Customs Today that defaulter company M/s Shah Zain Plastic Industry and Export got cleared a consignment of white and black plastic dana, crystal doted dana and folding machines parts on January 11, 2017 and evaded a tax amount of Rs 6 million.
After the investigation, the Customs Adjudication-I served a show cause notice to the company on April 5, 2018 but it failed to clear the outstanding tax amount.
The collector Customs Adjudication-I issued a final notice to the company on 2nd May, 2018. After receiving the notice, the company deposited Rs6 million in favor of the Customs Department on 14th May 2018.
Another Company M/s Suleman and Sons, Karachi was allegedly involved in tax evasion. The company imported different types of LED picture tubes consignment on October 15, 2017 by the examiner Ayoub Arain and used the wrong PCT heading.
After scrutinizing import data, the Customs Adjudication-I issued a final notice to the company on May 14th 2018, according to final notice defaulter company is directed to clear the outstanding amount of Rs11.45 million within 10 days to avoid stern action.
