KARACHI: The Model Customs Collectorate of Appraisement East has unearthed tax evasion of Rs 12.56 million in the clearance of electronics items imported by M/s Farooq Traders.
Source told Customs Today that the Collector Appraisement East Ashadd Jawad directed the R&D section to verify the post clearance consignments of the importer M/s Farooq Traders. During the scrutiny, it was found that the said importer willfully used Green Channel in the clearance of two consignments of electronics items and caused a loss of Rs 12.56 million to the national exchequer in terms of duty and taxes.
The sources further informed that a recovery notice has been sent to the importer. The R&D sources said that the importer has also assured that it will deposit the evaded amount of Rs 12.56 during within one week.
