KARACHI: The Customs Collectorate Appraisement West has issued a demand-cum-show cause notice to M/s Faraz Industries (Private) Limited for short recovery of Rs 60,916 on import of plastic moulding.
On post scrutiny of the released goods, it was observed by the internal audit department Custom House that M/s Faraz Industries imported consignments consisting of plastic moulding for clearance thereof claiming benefits of SRO 659(I)/2007 dated 30.6.2007, sources told Customs Today.
Whereas the scrutiny of consignment reveals that item No 1 the benefit of SRO 659(I)/2007 dated 30.6.2007 is not admissible which resulted into short recovery of Rs 60,916 on account of customs duty.
You are therefore, served with this notice to pay the recoverable amount of duty and taxes in terms of Section 32(3) of the Customs Act, 1969 within 7 days from receipt of this notice as to why the amount demanded should not be recovered from you. Your reply should reach on or before 2.4.2016.
The hearing is fixed for April 2, 2016 at 11 am and the importer/clearing agents asked to defend the case with substantial documents if any. If no reply to this notice is received within the specified date, it will be presumed that importer do not wish to contest the finalization of the case and the demanded amount will be recovered under Section 202 of the Customs Act, 1969 read with Chapter-XI of the Customs Rules, 2001.
