KARACHI: Collector Customs Export Saqif Saeed on Tuesday recovered evaded amount of Rs 6.20 million from M/s Ali Sufyan Embroidery Fabric and M/s Alam Leather Handicrafts, Karachi.
Sources told Customs Today that on July 13 during scrutiny of the import data, it was revealed that M/s Ali Sufyan Embroidery Fabric availed undue benefits and concessions by importing a consignment of embroidery machines by misusing SRO 547. The consignment was cleared through Examiner Nadeem Taj on January 18, 2018.
Sources said that the company was allegedly involved in tax evasion of Rs 4 million. The Customs Export started investigations after detecting the tax evasion, a final notice was issued to the company on July 20, 2018 to deposit the evaded amount within 14 days.
After receiving the notice, the management of M/s Ali Sufyan Embroidery Fabric deposited the evaded amount in the official account of the Customs Export on July 31, 2018.
While the management of M/s Alam Leather Handicrafts, Karachi also cleared Rs 2.20 million amount of taxes and duties. Sources said that M/s Alam Leather Handicrafts also availed undue benefits and concessions and avoided paying taxes according to the customs bylaws.
The Customs Export authorities served it a final notice on July 17, 2018. The management of M/s Alam Leather Handicrafts, Karachi deposited the evaded amount after receiving the final notice in this regard.
