KARACHI: Customs Export Collector Saqif Saeed has recovered evaded amount of taxes and duties to the tune of Rs8.24 million from defaulter companies which were issued with notices to pay the outstanding dues.
Sources told Customs Today that during scrutiny of the import data, it was revealed that M/s Zeeshan Associates availed undue benefits and concessions on import of fancy electric items included lights, and board by misusing the SRO 551. The consignment was cleared through Examiner Akram Rasool on February 24, 2018.
Sources said that the company was allegedly involved in tax evasion of Rs3.55 million. Investigations were continued. After detecting the tax evasion, the Customs Export issued it with a final notice on June 11, 2018 to deposit the evaded amount within 14 days.
After receiving the notice, the management of M/s Zeeshan Associates deposited the evaded amount in the official account of the Customs Export on June 25.
Sources said that management of the M/s Safdar Haroon Garments also cleared Rs4.69 million of taxes and duties. Sources said that M/s Safdar Haroon Garments also availed undue benefits and concessions and avoided taxes according to the customs bylaws.
The Customs Export authorities served on it a final notice on June 13, 2018, after which the management of the M/s Safdar Haroon Garments deposited the evaded amount of taxes on June 25, 2018.
