KARACHI: The Collectorate of Customs Adjudication-I has issued a show-cause notice to the Bismillah Industry in Rs 4.8 million tax evasion case.
According to MCC-Appraisement (West), Bismillah Industry imported a consignment of zinc-coated coils and other items with chargeable customs duty of 5 percent.
However, the Customs authorities found that the importer had wrongly declared the imported items to avoid taxes to the tune of Rs 4.8 million, including customs duty of Rs 4.1 million and sales tax Rs 710,321. The goods in this case were valued at Rs 27 million.
The Collectorate of Customs Adjudication, therefore, issued a show-cause notice to the importer and fixed the hearing for September 4, 2014.
