KARACHI: The Customs Adjudication-I showed an excellent performance in the month of January 2018. The adjudication has issued 10 show cause and 8 final notices to defaulter companies in the previous month.
Sources told Customs Today on Friday that the Customs Adjudication-I has retrieved Rs4.52million from M/s Asad Industries Karachi. The company was allegedly involved in the tax evasion. Sources told our reporter that Collector Customs Adjudication-I M Javed has served a show-cause notice on said company for allegedly causing the treasury a loss of Rs4.52million by way of mis-declaration of classification.
M/s Asad Industries Karachi imported a consignment of various types of imported blankets and bed-sheet-cover sets which were got cleared by mis-declaring the classification under the Pakistan Custom Tariff (PCT) from the Pakistan International Container Terminal (PICT) through Examiner Mojeeb-ur-Rehman.
The company allegedly availed undue and inadmissible benefit as well as exemption of sales tax.
It is pertinent to mention here that M/s Asad Industries Karachi itself has imported identical/same goods under the correct PCT heading 2508.2487. Apart from it, all other importers of blankets and bed-sheet-cover sets have either been declared by the importers or assessed by the collectorates.
