KARACHI: The Customs Adjudication-I has retrieved Rs4.89million from M/s Siddique Sanitary Works Karachi. The company was allegedly involved in tax evasion.
Sources told our reporter that Collector Customs Adjudication-I Mohammad Javed has issued a show-cause notice to said company for allegedly causing the treasury a loss of Rs4.89million by way of mis-declaration of classification.
M/s Siddique Sanitary Works imported a consignment of imported tiles, sanitary items including different types of taps, beacons pipes and more items from Italy & got them cleared by mis-declaring the classification under the Pakistan Custom Tariff (PCT) from the Pakistan International Container Terminal (PICT).
The company allegedly availed undue and inadmissible benefit as well as exemption of sales tax. It is pertinent to mention here that M/s Siddique Sanitary Works itself has imported identical/same goods under the correct PCT heading 6670.2389. Apart from it, all other importers of different kinds of sanitary items including different kinds of taps, beacons pipes and more items have either been declared by the importers or assessed by the collectorates.
Earlier, the Customs Adjudication-I has recovered Rs5.35million from M/s Anwar Associates and Company Karachi. The company was allegedly involved in tax evasion.
