MULTAN: The Model of Customs Collectorate (MCC) Multan has detected tax evasion of Rs 1.543 million by Ahmad Fine Textile Mills.
Ahmad Fine Textile Mills Multan got the duty and tax remission (DTRE) approval under Rule 307-C of the DTRE Rules.
It was allowed to import goods of polyester staple fiber of approved quantity (200,000kg) under the Pakistan Customs Tariff (PCT) Heading 5503.9000.
The company was also allowed to export PC Yarn and PC Yarn of approved quantity of 1833,333kg.
During the inspection of Pakistan Customs data and shipping bills relevant to the DTRE, it was revealed that the user was involved in the violation of DTRE through export of goods other than the DTRE-approved goods.
Ahmad Fine Textile Mills mistreated the approval of DTRE by exporting non-permitted goods using the name of goods approved by the customs authority.
The company has evaded tax to the tune of Rs 1.543 million under the head of customs duty and income tax along with default surcharge and penalty.
The contravention report of tax evasion has been sent to the Customs Adjudications for further proceeding.
