KARACHI: The Customs Exports has successfully collected Rs 11.2 million during the first 15 days of August 2017 of the fiscal year 2017-18.
Sources told Customs Today that Customs Exports issued ten show cause notices out of which six final notices were served on defaulter companies in first 15 days of August. It is necessary to mention here the Customs Exports successfully collected Rs 38.12 million during the month of July.
The Customs Exports issued show cause notices to one factory in order to collect the evaded tax amount. The customs authorities issued notices to M/s Ghaffor Textile and Export Karachi which is found involved in tax evasion.
M/s Ghaffor Textile and Export Karachi used the wrong Pakistan Custom Tariff (PCT) heading to get its different items of consignment (ladies lawn suit and fabrics) consignment cleared on 28th of July causing a loss of Rs4.3 million to the national exchequer.
During scrutiny of import data during the end of July, the Customs Exports found the company used the wrong PCT heading. After detecting the tax evasion, the customs authorities issued a show-cause notice no: 199/2017 to recover the evaded tax amount.
