KARACHI: The Customs Export has recovered evaded amount of taxes and duties of Rs 7.80 million from defaulter companies which were issued with notices to pay the outstanding dues.
Sources told Customs Today that during scrutiny of the import data, it was revealed that M/s Humair Sanitary and Pipes Store Karachi availed undue benefits and concessions by importing Hard PVC Pipes and others sanitary items by misusing the SRO 569 through Examiner Mateen Ayoub on 7th January, 2018.
Sources told Customs Today that the company was allegedly involved in tax evasion of Rs 4.25 million. Investigations were continued, after detecting the tax evasion, the Customs Export issued it with a final notice on April 28, 2018 to deposit the evaded amount within 14 days.
After receiving the notice, the management of M/s Humair Sanitary and Pipes Store Karachi deposited the evaded amount in the official account of the Customs Export on 15th May.
Another Company, the management of the M/s Waja Chemicals also cleared Rs 3.55 million of taxes and duties. Sources told the correspondent that M/s Waja Chemicals also availed undue benefits and concessions and avoided paying taxes according to the customs bylaws.
The Customs Export authorities served on it a final notice on April 13th, 2018, after Company receiving the notice, the management of the M/s Waja Chemicals deposited the evaded amount of taxes on 15th May, 2018.
