KARACHI: The Customs Export has recovered evaded amount of taxes and duties of Rs 10.17 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 Muniba and Sons Karachi availed undue benefits and concessions after importing different consignments by misusing the SRO 566 through Examiner Raheel S Khan. Sources further said that the company was allegedly involved in the tax evasion of Rs 6 million.
After detecting the tax evasion, the Customs Export served on it a final notice on January 18, 2018 to deposit the evaded amount within fourteen days.
After receiving the notice, the management of M/s Muniba and Sons Karachi deposited the evaded amount in the official account of the Customs Export on 6th of February.
On the other hand, the management of the M/s Kamran Associates also cleared Rs 4.17 million of taxes and duties. Sources told the correspondent that M/s Kamran Associates also availed undue benefits and concessions and avoided paying taxes according to the customs bylaws.
The Customs Export authorities issued to it a final notice on January 12, 2018. After receiving the notice, the management of the M/s Kamran Associates deposited the evaded amount of taxes into the official account. Earlier Customs Export has issued a show cause notice to Ambreen and Sons for recovery of Rs 4.25 million.
