KARACHI: The Customs Export recovered evaded taxes and duties amounting to Rs 10.26 million from defaulter companies which had been earlier issued with notices in this regard.
Sources told Customs Today that during scrutiny of the import data, it was revealed that M/s Fareed Pipes availed undue benefits and concessions by importing different consignments and also misusing the SRO 562
The company was found involved in a tax evasion of Rs 3.68 million. After detecting tax evasion, the Customs Export issued them with a final notice to deposit the evaded amount in the official account within seven days.
After receiving the notice, the management of the M/s Fareed Pipes deposited the evaded amount in the official account of the Customs Export.
On the other hand, the management of the M/s Shanila Garments also cleared Rs 4 million of taxes and duties. Sources told Customs Today that M/s Shanila Garments also availed undue benefits and concessions and avoided paying taxes according to the Customs bylaws.
The Customs Export authorities served a final notice on them. After receiving the notice, the management of the M/ Shanila Garments paid the evaded amount of taxes.
Other defaulter company named M/s Moon Night Enterprises deposited Rs 2.58 million against the final notice No: 282/2017 issued on January 2, 2018.
