KARACHI: The Customs Export has recovered evaded amount of taxes and duties of Rs 11.50 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 Safdar Enterprises availed undue benefits and concessions after importing different consignments by misusing the SRO 566 through Examiner Usman Ali on 16th December 2017. Sources 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 14 days, but defaulter company willfully avoided to clear the dues.
After receiving the notice, the management of M/s Safdar Enterprises deposited the evaded amount in the official account of the Customs Export on19th of February.
On the other hand, the management of the M/s Waseem Watches also cleared Rs 5.50 million of taxes and duties. Sources told the correspondent that M/s Waseem Watches 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 Waseem Watches deposited the evaded amount of taxes into the official account on Monday.
