KARACHI: The Customs Export recovered Rs126.66 million of taxes and duties from defaulter companies in the month of May 2018.
Sources told Customs Today that the Customs Export has recovered evaded amount of taxes and duties of Rs8.29 million from defaulter companies which were issued with notices to pay the outstanding dues.
Sources said that during scrutiny of the import data, it was revealed that M/s Niaz Dying, availed undue benefits and concessions by importing different chemicals by misusing the SRO 561 through Examiner Shabbir Javed on 7th August, 2017.
Sources said that the company was allegedly involved in tax evasion of Rs 4.29 million. Investigations were continued and after detecting the tax evasion, the Customs Export issued it with a final notice on 15th May 2018 to deposit the evaded amount within 14 days.
After receiving the notice, the management of M/s Niaz Dying deposited the evaded amount in the official account of the Customs Export on 1st June 2018.
Sources said that the management of the M/s Fatima Cotton and Export also cleared Rs 4 million of taxes and duties. Sources said that M/s Fatima Cotton and Export also availed undue benefits and concessions and avoided paying taxes according to the customs bylaws.
