KARACHI: The Customs Exports has sent a final notice to M/s Sarfaraz Textile and Export and recovered evaded taxes and duties amounting to Rs 14.11 million from different companies.
Sources told Customs Today that Customs Export sent a final notice to M/s Sarfaraz Textile and Export to deposit balance amount. The company imported six fabric printed machines from Italy and used wrong PCT. After investigations, the Customs Export sent a final notice to the company asking it to clearing Rs 9.26 million within 14 days of receiving the notice.
Sources said that during scrutiny of the import data another company, it was revealed that M/s Fatima Safdar Enterprises availed undue benefits and concessions by importing different consignments and misusing the SRO 466.
The company was founded involved in a tax evasion of Rs 5.29 million. After detecting the tax evasion, the Customs Exports them with final notice to deposit the evaded amount within seven days. After receiving the notice, the management of the M/s Fatima Safdar Enterprises deposited the evaded amount in the official account of the Customs Exports.
On the other hand, the management of the M/s Ishtiaq Black Jet & Export also cleared Rs 2.22 million of taxes and duties. Sources told that M/s Ishtiaq Black Jet & Export availed undue benefits and concessions and avoided paying taxes according to the customs bylaws.
The Customs Exports authorities issued them with a final show cause notice. After receiving the notice, the management of M/s Ishtiaq Black Jet & Export deposited the evaded amount of taxes.
While another defaulter company M/s Sufyan and Sons deposited Rs 6.60 million against the final notice No: 238/2017 issued on November 18, 2017.
