KARACHI: The Customs Export has recovered evaded taxes and duties amounting to Rs 3.38 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 Khalid and Co availed undue benefits and concessions by importing different consignments and misusing the SRO 567.
The company was allegedly involved in tax evasion of Rs 2.12 million. After detecting the tax evasion, the Customs Export issued them with a final notice on November 28, 2017 to deposit the evaded amount within 14 days. After receiving the notice, the management of M/s Khalid and Co deposited the evaded amount in the official account of the Customs Export on December 14.
On the other hand, the management of the M/s Sarfaraz Traders Karachi also cleared Rs 1.26 million of taxes and duties. Sources said the M/s Sarfaraz Traders Karachi also availed undue benefits and concessions and avoided paying taxes according to the customs bylaws.
The Customs Export authorities issued them with a final notice on November 28, 2017. After receiving the notice, the management of the Sarfaraz Traders Karachi deposited the evaded amount of taxes on Thursday.
