KARACHI: The Customs Export has recovered evaded taxes and duties amounting to Rs 8.85 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 Seema Belli and Co availed undue benefits and concessions by importing different consignments by misusing the SRO 566.
The company was allegedly involved in tax evasion of Rs 5.60 million. After detecting the tax evasion, the Customs Export issued them a final notice on November 13, 2017 to deposit the evaded amount within 14 days. After receiving the notice, the management of M/s Seema Balli and Co deposited the evaded amount in the official account of the Customs Export on December 18.
On the other hand, the management of the M/s Junaid Traders Karachi also cleared Rs3.25 million of taxes and duties. Sources told that M/s Junaid 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 1st December, 2017. After receiving the notice, the management of the M/s Junaid Traders Karachi deposited the evaded amount of taxes.
