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Home Karachi

Customs Export recovers Rs 9.47m from defaulter companies

byWaqar Ahmed Ansari
21/04/2018
in Karachi, Latest News
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KARACHI: The Customs Export has recovered evaded amount of taxes and duties of Rs 9.47 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 Safina Granite and Export Karachi availed undue benefits and concessions through export of different kinds of marble tiles by misusing the SRO 561 through Examiner Obaid Yousufi on September 18, 2017.

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Sources said the company was allegedly involved in tax evasion of Rs 6.47 million. After detecting the tax evasion; the Customs Export issued it with a final notice on April 4, 2018 to deposit the evaded amount within 14 days.

After receiving the notice, the management of M/s Safina Granite and Export Karachi deposited the evaded amount in the official account of the Customs Export on April 18, 2018.

Sources told that the management of the M/s Wahab Kurta Villa also cleared Rs 3 million of taxes and duties. Sources told that M/s Wahab Kurta Villa also availed undue benefits and concessions and avoided paying taxes according to the customs bylaws.

The Customs Export authorities served on it a final notice on April 9, 2018. The management of the company after receiving the notice deposited the evaded amount of taxes on  April 18, 2018.

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