KARACHI: The Customs Export has recovered an evaded amount of taxes and duties of Rs17.97million from defaulter companies which were issued with notices to pay the arrears on Thursday.
Sources told Customs Today that, during a scrutiny of the import data, it was revealed that M/s Hanif Marble and Export availed undue benefits and concessions by importing different consignments of marble tiles by misusing the SRO 558 through Appraiser Yameen Khan on September 2017.
Sources told Customs Today that the company was allegedly involved in tax evasion of Rs11.47million. Investigation continued and, after detecting the tax evasion; the Customs Export issued it with a final notice on 2nd of March 2018 to deposit the evaded amount within 14 days.
The management of M/s Hanif Marble and Export deposited the evaded amount in the official account of the Customs Export on March 22.
On the other hand, the management of M/s Farooq Associates also cleared of Rs6.50million of taxes and duties. Sources told the correspondent that M/s Farooq Associates 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 1st of March 2018. The management of M/s Farooq Associates deposited the evaded amount of taxes.
