Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Karachi

Customs Export serves notices on four companies involved in tax evasion

byWaqar Ahmed Ansari
03/11/2017
in Karachi, Latest News, Slider News
Share on FacebookShare on Twitter

KARACHI: The Customs Exports has served three show cause notices and one final notice on tax defaulters and tax evaders for recovery of dues.

Sources told Customs Today that Custom Exports issued notices to four companies, including M/s YK Knitwear, M/s Atif Qayyum Fabrics and M/s Waris G Enterprises’ and others.

You might also like

Goods transporters announce 5pc increase in freight charges amid petrol price hike

09/09/2026

FBR redraws enforcement map to crackdown on illicit money flows

09/09/2026

M/s YK Knitwear used wrong Pakistan Customs Tariff (PCT) headings to get a consignment of net fabrics suits and different kind of knitwear cleared on July 19 and caused the national kitty a loss of Rs 2.29 million.

During the scrutiny of the import data, the Customs Exports detected the misuse of the PCT heading for which it was issued with a show-cause notice no: 237/2017 for paying the evaded amounts of tax and duty.

Meanwhile, the Customs Exports unearthed another tax evasion committed by M/s Atif Qayyum Fabrics who got cleared a consignment of cotton printed bed sheets and different kinds of carpets and other items.

The customs authorities, after a careful investigation, served a show cause notice on the company and asked it to deposit the evaded tax amount within fortnight.

Another company M/s Waris G Enterprises cleared a consignment of  medical accessories include (different kinds of wheel chairs and surgery items). The custom authorities issued a final notice and mentioned to submit all the documents for consignment soon and submit a balance amount.

The Customs Exports unearthed another tax evasion committed by M/s Usman Baya Leathers who got cleared a consignment of leather shoes and gloves used wrong Pakistan Customs Tariff (PCT) heading to get a consignment.

Customs Exports detected the misuse of PCT heading for which it was issued with a show-cause notice no: 238/2017 for paying the evaded amounts of tax and duty.

 

Related Stories

Goods transporters announce 5pc increase in freight charges amid petrol price hike

byCT Report
09/09/2026

LAHORE: The Goods and Transport Association of Pakistan has announced a 5% increase in freight fares following the government’s decision...

FBR redraws enforcement map to crackdown on illicit money flows

byCT Report
09/09/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has overhauled how it monitors non-financial businesses and professions for money laundering and...

FBR mandates 5pc tax on social media influencers & content creators

byCT Report
09/09/2026

ISLAMABAD: The Federal Board of Revenue (FBR) is officially taxing digital income. Consequently, the FBR will enforce a 5% Withholding...

No more office visits: MCI digitises business licences

byCT Report
09/09/2026

ISLAMABAD: Metropolitan Corporation Islamabad (MCI) has fully digitised its municipal licence services, eliminating manual processing and allowing applicants to secure...

Next Post

Smuggled goods worth Rs43.516m seized by Multan Customs during October

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.