Customs Exports directs Zunair Enterprises to pay evaded tax, duties within two weeks

KARACHI: The Customs-Export branch directed the management of M/s Zunair Enterprises to deposit evaded tax and duty amounting to Rs 2.2 million.

Sources told Customs Today that during scrutiny of import data it was revealed that M/s Zunair Enterprises availed undue concessions and benefits by importing different consignments of magnum rods. The company imported six consignments of these rods during January and February.

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Sources said that Ms Zunair Enterprises availed these concessions by using wrong PCT heading and SRO 566 and caused a loss of Rs2.2 billion to national kitty.

After detecting the tax evasion authorities of Customs Export branch directed the management of M/s Zunair Enterprises to deposit the evaded tax and duties amount within fourteen days to avoid legal action. Failing will led to attachment of bank accounts and properties.