KARACHI: The Customs Exports has expedited its efforts to recover the outstanding taxes pending against defaulter companies.
Sources told Customs Today that the Customs Exports has already started an operation in this regard. Sources said that from the start of the current fiscal year, the Customs Exports recovered eight percent outstanding dues pending against companies, while the remaining amount will be recovered during the current month.
Sources said that necessary directions have already passed on to the relevant departments in this regard, so this is the reason that authorities are quite optimistic that they will generate record revenues during November.
Sources said that Customs Exports recently issued a notice to a textile company which is located in North Nazimabad, while another notice was dispatched to M/s Ijaz Textile Mills which is located in Hyderabad. Both companies exported two consignments of textile material and availed undue benefits and concessions by using wrong PCT heading and SRO 564 and evaded tax amount of Rs2,53,000.
After detecting tax evasion Customs Exports authorities directed the management of these companies to deposit outstanding amount within seven days after receiving of notice otherwise stern action will be taken against these companies.
It is necessary to mention here that Customs Exports authorities issued tax notice to the management of M/s Safoora and Sons. The company is located in Thatta. The company imported different consignments of molding machines during the month of October and evaded tax amount of Rs57,000. Customs Exports also issued notice to Al Rauf Textile and Knitwear Company. The company is involved in tax evasion of Rs 1,00,000.
The customs authorities directed these companies to deposit evaded tax amount within seven days to avoid legal action.
