KARACHI: The Customs Exports has recovered evaded taxes and duties amounting to Rs 28.2 million from various companies.
Sources told Customs Today that during scrutiny of the import data, it was revealed that M/s JJ Enterprises availed undue benefits and concessions by importing different consignments and misusing the SRO 567.
The company was founded involved in a tax evasion of Rs 4.29 million. After detecting the tax evasion, the Customs Exports them with final notice to deposit the evaded amount within seven days. After receiving the notice, the management of the M/s JJ Enterprises deposited the evaded amount in the official account of the Customs Exports.
On the other hand, the management of the M/s Wahid Ali Traders also cleared Rs 3.21 million of taxes and duties. Sources said the M/s Wahid Ali Traders also availed undue benefits and concessions and avoided paying taxes according to the customs bylaws.
The Customs Exports authorities issued them with a final show cause notice. After receiving the notice, the management of M/s Wahid Ali Traders deposited the evaded amount of taxes.
Other defaulter company M/s Farooq Garments (Lyari) deposited Rs4.50 million against the final notice No: 248/2017 issued on September 19, 2017. Sources told the Customs Exports recovered Rs6.20 million from M/s Zubair Garments. The company availed undue benefits and concessions by importing the consignments of printing chemicals. After receiving the notice, the management of the M/s Zubair garments cleared the amount.
