LAHORE: The Collectorate of Customs Appraisement unearthed and recovered millions of rupees tax evasion done in three cases of mis-declaration of steel sheets value.
The Collectorate of Customs appraisement found duty and tax evasion of Rs 20 million in the cases. In first case, the Collectorate recovered Rs 10.7 million from OS Corporation. The accused was alleged of mis-declaration on steel sheets being used for food stuffs preservation. The accused is said to have been clearing its steel consignments from Lahore Dry Port despite the fact that he belongs to Karachi and the steel sheets were imported at the Karachi Dry Port.
In another cases the customs recovered Rs 7.7 million including duty taxes and fine penalty from Faheem Steel sheet. In yet another case, Inam Traders had mis-declared value of steel sheets evading Rs 1.2 million duty and taxes. The customs department has recovered the duty and taxes evasion of Rs 1.2 million along with the fine penalty imposed by the Collectorate of Adjudication.
