FAISALABAD: The Model Customs Collectorate (MCC) recovery branch recovered Rs0.966 million in the wake of differential amount from Faisalabad based company M/s Friends Trading Company.
Sources told Customs Today, that Deputy Collector recovery branch Rana Falik Shair started a survey for the recovery of outstanding taxes. He formed a special team under the supervision of Superintendent Muhammad Mukhtar, which also included Inspector Muhammad Faizi Raza, Amir Bajwa and UDC Abdul Sattar and others.
Sources said during scrutiny of outstanding dues cases it was revealed that Rs26,28,547 is still outstanding against the above said company. Customs authorities directed the management of the company to deposit evaded amount of taxes and duties at the earliest to avoid stern action. After receiving the notice the management of M/s Friends Trading Company deposited all the outstanding amount. It is necessary to mention here that Customs authorities already expedited their efforts to recover outstanding amount from defaulters companies.
