KARACHI: The Customs Export has recovered an evaded amount of taxes and duties of Rs11.08million from defaulter companies which had been issued with notices to pay the arrears on Saturday.
Sources told Customs Today that, during a scrutiny of the import data, it was revealed that M/s Tufail Fertilizers availed undue benefit and concession after importing different consignments by misusing the SRO 567 through Examiner Usman Ali on December 9, 2017. Sources further said that the company was allegedly involved in the tax evasion of Rs6.50million.
After detecting the tax evasion, the Customs Export served on the company a final notice on January 30, 2018 to deposit the evaded amount within 14 days, but the defaulter company failed to deposit the amount.
After 20 days of receiving the notice, the management of M/s Tufail Fertilizers deposited the evaded amount in the official account of the Customs Export on 2nd of March.
On the other hand, the management of the M/s Maz Associates also cleared Rs4.58million of taxes and duties. Sources told the correspondent that M/s Maz Associates also availed undue benefit and concession and avoided paying taxes according to the customs bylaws.
The Customs Export authorities issued to it a final notice on February 19, 2018. After receiving the notice, the management of the M/s Maz Associates deposited the evaded amount of taxes into the official account on Saturday.
