ISLAMABAD: Universal Gateway Company that was involved in tax evasion of Rs 176 million is reportedly ready to pay the evaded amount.
However, the company did not forward a written application in this regard.
The Customs Intelligence and Investigation had asked Universal Gateway to submit a written application to the Customs Adjudication regarding payment of tax.
The Customs Intelligence also submitted two more contravention reports to the Customs Adjudication.
The Customs Court has confirmed the bails of the accused, but the Customs Intelligence filed a petition against them in the Islamabad High Court.
The hearing is expected during the next week. Sources within Customs Intelligence said that the Universal Gateway Company just wanted to buy some time and that it had no intention to pay tax, as no application was filed in this regard.
