KARACHI: Newly appointed Collector Customs Export Saqib Saeed is doing an excellent job in the month of February as he has detected 17 new cases of tax evasion after January 30, 2018. Today the Customs Export has recovered evaded taxes and duties from defaulter companies after issuing notices to them.
Sources told Customs Today, during a scrutiny of the import data, it was found that the M/s Hamza Marble International availed undue benefits and concessions by importing different consignments of cutter and polish machines on November 16, 2017 through Examiner Shoaib Ali at the Port Qasim and misused the SRO 567.
The company was founded involved in a tax evasion of Rs5.50million. After uncovering tax evasion, the Customs Export issued it with a final notice to deposit the evaded amount within seven days. After receiving the notice, the management of the M/s Hamza Marble International deposited the evaded amount into the official account of the Customs Export on 27th of February.
On the other hand, the management of the M/s Karim Watches also cleared Rs6.58million of taxes and duties. Sources told CT that the M/s Karim Watches also availed undue benefits and concessions and avoided paying taxes according to the customs bylaws.
The Customs Export authorities served on it a final notice. After receiving the notice, the management of the M/s Karim Watches also deposited the evaded amount of taxes on February 26.
