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MCC-Appraisement (East) recovered Rs4, 536,544 in Jan

MCC-Appraisement (East) recovered Rs4, 536,544 in Jan

KARACHI: Under the supervision of Collector Abdur Rashid Sheikh, the Research and Development (R&D) Section of Model Customs Collectorate (MCC) Appraisement-East detected nine cases of tax evasion and under-invoicing in the month of January and recovered a total amount of Rs4,536,544 from the tax evaders.

According to details, the R&D Section of MCC-Appraisement (East) efficiently detected these cases pertaining to tax evasion on different commodities including hand tools, foundry coke, carpets, primal, ethyl Di-glycol, viscose rayan filament yarn, met cock, diesel generators and dyes.

After finding the cases of under-invoicing, the R&D Section has recovered an amount of Rs4, 536,544 from different importers including M/s Pak China Trade Line, which owed Rs88,179 against difference in net weight within the items consisted of hand tools, M/s Bolan Casting Ltd paid additional amount of Rs296,860 against non-applicable of Valuation Ruling on foundry coke, Maplite Enterprises paid evaded amount of Rs2,910,824 on carpets against taken wrong benefit of SRO 1125/2011, M/s Jotun Powder Coating Pak Ltd paid amount of Rs592,103 on primal against issue of PCT classification, M/s Ahmad Trading paid an evaded amount of Rs542,686 on ethyl Di-glycol against taken wrong benefit of SRO 1125/2011 and M/s Tooba Trading, which paid Rs105,892 on Viscose Rayan Filament Yarn against the non-applicable of Valuation Ruling No. 478/12.

A senior officer of R&D Section informed Customs Today that an amount of Rs19, 545,564 had to be recovered from three more importers including M/s Siddiq Sons which will have to pay Rs9, 779, 606 on met cock against non-applicable of Valuation Ruling, M/s Knots Int. Ltd will have to pay Rs9, 663,477 on diesel generators against the exemption of ST under SRO 727/2011 and M/s Sicpa owes an amount of Rs102,481 on dyes in the above mention head.

He further told this scribe that the R&D Section of MCC-Appraisement (East) will soon recover these amounts as notices had already been served on the importers.