Wednesday , September 23 2020
Breaking News
Home / Breaking News / Tax evasion, seizures: Customs adds Rs4.89b to national kitty in May’14
Tax evasion, seizures: Customs adds Rs4.89b to national kitty in May’14

Tax evasion, seizures: Customs adds Rs4.89b to national kitty in May’14

ISLAMABAD: Pakistan Customs and Directorate General of Intelligence and Investigation-Customs has identified billions of rupees for recovery from tax evaders and confiscated vast amount of smuggled goods while preventing huge losses to the national exchequer.

During May, 2014 Pakistan Customs authorities have acted upon various cases of tax evasion worth over Rs 2.467 billion.

Whereas, Customs Intelligence has confiscated goods and articles worth over Rs 2.43 billion in anti-smuggling activities across the country. The seized goods include vehicles, tyres, cloth, cosmetics, jewellery, cell phones, electronic appliances, machineries and dozens of other kinds of articles.

According to customs authorities and DGI&I-Customs, earlier in the months of March and April combined Pakistan Customs had identified tax evasions worth Rs 1.21 billion. Similarly DGI&I-Customs had impounded goods worth Rs 0.828 billion during anti-smuggling activities in the two months. Both the values combined give a sum of Rs 2.038 billion.

Interestingly the figures for the month of May in this regards are twice as much as the respective figures for the months of March and April combined, i.e., over Rs 4.897 billion.