KARACHI: The Model Customs Collectorate of Preventive has served ‘final notice’ on M/s Pakistan International Airline (PIA) for clearance of dues pertaining to wet leased six aircraft, as the post-dated cheques submitted by the Airline were dishonored.

These six aircraft were imported by PIA and October-November 2014 against wet lease agreements. The same were released against undertaking furnished by M/s PIA without payment of duty and taxes subject to the condition that leviable duty and taxes will be paid within three months.

M/s PIA furnished four post-dated cheques amounting to Rs617.167 million out of which an amount of Rs311.261 million has been encashed whereas two cheques amounting to Rs305.906 in total were dishonored and returned back by the concerned bank.

Despite of considerable time MS PIA has not made the remaining payment of government dues so far, an official told Customnews.pk.

Customs authorities have advised the national flag carrier to forward pay order of Rs554.333 million, which is recoverable from M/s PIA on account of taxes on the declared wet lease value.

MCC Preventive has warned M/s PIA that failing in making the payment by August 11, 2015 within the specified time of three days would attract action under the relevant provisions of law which involve lodging of FIR and detaining of aircraft while operations of aircraft may also be suspended.