LAHORE: Collectorate of Customs started proceedings against M/s Haji Nooruddin & Sons which is allegedly involved in misusing of SRO 326 and has caused a loss of Rs 500 million to the national kitty in the wake of tax evasion.
Sources told Customs Today that M/s Haji Sh Nooruddin & Sons was involved in misusing of SRO 326 and 327 (I) 2018 under the export-oriented license no: 08/LHR/EOU/2008. The said company was importing duty free raw material under the export-oriented scheme and selling the goods manufactured illegally to the local market and government departments.
First Information Report (FIR) has been lodged and criminal proceedings have been initiated against the company.
The Collectorate received credible information that the company was misusing the exemption available under the export-oriented scheme and supplying mosquito net, tarpaulin and family tents to the Food department of the Punjab government, M/s PASSCO Lahore and NDMA out of the material imported under the duty free scheme for the purpose of exporting the goods manufactured.
Sources said M/s Haji Sh Nooruddin & Sons set up another company with the name of M/s. Zee Logistics Lahore to sell products manufactured with raw material imported under the export-oriented scheme. This act on the part of the company has caused millions of rupees loss to the national exchequer under the head of Customs duty and other levies. This is also a violation of the undertaking submitted to the Customs Collectorate that no product manufactured through raw material would be sold in the local market and all of them would be exported.