Wednesday , September 26 2018
Breaking News
Home / Lahore / Customs Appraisement unearths Rs500m ‘mis-declaration’ scam
Customs Appraisement unearths Rs500m ‘mis-declaration’ scam

Customs Appraisement unearths Rs500m ‘mis-declaration’ scam

LAHORE: The Collectorate of Customs Appraisement (MCC) Lahore, has unearthed a ‘mis-declaration’ scam involving over Rs500 million customs duty.

Sources said that M/s Haji Sh Nooruddin & Sons was involved in misusing of SRO 326 and 327 (I) 2018 dated 29.03.2008 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.

Collector Appraisement Jamil Nasir confirmed the incident and added that first information report (FIR) has been lodged and criminal proceedings have been initiated against the company. The Federal Board of Revenue (FBR) has also been apprised of the incident, he added.

Sources said the Collectorate had got information through an informer that the company was misusing the exemption available under the export-oriented scheme and supplying gunji kits, 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 had 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.