Thursday , May 24 2018
Breaking News
Home / Lahore / Customs court issues arrest warrant for accused in Rs 230m tax evasion case
Customs court issues arrest warrant for accused in Rs 230m tax evasion case

Customs court issues arrest warrant for accused in Rs 230m tax evasion case

LAHORE: The Special Federal Court of Customs Taxation and Anti-Smuggling has issued an arrest warrant for the accused involved in an alleged tax evasion of Rs 230 million.

Earlier, the Pakistan Customs Appraisement Mughalpura Lahore has detected a big tax evasion on goods imported from Thailand. An exercise to recover the evaded revenue has been initiated by the customs authorities. The customs started investigation and asked the court to issue an arrest warrant for the accused.

In January, the Collector Customs Mughalpura Jamil Nasir Khan received a tip-off that M/s Serab International imported a consignment which was not correctly declared. M/s Serab International imported surveying instruments from Thailand that were declared with value of $1,155.

During the assessment, the Customs Appraisement found that the imported consignment is valued more than $10 million. Through mis-declaration, the accused party has made a loss of Rs 4.4 million to the national kitty.

Subsequently, two additional collectors were assigned to scrutinize the import data of items to ascertain whether there is any recoverable revenue. The additional collectors confirmed in their report that mis-declaration was made on the goods imported.