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Customs I&I detects tax evasion of Rs474.7m by M/s CMPak Limited

Customs I&I detects tax evasion of Rs474.7m by M/s CMPak Limited

KARACHI: Directorate of Customs Intelligence and Investigation (I&I) detained two consignments imported by M/s CMPak Limited, Islamabad in association with their off-shore supplier and clearing agent.

According to the details, Director Irfan Javed received information that M/s CMPak Limited, Islamabad (NTN-711579) involved in the import and clearance of telecom equipment through mis-declaration/ concealment of actual import (CFR) value on the basis of manipulated invoices and contracts.

Pursing the information, the team of I&I detained two consignments cleared vide GDs No. KPPI HC-66552 and KPPI-HC-66564, dated 6.3.2019 from Customs Port Mohammad Bin Qasim, Karachi and warehoused with M/s DHL Global Forwarding Pakistan (Pvt) Limited situated at Port Mohammad Bin Qasim.

Relevant import documents including packing lists, invoices, copies of contract bills of quantity and price lists were procured from the importer. During the scrutiny and comparison of procured documents with the declaration made in the GD as well as physical examination of the consignments, it transpired that Remote Radio Unit (RRU3959a) for multi-mode 1800 MHz/2100 MHz and Baseband Process Unit E3 worth US$8,043/pc along with other telecommunication equipment had been cleared by suppressing actual CFR value @ US$309/- US$331/pc and US$976/pc respectively.

The detection of evasion of duty and taxes worked out to Rs343 million and Rs131.6 million total amount of tax evasion stands Rs474.7 million which is still recoverable from M/s CM Pak Limited, Islamabad.