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Customs Intelligence (Enforcement) unearths Rs111.5m tax evasion

Customs Intelligence (Enforcement) unearths Rs111.5m tax evasion

KARACHI: Customs Intelligence (Enforcement) has unearthed tax evasion of Rs111.5 million.

On information of Customs Intelligence & Investigation Director General Shaukat Ali, Karachi Customs (Enforcement) constituted a team of intelligence officers, which detected a group of importers who illegally transported non-duty paid items from public bonded warehouse without payment of duties and taxes.

The group used to transfer non-duty paid goods, include generators, LEDs, TV panels, remote controls etc, to bonded warehouse and later illegally take out without paying taxes or duties with the involvement of warehouse administration.

The companies and goods confiscated by the Karachi Customs Directorate General Intelligence & Investigation (Enforcement), include Easer Traders Karachi – 92 gasoline generators, NHC Corporation – 4,305 pieces of 32’ LED penal display screen, Cummins Sales & Service (Pakistan) Ltd – 2 diesel generators, Gateway International Lahore – 211 gasoline generators, HNC Corporation Karachi – 1,159 carton of LED panel display screens of 39’ and 48’ TVs, Engineering INdustery Lahore – 1548.707 metric tonne GP steel sheets coils and Fierce Engineering Industry Lahore – 716.365 metric tonne GP steel sheets coils.

These illegally transported goods are worth Rs210.9 million and Rs111.5 million worth of duty/taxes evaded on them. The Customs authorities have lodged an FIR against owners and importers involved in this heinous crime and further investigations are underway.