KARACHI: The authorities concerned of Internal Audit-Customs held a meeting in order to review and update the status of letters sent by the Internal Audit-Customs to the commercial/private banks regarding checking the issuance of Form-E in export of gold, it was learnt here on Tuesday.
The sources informed Customs Today that the authorities concerned of Internal Audit at initial stage sent letters to 18private/commercial banks to confirm the issuance of Form-E in export of gold.
“10 out of 18 banks have responded the letter sent by the authorities concerned of Internal Audit-Customs in order to confirm the issuance of Form-E, adding that the private banks in their response have provided the accurate numbers of issuance of Form-E, which will help in the advancement of the investigation into gold smuggling case,” the sources added.
They disclosed that the Muslim Commercial Bank and some other banks have not yet responded the letter issued by the authorities concerned of the Internal Audit-Customs and further reminders have been issued to the relevant authorities of those banks.
The sources further informed this scribe that it was decided in the meeting that the investigation into gold smuggling case would be expedited and completed into stipulated time. The sources further revealed that the unscrupulous elements prepared fake E-Forms on their own and gave colossal loss to the national exchequer.