Monday , July 23 2018
Breaking News
Home / Karachi / Tax evasion bid aborted by Port Qasim Customs
Tax evasion bid aborted by Port Qasim Customs

Tax evasion bid aborted by Port Qasim Customs

KARACHI: Model Custom Collectorate Port Qasim has foiled a bid to evade the duty and taxes amounting to Rs12.36million by M/s Sufyan Trading Company through mis-declaration.

M/s Sufyan Trading Company filed a Goods Declaration seeking clearance of a flexible rubber sheets consignment with flaps of Japan. Imported uploaded a packing list of one particular container and the system selected that particular container for examination. The examination found the goods as per the packing list.

One container was marked for examination and it was as per declaration, three were going through green channel. Collector Saeed Akram had the information that the importer was involved in methodical mis-declaration through jumbling of high value items into lesser quantity and low value items into higher quantity. Saeed Akram formed R&D team, headed by Additional Collector Yasin Murtaza, comprising Deputy Collector, Principal Appraiser and Appraising Officer Anwer Zeb. They conducted examination of all the containers that if there was mis-declaration. Had this willful mis-declaration had gone unchecked exchequer would have suffered a loss of Rs12.36million.

Such cases are a big question-mark on the risk management system (RMS) as only those containers are marked for examination, which are as per declaration. Source said that penalty will be fixed on Sufyan Trading Company.