Karachi:
The Customs Collector (Exports) at Port Muhammad Bin Qasim discovered a tax evasion and RS825 million rights and filed a case against a negotiation unit operating in the export processing zone (EPZ).
Collector-based shipments imported by M / S Sardar Enterprises during the year 2023-24, based on credible information concerning the activities of the unit. The audit revealed that the company has abused exemptions granted to EPZ units, engaging in smuggling and tax evasion.
In January of this year, the company imported two shipments, one of which made the alarm during a detailed exam.
The company had falsely declared a shipment as including mixed and used LCD laptops, LCD panels, parts and computer components. However, during the inspection, the customs audit team found second -hand tablets and new keyboards, which are not authorized under EPZ import regulations.
In the second dispatch, the company declared cotton balls in the declaration of goods. However, a customs examination revealed that 14,000 kilograms of cellulose acetate towing were hidden inside cotton balls, which violates the import laws of the EPZ.
Thanks to these errors, M / S Sardar Enterprises escaped 825 million rupees of rights and taxes, resulting in a loss to the national treasury.
The collector has recorded a file against the administrators of the company, Javed Rasheed and Waqar Insha, as well as the compensation agent, the owner of Maryam Logistics, Ahmed Shehzad Khan and Qurban Ali. Two teams were trained to stop the suspects.
