Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Karachi

Customs Court seeks comments on acquittal petition filed by director of M/s Kamran Lubricants Pvt Ltd

byM.B. Rana
27/07/2018
in Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: The Customs Court directed customs officials to file their para-wise comments on petition for acquittal filed by Mian Abdul Rasheed son of Atta Muhammad, Director of M/s Kamran Lubricants Private Limited,, who is booked in a case of tax evasion, under Section 265-K Cr. PC read with Section 185-B (d) of the Customs Act, 1969 for acquittal.

On July 24, 2018, during the hearing, counsel for the above-mentioned importer argued that according to the FIR, the occurrence dated of the alleged incident is May 26, 2009 whereas FIR was lodged on Nov 24, 2009, alleging that a consignment was imported by the petitioner by declaring description as residue of petroleum, which is chargeable of customs duty at 0% sales tax at 16% and income tax at 2%.

You might also like

ICCI President urges Prime Minister to revisit early market closure policy

23/04/2026

Pakistani banks see sharp rise in US dollar deposits despite SBP controls

23/04/2026

He further argued that prosecution further allegation fixed that quantity and other particulars have grossly been mis-declared by the importer to cause revenue loss to the government, representative samples were drawn, Customs House laboratory identified the goods as diesel oil instead of declared description as residue petroleum in the BL and Cargo information electronically filed by the concerned shipping agent, therefore, importer tried to evade customs duty and taxes to the tune of Rs6,207,826 thus has committed an offense under Section 2 (s) 2 (kka) Section 16 and relation offenses under Section 32, 155 (A) (CENF).

Counsel argued that allegations are baseless and prosecution has not produced any single concrete evidence against his client, therefore, court has power to acquit his client for lack of evidence.

Related Stories

ICCI President urges Prime Minister to revisit early market closure policy

byCT Report
23/04/2026

ISLAMABAD: President Islamabad Chamber of Commerce and Industry (ICCI), Sardar Tahir Mehmood, has urged Prime Minister Shehbaz Sharif to rationalize...

Pakistani banks see sharp rise in US dollar deposits despite SBP controls

byCT Report
23/04/2026

KARACHI: Pakistan’s banking sector has recorded a sharp rise in US dollar deposits despite strict controls imposed by the State...

Two IPOs approved for listing at PSX despite regional tensions

byCT Report
23/04/2026

KARACHI: The Securities and Exchange Commission of Pakistan has approved two more Initial Public Offerings for listing at the Pakistan...

KPRA distributes prizes of lucky draw of consumer rewards scheme

byCT Report
23/04/2026

PESHAWAR: Khyber Pakhtunkhwa Revenue Authority (KPRA) held prize distribution ceremony for its first lucky draw of consumer reward scheme to...

Next Post

Faisalabad I&I seizes smuggled clothes, tyres

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.