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 Breaking News

Customs Court grants bail to owners of M/s Younus Sons & M/s Shafi Dyeing in mis-declaration scam

byM.B. Rana
18/12/2020
in Breaking News, Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: The Customs Court granted bail to suspects namely Muhammad Fazal Noorani, proprietor of M/s Younus Sons and Shoukat Ali proprietor of M/s Shafi Dyeing, who were nominated in first information report (FIR) for submission of fabricated invoice to evade legitimate government revenue.

On 16 December 2020, above mentioned suspects were appeared before the court along with their counsel and moved application for bail and argued that their clients are innocent and have been falsely implicated in this case, who are ready to face trial, therefore, the court may grant their bail till final judgment in this case.

You might also like

SAARC chief urges turning South Asia’s challenges into opportunities

24/04/2026

DG Valuation revises import values for PVC, PU coated vide VR No.2068/2026

24/04/2026

After the hearing, the court granted bail against the surety of Rs300,000 each and directed them to appear before the court on the next date of hearing for confirmation or otherwise.

Earlier, investigation officer had submitted progress report and informed that during the course of audit to nab the tax evaders, it has been found that M/s Shafi Dyeing imported a consignment said to contain reactive ink, assorted colors for textile printing with declared net weight 10,000 kg and declared value US$ 30,000 from Hong Kong and filed goods declaration though their authorized clearing agent M/s Younus Sons and paid the duties and taxes as per self-assessment made under HS Code 32-4.1600.

He further informed the court that however, during the scrutiny of the matte reveals that rate of duties and axes are on higher side as compared with the paid duties and taxes under PCT 32.0.1990, it has been proved that above mentioned importer with the connivance of their clearing agent has mis-declared PCT heading of the goods while filing impugned GD by submitting fabricated documents and has committed an offence of deliberate evasion of revenue as defend under section 32 of the customs act, 1969, the evasion of duties and taxes in the subject case are amounting to Rs2,617,557.

He stated that FIR is lodged accordingly for in-depth investigation into the matter and to unearth the actual culprits involved in clearance of the consignment by submitting manipulated/ fabricated documents with deliberate mis-declared to evade legitimate revenue.

Related Stories

SAARC chief urges turning South Asia’s challenges into opportunities

byCT Report
24/04/2026

ISLAMABAD: President of the SAARC Chamber of Commerce and Industry, Chandi Raj Dhakal, has emphasized that South Asia’s economic and...

DG Valuation revises import values for PVC, PU coated vide VR No.2068/2026

byCT Report
24/04/2026

KARACHI: The Directorate General of Customs Valuation has revised customs values for imports of PVC, PU and other coated fabrics...

PM clears NBP’s long-awaited Rs35 per share dividend

byCT Report
24/04/2026

ISLAMABADI: National Bank of Pakistan has received approval for its long-delayed dividend payout after Prime Minister Shehbaz Sharif cleared the...

SBP eases import financing rules for oil & LNG amid geopolitical crisis

byCT Report
24/04/2026

KARACHI: The State Bank of Pakistan (SBP) has revised key foreign exchange instructions to facilitate the import of crude oil,...

Next Post

Legislation finalized; industries must limit mercury usage to 1 ppm by Jan 1: Zartaj Gul

  • 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.