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Home Breaking News

I&I-FBR submits FIR against M/s Chief Enterprises causing huge loss to govt exchequer

byM.B. Rana
18/02/2021
in Breaking News, Karachi, Latest News
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KARACHI: The Customs Court directed investigation officer of Intelligence & Investigation-FBR to complete investigation and submit progress report against Mansoor Raza of M/s Chief Enterprises, booked for mis-declaration and fiscal fraud through submission of fake, fabricated and false documents aimed at availing inadmissible exemptions of 5th schedule-11, to the sales tax act, 1990, causing huge loss to the government exchequer.

On 15 February 2021, during the hearing, counsel for the petitioner stated that it has been established without any shadow of doubt that the above mentioned importer in active and engineered connivance and collusion  with other associates-crime have indulged in deliberate and engineered mis-declaration, fiscal fraud through submission of fake, fabricate and false document and claiming inadmissible exemptions under 5th schedule part-I ICI, to the customs act, 1969 and 6th schedule-113, to the sales tax act, 1990 to evade duty and taxes amounting to Rs2,228,227.

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He submitted that other consignments got cleared by M/s Chief Enterprises previously are also being scrutinized by this directorate to take necessary action therein too in accordance with law, role of Nazim Raza in process of clearance of the goods declaration in WeBOC system, which is duly recorded therein, will also be ascertained during the course of investigation,

Investigation officer submitted that efforts are underway to arrest the nominated accused persons mentioned in column no 4 in the FIR, further investigation is in progress, role of the other associates in crime is also being ascertained, therefore, FIR of the case is lodged accordingly.

After the hearing, court takes FIR into court record and directs investigation officer to complete investigation and submit progress report for next date of hearing.

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