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Home Breaking News

Money laundering: Customs I&I files FIR against M/s Ehsan Importer & Exporter

byCT Report
07/10/2023
in Breaking News, Karachi, Latest News, Slider News
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KARACHI: Directorate of Customs Intelligence and Investigation (I&I) has registered an FIR against Anam Ullah of M/s Ehsan Importer & Exporter for committing fiscal fraud by electronically filing false and forged import documents and by misusing the Electronic Import Forms (EIFs) to declare significantly lower values than those at which goods were sold for export to Pakistan and then remitting the foreign exchange acquired from higher sale through non baking channels by way of money laundering.

Sources told Customs Today that information was passed through Director Engineer Habib Ahmad to Additional Director Afzaal Ahmad Wattoo regarding misuse of EIFs by the importer to defraud national exchequer. Assistant Director Saud Hasan constituted a team to pursue the case.

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The importer had repeatedly used different EIFs to clear the consignments, which is against the prevalent practice and procedure, whereby one EIF is used in one import transaction/GD only. The importer had concealed the original invoices and packing lists and instead uploaded falsified and fabricated invoices and packing lists, depicting much lower values.

Then the accused sold the goods at higher values and remitted the sale proceed through illegal channels by way of money laundering.

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