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

Mis-declaration: Appraisement West registers FIR Against M/s Farid Traders

byCT Report
06/12/2024
in Breaking News, Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: Collectorate of Customs Appraisement West has filed an FIR against M/s Farid Traders for mis-declaration of imported goods aimed to evade government revenue.

According to details, M/s Farid Traders, located at House No. 3761, Mughla PO, Chowk Yadgar, Peshawar, and 25, MID City Mall, Murree Road, Rawalpindi, filed Goods Declaration (GD) No. KAPW-HC-80790-25-11-2024 for the clearance of a consignment declared to contain 21,610 assorted jackets valued at $0.25 each, totaling $5,402 (equivalent to PKR1,534,012).

You might also like

RCCI celebrates World Egg Day 2026

24/10/2026

Federal govt approves $200m World Bank reform programme for KP

24/10/2026

On the directives of Collector Naveed Elahi, Deputy Collector R&D Saima Butt directed detailed examination of the consignment. The inspection, conducted on November 29, 2024, revealed significant discrepancies between the declared and actual contents.

The detailed packing list was scanned and the physical examination revealed that the importer had mis-declared the description and quantity of goods. M/s Farid Traders manipulated the quantities of men’s and boys’ jackets, which have higher valuation, by switching them with lower-valued children’s jackets.

The mis-declaration resulted in an initial assessment of duties and taxes amounting to Rs7,799,399. However, upon correct assessment according to valuation rulings No. 1776 and 1777 of 2023, the duties and taxes were recalculated to Rs9,981,299, highlighting an attempted evasion of Rs. 2,181,900.

An official noted that this incident reflects a broader trend of mis-declaring adult clothing as children’s clothing to evade duties. The official also suggested that valuation rulings should be based on the weight of clothes to prevent such evasions.

Under Section 79(1) of the Customs Act, 1969, importers are required to file true declarations. M/s Farid Traders’ failure to comply with this legal requirement, coupled with their intent to deceive customs officials and evade duties, led to the FIR being registered.

Related Stories

RCCI celebrates World Egg Day 2026

byCT Report
24/10/2026

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI), in collaboration with SB Eggs, celebrated World Egg Day 2026 at...

Federal govt approves $200m World Bank reform programme for KP

byCT Report
24/10/2026

ISLAMABAD: The federal government has approved a concept proposal for a $200 million World Bank-funded reform programme in Khyber Pakhtunkhwa....

FBR allows monthly tax instalments on imported phones

byCT Report
24/10/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has allowed eligible individuals in Pakistan to pay sales tax on imported mobile...

Dimer-Bhasha Dam: Chinese JV gets Rs133.18bn contract

byCT Report
24/10/2026

ISLAMABAD: The Water and Power Development Authority (WAPDA) has awarded a major hydro-mechanical contract for the Diamer-Bhasha Dam project to...

Next Post

Port Qasim Authority allows PIBT coal handling at alternate wharves

  • 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.