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

Adjudication-I issues ONO against M/s Universal Enterprises for misdeclaration

byAftab Channa
31/08/2016
in Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: Deputy Collector, Collectorate of Customs Adjudication-I, Moeen Afzal Ali has issued an Order-in-Original ONO against M/s Universal Enterprises Ltd for mis-declaration.

“ I have gone through the record of the case and verbal submission of the respondent advocate and department side. The importer imported privacy 400ML operation theater system large-lock connection in 18500 PCS under PCT heading 9018.3990 through Port Muhammad Bin Qasim at a unit value Euro 0.3415 per piece from Germany. It is evident from the history of the importers that a case of under valuation”, the DC stated in the ONO.

You might also like

Govt plans 7-year car installment scheme with loans up to Rs10m

14/05/2026

Railways ML-1 upgradation project to start this year, estimated cost set at $6.66b

14/05/2026

The importer failed to clarify as to on what basis they again mis-declared the value whereas their identical goods were released on Euro 1.0742 per piece on the basis of found invoice in the container at the time of examination. The importers however failed to come up with any tangible evidence and were also unable to refute the charges leveled by the department, according to ONO.

In view of the aforesaid M/s Universal Enterprises are held to have intentionally and willfully caused loss to the government exchequer amounting to Rs 605,651 by grossly mis-declaration of value as is evident from the history of the importer.

Now therefore, M/s Universal Enterprises is therefore called upon to show cause notice as to why evaded amount should not be recovered from you and penal proceedings should not be initiated against them for violation of above mentioned provisions of the law.

 

Related Stories

Govt plans 7-year car installment scheme with loans up to Rs10m

byCT Report
14/05/2026

LAHORE: The federal government is considering a major overhaul of auto financing rules that would allow long-term car installment plans...

Railways ML-1 upgradation project to start this year, estimated cost set at $6.66b

byCT Report
14/05/2026

ISLAMABAD: The Ministry of Railways has presented a detailed plan in the National Assembly for the upgradation of the 1,726-kilometre...

Federal capital needs proper representation in NFC Award: ICCI

byCT Report
14/05/2026

ISLAMABAD: President Islamabad Chamber of Commerce and Industry (ICCI) Sardar Tahir Mehmood has called for the immediate inclusion of Islamabad...

FBR plans AI-based system to detect false tax return data

byCT Report
14/05/2026

ISLAMABAD: The Federal Board of Revenue (FBR) is planning to introduce an AI-based tax monitoring system through the upcoming Finance...

Next Post

Customs Export directs M/s Al Raza Chemicals to pay evaded tax, duties

  • 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.