KARACHI: The Appraising Intelligence Branch (AIB) of Customs Collectorate Appraisement West has detected illegal clearance of tyres and tubes by using wrong PCT Heading, causing a loss of Rs 90 million to the national exchequer, it is learnt here.
Collector Appraisement West Dr Farid Iqbal Qureshi directed AIB to scrutinize the post clearance data of tyres and tubes imported from India.
Following the directives, the AIB started the scrutiny of the post clearance import data from 2012 to 2015. Scrutinizing the above-mentioned data, the Customs authorities found that the importers, including M/s Standard Enterprises, M/s Waheed Limited and M/s Pak Tyres Corporation, were involved in tax evasion of Rs 90 million altogether.
The authorities found that the importers had cleared around 100 consignments from 2012 to 2015 while using wrong PCT Heading. The Customs authorities have formed contravention reports against the importers M/s Standard Enterprises, M/s Waheed Limited and M/s Pak Tyres Corporation for trying to damage the national exchequer.
