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Home Karachi

Appraisement East lodges FIR against M/s M.I Traders & others over tax evasion

byM.B. Rana
15/11/2018
in Karachi, Latest News, Slider News
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KARACHI: The Customs Court directed investigation officer of Appraisement East to complete investigations and submit charge-sheet against seven importers, who were booked in mis-declaration and evasion of duty and taxes worth Rs8,204,317.

On November, 14, 2018, investigation officer submitted First Information Report (FIR) against importers namely owners/partners of M/s M.I Traders, Muhammad Ilyas, partner of M/s M. I Traders, Muhammad Naeem, Muhammad Saleem, Muhammad Hanif, Noor Ahmed, owners/partners/directors of M/s Nadeem & Company, owner/ partner of M/s Nadeem Shamim and others.

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He argued that the above-mentioned importers imported a consignment and declared as description of 17, 269 kilograms of hazelnut spread (nutella) C&F value of Rs2,627,676 and 2351.70 kilogram of crisp coconut whole almond raffaelo C&F of Rs298,192 and paid duty and taxes of Rs2,358,951, however during the search, customs officials found 17,356.42 kilograms of hazelnut spread (nutella) C&F value of Rs10,055,422 and 2398.52 kilogram of crisp coconut whole almond raffaelo C&F value of Rs3,046, 468 in which they had to pay duty and taxes of Rs10,563,267.

He argued that they submitted fake and forged documents showing under invoiced/suppressed transaction value of goods; therefor, a case was registered against them and prosecution is trying its best to arrest all of them and will be produced before the court when arrested.

After hearing, the court took the FIR into court record and directed him to complete investigation and submit challan on next date of hearing.

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