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

Appraisement East submits FIR against M/s Younus Sons & M/s Shafi Dyeing in mis-declaration scam

byM.B. Rana
30/09/2020
in Breaking News, Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: The Customs Court approved physical remand of suspect namely Muhammad Fazal Noorani, proprietor of M/s Younus Sons, who was nominated in FIR for submission of fabricated invoice to evade legitimate government revenue.

On 28 September 2020, investigation officer submitted first information report (FIR) against the above mentioned suspect and Shaukat Ali, proprietor Shafi Dyeing and informed that during the course of audit/driver to nab the tax evaders, it has been found that M/s Shafi Dyeing imported a consignment said to contain reactive ink, assorted colors for textile printing with declared net weight 10,000 kg and declared value US$ 30,000 from Hong Kong and filed goods declaration though their authorized clearing agent M/s Younus Sons and paid the duties and taxes as per self-assessment made under HS Code 32-4.1600.

You might also like

Gold price jumps Rs5,700 per tola

22/08/2026

PVARA completes Pakistan’s Virtual Asset Framework, opens licensing portal

22/08/2026

He further informed the court that however, during the scrutiny of matte reveals that rate of duties and taxes are on higher side as compared with the paid duties and taxes under PCT 32.0.1990, it has been proved that above mentioned importer with the connivance of their clearing agent has mis-declared PCT heading of the goods while filing impugned GD by submitting fabricated documents and has committed an offence of deliberate evasion of revenue as defend under section 32 of the customs act, 1969, the evasion of duties and taxes in the subject case are amounting to Rs2,617,557.

He stated that FIR is lodged accordingly for in-depth investigation into the matter and to unearth the actual culprits involved in clearance of the consignment by submitting manipulated/ fabricated documents with deliberate mis-declared to evade legitimate revenue.

After the hearing, the court approved the above mentioned suspect and directed the investigation officer to produce him on the next date of hearing along with a progress report.

Related Stories

Gold price jumps Rs5,700 per tola

byCT Report
22/08/2026

KARACHI: Gold prices surged in both international and domestic markets, with the price of gold rising by $57 per ounce...

PVARA completes Pakistan’s Virtual Asset Framework, opens licensing portal

byCT Report
22/08/2026

ISLAMABAD: Pakistan’s Virtual Assets Regulatory Authority (PVARA) has opened its licensing portal for virtual asset service providers. The move completes...

KP approves Digital Payment Act to promote cashless economy

byCT Report
22/08/2026

PESHAWAR: The Khyber Pakhtunkhwa government has approved the Khyber Pakhtunkhwa Promotion of Digital Payment Act 2026, aiming to promote digital...

Aurangzeb, SRF delegation, discuss investment opportunities, economic cooperation

byCT Report
22/08/2026

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb held a meeting with a high-level delegation of the Silk...

Next Post

FBR offices to remain open till 10 pm today for tax collection

  • 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.