KARACHI: The Customs Court approved physical remand of suspect namely Ghulam Shoaib son of Khawaja M Yaqoob, owner of M/s ZY & Co and Umair Sabir son of Sabir Ali, manager of M/s ZY & Co, who were arrested in a case of smuggling 500 MT Vinyl acetate monomer (VAM) worth Rs67,200,000 and duty and taxes are involved of Rs17,407, 286.
On 9 September 2020, investigation officer Customs Enforcement & Compliance Karachi submitted first information report and stated that credible information was received through the collector Enforcement & Compliance to the effect that M/s Clover Pakistan with the connivance of M/s ZY & Co have illegally removed non-duty paid Vinyl acetate vonomer (VAM) from bonded oil tank.
He submitted that a team of customs officials reached the same and during the examination recovered 500 Metric Tons Vinyl acetate monomer worth Rs67,200,000 from the spot.
He argued that prosecution needs investigation from them for arrest of owner of M/s Clover Pakistan Limited and others, therefore, court may approve their physical remand.
After the hearing, court approved their remand and directed investigation officer to produce them on next date of hearing along with progress report.
According to the prosecution, case was registered against abovementioned suspects for violation of section 32 (A) 97, 98, 116 of the customs act, 1969 punishable under clauses 14A, 58, 59, 61 and 62 of section 156(1)ibid.
