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

Customs Court issues notices on bail petitions filed by owner, manager of M/s ZY & Co

byM.B. Rana
26/09/2020
in Breaking News, Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: The Customs Court issued notices to the investigation officer and special prosecutor for customs department on after-arrest bail petitions filed by 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 are in jail in a case of smuggling 500 MT Vinyl Acetate Monomer worth Rs67,200,000 and duty and taxes are involved Rs17, 407, 286.

On 24 September 2020, counsel for the above mentioned suspects filed petitions for after-arrest bail and argued that prosecution has not single evidence against his clients and they have been falsely implicated in this case.

You might also like

Khunjerab becomes Trade Powerhouse as Pakistan earns Rs15b from Chinese imports

25/08/2026

PSW, PAA sign MoU to digitalize air cargo charge collection

25/08/2026

Counsel submitted that his clients are innocent and ready to submit surety amount against after-arrest bail, therefore, till final judgment, court may grant their bail.

Earlier, investigation officer submitted interim charge sheet and informed that 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 Monomer from bonded oil tank, therefore, customs officials have reached the same and during the examination recovered 500 Metric Tons vinyl acetate monomer worth Rs 67,200,000 from the spot.

According to the prosecution, case was registered by Habibullah Appraising Officer against the above mentioned 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.

Related Stories

Khunjerab becomes Trade Powerhouse as Pakistan earns Rs15b from Chinese imports

byCT Report
25/08/2026

LAHORE: Pakistan’s northern trade gateway witnessed record-breaking performance, with Customs authorities collecting nearly Rs15 billion in revenue from imports through...

PSW, PAA sign MoU to digitalize air cargo charge collection

byCT Report
25/08/2026

ISLAMABAD: The Pakistan Single Window (PSW) and the Pakistan Airports Authority (PAA) have signed a Memorandum of Understanding to digitalize...

State Bank reveals cost of printing Rs5,000, Rs1,000 currency notes

byCT Report
25/08/2026

KARACHI: Producing a Rs5,000 or Rs1,000 currency note costs Rs14, State Bank of Pakistan officials told the Senate Standing Committee...

Pakistan receives over $763m in external assistance in July

byCT Report
25/08/2026

ISLAMABAD: Pakistan received more than $763 million in external financial assistance during July, the first month of the current fiscal...

Next Post

LCCI polls: PIAF-Founder Alliance clean sweeps first phase

  • 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.