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 I&I detects Rs189m tax evasion by M/s United Int’l Industries & M/s IAS Trading

byM. Faizan
24/10/2018
in Breaking News, Islamabad, Latest News, Slider News
Share on FacebookShare on Twitter

ISLAMABAD: During a successful operation, Customs Intelligence and Investigation (I&I) seized smuggled goods worth Rs189 million from Karachi Export Processing Zone (KEPZ).

According to details, Director General Shaukat Ali had received information to the effect that standard/prime quality paper products were being smuggled from Karachi Export Processing Zone to tariff area under the garb of “recovered and upgraded items from waste/scrap”.

You might also like

Pakistani olive oil brand wins gold medal at London competition

03/07/2026

Abbasi meets Gujrat Chamber delegation

03/07/2026

On tip-off, Customs Intelligence intercepted four trucks bearing registration no: LS-3273, JT-0898, K-2169 and JU-2980, loaded with 22 reels of various types of paper, near Mehran Highway. The goods were being imported into the tariff area by M/s. IAS Trading, Karachi (NTN No. 02-01-1338800) from M/s. United International Industries, KEPZ, vide GD No. KEPI-HC-1607, under the vague description of “recovered, upgraded color paper/sheets in various cut to sizes imported from rejects/waste/stock lot material”.

The staff of Customs Exports (Port Qasim) had confirmed the above-reproduced declaration during examination and had finalized the assessment under single value of $ 0.410/kg – total being US$ 19,800/-.

The fifth truck mentioned on the GD could not be intercepted along with the other four on the night of same day, despite hectic efforts. Detailed examination of the goods resulted into the recovery of standard/new reels of offset paper, carbonless paper and craft (bleach) paper instead of the aforesaid declaration. Preliminary investigations revealed that the fifth truck carrying the remaining goods was off loaded at a private godown situated at Plot No.25-A, Bhutto Nagar, Landhi Industrial Area, Karachi.

Accordingly, the godown was searched in terms of Section 162 of the Customs Act, 1969, which led to the recovery of huge quantities of various standard/new/prime quality products/items (such as multiple types coated and uncoated paper, BOPP and PVC film, plastic moulding compound, diapers etc).

Resultantly, Customs Port Muhammad Bin Qasim, the importer and the godown owner were asked to provide copies of all GDs filed for import of goods from KEPZ to tariff area as well as evidence of their entry into the godown.

Furthermore, KEPZ Authority was requested to provide import/ export record/ profile of M/s. United International Industries (exporter of goods in KEPZ) and the list of machinery installed in the unit. All the letters and subsequent reminders remained largely un-responded except one reply received from M/s. IAS Trading, Karachi (importer in tariff area) where under copies of random eighty four (84) GDs filed during the period 2013-18 in relation to the recovered goods were provided.

However, the above-mentioned eighty four (84) GDs were found irrelevant when compared with the recovered goods. Cumulative value of the seized goods works out to Rs189.72 million.

FIR of the case has been lodged and further investigations are in progress including ascertainment of the role of customs staff involved in the clearance of these goods.

Related Stories

Pakistani olive oil brand wins gold medal at London competition

byCT Report
03/07/2026

LONDON: A Pakistani premium olive oil brand has brought international recognition to the country after winning a gold medal at...

Abbasi meets Gujrat Chamber delegation

byCT Report
03/07/2026

ISLAMABAD: Federal Minister for Railways Muhammad Hanif Abbasi on Friday met with a delegation of the Gujrat Chamber of Commerce...

FBR tightens monitoring of bonded POL warehouses to prevent unauthorised fuel movement

byCT Report
03/07/2026

LAHORE: The Federal Board of Revenue (FBR) has tightened monitoring of public bonded warehouses handling petroleum, oil and lubricants (POL)...

PM Shehbaz hails FBR for surpassing historic revenue target

byCT Report
03/07/2026

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Thursday lauded senior officers of the Federal Board of Revenue (FBR) for surpassing...

Next Post

Customs Court seeks final charge-sheet in betel nuts smuggling case

  • 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.