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Home Breaking News

Customs Intelligence lodges FIR against M/s Khurram Steel Mills, M/s Unique Enterprises

byCT Report
07/08/2017
in Breaking News, Karachi, Latest News, Slider News
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KARACHI: A credible information was received in the Directorate General, Intelligence & Investigation-FBR that M/s. Khurram Steel Mills (NTN-1551603), Gujranwala, Syed Muhammad Rizwan, Proprietor, M/s.Unique Enterprises (CHAL#1066) in collusion with their other accomplices are involved in smuggling/fraudulent import/clearance of fan belts (4010.3100) and polyester fabrics (5407.5400) from UAE in the garb of iron and steel remeltable scrap (HS Code 7204.4990), from Model Customs Collectorate, PMBQ, Karachi. Ms. Samina Tasleem Zehra, Director (Enforcement) asked Syed Ali Zaman Gardezi, the Additional Director to personally supervise the matter.

In order to investigate, the Commercial Counselor, Pakistan Embassy, Dubai (UAE) was approached by the Directorate General to procure from the Dubai Customs, copies of Goods Declaration and other related documents of the consignments shipped from Jebel Ali (UAE) to the above named importers.

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In the first instance, the Commercial Counsellor, Consulate General of Pakistan, Duabi (UAE), has supplied certified documents about the containers imported therefrom by the above named importers which were cleared through Green Channel from MCC, PMBQ, Karachi.

In view of the above, it stands established beyond doubt that  Khurram Iqbal of M/s. Khurram Steel Mills (NTN-1551603), Gujranwala, Syed Muhammad Rizwan, Proprietor, M/s.Unique Enterprises (CHAL#1066) in collusion with their other accomplices  have smuggled POLYESTER FABRIC and FAN BELTS into Pakistan and fraudulently cleared the same in the garb of import of iron/steel remeltable scrap from MCC, PMBQ, Karachi against above mentioned Goods Declarations.

Offending value of the actual goods has been worked out to Rs.20,241,313/- involving evasion of duty/taxes Rs. 13,036,512/-(CD:Rs. 4,023,462/-, ACD: Rs. 12,578/-, RD:Rs. 948,943/-, ST:Rs. 4,119,011/-, AST: Rs.864,397/-  &  WHT: Rs. 3,068,121/-), which are recoverable from the importer.

Thus, they have inflicted colossal loss to public exchequer by evading leviable duty and taxes. Hence they have, individually & collectively, violated the provisions of Section 2(s)(ii),16, 32(1) & (2), 32A, 79(1) of the Customs Act, 1969 punishable under Section  156(1)(8)(9)(14)(14A)(43) & 156(2) ibid readwith Section 3,6,7A, 33, 34 of the Sale Tax Act, 1990, further read with Section 148 of the Income Tax Ordinance, 2001. FIR has been lodged and the role of other accomplices-in-crime is being ascertained.

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