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 Karachi

Customs intelligence lodges FIR against M/s Zubair Steel

byCT Report
19/05/2017
in Karachi
Share on FacebookShare on Twitter

KARACHI: Directorate of Customs Intelligence & Investigation has lodged FIR against M/s Zubair Steel for evasion of government revenue on import of galvanized, electro galvanized and hot rolled, cold rolled steel sheets through mis-declaration of origin of goods.

Information was received from Director General I&I Shaukat Ali in the Regional Office, Karachi that M/s Zubair Steel was involved in huge evasion of duty and taxes on import of steel sheets of Korean and Mexican origin through submission of concocted House BLs and FTA Certificates to claim exemption of duty by showing origin of goods as China.

You might also like

KPT handles bulk wheat cargo at KGTML

29/10/2026

Pakistan expects $3b trade boost from maritime insurance relief

28/10/2026

The goods were actually supplied by Korean and Mexican suppliers and shipped directly from Korea and Mexico. However, in majority of Goods Declarations the port of shipment and origin is mis-declared as China on the basis of House BLs issued by Korean based freight forwarders.

Director I&I Enforcement Samina Wajid formed a team headed by Deputy Director Tauseef Gorchani and comprising Superintendent Fakhar Ali Shah and others to pursue the case.

In pursuance of the information, Customs I&I Karachi detected evasion of duty and taxes of Rs18.733 million on import of steel sheets  from Korea and Mexico by M/s. Zubair Steel, which were cleared against benefit of Pak-China FTA through submission of concocted House BLs issued by Korean based freight forwarders showing shipment of goods from China.

On retrieval of Master BLs from freight forwarders and shipping companies, shipments in respect of 10 consignments were directly made from Korea while one consignment was shipped from Mexico. The benefit of FTA was claimed through mis-declaration of origin as China on the basis of fabricated FTA certificates.

Out of 11 consignments, 10 were cleared from MCC, Port Muhammad Bin Qasim against 27 ex-bond GDs and one GD for home consumption while one consignment was cleared through MCC Appraisement (West), Karachi against six ex-bond GDs during the period November, 2014 to April 2017.

Related Stories

KPT handles bulk wheat cargo at KGTML

byCT Report
29/10/2026

KARACHI: Karachi Port Trust (KPT) informed that a bulk cargo of imported wheat weighing over 50 thousand metric tons has...

Pakistan expects $3b trade boost from maritime insurance relief

byCT Report
28/10/2026

ISLAMABAD: Pakistan expects commercial activity worth around $3 billion to benefit from reduced maritime insurance costs following the country’s removal...

Pakistan pays $16b in foreign loan interest over four years

byCT Report
28/10/2026

KARACHI: Pakistan has paid around $16 billion in interest on its foreign loans over the past four years, averaging approximately...

Pakistan loses Qatar-linked LNG terminal project at Port Qasim

byCT Report
27/10/2026

KARACHI: Energas, a consortium involving Lucky Group and QatarEnergy, has withdrawn from its plan to build a liquefied natural gas...

Next Post

Sargodha ASO seizes non duty paid Finisher Paver & vehicle

  • 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.