KARACHI: The Directorate General of Internal Audit-Customs has detected at least Rs 6.438 billion short recovery/revenue leakages during fiscal year 2014-15 made by unscrupulous elements through Model Customs Collectorate Appraisement-West, East and Port Muhammad Bin Qasim.
In FY 2014-15, the Internal Audit officials have prepared a total of 97 audit reports and some 431 audit observations for the pointing out the revenue leakages and short recovery of the customs field formation/collectorates.
According to data, available with the Customs Today, the directorate of internal audit detected revenue leakages of Rs 979.872 million in July 2014 with 18 audit reports and 86 audit observations; Rs 478.662 million with 7 audit reports and 50 audit observations in August 2014; Rs 145.930 million with one audit report and 9 audit observations in September 2014; Rs 128.893 million with 6 audit reports and 33 audit observations in November 2014; Rs 1.226 billion with 40 audit reports and 63 audit observations in December 2014; Rs 1.884 billion with 10 audit reports and 81 audit observations in January 2015; Rs 916.527 million with 2 audit reports and 14 audit observations in February 2015; Rs 383.130 million with 6 audit reports and 31 audit observations in March 2015; Rs 247.360 million with 3 audit reports and 44 audit observations in April 2015 and Rs 47.799 million with 4 audit reports and 20 audit observations in June.
The sources told Customs Today that these audit reports and observations had already been forwarded to the collectorate for initiating recovery process. Besides, the annual report has also been forwarded to the high up.
