LAHORE: Investigation & Prosecution Cell of Model Customs Collectorate, Customs House Lahore has registered an FIR against Masers Corvet Net Works and M S & Company, a clearing agency for misrepresenting value of imported equipment to evade customs duty.
According to details, the business concerns evaded Rs 832,582 on import of Rs 4.2 million consignment of four networking equipment of 164 kg from UAE.
The business owner declared the goods under WeBOC system at $10,012 instead of $38,281, a source said, adding that total value in Pak rupees of the imported equipment was Rs 4,234,242 while its tax value was Rs 832,582.
The incident took place at the air freight unit and the Customs officials lodged FIR under various sections of Customs Act 1969.
