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DG Internal Audit Rubina Wasti seeks audit reports of gold import/export for 2011-2014

bySohail Rab
08/04/2015
in Karachi, Latest News, Slider News
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KARACHI: As per the directives issued by the Federal Board of Revenue (FBR), the Directorate General of Internal Audit-Customs Director General of Rubina Wasti — through a letter to the Enforcement-South Chief Collector Muhammad Nazim Saleem — has sought audit reports in respect of import and export of precious metals including gold and others by the importers and exporters under SRO266 (I)/2001 for the period of 2011 to 2014.

According to details, the DG Internal Audit Rubina Wasti in her fresh move on the directives of Federal Board of Revenue (FBR) has sought clearance data of gold and other precious metals from the period of 2011 to 2014 by the Export Collectorates i.e. MCC-Exports and MCC-Port Muhammad Bin Qasim-Exports.

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In the letter, the DG Internal Audit is of the view that the authorities concerned of the directorate have found that the fake E-forms have been submitted by the various exporters in exporting the gold and other precious metals during the time period from the year 2011 to 2014.

The letter further stated that the Internal Audit detecting use of fake E-forms in export of precious metals under SRO 266(I)/2001 and non-receipt of foreign remittances worth Rs 86 billion.

It further stated that the Directorate General of Internal Audit-Customs has also initiated audit of some gold exporters including M/s Rubab Corporation, M/s Saani Impex and M/s BD Enterprises and issued letter followed by the subsequent reminders to the assistant/deputy collectors of AFU Exports and assistant collector-AFU MCC Preventive, JIAP for production of relevant record pertaining to import and export of gold made by these entities.

The DG Internal Audit in her letter also hoped that similar action as the pattern of Internal Audit will also be initiated by the relevant Collectorates i.e. MCC-Exports and MCC-Port Muhammad Bin Qasim-Exports against all other delinquent importers/exporters as per information.

The DG Internal Audit-Customs Rubina Wasti further stated that the Directorate General is conducting a countrywide audit into this mega scam and it would not be out of place to request the Board to direct all relevant collectorates to provide the requisite record pertaining to the importers/exporters in the said scheme to proceed further in the matter.

It is pertinent to mention here that the DG Internal Audit-Customs has also written a letter to Trade Development Authority of Pakistan (TDAP) seeking details of authorization of imports/exports in respect of the above three entities. However; the response from TDAP as well as Customs authorities is still awaited, sources added.

 

 

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