KARACHI: Directorate of Customs Intelligence and Investigation (I&I) has registered four FIRs against M/s Multi Garment & Print, M/s Atlantic Textile Private Limited and M/s Hometex Industries for smuggling goods from Karachi Export Processing Zone (KEPZ).
Sources said that Customs I&I Karachi has lodged FIRs against the above mentioned companies for smuggling the goods from Karachi Export Processing Zone into the tariff area without payment of duty and taxes.
Sources said that information was passed through Director General I&I Abdul Rasheed Shaikh regarding organized crime in Karachi Export Processing Zone (KEPZ). Director I&I Khalil Yousafani constituted a team comprising Additional Director Rana Tasleem, Deputy Director Tauseef Gorchani, Assistant Director Amjad Gaad and others.
During thorough examination it was revealed that massive mis-declaration and evasion of the duty and taxes had been committed by the above mentioned importers located within the KEPZ.
The investigation conducted so far shows that the units located in KEPZ import duty free items for processing these at KEPZ for subsequent export but instead of exporting, they consumed these in local market, causing huge revenue loss to exchequer in terms of leviable duty & taxes.