Fake Form-E used in gold exports causing colossal loss of foreign exchange to national exchequer
KARACHI: The Model Customs Collectorate (MCC) Port Muhammad Bin Qasim-Exports has not responded so far to the preliminary report sent by the Customs Directorate General of Internal Audit over using of fake Form-E in export of gold.
Sources informed Customs Today that the Directorate General of Internal Audit has sent a preliminary report to the authorities concerned of Port Muhammad Bin Qasim-Exports in which it highlighted the names of nearly about 100 gold exporters who used fake Form-E in export of gold to foreign countries and caused a huge loss of foreign exchange to the country.
They further informed this scribe that the collectorate after getting the preliminary report was reluctant to register FIRs against all the exporters who are involved in exporting gold on fake Form-E.
According to the available details, the authorities concerned of the collectorate have registered a few FIRs against certain exporters, including Saani Impex, BD Enterprises and Rubab Corporation, while the rest of the exporters are still availing immunity from any legal proceedings by the authorities concerned of Port Muhammad Bin Qasim-Export.
“The prevailing situation on one hand discourages the tireless efforts of the authorities concerned of Internal Audit, while on the other hand, it is encouraging the criminal elements to continue their illegal activities without fear of any legal proceedings by the customs,” sources added.
It is pertinent to mention here that the same preliminary report has been sent to the authorities concerned of the Federal Board of Revenue (FBR) but they also could not take any effective step in order to ask the authorities concerned of Port Muhammad Bin Qasim-Exports about the status of legal proceedings carried out against the exporters who were nominated in the report made by the Customs Internal Audit.
