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Home Breaking News

Karachi I&I seizes smuggled goods worth Rs22b in FY2023-24

byCT Report
01/07/2024
in Breaking News, Karachi, Latest News, Slider News
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KARACHI: Regional Directorate of Customs Intelligence and Investigation (I&I) has registered 622 cases involving goods valued at Rs22 billion while the Directorate seized smuggled goods involving Rs3.165 billion in the previous year (2022-23).

Despite the doubling of cases, the value of seized goods has skyrocketed by seven times. This achievement underscores I&I Karachi’s focus on high-value goods to increase government revenue.

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Director Engineer Habib Ahmed, Additional Director Afzaal Ahmed Watto, Deputy Director Wasif Malik, Assistant Director, former Superintendent ASO Irshad Shah, and Superintendent ASO Khayam Mirza played vital role to curb smuggling.

Pakistan Customs, with the full support of Law Enforcement Agencies (LAEs) is vigorously pursuing an anti-smuggling campaign. The Regional Directorate of Customs Intelligence and Investigation (I&I) has intensified its efforts to combat fraudulent practices by ghost exporting units. These entities have been exploiting duty and tax exemptions.

The Export Facilitation Scheme, governed by SRO 492(I)/2009, allows registered exporters to import input goods without paying duties and taxes.

These imported materials are then used for manufacturing finished goods intended for export. However, recent investigations have revealed widespread abuse of this scheme by certain entities.

The Customs Intelligence team meticulously scrutinized data related to eight units suspected of irregularities, demonstrating their dedication to maintaining integrity and transparency in trade practices.

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