Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

Mis-declaration: Customs court seeks progress report against M/s Amir & Co and others

byM.B. Rana
28/01/2021
in Breaking News, Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: The Customs Court directed Investigation officer of Collectorate of Customs Port Muhammad Bin Qasim Karachi to submit progress report against owner/ partners of M/s Amir & Co and others, who were nominated in a case for mis-declaration and concealment of actual description, specifications and constituent material to deceive application of correct assessable value.

On 26 January 2021, investigation officer informed that on actionable information, customs goods declaration was selected of above-mentioned importer through system from examination and on examination, the declare description and part number were verified and spark plugs for four wheelers and motorcycle were assessed on available valuation ruling which was meant for non-iridium carbon tips spark plugs.

You might also like

DG Valuation sets new customs values for imported almonds vide VR No.2065/2026

15/04/2026

Gas prices may surge as LNG imports halt after strait disruption

15/04/2026

Investigation officer further submitted that during the investigation, it was established that the above-mentioned importer with active connivance of his clearing agent has mis-declared the description by not declaring the correct information regarding constituent material of spark plugs tip aiming to defraud the national exchequer of its legitimate revenue to the tune of Rs44, 435, 621 willfully and with malafide intention on account of customs duty and other taxes.

According to the prosecution, case was registered against the above-mentioned for violation of under section 32 (1) & (2), 32A, 79, 192 & 209 of the customs act, 1969, read with sections 3. Of the sales tax act, 1990 and section 148(I) of the income tax ordinance, 2001 punishable under clauses 14, 14A 45 & 86 of section 156 (I) of the customs act, 1969 and allied laws.

Related Stories

DG Valuation sets new customs values for imported almonds vide VR No.2065/2026

byCT Report
15/04/2026

KARACHI: The Directorate General of Customs Valuation released Valuation Ruling No. 2065/2026, superseding the previous ruling issued in December 2024....

Gas prices may surge as LNG imports halt after strait disruption

byCT Report
15/04/2026

ISLAMABAD: The impact of the Strait of Hormuz closure is beginning to reach Pakistan, as 22 LNG cargoes expected have...

IT leads list as SECP registers 2,993 companies in March 2026

byCT Report
15/04/2026

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 2,993 new companies in March 2026, showing an 11% increase...

Special business passport on cards to ease investment flow: Naqvi

byCT Report
15/04/2026

ISLAMABAD: Federal Interior Minister Mohsin Naqvi indicated that the government is considering issuing special passports for members of the business...

Next Post

Asian markets a sea of red as virus woes add to correction fears

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.