KARACHI: The Customs Court directed investigation officer of directorate general of Intelligence & Investigation Customs to complete investigation and submit progress report against proprietors/ owners/ partners of M/s Zubair Steel, owners/ directors/ partners of M/s Raja Shakeel Traders, owners/ directors/ partners of M/s Royal Steel, owners/ directors/ partners of M/s Cosmos Trading Development, officers/ officials of MCC Appraisement West, MCC Export Processing Zone Authority (KEPZA) and others.
On 9 April 8 2021, investigation officer submitted FIR and informed the court that during the initial investigation, it was established that the above mentioned accused persons reportedly against unauthorized transfer of foreign exchange amounting to US$439,300.00 from Pakistani resources on behalf of M/s Royal Steel, Karachi, under the garb of import of the EPZ Cargo from KEPZ into Pakistan.
He further submitted that they have evaded huge amount of government’s legitimate revenue to the tune of Rs24, 650, 658 through gross mis-declaration of description, quality, PCT Heading, origin and value of the impugned goods supported with the false and fabricated import documents and false statements, undoubtedly, it constitutes, fiscal fraud, smuggling, evasion of duties and taxes and un-authorized flight of precious foreign exchange from Pakistan in terms of mandatory provision of customs act, 1969.
Investigation officer argues that efforts are underway to arrest the nominated accused persons of the FIR, further investigation are in progress, consequent upon approval of the competent authority.
After the hearing, court took FIR into court record and directed investigation officer to complete investigation and submit progress report for next date of hearing.
