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Home Breaking News

Mis-declaration: Lahore Adjudication imposes penalties on Zaniq Green & FK Enterprises

byCT Report
31/05/2024
in Breaking News, Lahore, Latest News, Slider News
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LAHORE: Collectorate of Customs Adjudication Lahore Collector Saira Agha held the importer M/s Zaniq Green and directed confiscation of the goods. However, certain goods can be redeemed on payment of 20 percent redemption fine.

Besides Rs200,000 each is imposed as personal import on importer M/s Zaniq Green and clearing agent M/s FK Enterprises. There are two such adjudication orders, therefore the total penalty comes to Rs400,000 each.

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It is pertinent to mention here that M/s Zaniq Green attempted to clear high value goods in the garb of low value tyre scrap. As per modus operandi, high value goods were imported and mis-declared as tyres scrap, they these consignments were transshipped to Lahore dry port.

Then these high value goods including electronics, laptops, mobile phones and vapes etc. are cleared as scrap thus causing huge revenue loss to the national exchequer.

Collectorate of Customs Appraisement West Lahore has filed an FIR against the importer M/s Zaniq Green.

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