KARACHI: Customs Adjudication Additional Collector Shafique Ahmed Latki has charged an importer, agent and investor in mis-declaration case and imposed Rs 1 million fine on them.
The additional collector charged M/s IAS Trading, M/s United International Industries and M/s Shan Corporation for mis-declaration to evade Rs1.657 million duty and taxes.
As per details, the importer, M/s IAS Trading, filed goods declaration through their agent M/s Shan Corporation for clearance of goods from the unit of M/s United International Industries in the Export Processing Zone (EPZ) Karachi to tariff area.
The importer gave vague description in goods declaration by declaring consignment was consisting of assorted paper board all sorts recovered from imported reject material/waste material. The importer attempted to seek clearance under PCT 4810.2900 at $117/MT. The GD was, however, assessed at $310/MT.
On suspicion, the consignment was re-examined and one-sided coated duplex board manila back and aluminium foil backed with paper were found, which were not declared in the GD. Through this mis-declaration, the importer in connivance with agent and investor attempted to evade a sum of Rs1.657 million.
Additional Collector Shafique Ahmed charged the accused and ordered M/s IAS Trading to deposit the evaded amount of duty/taxes of Rs1.657 million and imposed a penalty of Rs200,000 on it. Moreover, a penalty of Rs400,000 was also imposed each on agent M/s Shan Corporation and investor M/s United International Industries.
