KARACHI: The Customs Court approved interim charge sheet against proprietors/ owners/ partners of M/s Zubair Steel, owners/ directors/ partners of M/s Raja Shakeel Traders, owners/ directors/ partners of Royal Steel, owners/ directors/ partners of M/s Cosmos Trading Development, officers/ officials of Customs Appraisement West, Export Processing Zone Authority (KEPZA) and others.
On 21 April 2021, investigation officer appeared before the court and submitted progress report and informed that during the initial investigation, it was established that the above mentioned accused persons reportedly involved in transfer of foreign exchange amounting to US$439,300.00 against 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 argued that efforts are underway to arrest the nominated accused persons nominated in the FIR, further investigation are in progress, consequent upon approval of the competent authority.
After the hearing, court has taken charge sheet against above mentioned suspect and adjourned the hearing for regular proceedings.
