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

Money laundering: Customs I&I files FIR against M/s Ehsan Importer & Exporter

byCT Report
07/10/2023
in Breaking News, Karachi, Latest News, Slider News
Share on FacebookShare on Twitter

KARACHI: Directorate of Customs Intelligence and Investigation (I&I) has registered an FIR against Anam Ullah of M/s Ehsan Importer & Exporter for committing fiscal fraud by electronically filing false and forged import documents and by misusing the Electronic Import Forms (EIFs) to declare significantly lower values than those at which goods were sold for export to Pakistan and then remitting the foreign exchange acquired from higher sale through non baking channels by way of money laundering.

Sources told Customs Today that information was passed through Director Engineer Habib Ahmad to Additional Director Afzaal Ahmad Wattoo regarding misuse of EIFs by the importer to defraud national exchequer. Assistant Director Saud Hasan constituted a team to pursue the case.

You might also like

CCP approves acquisition of BASF Pakistan by Kemyion Chemical Solutions Trading FZCO

23/06/2026

Govt committed to women’s empowerment: Talal Chaudhry

23/06/2026

The importer had repeatedly used different EIFs to clear the consignments, which is against the prevalent practice and procedure, whereby one EIF is used in one import transaction/GD only. The importer had concealed the original invoices and packing lists and instead uploaded falsified and fabricated invoices and packing lists, depicting much lower values.

Then the accused sold the goods at higher values and remitted the sale proceed through illegal channels by way of money laundering.

Related Stories

CCP approves acquisition of BASF Pakistan by Kemyion Chemical Solutions Trading FZCO

byCT Report
23/06/2026

ISLAMABAD: The Competition Commission of Pakistan (CCP) here on Tuesday approved the proposed acquisition of the entire shareholding of BASF...

Govt committed to women’s empowerment: Talal Chaudhry

byCT Report
23/06/2026

ISLAMABAD: Minister of State for Interior Talal Chaudhry has said the Government of Pakistan remained firmly committed to women’s empowerment...

Pakistan receives 7th LNG cargo from Qatar amid regional energy concerns

byCT Report
23/06/2026

KARACHI: Pakistan received its seventh liquefied natural gas (LNG) cargo from Qatar on Monday as the government continues efforts to...

SBP cancels license of Time Exchange Company over regulatory violations

byCT Report
23/06/2026

KARACHI: The State Bank of Pakistan (SBP) has cancelled the authorization and license of Time Exchange Company (Pvt.) Limited with...

Next Post

ICCI, ICSTSI call for promoting ease of doing business

  • 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.