KARACHI: Port Qasim Customs has served a contravention report on M/s K.M Steel Mills for attempting to evade duty and taxes through mis-declaration of the imported goods in terms of description, quantity, classification and value.
According to the details, M.s K.M Steel Mills imported a consignment said to contain iron and steel remeltable scrap and filed GD through their agent M/s Rauf Brothers.
The status of importer is green channel. However, in order to check as to whether the importer has correctly paid the legitimate amount of duty and taxes, the GD was selected for scrutiny and referred to examination. The system randomly selected three containers for physical examination and revealed huge mis-declaration in description of the goods, the rest 22 containers of the consignment was also examined.
The importer in connivance with clearing agent has deliberately mis-declared the description and classification of the imported goods and had this act of fraud gone undetected, the exchequer would have suffered a loss of Rs23.59 million. All the containers have been seized and contravention report has been served on importer.
Sources said MCC Port Qasim has approached Chief collector Abdul Rasheed Sheikh seeking permission to lodge an FIR against the accused importer and clearing agent.
