KARACHI: The Customs Court has approved progress report against owners/ proprietor/ partners/ beneficiaries of M/s SAS Pvt Ltd, Imran Ali slias Ali, owners/ proprietor/ partners/ beneficiaries of M/s Progressive Enterprises, clearing agent and others, who were nominated in FIR for mega mis-declaration.
On 7 June 2021, during the hearing, investigation officer of Intelligence & Investigation-FBR submitted progress report and informed the court that the above-mentioned suspects are involved in generation and utilization of proceeds of crime by way of illegal removal of imported goods which were meant for Karachi Export Processing Zone and smuggling/ illegal import of betel nuts (Areca) and foreign origin ladies and gents suiting fabric under the garb of import of used clothing.
He further informed the court that in this way, the accused persons generated and utilized proceeds of crime worth Rs118,560,349 including value of the impugned goods amounting to Rs79,071,861 and evasion of legitimate government revenue in the form of duty and taxes to the tune of Rs39,488,488 by illegally/ fraudulently removing foreign origin fabric form KEPZ to tariff area.
After the hearing, the court approved progress report and adjourned the matter for regular hearing. Case was registered complaint by Muhammad Abid, Intelligence & Investigation-FBR Karachi.
