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 Karachi

Tax evasion: Customs Court seeks charge sheet against M/s Iffat Enterprises & M/s Akhtar & Sons evasion case

byM.B. Rana
14/11/2019
in Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: The Customs Court directed investigation officer to complete investigations and submit charge sheet against Hassan Raz, proprietor of M/s Iffat Enterprises and owner/ partners of M/s Akhtar & Sons and other to be ascertained during the course of investigation, who were booked in a case of evasion of duties and taxes in the tune of Rs6,825,718.

On November 12, 2019, investigation officer of Appraisement East submitted that the above mentioned suspects with active connivance of their clearing agent has committed mis-declaration in goods imported dated 15/10/2019, on checking WeBOC system, it is learnt that the goods declaration has been examined and is presently under process of assessment, the goods declaration has been intercepted and a joint examination of the goods by R&D with shed staff has been ordered on physical examination, the information found correct.

You might also like

Power demand rises as heat intensifies; LNG cargoes sought to avert load-shedding

20/04/2026

Pakistan upsizes Eurobond issuance to $750m amid ‘strong investor demand’

20/04/2026

He further submits that during the investigation, it is established that above mentioned suspects committed mis-declaration as defined under section 32 & 32A of the customs act, 1969 thus, accused importer and their accomplice have violated the provisions of section 2 (s) 32 (1) & 32(A) and 79 of the customs act, 1969, further read with section 3, 6 7A, 33 and 34 of the sales tax act, 1990 punishable under clauses 8 (i) 14, 44 and 45 of the section 156 (1) of the customs act, 1969 read with relevant laws, in order to evade Rs. Rs. 6,825,718 legitimate government revenue.

He further argued that consequent upon approval from the competent authority, this FIR is lodged accordingly for in-depth investigation into the matter and to unearth the actual culprits involved in attempt to evasion of duty and taxes.

After the hearing, directed investigation officer to complete investigation and submit charge sheet on next date of hearing.

Related Stories

Power demand rises as heat intensifies; LNG cargoes sought to avert load-shedding

byCT Report
20/04/2026

ISLAMABAD: As temperatures climb across the country, electricity demand has surged, prompting the Power Division to request four Liquified Natural...

Pakistan upsizes Eurobond issuance to $750m amid ‘strong investor demand’

byCT Report
20/04/2026

ISLAMABAD: The federal government has upsized its Eurobond issuance to $750 million, with an additional $250 million placed with global...

PFC welcomes easing of shipping costs, expects relief in trade pressures

byCT Report
20/04/2026

LAHORE: The Pakistan Furniture Council has expressed cautious optimism over the expected easing of shipping and freight costs following improvements...

Ethiopian Airlines plans direct Lahore flights to boost trade, connectivity

byCT Report
20/04/2026

LAHORE: Ethiopia’s Ambassador to Pakistan, Dr Oumer Hussein Oba, informed Commerce Minister Jam Kamal Khan that Ethiopian Airlines is planning...

Next Post

Cocaine seizures at the Port of Rotterdam skyrocket, already surpassing 2018 figures

  • 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.