AGL 39.28 Increased By ▲ 0.88 (2.29%)
AIRLINK 145.70 Increased By ▲ 10.70 (7.93%)
BOP 5.08 Decreased By ▼ -0.01 (-0.2%)
CNERGY 3.78 Decreased By ▼ -0.01 (-0.26%)
DCL 7.70 Increased By ▲ 0.11 (1.45%)
DFML 44.70 Increased By ▲ 0.25 (0.56%)
DGKC 77.40 No Change ▼ 0.00 (0%)
FCCL 26.19 Decreased By ▼ -0.69 (-2.57%)
FFBL 52.00 Decreased By ▼ -0.97 (-1.83%)
FFL 8.63 Increased By ▲ 0.09 (1.05%)
HUBC 122.85 Decreased By ▼ -0.95 (-0.77%)
HUMNL 9.95 Increased By ▲ 0.01 (0.1%)
KEL 3.73 No Change ▼ 0.00 (0%)
KOSM 8.16 Increased By ▲ 0.08 (0.99%)
MLCF 33.75 Increased By ▲ 0.05 (0.15%)
NBP 58.66 Increased By ▲ 0.17 (0.29%)
OGDC 153.20 Increased By ▲ 3.25 (2.17%)
PAEL 25.25 Increased By ▲ 0.55 (2.23%)
PIBTL 5.90 Increased By ▲ 0.05 (0.85%)
PPL 118.50 Increased By ▲ 6.85 (6.14%)
PRL 24.34 Increased By ▲ 0.44 (1.84%)
PTC 11.91 Decreased By ▼ -0.19 (-1.57%)
SEARL 56.42 Decreased By ▼ -0.47 (-0.83%)
TELE 7.02 Increased By ▲ 0.02 (0.29%)
TOMCL 34.92 Decreased By ▼ -0.23 (-0.65%)
TPLP 7.06 Increased By ▲ 0.01 (0.14%)
TREET 14.12 Decreased By ▼ -0.04 (-0.28%)
TRG 46.30 Increased By ▲ 0.07 (0.15%)
UNITY 25.75 Decreased By ▼ -0.33 (-1.27%)
WTL 1.20 Decreased By ▼ -0.01 (-0.83%)
BR100 8,775 Increased By 40 (0.46%)
BR30 26,541 Increased By 284.6 (1.08%)
KSE100 83,166 Increased By 444.5 (0.54%)
KSE30 26,556 Increased By 173.8 (0.66%)

ISLAMABAD: The Collectorate of Customs Appraisement (West), Karachi has foiled an attempt to clear high-value and high-tariff miscellaneous goods mostly banned by Ministry of Commerce on May 19, 2022.

A consignment imported from UAE by M/s Riz Green Industries (NTN-4608536) declared to contain “old and used tyres scrap” vide GD No. KAPW-HC-19880 of August 15, 2022, filed through clearing agent M/s Shafaay International comprising 10x40’ containers, marked by system in yellow channel, was suspected and referred for detailed examination at Karachi International Container Terminal (KICT).

Upon examination, miscellaneous goods including artificial jewellery, furnishing/suiting fabric, laptops, tablets/Ipads, mobile phones, auto parts, food supplements, cereals, hair accessories, cosmetics, DVRs and home electronics, etc, were recovered from 9 out of 10 containers. The assessed value of the recovered goods is estimated at Rs453 million involving duties and taxes worth Rs400 million (approx).

An FIR has been lodged and one person has been detained. Further investigation is under way to nab all the culprits involved. The instant detection which was a result of heightened vigilance by Customs officials on the directions of Chief Collector Appraisement South, Wajid Ali, is a landmark case in terms of the value of goods and duties/taxes involved.

Copyright Business Recorder, 2022

Comments

Comments are closed.