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Business & Finance

MCC West foils Rs60mn tax evasion attempt

KARACHI: Acting upon a credible information received by Collector of Customs MCC Appraisement (West) Karachi, R&
Published March 8, 2019

KARACHI: Acting upon a credible information received by Collector of Customs MCC Appraisement (West) Karachi, R&D branch of MCC West intercepted a trans-shipment container at KICT imported from UAE declared to contain old and used auto parts destined for Lahore.

The TP declaration was in the name of M/s. Al-Jeeran Engineering Lahore and bonded carrier M/s. Saif-ur-Rehman Co.

Detailed examination of the container was carried out by the R&D which resulted in recovery of following high dutiable and restricted items: Mobile Phones., Tablets ., Satellite Dish Receivers., CCTV Cameras, Copper Refrigeration Tube, Ball Bearings, Circuit Breakers, Finger Print Scanners, Dialysis Machines etc.

The approximate evaded amount of duties and taxes comes to the tune of Rs.60 million. FIR has been lodged. Further legal proceedings in the case are underway.

Copyright Business Recorder, 2019

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