KARACHI: MCC Appraisement East has lodged an FIR against M/s Al-Saudia Enterprises for mis-declaring C&F value of the imported artificial jewelry through submitting fake and fabricated documents to evade government revenue.
Information was revived that M/s Al-Saudia Enterprises mis-declared the C&F value of the imported goods through their authorized clearing agent M/s Realex International. Subsequently, a copy of the Bill of Lading uploaded in the system was forwarded to the concerned shipping agent M/s Mass Forwarding & Trading Company for confirmation of the BL and provision of export GD filed with Indian Customs at the port of loadinf i.e. Nhava Sheva, India.
It was confirmed that the C&F value of the goods is $158,699 as against $7,255 mis-declared by the importers in their GD and supported with a fake import invoice.
In view of this, the magnitude of mis-declaration resulted in evasion of Rs15.717 million. Mohamad Ishaq of M/s Al-Saudia Enterprises and General Manager of the clearing agent Syed Mubashir Ali has been instrumental in the scam who have been arrested.
Deputy Collector Mohammad Ali Malik Principal Appraiser R&D Dost Mohammad, Preventive Officer Malak Hashim and Adil Rasheed pursued the case and arrested the accused.
Collector Appraisement East Saeed Akram has appreciated R&D team for detecting the revenue evasion.