KARACHI: MCC Hyderabad has detected a case of evasion of more than Rs 650 million in duty/taxes as imported goods were illegally removed from private bonded warehouse of M/s. Huffaz Seamless Pipe Industries Limited, situated at Nooriabad.
According to the details M/s. Huffaz Seamless Pipe Industries Limited imported Steel Round Bars/Billets over the last 1-2 years.
on the directives of Collector Hyderabad Mujtaba Memon, Additional Collector Umar Shafique conducted the stocktaking of the imported goods lying in the bonded warehouse, during the exercise it was observed that a huge quantity of the dutiable goods were removed illegally by the management of M/s. Huffaz Seamless Pipe Industries Limited without payment of duty and taxes.
As per interim report of the department M/s. Huffaz Seamless Pipe Industries Limited has been found to have evaded the duty and taxes amounting to more than Rs.650 million.
In this regard investigation regarding removal of illegally goods from bonded warehouse by the management of said unit is under process.