I&I Karachi unearths illegal removal of goods from bonded warehouse

KARACHI: Directorate of Customs Intelligence & Investigation Karachi has booked several persons for illegal removal of dutiable bonded goods from public bonded warehouse without payment of duties and taxes through mis-declaration.

Information was received from Director Samina Wajid that M/s. Gogan Steel Traders, Karachi importers of GP steel sheets, etc are involved in illegal removal of huge quantities of dutiable bonded goods from Public Bonded Warehouse of M/s. Meezan Enterprises in connivance with the warehouse keeper and other associates-in-crime.

It was also known the consignments of GP steel sheet coils of secondary quality were declared as alloy steel sheets coils to claim assessment of the same under PCT Heading 7225.9900 attracting 10 percent customs duty against the actual PCT 7210.4910 chargeable to 20 percent customs duty.

It was further known that such consignments were released by MCC, PMBQ, provisionally against securities for the differential amounts pending chemical analysis / lab test of the representative samples by Dr. A.Q. Khan Lab, Rawalpindi and that subsequently the assessments were finalized as per declaration without the requisite test reports. The representative samples were either not sent for lab test with the active connivance of clearing agent M/s V.N Lakhani & Co or assessment were finalized as per declarations ignoring lab reports. As many as 19 consignments were identified and major portion had been illegally removed from the warehouse.

On the directives of Director Samina Wajid, Additional Director Farrukh Sajjad formed a team headed by Deputy Director Toseef Gorchani comprising Fakhar Ali Shah and others to verify the veracity of information.

It was found that since warehousing of the goods in September 2014 up to February 27, 2017 only three GDs for ex-bonding of only 300MT of the commodity out of total 3172 MT were filed while no GD for ex-bonding and payment of duty/taxes of remaining goods were filed despite lapse of stipulated time.

Inspection of the bonded warehouse found that a sizeable amount of the goods i.e. 2150 MT had been removed illegally causing a loss to the exchequer to the tune of Rs66.448 million.

FIR has been lodged against Saddiq Abdul Razzak proprietor of M/s Gogan Steel Traders, Haroon, Shahid Haroon, Mohammad Fawad of M/s Meezan Enterprises warehouse and investigations are underway.

Director General Shaukat Ali has appreciated the entire team for detecting such an organized fraud.

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