Customs Intelligence Karachi lodged FIR against M/s Loyal Traders

KARACHI: Directorate of Customs Intelligence Karachi has lodged an FIR against M/s Loyal Traders and others for fiscal fraud through submission of fake and tampered documents, mis-declaration and evasion of government.

Information was passed through Director Irfan Javed to Additional Director Sheeraz Ahmed and Deputy Director Muhammad Adnan to the effect that evasion of government revenue was being made. Superintendent SIU Dost Muhammad scrutinized the information available in the WeBOC system, which found that M/s Loyal Traders imported a consignment from USA and sought clearance declaring the goods to be CRC/IMBP in coils of secondary quality.

The consignment had been assessed and out-of-charge by MCC Port Qasim without requiring physical examination. One of nine containers was blocked by SIU as eight containers had already gated out. It was found that one Ahmed s/o Ali Muhammad had taken the delivery of eight containers. Ahmed was advised to reach QICT with all documents and ensure that eight containers are parked wherever the same had reached.

However, Ahmed did not comply with the instructions and turned his cell phone off. Scrutiny of documents including IGM/Bill of Lading revealed the goods had been declared as steel sheets in coils as against IMBP coils.

The examination and test of the blocked goods were found to be Electrolytic Tin coated Plate (ETP). It is established that M/s Loyal Traders, Ahmed and Aziz with the nexus of assessing officers committed fiscal fraud by uploading fake import documents and deliberately mis-declared the description of goods and got the same cleared causing a loss of Rs4.85 million to the national exchequer.  It was also known that the accused have cleared four consignments in the similar manner, while another consignment is in pipeline for clearance.

An FIR has been lodged and investigations are underway.

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