Another FIR lodged against M/s Loyal Traders

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

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 by M/s Loyal Traders.

Superintendent SIU Dost Muhammad scrutinized the information available in the WeBOC system, which found that M/s Loyal Traders imported a consignment from Europe/USA and sought clearance declaring the goods to be CRC/TMBP in coils of secondary quality of Canada/Russia.

The concerned assessing officers of MCC Appraisement East processed cand cleared the consignments as per importer’s declaration.

Analysis of documents revealed that the importers have submitted tampered and fabricated documents, which confirms that the importers mis-declared the particulars to hoodwink Customs.

Fakeness and falseness of the importers’ uploaded documents has also been proved in the recent past in their similar consignments. In that case too, actual description of the goods has been confirmed as “Electrolytic Tin Plate (ETP) in coils of secondary quality” as against -CRC/TMBP in coils of secondary quality” mis-declared by the importers as well as wrongly ascertained/assessed by the concerned Customs officers.

The importers have also uploaded similar type of documents in their impugned 03 consignments which confirm mis-declaration of origin etc; as well.

It is confirmed that the impugned 03 consignments actually contained “Electrolytic Tin Coated Plate (ETP) in coils of secondary quality of USA/Europe origin” as against “CRC/TMBP in coils of secondary quality of Canada/Russia origin” mis-declared by the importers as well as wrongly ascertained/assessed by the concerned Customs officers.

The impugned goods are correctly assessable at higher rates and chargeable, inter alia, to Anti-Dumping Duty of 12.27 percent ad val; as against 0% ad val; wrongly assessed by the concerned assessing officers, resulting into loss to the national exchequer to the tune of Rs.19.597 million.

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