KARACHI: Directorate of Post Clearance Audit (PCA) has lodged 283 Contravention Reports (CRs) against 14 IT and computer equipment importers involving revenue evasion and money laundering of Rs1.354 billion.
The CRs have forwarded to Customs Adjudication for further proceedings, while cses of money laundering are forwarded to Customs Intelligence and Investigation.
As many as 68 CRs were served on M/s Technosol Private Limited involving evasion of Rs427.13 million; 8 CRs were served on M/s Megaplus Pakistan Private Limited involving evasion of Rs347.64 million; 38 CRs were served on M/s POP Global distribution involving evasion of Rs166.5 million; 39 CRs were served on M/s Decent Computers involving evasion of Rs164.47 million.
The rest of CRs were served on M/s Unique Technologies, M/s Astron Tech Distributions, M/s Micro Innovations and Technologies, M/s The Explorer, M/s Creative Systems & Solutions, M/s Pako Computers, M/s Spectra Innovations Pakistan, M/s Viper Technology, M/s Jaffer Brothers and M/s Tech Traders.
Directorate of Post Clearance Audit (PCA) detected under-invoicing, mis-declaration and money laundering on import of IT equipment and computer products.
The Federal Board of Revenue (FBR) had advised all field formations to take action against money-laundering. Director PCA Karachi Ashraf Ali took the lead and launched an efficient campaign against trade related money laundering.
High profile officers at PCA including Additional Director Farrukh Sajjad, Deputy Director Shoib Raza conducted a comprehensive audit of the imports of IT equipment and computer goods and detected scores of cases of under-invoicing and mis-declaration.
PCA Karachi has now expanded its circle of audit and scrutiny to the imports from Air Freight Unit (AFU) and large scale irregularities are likely to be unearthed.