FIR lodged against M/s Iftikhar Auto Store

KARACHI: An FIR is lodged against an auto parts importer for mis-declaring the classification and value of imported goods to evade duty and taxes.

An information was received via Collector MCC Appraisement East Fayyaz Rasool Mekan to R&D East that M/s Iftikhar Auto Store is clearing brake lining Friction material clutches with the connivance of clearing agent M/s Pakistan Agencies by mis-declaring PCT of the imported goods avoiding application of relevant Valuation Ruling and evade the government revenue.

An under process GD of the importer was scrutinized and the goods were found to be mis-declared under PCT 6813.2090 instead of correct PCT 6813.2020 and the value of brake lining in roll was declared at $0.6/kg instead of VR value of $1.6 for China causing a loss of Rs0.89 million to the national exchequer in a single transaction.

Previous import data of the importer was scrutinized and it was found the importer evaded another Rs10.16 million on 16 GDs.

An FIR is lodged against Muhammad Iftikhar Hussain of M/s Iftikhar Auto Store and customs agent M/s Pakistan Agencies for conniving with each other and mis-declaring the classification and value of the imported goods to evade government revenue.

Later, Collector MCC Appraisement East Fayyaz Rasool Mekan held a meeting with the R&D team comprising Additional Collector Afzal Wattoo, Deputy Collector Junaid Mehmood, PA Aijaz butt and SPO Malak Hashim, AOs Asif, Altaf, Ghulam Muhammad. Collector expressed their faith in the abilities of the R&D team and advised them to further strengthen their intelligence network to secure government revenue.

 

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