Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Post Clearance Audit (PCA) South has unearthed a massive fiscal fraud and EFS scam perpetrated by M/s Gulf Enterprises. Initiated in July 2024, the audit was part of a…
KARACHI: The Post-Clearance Audit (PCA) South Directorate unearthed serious discrepancies relating to the Statutory Regulatory Order (SRO) 492. The revelation came in February 2024 when auditors detected glaring inconsistencies in…
KARACHI: In another startling crackdown on corporate fiscal fraud, PCA North has uncovered a massive evasion of Rs 1 billion, as detailed in a recently filed FIR. M/s Khyber Fabrics…
KARACHI: The Directorate of Intelligence and Investigation (I&I) Karachi has cracked down on a money laundering racket involving 20 importers who allegedly siphoned off foreign exchange through illegal channels and…
KARACHI: I&I Karachi has lodged an FIR against Anam Ullah of M/s Ehsan Importer & Exporter for committing fiscal fraud by electronically filing false and forged import documents and by…
KARACHI: Customs Intelligence and Investigation Karachi has lodged an FIR against several persons including a woman for mis-declaration of value/under-invoicing by submitting fake and forged documents and filing of GD…
KARACHI: Customs Intelligence and Investigation Karachi (I&I Karachi) has lodged an FIR against Farhan Raiq of M/s S.N International for fiscal fraud by electronically filing false and forged import documents…
KARACHI: Directorate of Post Clearance Audit (South), Karachi has identified significant irregularities and violations in the operations of various importers. As a result of shocking revelations, two FIRs have been…
Karachi: Post Clearance Audit (PCA) South revealed that solar panel importers have engaged in a large-scale over-invoicing / trade-based money laundering operation. The PCA South conducted audit of solar panel…
KARACHI: Allowing an SCRA filed by Director of Directorate of Intelligence & Investigations (I&I), a Custom Appellate bench of High Court of Sindh remanded the case back to Custom Appellate…
KARACHI: Post Clearance Audit (PCA) South has established a landmark case involving Rs859.98 million against M/s Hussain Enterprises involving fiscal fraud, tax evasion, money laundering and illicit financial flows. Information…
KARACHI: MCC Appraisement West has lodged an FIR against M/s. RIZ Green Industries, Waheed Anwar S/o. Muhammad Anwar and Raja Nusrat Nawaz S/o. Raja Rab Nawaz and Gulshad Ahmed S/o…
KARACHI: Customs Appraisment West Karachi has lodged FIR against M/s Metallurgy International and M/s Trishmir Imports for fiscal fraud through submission of tampered, fabricated and fake import documents and gross…
KARACHI: MCC Appraisement East has lodged two FIRs against Irshadullah Magsi of M/s Bakhshi Enterprises to clear high value garments/cloth in the garb of used clothing through submitting forged documents.…
KARACHI: Director of Customs Intelligence & Investigation Karachi has lodged an FIR against Directors and partners of M/s Megaplus Pakistan for evasion of duty/taxes of Rs61.88 million through mis-declaration and…
KARACHI: The Directorate of Post Clearance Audit (PCA) has forwarded around 40 more cases to Customs Intelligence and Investigation (I&I) of under-invoicing related money-laundering and fiscal fraud. PCA initiated scrutiny…
KARACHI: Director General Customs Intelligence & Investigation – FBR Muhammad Zahid Khokhar is visiting Karachi on Monday, primarily to look into the dispute within the Karachi Directorate that surfaced after…
KARACHI: MCC Appraisement East has detected revenue evasion of Rs8.2 million, and booked several accused for evasion of duties and taxes through submission of fake and forged documents showing under-invoiced…
KARACHI: Collector Customs Adjudication Asif Marghoob Siddiqui has penalized certain cartel of toy importers for concealing the actual description of the goods to take an attempt for getting the goods…
KARACHI: Directorate of Customs Intelligence Enforcement Karachi has initiated investigations into the misuse of export incentive regime and affairs at Directorate of IOCO as well as account books of export-oriented…