The Federal Income Board (FBR) has discovered a tax fraud worth 977 million carried out under the export facilitation scheme (EFS).
According to Customs Director Post Audit (PCA) South, Shiraz Ahmed, two fraudulent companies used EFS poorly to evade taxes on the importation of precious metal molds.
Companies supposedly imported 47 high -value metal containers, but manipulated records, declaring only 111 metric tons, while 1,560 metric tons of imported products disappeared.
It was discovered that a company had evaded RS 499 million, while the second dodged 478 million RS in taxes.
Additional investigation revealed that fraudulent companies did not even appear in the FBR Active Registration Database, which raises concerns about regulatory lagoons.
The PCA South has issued an alert to all export collectors, warning them about the misuse of the scheme. Meanwhile, teams have been formed to arrest the guilty, the authorities confirmed.
Previously, on January 9, the Post Customs Authorization Audit Directorate, under the Federal Income Board (FBR), discovered a significant operation of money laundering worth more than RS106 billion, disguised as panel imports Solar
In the same month, the FBR also revealed an improper appropriation of RS231.82 million after a two -month review and transfer of records of immovable properties by sub -registrants in the district of Faisalabad.
