Karachi:
The Customs College (Exports) in Port Muhammad Bin Qasim has discovered the evasion of taxes and taxes by rupee to RS825 million and has presented a case against a commercial unit that operates within the export processing zone (EPZ).
The College audited shipments imported by M/S Sardar Enterprises during fiscal year 2023-24, based on credible information about the activities of the unit. The audit revealed that the company used the exemptions granted to the EPZ units, participating in the smuggling and tax evasion.
In January of this year, the company imported two shipments, one of which alarms during a detailed exam.
The company had falsely declared a consignment that included LCD LCD and used LCD LCD, LCD panels, computer parts and components. However, after the inspection, the customs audit equipment found used tablets and new keyboards, which are not allowed according to EPZ import regulations.
In the second shipment, the company declared cotton bales in the declaration of goods. However, a customs exam revealed that 14,000 kilograms of cellulose acetate towing were hidden inside the cotton bullets, which violates EPZ import laws.
Through these erroneous statements, M/S Sardar Enterprises evaded RS825 million in tasks and taxes, causing a loss for the national treasure.
The school has registered a case against the company’s directors, Javed Rasheed and Waqar Insha, as well as the owner of the compensation agent M/S Maryam Logistics, Ahmed Shehzad Khan and Qurban Ali. Two teams have been formed to arrest the suspects.
