Industry

ASL caught mis-declaring imported goods to evade duty and taxes

Karachi, July 29, 2019: MCC Port Qasim has detected gross mis-declaration of imported goods by M/s Amreli Steels Limited, which would have caused a significant revenue loss if went undetected.

Amreli Steels Limited was incorporated in 1984 as a private limited company and converted into a public unquoted company in 2009. The Company is mainly engaged in the manufacture and sale of steel bars and billets.

Information was received through Collector Port Qasim Mumtaz Khoso regarding mis-declaration of imported goods cleared through the green channel. Subsequently, on the instructions of Additional Collector Fawad Hasan, Deputy Collector CIU Amjad Aman Leghari pursued the information.

Consignment of 47 containers of importer M/S Amreli Steels assigned to get out through green channel was intercepted and when nine (09) containers were examined, auto parts scrap weighing more than 70 tons was found against the declared quantity of 900 Kg steel sheets.

In view of this mis-declaration, the remaining 38 containers are also marked for examination.

Amreli steels imported goods
container details

An official said on the directives of Chairman FBR Syed Shabbar Zaidi, and Member Customs Owais Aga Jawwad was keeping strict vigilance on mis-declaration and under-invoicing

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