Karachi:
Directorate of Customs Post Clearance Audit South under FBR has revealed a fraud worth Rs 2.40 billion under the guise of Manufacturing Bond, DTRE, Temporary Import and Export Facilitation Scheme.
M/s Qazi Sanjrani Enterprises have been found to be involved in evasion of duty and taxes by obtaining 4 export exemptions, importing large quantities of clinker used as raw material in cement manufacturing and packaged goods under export exemption schemes by the company. Found involved in selling in the local market.
According to Shiraz Ahmed, Director of Customs Post Clearance Audit South, Post Clearance Audit South audited the said company on the basis of Customs Goods Tax data and physical inspection of the factory was also conducted, in which irregularities were confirmed. .
Out of 4 lakh 63 thousand 334 metric tons of clinker imported from the factory, only 62 thousand tons of clinker could be exported.
During the post-customs clearance inspection, it was found that 3 lakh 96 thousand metric tons of clinker worth Rs. The clinker imported for has been sold in the local market.
Shiraz Ahmed said that the said company failed to give any reasonable explanation to the inquiry regarding the missing clinker and the company’s claim regarding the presence of 15 thousand tons of clinker reserves at Gwadar Dry Port was also proved false.
The company evaded duty vats worth Rs 369 crore through manufacturing bonds, evaded Rs 9.10 crore through temporary import facilities of SRO 492 and duty vats worth Rs 1 billion through misuse of Export Facilitation Scheme. stole
