In this regard we are not only in contact with the Financial Monitoring Unit (FMU) but also with China, we have caught a huge case of importing solar panels in this regard, as well as tax evasion through steel sheet. And exposed the money laundering scandal.
The Director of Intelligence and Investigation Customs Irfan News World stated this at a media briefing, saying that a solar panel of Rs 10 was being cleared by showing Rs 20, although there was no duty but thus extra money was sent out. Was going
The inquiry is in the early stages but a huge amount has been sent out like this, Irfan Javed said, although we are also working on anti-trafficking and in this regard we have asked the Chamber and the Association to cooperate with the organization. Help us through the sector, but there was no positive response, he said, "We have exposed a big scandal of the steel sector. They were working very systematically, which was not only tax evasion but It also suffered heavy losses to the country's manufacturing sector. The group was abusing the EPZ channel on one side.
On the other hand, an SRO of 2006 was also illegally benefiting, the government has imposed an 11% customs duty on the prime quality of the electro-steel sheet, while the duty rate on the secondary sheet is 20%. Under O655, they used to pay only one percent duty and clear the goods and then sell it to the market at huge profits. We have filed 8 FIRs in this regard, when Customs Intelligence misused the SRO 655. When they started checking, these groups started Miss Declaration from Port Qasim.
We estimate they have caused 5 billion damage to the national exchequer, but accurate estimates will come out after a thorough investigation, so we are extracting one and a half years of data for this purpose.News World
Irfan Javed said that the big dumping ground of smuggled goods in Karachi is Yusuf Goth. We have written to the Rangers and the police to assist them in the operation. On one question, he said that today the trade (import and export) of money laundering. One of the major tools is working through over invoicing and under invoicing.News World
For this purpose we are also training our staff, we have focused on the oil, palm oil, steel and machinery etc.