The Karachi Customs Enforcement has prevented a major attempt to misdeclare imported goods, saving the federal revenue approximately Rs167 million.
According to the Federal Board of Revenue (FBR), Karachi-based company Messrs An Sons Corporation and its clearing agent Messrs Pakistan Shipping & Logistics Company attempted to underreport a consignment of auto parts and laptops imported via Jebel Ali to evade taxes.
The seized shipment was found to have a declared quantity and value far below the actual goods, with the total estimated value of the confiscated items at Rs193 million.
FBR officials said legal proceedings have been initiated against the importer and all facilitators under the Customs Act 1969 for attempting tax evasion.
“This operation highlights our commitment to protecting national revenue and cracking down on illegal import practices,” a customs spokesperson said.
