Daily Times

KARACHI: Customs officials posted at Port Qasim Collectorate said that on Wednesday, they intercepted a suspicious report filed to clear a truck loaded with scrap material, but it was revealed that a company, namely M/s Jubilee, was clearing plastic material under the disguise of scrap, thus paying a small portion of the duties applicable.

According to officials, they confiscated the consignment and a detection report was prepared. In the ensuing investigation, it was revealed that invoice of Jubilee Company was misused by smugglers and the consignment was loaded from the premises of another company, M/s Pakwa, with the help of some corrupt officials of Export Processing Zones Authority.

Furthermore, officials came to know that such activities had been happening for at least one year, causing huge losses to the government. A network of smugglers comprising of importers and corrupt officials had long been using these tactics for tax evasion, Daily Times learnt on Thursday.

Published in Daily Times, November 17^th 2017.