Karachi: Customs Post Clearance Audit South has unearthed another major fraud of Rs970 million worth of duty and taxes evasion under the Export Facilitation Scheme and has registered a case against two industrial units.
Director Post Clearance Audit South Sheraz Ahmed launched an investigation against M/s MD Industries and M/s Dinar Industries on a tip-off.
During the investigation, both the companies were found involved in misuse of the Export Facilitation Scheme. During the investigation, the export procedures of the companies raised suspicions when the monthly imports of the said company suddenly increased from one container to 47 containers in January 2025 and a complete inspection of the company also revealed discrepancies in the inventory.
Out of 1,550 metric tonnes of lead imported by the companies under the Export Facilitation Scheme, only 111 metric tonnes were exported, thus the remaining raw material imported under the EFS was sold at high prices in the local market.
During the post-clearance audit, it was also revealed that out of 2,751 metric tonnes of raw material imported, only 307 metric tonnes of stock was found in the company’s warehouse. The investigation revealed that one company was manufacturing lead rings under its own brand, which was later exported under the name of other companies.
During the investigation, it was identified that the total value of raw material imported under the Export Facilitation Scheme is Rs 1.6 billion, while the value of the missing goods is Rs 873 million.
In this way, the above companies embezzled a total of Rs. 977 million worth of duty and taxes.
The NTN and Sales Tax Registration Numbers of both the companies were found suspended in the FBR’s list of taxpayers. On which the Customs Post Clearance Audit South has registered a case and formed two teams to investigate the fake exports.
