Karachi: The Directorate Customs Post Clearance Audit South under the FBR has uncovered a fraud worth Rs 2.4 billion under the guise of manufacturing bond, DTRE, temporary import and export facilitation scheme.
M/s Qazi Sanjrani Enterprises has been found involved in evasion of duty and taxes by obtaining 4 export exemptions. The company was found involved in importing large quantities of clinker and packaged goods used as raw material in cement manufacturing under exemption schemes for exports and selling them in the local market.
According to Director Customs Post Clearance Audit South, Shiraz Ahmed, the Post Clearance Audit South audited the said company on the basis of customs resource tax data and also conducted a physical inspection of the factory, in which irregularities were confirmed.
Out of 463,334 metric tons of clinker imported from the factory, only 62,000 tons of clinker could be exported.
During the post-customs clearance inspection, it was identified that 396,000 metric tons of clinker worth Rs 3.3 billion was missing from the importing factory, indicating that the clinker imported by the importing company for export products was sold in the local market.
Shiraz Ahmed said that the said company failed to provide any reasonable explanation when questioned about the missing clinker and the company’s claim regarding the presence of 15,000 tons of clinker reserves at Gwadar Dry Port was also proven to be false.
The company embezzled Rs369 million in duty and taxes through manufacturing bonds, Rs91 million through temporary import facilities under SRO 492, and Rs1 billion in duty and taxes through misuse of the Export Facilitation Scheme.
