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ISLAMABAD, Dec 3 (APP): The Collectorate of Customs Enforcement Karachi has foiled a major revenue evasion attempt, preventing a loss of around Rs167 million to the national exchequer.
The action was taken against M/s Insons Corporation, Karachi, and their clearing agent, M/s Pakistan Shipping and Logistics Company, Karachi, after credible intelligence indicated possible mis-declaration in an incoming consignment, said a news release.
Upon re-examining Container No. OOLU1097058 at the KICT Terminal, filed under GD No. KAPW-HC-81856-05-11-2025, Customs officers discovered a gross mis-declaration involving high-value Japanese-origin auto parts imported via Jebel Ali.
The reassessment revealed the concealment of 24,000 Universal Joints (GMB, Japan), the presence of 43 undeclared refurbished laptops, and substantial under-reporting of automotive bearings, all of which had been intentionally mis-declared to evade duties and taxes.
The seized goods carry an assessed value of Rs. 193 million, making this interception one of the most significant mis-declaration cases detected in a single container by the Collectorate.
Legal proceedings under the Customs Act, 1969, have been initiated against the importer, the clearing agent, and all facilitators involved in the attempted evasion.
FBR reaffirms its commitment to safeguarding government revenue and maintaining strict vigilance against mis-declaration, smuggling, and tax evasion across all channels.