Customs foils Rs167m tax evasion bid

KARACHI: The Federal Board of Revenue (FBR) has claimed that the Collectorate of Customs, Enforcement Karachi thwarted an attempt of tax evasion, amounting to approximately Rs 167 million.

According to the details, the action was taken after credible intelligence indicated a possible mis-declaration in an incoming consignment. Upon re-examining the container at the KICT Terminal, the Customs staff deducted mis-declaration involving Japanese-origin auto parts imported via Jebel Ali, UAE.

The reassessment discovered the concealment of 24,000 Universal Joints (GMB, Japan), 43 refurbished laptops, and automotive bearings, which were said intentionally mis-declared to evade duties and taxes, the FBR said. The assessed value of the seized goods was Rs 193 million. Legal proceedings have been initiated against the importer, the clearing agent, and all facilitators involved in the attempted evasion.

Copyright Business Recorder, 2025