KARACHI: MCC-Exports, Karachi has lodged FIR against management of M/s Textilers for illegal removal of goods from manufacturing units and violating concessionary SRO besides evading duty and taxes to the tune of about Rs12 million. According to brief fact of the case, M/s Textilers (Pvt) Limited had legally removed machinery and other goods, imported under SRO 327(I)/2008 from licensed premises of their export oriented unit located at SITE Karachi and the directors of the company fled abroad without discharging their liability of duty and taxes. A team of manufacturing bond section visited the unit on August 07, 2014 and found the factory had been closed and non-operational. A representative of the factory informed that the owners were outside the country during Eid Holidays. The team carried out the stocktaking of inventory including machinery, spares, raw material and finished goods. Besides, other goods the Reverse Osmosis Plant imported by the unit free of customs duty and taxes and SRO 327(I)/2008 for use solely within the premises of export oriented unit in manufacturing of finished goods meant for export was not found available in the premises. The RO Plant was later – on found in premises close to the bonded area. The illegal removal of raw material and machinery from the bonded premises without payment of leviable duty and taxes constitutes an offence under various sections of Customs Act 1969, Import & Export (Control) Act, 1950, Sales Tax Act, 1990 and Income Tax Ordinance, 2001 and SRO 327(I)/2008. According to the FIR, the customs staff believed that the illegal removal of goods from the bonded premises, non-availability of the owners/directors and senior management, non-operational status of the unit, gathering of large number of labour at the factory gate demanding their wages, that the management had winded off the operation without discharging their legal liability of duty and taxes which works out to be Rs11.97 million. The customs staff lodged the case against Farrukh Shamim Saigal and Amjad Shamim Saigal Directors of M/s Textilers (Pvt) Limited.
Posted on: Mon, 25 Aug 2014 09:26:07 +0000
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