Tax evasion on imported steel consignments revealed
He said that a case has been registered against the importers and customs clearing agents belonging to the Export Processing Zone of the said consignments of Steel for obtaining clearance by submitting fake documents and under the Money Laundering Act.
The clearing agent is Messrs. Cosmos Trading Development while the importers are Messrs. Hassan Steel, Messrs. Steel Weiden, Messrs. Royal Ampex, Messrs. Zubair Steel and Messrs. Balochistan Engineering Works.
Sources said that after registering the case, raids are being carried out to arrest the accused so that legal action can be taken against the accused named in the case.
Importer Messrs. Hassan Steel imported seven consignments of steel from Argentina, EU countries, Canada, South Africa, South Korea in 2017 and 2018 for which a separate Letter of Credit (LC) was issued from Bank Islami Pakistan Limited. And import documents were received from the concerned shipping agent.
