Customs court grants bail to M/s Kazi Corporation’s representative in fraud case

The Customs court granted bail to Muhammad Asif Hussain, the representative of M/s Kazi Corporation, who was booked in a tax fraud case worth Rs110,880,000.

On November 27, 2018, counsel for the suspect filed bail petition and argued that his client is innocent and falsely implicated in this case, who is ready to face trial, therefore, court may grant his bail till final judgment in this case.

According to the First Information Report (FIR) submitted by investigation officer, M/s Shippers Trading Shop No.8 Moon Centre, Haji Pura, Daska Road, Sialkot filed export good declaration for export of unprocessed PK-386 rice, Super Basmati rice, 1121 Pakistani Rice and Super Basmati Rice against E-forms through authorized clearing agents M/s Kazi Corporation.

He further submitted that during the investigation it was revealed that M/s Shippers Trading in collusion with clearing agent M/s Kazi Corporation had submitted fake and fabricated E-Forms, meaning that the foreign exchange amounting to Rs110,880,000 was not remitted in the country, despite that goods have been exported.

He stated that the exporters with the collusion of clearing agent have hoodwinked customs by submitting fake documents, therefore, they have violated the provisions of Section 16, 32 (1), 32 (2), 32A, 131, 192 & 209 of the Customs Act, paragraph 3 & 16 of Export Policy Order 2016 read with Section 3 of Imports and Export Control Act, 1950 and other related laws.

After hearing, the court took the FIR into its record and directed investigation officer to arrest the above-mentioned suspects and produce them before the court. The court also directed investigation officer to complete investigation and submit challan on next date of hearing.