Textile firm penalised for scam in export scheme

Pakistan Customs Collectorate (Adjudicate) Karachi has levied a substantial fine on a company involved in fraud and forgery under the Export Facilitation Scheme.

Director of Post Clearance Audit South Karachi, Shiraz Ahmed, informed The Express Tribune that the Directorate of Post Clearance Audit Customs uncovered a fraud amounting to over Rs233 million under the Export Facilitation Scheme by a textile company two months ago.

Following an inquiry conducted by Customs Post Clearance Audit South, serious discrepancies were found, leading to the registration of a case.

Shiraz Ahmed stated that Fair Deal Textiles has been fined and surcharged Rs100 million after the fraud was substantiated during the hearings at the Customs Adjudication Collectorate. A total sum of over Rs333 million will be recovered from the company.

The investigation has unveiled signs of a risky and inefficient operational system at Fair Deal Textiles manufacturing site. Additionally, it was discovered during the investigation that the production unit had remained closed for an extended period, a fact corroborated by utility bills.

Strict measures are underway to recover the substantial amount of taxes, surcharges, and fines owed by the company.

Published in The Express Tribune, April 20^th, 2024.