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Pakistan Customs nabs steel pipe manufacture for misusing DTRE scheme
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Friday, 01 Feb 2013
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Pakistan Customs officials deputed at Torkham border have busted a gang of nine steel pipelines and polyethylene bags manufacturers who made approximately PKR 450 million duty evasion under Duty and Tax Remission for Export scheme on flying export of mild steel.

The 9 companies, Shaheen Pipe Industry, Shaheen Pipe Industries (Pvt.) Islamabad, Rawat Steel Industries Islamabad, Paramount Steel Industries Lahore, Bashir Pipe Industries (Pvt.) Limited Railway Road Lahore, Modern Pipe Mills (Pvt.) Limited. Lahore, Supreme Tube Industries Lahore, Alpha Industrial Establishment and Pir Customs Clearing Agency Torkham are cheating the Federal Board of Revenue by flying export of steel mild pipes to Afghanistan and claiming millions of rupees under DTRE concession from the national exchequer. The flying exporters showed 140 trucks loaded of mild steel pipe and steel tubes, which were sold in local market while duty was claimed.

The customs has registered 12 different FIRs against these companies and importers, exporters and custom clearing agents involved in the business of flying exports of mild steel pipe. The customs officials succeeded in unearthing the gang after rigorous works of more than two months.

First break trough was made on December 10 2012 when the customs officials arrested accused Muhammadullah along with his other accomplices namely Qari Ahmed and Naib Shah working for Pir Customs Clearing Agency filed good declarations for the export of MS Pipes loaded in vehicles under the regime of manufacturing bond on behalf of Shaheen Pipes Industries.

Source - The News

(www.steelguru.com)

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