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Customs registers FIR against Mashahni Enterprises on cheque bounce

Customs registers FIR against Mashahni Enterprises on cheque bounce

LAHORE: The Model Collecotorate of Customs (MCC) Appraisement Investigation and Prosecution (I&P) Cell has lodged an FIR against the Mashahni Enterprises after a cheque of Rs 12.6 million issued by the company bounced.

As per details, the Mashahni Enterprises had allegedly cleared a consignment of 20,265 kilogramme consisting of drawing pen and markers worth Rs 3.1 million and paid Rs 1.7 million customs duty and tax at the Mughalpura Dry Port.

However, the Customs Appraisement Valuation Group reassessed the imported goods and found its worth at Rs 25.9 million.

The importer, later, moved the Islamabad High Court when customs asked additional duty of Rs 14.3 million. The court ordered the importer to issue post-dated cheque in the name of the Customs Department.

Customs Inspector Farrukh Amin further stated in the FIR that importer’s cheque was bounced back due to insufficient funds in the bank account.

The customs has registered a fraud and mis-declaration case against the importer under Customs Act 1996 and started investigation.