KARACHI: Collectorate of Customs Hyderabad has submitted first information report (FIR) against Hafiz Abdul Majid, director/ CEO of M/s HPY Coating (Pvt) Ltd, chief financial officer (CFO) and others in a case of concealment, illegal removal of warehouse goods & denial of access to record & warehoused goods during stocktaking.
On 17 September 2020, investigation officer submitted that during scrutiny of data received through PRAL, it has been observed that the above mentioned imported consignment of into-bond goods declaration dated July 20, 2017 which was liable to be ex-bonded within prescribed period (within six months) specified under section 98 of customs act, 1969 on payment of leviable duties and taxes but bonder has failed to clear the same within stipulated period despite issuance of notices under section 111 and 112 of the customs act, 1969.
He further informed the court that customs officials conduct stocktaking dated Sept 15, 2020 and 279 MT steel pipe external anticorrosive product line and steel pipe inner anticorrosive product line were not available in the five containers worth Rs170 million.
He argues that during the investigation, it has been established that the licensee has illegally removed the above mentioned goods and violated sales tax act, 1990 and income tax ordinance, 2001, different sections of customs act, 1969.
He stated that further investigation would be carried out by the investigation & prosecution branch of MCC, FIR is lodged accordingly. After the hearing court taken FIR into court record and directed investigation office to arrest them and also complete investigation.