Directorate General, Intelligence & Investigation (Customs & Excise) has again said that the inquiry is still underway to verify the total amount of duties and taxes dodged under DTRE and normal exports by M/S Bawan Shah Group of Companies.
According to the Directorate, the figures 'Rs20 billion' emerging frequently in the Press are absolutely speculative, fictitious, deceptive and devoid of specifics.
A concise version of inquiry held so far is as follows: - Information was received in the Directorate General, Intelligence and Investigation (Customs & Excise) that Raja Muhammad Zaraat Khan, Chairman, M/S Bawan Shah Group of Companies, Karachi besides his contacts was keenly implicated in mishandling of DTRE system.
Assessment of evidences examined till now has exposed that two companies of M/S Bawan Shah Group had been permitted to import 25 million meters of cloth devoid of payment of duties and taxes to the tune of 210.00 million rupees.
From this measure, 18.5 million meters of cloth has been imported by M/S Bawan Shah Group availing an exclusion of duty and taxes amounting to Rs115.00 million. Vigil was kept on various export deliveries sent by diverse units of the said Group ensuing, three containers being apprehended.
Instead of carrying ladies' suits made from cloth imported under DTRE the container had locally- made cloth of substandard value. A different container belonging to the same exporter boundfor a overseas destination was called back from high seas.
It was believed to contain leather jackets of worth Rs49.00 million as per their assertion, however, on verification by the force of Directorate General (I & I), the container had blended cotton fabrics of substandard value.
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