Lahore (HRNW)- Pakistan Customs has arrested a suspect allegedly involved in a fraud worth Rs116.5 million under the Export Facilitation Scheme.
According to Pakistan Customs officials, an investigation uncovered the illegal sale of duty-free imported cotton at Idrees Textile Mills. During an audit, approximately 544,000 kilograms of imported cotton, valued at more than Rs470 million, were found missing from the company’s stock records. Authorities stated that duties and taxes amounting to Rs116.5 million are payable in connection with the case.
Pakistan Customs officials said that an FIR has been registered against the owners, directors, and other individuals allegedly involved under the provisions of the Customs Act, 1969.
During a successful operation in Lahore, customs authorities arrested the accused, Kashif Imran, who is alleged to have assisted in the illegal sale of duty-free imported goods.
According to Pakistan Customs, the department maintains a zero-tolerance policy toward the misuse of trade facilitation schemes and the loss of national revenue. Officials emphasized that strict legal action will continue against all individuals involved in tax evasion and revenue fraud.
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