- Web Desk
- 4 Hours ago
Customs Intelligence probes Pakistani importers of Indian yarn
ISLAMABAD: Seven textile importers have been put on notice by Customs Intelligence for importing Indian origin KOTA yarn via four countries despite Pakistan’s trade ban with India.
Sources said that the Directorate of Customs Intelligence and Investigation Karachi has asked M/s SKF collection, M/s Raz Textiles, M/s Radium Silk factory, M/s Brother Enterprises, M/s Mubeen International, M/s Afha Textile and M/s Jannat Textile to provide details of their buyers of the Indian yarn.
According to the Pakistan Bureau of Statistics, Pakistan imported 234,777 metric tonnes (MT) of synthetic and artificial silk yarn worth Rs142 billion in the fiscal year 2022-23.
Sources said that M/s SKF collection, imported 42,000 MT of yarn valuing Rs13 billion after availing cumulative exemption of 7.5% of duties and taxes granted by the government of Pakistan to the manufacturers in 2021.
Similarly, M/s Raz Textile, imported 31,391 MT of yarn valuing Rs10 billion, M/s Radium Silk Factory, imported 11,000 MT of yarn valuing Rs3 billion, M/s Brother enterprise, imported 22,000 MT of yarn valuing Rs7 billion, M/s Mubeen International, imported 23,000 MT of yarn valuing Rs6.7 billion, M/s Afha Textile, imported 9,000 MT of yarn valuing Rs2.7 billion, M/s Jannat Textile, imported 4,481 T of yarn valuing Rs1.52 billion after availing cumulative exemption of 7.5% of duties and taxes granted by the government of Pakistan.
The sources said that the importers had availed a cumulative exemption of 7.5% of duties and taxes granted by the government of Pakistan to the manufacturers in 2021.
The communique sent by Customs Intelligence to the importers stated: “Whereas the scrutiny of records, retrieved from your office, indicate that a substantial portion of this yarn, including origin Kota yarn, was sold by you to different entities in the same state on a commercial basis. In this context and in terms of section 26 of the Customs Act 1969, it is directed that information about the buyers to whom yarn was sold by you between 01/07/2021 to 15/12/2023 be furnished to this office within seven days.”
The sources said that the import of Indian origin yarn was in violation of the Ministry of Commerce’s notification dated August 9, 2019, which suspended all kinds of trade with India in response to New Delhi’s revocation of the special status of Jammu and Kashmir.