The government has promulgated Tax Laws (Second Amendment) Ordinance 2019 for major increase in penalties on cash currency smuggling, ranging from $10,000- $200,000 and above, up to fine of ten times of value of currency and imprisonment up to 14 years depending on the amount of currency seized under different categories/slabs.
Briefing the media at FBR’s Headquarters here on Wednesday, FBR Member Inland Revenue (Policy) Dr Hamid Ateeq Sarwar, FBR Member Customs (Policy) Javed Ghani and FBR Member IT Asim Ahmed stated that the Presidential Ordinance has been promulgated and it would be laid down before the National Assembly on Thursday (today).
Penalties have been considerably increased for smuggling of dollars, precious stones and jewelry under the said Ordinance.
Dr Hamid Ateeq Sarwar said that being a finance bill, there is no problem to pass it from National Assembly but keeping in view the requirement of Financial Action Task Force (FATF), the government has immediately promulgated Tax Laws (Second Amendment) Ordinance 2019.Lear More
ISKANDAR PUTERI, Jan 1 — An attempt to sneak in 10,500 sticks of cigarettes from the country without paying tax was foiled at Johor’s Port of Tanjung Pelepas on Christmas Eve.
The shipment of contraband goods bound for overseas markets had been listed as furniture. If the smuggling attempt had been successful, Malaysia would have lost RM8.5 million, including tax, Johor Customs director Datuk Mohammad Hamidan Maryani said today.
Hamidan said his officers were tipped off that smugglers were taking advantage of a faulty cargo scanner at the port on December 24, 2019 to ship in contraband goods.
Malay Mail understands the said RM12 million scanner is the only one at the southern port and has been in service for 16 years.Lear More
SINGAPORE: Immigration and Checkpoints Authority (ICA) officers uncovered three separate attempts to smuggle contraband cigarettes into Singapore during the last two weeks of the year.
In total, more than 600 cartons and 1,600 packets of cigarettes were seized by officers at the Woodlands Checkpoint.
Last week, two smuggling attempts were foiled when officers discovered 556 cartons and 1,458 packets of cigarettes in various modified compartments of two Malaysia-registered cars, ICA said in a Facebook post on Tuesday (Dec 31). In the first case on Dec 29, officers found an assortment of duty-unpaid cigarettes hidden within the modified dashboard, floorboard, fuel tank and rear bumper of the vehicle
On Dec 27, more contraband cigarettes were confiscated after officers found the items stashed within the front and rear bumpers, modified dashboard, gear compartment and side panels of another car.Lear More
Vietnam loses tens of trillions of dong (VND10 trillion = $432 million) a year due to cigarette smuggling, a long-standing problem.
Nguyen Triet, General Secretary of Vietnam Tobacco Association, estimates that just one percent of smuggled cigarettes are caught.
The value of smuggled cigarettes accounts for up to 25 percent of the market each year, he said.
In the last five years, an average of 700 million packs of cigarettes a year have passed through Vietnam’s borders with China, Laos and Cambodia.
Long An Province in the Mekong Delta remains a “hot” location for cigarette smuggling, officials say. Almost 900 cases have been discovered in the first 10 months this year and 1.57 million cigarette packs confiscated, according to the National Steering Committee on Combating Smuggling, Commercial Fraud and Counterfeit Goods.
Pham Duc Chinh, Head of Long An Province’s Market Surveillance Department, said that because the province’s border with Cambodia was very porous, controlling smuggling is difficult.Lear More
New Delhi: In a major operation, nine women from Turkmenistan were arrested for allegedly trying to smuggle out of the country foreign currencies worth around Rs 3.83 crore at Delhi airport, officials said on Monday.
A total of 105 people were intercepted — 59 women and 46 men — when they were travelling to Turkmenistan on Wednesday, they said.
“Personal and baggage search of the 88 passengers and rummaging of flight resulted in the recovery of foreign currency $7,98,840 equivalent to Rs 5.64 crore,” a statement issued by the customs department said. Further, 48 passengers were released along with their foreign currency, as they were carrying foreign currency under permissible limit, it said.
Furthermore, remaining foreign currency — $5,41,961, equivalent to Rs 3.83 crore was seized under the relevant provisions of the Customs Act, the statement said. Out of the remaining 40 passengers, nine of them — all women were placed under arrest, the officials said, quoting the statement.Lear More
Chennai: In a major crackdown against smuggling from foreign shores, authorities at Chennai International Airport in Tamil Nadu seized gold and foreign currency on Thursday and Friday. The total value of the seized gold and foreign currency was estimated at Rs 97 lakh.
The total value of the seized gold was estimated to be Rs 51 lakh, while US dollars were valued at 46 lakh. The foreign currency was recovered during a search of all the accused.
The seizure was made following a tipoff to authorities about the smuggling racket. Police have also arrested four persons-44-year-old Niraikulathan, 32-year-old Nithyanandan 28-year-old Nishantha Kumar and 27-year-old Murugandham in connection with the seizure.
According to a report in Times of India, all the accused are native of Chennai. They were arrested as they waited to board AirAsia flight to Thailand capital Bangkok on Thursday.Lear More
The Air Intelligence Unit (AIU) of the airport customs arrested a businessman for allegedly attempting to smuggle gold jewellery worth Rs 1.35 crore.
Officials said the accused, Gaurav Dilip More, was caught on Wednesday after he landed at Chhatrapati Shivaji Maharaj International Airport from Dubai.
“We had information about him, on the basis of which we stopped him at the airport,” an officer of the AIU said. “When we checked his handbag, we found a 24 KT (karat) crude gold chain with a purity of 99.9, weighing 3,377 grams, along with 18 KT assorted gold jewellery, weighing 768.78 grams.”
More’s statement was recorded under section 18 of Customs Act 1962, in which he confessed to smuggling and said the recovered goods were intended to be brought into the country to evade payment of Customs duty, the officer added.Lear More
A businessman has admitted smuggling an estimated 28 million cigarettes into Auckland and avoiding excise duties of over $25 million.
The man and his company have interim name suppression and pleaded guilty on Monday to defrauding customs, making erroneous entries in customs documents and selling goods without paying duties.
He’s facing a jail sentence and chose to go straight into the cells at the Auckland District Court to begin serving his time, rather than seeking bail ahead of sentencing in March.
Over an 18 month period, Customs estimates the man sold $6.4 million worth of cigarettes to four major buyers.
That one phone call began the largest cigarette-related investigation run by New Zealand Customs to date. The caller identified a Chinese man who had a large amount of cigarettes for sale.Lear More
KOLKATA: Tracking trails of a crackdown on a gold smuggling racket earlier this month, the DRI arrested a jeweller from Bowbazar and seized gold biscuits, silver coins and unaccounted cash worth a total of Rs 4.71 crore. The jeweller, who was one of the key operators of an Indo-Bangladesh gold smuggling racket, was also arrested.
The agency on December 10 busted a gold smuggling racket active across India and Bangladesh. Interrogation of the arrested persons led the DRI sleuths to some more leads about smugglers linked to the racket. It reached a jeweller’s shop and started conducting searches. The DRI seized 9.33 kg gold biscuits, 500 gram gold coins, 135.5 kg silver coins and 49.93 kg silver granules. Apart from that, unaccounted cash worth Rs 2.77 crore was also seized.
During interrogation, the jeweller confessed to having procured the gold from smugglers in Bangladesh. DRI officials found that the jeweller was closely involved with a supplier who was arrested from Sinthi area in Kolkata earlier this month. To hide the origin of the smuggled gold, they even tried to deface the markings on the metal.Lear More
Thiruvananthapuram: Directorate of Revenue Intelligence (DRI) took a police officer into custody on Monday in connection with Rs 80-lakh worth gold smuggling case at Trivandrum International Airport.
The police officer attached to Vanchiyoor police station and a woman passenger who arrived from Dubai were interrogated by DRI.
They arrived in Thiruvananthapuram in Emirates airlines flight EK 522 from Dubai around 3.10am on Monday.
Based on a piece of information that gold is being smuggled by the flight, DRI officers searched the flight and recovered the yellow metal under a seat. The gold was in the form of biscuits and weighed two kilograms.
On assessing the information of the passenger who had travelled in the seat the identity of the woman was revealed. The woman passenger and her accomplice, the police officer, were then taken into custody.
“We are questioning the passengers. They said they didn’t carry any gold. We are inquiring about their claims and previous travel record. The flight shuttles between Thiruvananthapuram and Dubai and they are likely to be carriers,” said a DRI officer.Lear More