Customs thwarts attempt to embezzle incentive money through export fraud

Published : 07 Apr 2022 09:43 PM

An exporter named Sagar Jute Diversified Industry in Narayanganj has tried to smuggle Tk 3.81 crore in the name of exporting goods to the United Arab Emirates in a false declaration and to get 20 percent export incentive.

Deputy Commissioner of Chattogram Customs House Md Ahsan Ullah confirmed the information on Thursday.

  According to Chattogram Customs sources, the nominated C&F agent of the exporter was a company named Azizul Haque & Co. Ltd. in Dewanhat area of the city.  Exporter Al Arafa did LC through Islami Bank.  The exporter announced an export price of Tk 4 crore 76 lakh 61 thousand 855 against 82 thousand pieces of products.  But physical examination found only 29 thousand 993 pieces of products with a market value of 25 lakh 77 thousand 26 taka.

  Chattogram Customs House Deputy Commissioner Ahsan Ullah said, "We came to know through secret news that the exporter tried to bring 3 crore 81 lakh 84 thousand 859 taka into the country illegally by making false declarations."  Physical examination also found evidence of their forgery.  Not only that, the government is giving 20 percent incentive to encourage the export sector.  Through fraud, the company tried to get 76 lakh 36 thousand 972 taka illegally as an incentive.  Therefore, exemplary punishment is being provided against the company in accordance with the customs law and other customary laws.