Market Digest

Ctg Customs seizes 20 containers of concrete block

False Declaration

Staff Correspondent

25 November, 2020 12:00 AM printer

CHATTOGRAM: Audit, Investigation and Research (AIR) wing of Chattogram Customs House seized 20 containers of concrete block imported under false declaration of scrap on Monday night.

Sources in the customs said investigation will be launched to reveal whether the importer attempted to siphon off money or the exporter cheated with the importer.

The Customs AIR Assistant Commissioner (AC) Rezaul Karim said importer Sakura Steel Limited of Mainamati in Cumilla opened Letter of Credit (LC) for importing 536 tonnes of scrap from United Arab Emirates (UEA).

The product cost was set US$ 171,574 and the consignment reached the Chattogram Port on April 21. The importer didn’t take any step for taking delivery of the goods after arrival, said the AC. On information, AIR wing conducted physical examination of the containers.

They found the concrete block inside the containers instead of the scrap.

Investigation will be carried out to unearth whether the importer brought the blocks having less commercial value for siphoning off money to abroad or the exporter cheated the firm, added AC Rezaul.