Customs Intelligence and Investigation Directorate has seized a complete cigarette manufacturing plant consisting of seven machines at Chattogram port. The consignment was intercepted on Thursday (November 12) over allegations of significant under-invoicing to evade customs duties.

Alleged Under-Invoicing

According to a report by The Daily Star, the importer declared the value of the seven machines at a mere $17,600. However, officials preliminarily estimate the actual value of the machinery could be around $443,000. This suggests an attempt to import goods valued at nearly 25 times the declared price, a clear indication of potential duty evasion.

Preliminary Valuation

Business Standard reported that officials have stated the estimated value of the seized machinery is preliminary and based on comparative analysis. A more detailed investigation and expert appraisal may be required to determine the final valuation.

Next Steps

Following the seizure, legal proceedings have been initiated by the customs intelligence authority. Sources indicate that necessary action will be taken against the importer on charges of duty evasion and false declaration. The process of identifying all individuals involved and taking legal measures is currently underway.