Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Karachi

SHC issues bailable warrants of accused involved in tax evasion

byM.B. Rana
30/09/2016
in Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: The Sindh High Court (SHC) has issued bailable warrant of the accused namely Yaqoob Ismail son of Ismail and Altaf Hussain son of Ismail who challenged the impugned judgment of the Customs Court which had awarded them imprisonment for 12 months and to pay fine of Rs 500,000 each and in default of payment of fine would have to undergo further imprisonment for the period of three months in a case of tax evasion to the tune of Rs 10, 511, 043.

A single-member bench, comprising Justice Muhammad Iqbal Kalhwar, was hearing the appeal of accused. During the hearing, when the matter came up before the court the accused were called absent. The court passed an order to issue bailable warrant against them in the sum of Rs 20, 000.

You might also like

FBR to launch faceless tax audit system

13/06/2026

FBR bans PDF financial statements for companies

13/06/2026

According to the prosecution, accused persons imported huge quantity of fishing nets having accumulating net weight 89.256 kilograms against fake and tampered documents from customs dry port Hyderabad and evaded duties and taxes in the tune of Rs10, 511, 043.

On November 25, 2009 the Special Judge Customs & Taxation Karachi, Riaz Ahmed Phalphoto had convicted the accused Yaqoob Ismail and Altaf Hussain for 12 months imprisonment and to pay fine of Rs. 500,000 and in default of payment of fine the accused shall undergo further imprisonment for a period of three months.

Accused had challenged that impugned judgment of the custom court Karachi and pleaded the SHC may set aside of impugned judgment, after filing appeal, SHC dated November 28, 2009 had granted them to bail in a sum of Rs. 500,000, however, after getting bail, accused/applicants are not appearing before SHC in last several hearings.

Related Stories

FBR to launch faceless tax audit system

byCT Report
13/06/2026

ISLAMABAD: The Federal Board of Revenue (FBR) is set to introduce a faceless audit and assessment system across all four...

FBR bans PDF financial statements for companies

byCT Report
13/06/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a major shift toward digital tax administration through the Finance Bill...

SBP unveils first-ever research agenda for 2026-2029

byCT Report
13/06/2026

KARACHI: The State Bank of Pakistan (SBP) has launched its inaugural Research Agenda for 2026-2029, outlining key research priorities aimed...

Pakistan empowers custom courts to freeze assets in illegal fund transfer trials

byCT Report
13/06/2026

ISLAMABAD: The Pakistani government has introduced a major legislative amendment through the Finance Bill, 2026, granting Special Judges the authority...

Next Post

Customs Appellate Tribunal hears 10 cases on Thursday

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.