KARACHI: Customs Court Judge Syed Faiz Rasool Rashdi has granted interim pre-arrest bail to suspects, Tahir Ilyas, Rizwan Ilyas and Shaikh Imran Ilyas, directors of M/s Pakistan Package (Private) Limited in a case of submitting fake and fraudulent sales tax returns, declaring fake bank account and issuing fake sales tax invoices.
During the hearing, counsel for the suspects moved bail application and argued that their clients are innocent and were falsely been implicated in this case. He said they are ready to face trail, however, they have apprehension of the arrest, therefore, the court may grant them bail till final judgment in this case.
After the hearing, the court granted them bail against the surety of Rs 100,000 each and also issued notices to the Customs Department and special prosecution for the Customs Department for April 9, 2018. The court also directed suspects to appear before the court on the next date of hearing.
According to the investigation officer, during the investigation, it is established that the registered person has claimed/ adjusted inadmissible input tax as the supplies from whom purchases have shown, have never supplied the goods to M/s M. King International.
Thus by claiming/ adjusting inadmissible input tax through submitting fake and fraudulent sales tax returns, declaring fake bank account and issuing fake sales tax invoices valuing Rs. 195,336,984, involving sales tax of Rs. 33,418,218
Investigation officer further submitted that the registered person has deprived the national exchequer to the tune of Rs33,418,218 and the accused persons namely Mushtaq Masih, Anees Elahi, Faisal Elahi and Shaikh Zahid Sehgal allies Biloo have violated the provisions of the Sales Tax Act, 1990.
