KARACHI: The Customs Court Judge Syed Faiz Rasool Rashdi confirmed bail of suspects namely Tahir Ilyas son of Shaikh Muhammad Ilyas, Rizwan Ilyas son of Shaikh Muhammad Ilyas and Shaikh Imran Ilyas son of Skhaikh Muhammad Ilyas, directors of M/s Pakistan Package Pvt Ltd, who were booked in a case of submitting fake and fraudulent sales tax returns, declaring fake bank account and issue fake sales tax invoices.
Earlier, counsel for the suspects had moved bail petition and argued that their clients are innocent and were falsely been implicated in this case, they are ready to face trail, however, they have apprehension of arrest, therefore, court may grant them bail till final judgment in this case.
After the hearing, court granted their bail against the surety of Rs 100,000 and also issued notices to the customs department and special prosecution for customs department. The court also directed suspects to appear before the court on 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 Rs195,336,984, 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 Rs. 33,418,218 and the accused persons namely Mushtaq Masih, Anees Elahi, Faisal Elahi and Skhaikh Zahid Sehgal allies Biloo have violated the provisions of the Sales Tax Act, 1990.
