KARACHI: The Customs Court sent suspects Saif ul Mulk, Muhammad Amir, Obaid Amir and Muhammad Sohail to jail on judicial remand.
The accused have been booked in a case of attempting to evade tax through mis-declaration in registration particulars, incorrect filing of sales tax returns, importing and supplying of finished taxable goods, misuse of manufacturing status to import fabric without payment of sales tax.
On December 21, 2018, the investigation officer produced them before the court and stated that the suspects are involved in tax evasion by obtaining sales tax registration by misusing manufacturing status to import fabric instead of yarn and by way of issuing fake sales tax invoices to inactive buyers, and fraudulently avoided to pay sales tax of Rs24,733,703 (inclusive of sales tax, VAT an further tax as envisaged under Section 3 of the Sales Tax Act, 1990 read with SRO 1125(1) /2011.
He further submitted that the accused deprived government exchequer of its legitimate revenue to the tune of Rs24,733, 705 and have violated the provisions of Sales Tax Act 1990.
After hearing, the court sent them to jail on judicial remand and directed investigation officer to complete investigation and submit challan on next date of hearing.
