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Customs court issues release order of manager of M/s CGA Logistics in tax evasion case

byM.B. Rana
16/07/2019
in Karachi, Latest News
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KARACHI: Suspect namely Sheharyar Ahmed, Manager of M/s CGA Logistics submitted surety of Rs 500,000 before the Customs Court after getting post arrest bail from the Sindh High Court (SHC), who was booked in a case of evasion of duty and taxes to the tune of Rs 2.2 million approximately.

On July 15, 2019, counsel for above mentioned suspect appeared before the court and informed that applicant/suspect had moved post arrest bail petition before a single bench, comprising Justice Fahim Ahmed Siddiqui, which granted him post arrest bail and directed him to submit surety of Rs 500,000 before this court.

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After the hearing, court issued certificate for his release order and directed counsel for the applicant to make sure appearance before the court on each and every date of hearing.

According to the prosecution, during the investigation, it was revealed that Sheharyar Ahmed, Manager of M/s CGA Logistics, Faizan Fayyaz, proprietor of M/s CGA Logistics, Momin Khan, Qasim Jan Syed and Amanullah are involved in preparing fake PRCs in the name of overseas Pakistanis as importers and have tried to get clearance of used Toyota Passo, used Suzuki Wagon R, used Suzuki Alto and others on fake proceeds realization certificates which is in serious violation of the mandatory provisions of law and procedure.

He further said that suspects and their associates have contravened the provision of section 32 (1) 32(A) (a) and 192 read with section 3, 6 and 36 of sales tax act 1990 and other related laws, the accused customs agent namely Shaharyar Ahmed, of M/s CGA Logistics, Karachi who has been instrumental in the commission of aforesaid crime has been arrested and a notice under section 171 of the Customs Act, 1969 has been served upon him.

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