KARACHI: Customs court directed investigation officer of Commissioner Inland Revenue Zone-I to complete investigation against Syed Jawad Arshad sib Syed Monawar Ali, owner of M/s Oriental Chemical Industries and others, who are booked in a case of commission of tax fraud by obtaining sales tax refund on the strength of fake and flying invoices and false zero rated supplies without having any manufacturing facility.
On 17 January 2020, investigation officer submitted first information report (FIR) before the court and informed that on an actionable information, FBR officials conducted investigation and during the investigation, it was revealed that the above mentioned suspect and registered and un-registered persons who are directly, indirectly, knowingly, dishonestly, fraudulently and without any lawful excuse are the beneficiaries and whose criminal negligence and connivance by any act or caused to do any act, omitted to take any action including the making of supplies of taxable goods without payment of sales tax leviable under sales tax act, 1990, fraudulently operated blacklisted without payment of sales tax have committed tax fraud as defined under section 2(37) of the sales tax act, 1990.
He further submitted that they evaded sales tax amounting of Rs114,242,904, FIR is lodged accordingly, and further investigation in respect of owners of declared premises, buyers, suppliers and proprietor are in progress.
After the hearing court taken FIR into court record and directed investigation officer to complete investigation and submit progress report on next date of hearing.
