KARACHI: Customs Taxation and Anti-Smuggling Court judge Syed Faiz Rasool Rashdi has granted bail to a suspect, Faraz, proprietor of Chester Bernard and Co. The suspect was arrested for sales tax evasion of Rs 6.11 million.
During the investigations, counsel for the accused filed a bail application and submitted that the accused paid the money to the Customs Department, therefore, the court may approve his bail. After the arguments, the court granted him bail.
Earlier, the investigation officer told the court that the accused was a registered person, but was filing nil monthly sales tax returns in order to evade sales tax liability which directly comes under the ambit of tax fraud as per section 2 (37) of the Sales Tax Act, 1990. In this way the the accused along with others persons caused losses to the national exchequer to the tune of Rs 6. 11 million.
He had further argued that a case was registered against the suspects under section 2 (37) of the Sales Tax Act, 1990 read with SRO 1125 (1)/2011 dated 31/12/2011 and the provisions of section 2(9) 2 (37), 3, 4, 6, 7, 8, 11, 22, 23, 26, 38, 73 of the Sales Tax Act, 1990 and others.
