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Customs Court approves challan against M/s Iqra Enterprises, M/s Mohammad Trading Company in tax evasion scam

byM.B. Rana
19/06/2019
in Karachi, Latest News
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KARACHI: The Customs Court approved interim charge sheet against Tariq Ghanchi, partner/ owner of M/s Iqra Enterprises, Essa Ismail, proprietor of M/s Mohammad Trading Company, Muhammad Ismail of M/s Khalid Sanitary Supplier, who were booked in Rs142.08 million duty and taxes evasion scam.

On June 18, 2019, investigation officer of Appraisement West submitted interim charge sheet against M/s Mohammad Trading Company, Muhammad Ismail of M/s Khalid Sanitary Supplier and Tariq Ghanchi, partner/ owner of M/s Iqra Enterprises and informed the court that an information was received to the effect that warehoused consignments of ceramic/ porcelain tiles imported have been removed illegally from the warehouse without payment of customs duty and other leviable taxes, with the active connivance of the staff of bonded warehouse, importers and their accomplices.

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He further submitted that during the search and checking record, it was found that consignments of tiles of aforesaid importers warehoused in the bonded warehouse revealed that 267523 SMQ were found illegally removed from the warehouse without payment of leviable duty and taxes millions of rupees.

He further said that during the investigation, it was established that aforesaid importers have illegally removal bonded goods valuing of Rs133.09 million and evaded amount of duty and taxes on illegally removed of goods in Rs. 142.08.

According to the prosecution, case was registered for violation of 32, 87, 88, 89, 90, 91, 94, 97, 98, 104, 107, 111, 116 and 192 of the Customs Act, 1969 and other relevant section and laws.

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