KARACHI: Customs Court Judge Syed Faiz Rasool Rashdi has remanded three suspects, Syed Muhammad Rizwan, proprietor of M/s Unique Enterprises, Samiullah and Shahryar of M/s Lucky Diamond Enterprises, to the customs custody on physical remand until February 6, 2017. The suspects were booked in an alleged tax evasion case.
During the hearing, investigation officer produced the suspects before the court and informed that they were involved in mis-declaration of value of imported HS Code and the value of imported PVC flakes/ recycled granules and clearance of the same in the garbs of iron/steel remeltable scrap. Therefore, the suspects were found involved in evasion of duty and taxes to the tune of Rs1.4 million.
He stated that investigation has not been completed yet, therefore, prosecution needs their physical remand, after the hearing, court sent them to customs lock up till February 6, 2017 on physical remand and directed the investigation officer to produce them on next date of hearing along with progress report.
According to the prosecution, case was registered on complainant of Intelligence Officer Aqil Alam under section 16, 32 (1) & (2) 79 (1) of the Customs Act 1969, punishable under section 156 (1) (9) (14) (43) ibid read with section 3, 6, 32, 34 of the Sales Tax Act 1990 further read with section 148 of the Income Tax Ordinance 2001.
