KARACHI: The Customs Court directed parties to conclude arguments on acquittal petition filed by suspect namely Faisal Elahi, who was booked in a case of submitting fake and fraudulent sales tax returns, declaring fake bank account and issue fake sales tax invoices.
On Thursday, counsel for the applicant and special prosecutor of Customs department appeared before the court, which directed them to prepare on next date of hearing.
Earlier, counsel for the above-mentioned suspect filed petition under Section 265K for acquittal and argued that prosecution has not any evidence against his client and till date no evidence has been provided by the prosecution before the court; therefore, the court has power to acquit any suspect.
According to the investigation officer, during the investigation, it is established that the registered person has claimed/adjusted inadmissible input tax as the supplies from whom purchases have shown, have never supplied the goods to M/s M. King International.
Thus by claiming/adjusting inadmissible input tax through submitting fake and fraudulent sales tax returns, declaring fake bank account and issuing fake sales tax invoices valuing Rs195,336,984 involving sales tax of Rs33,418,218
Investigation officer further submitted that the registered person has deprived the national exchequer of Rs33,418,218 and the accused persons namely Mushtaq Masih, Anees Elahi, Faisal Elahi and Skhaikh Zahid Sehgal alias Biloo violated the provisions of the Sales Tax Act, 1990.
