KARACHI: The Customs Court directed investigation officer of customs department to arrest absconding suspect Muhammad Ayub Khan and produce him before the court who is involved in a case of attempting to tax fraud by mis-declaration in registration particulars, incorrect filing of sales tax returns, importing and supplying of finished taxable goods, misuse of manufacturing status to import fabric without payment of sales tax.
On January 31, 2019, investigation officer submitted that the above-mentioned suspect is still absconder and prosecution is trying its best for his arrest and he will be produced before the court when arrested. After the hearing, court gave him last chance and directed him to arrest absconding suspect and produce on next date of hearing.
According to the interim charge sheet, accused committed the tax fraud by obtaining sales tax registration by misusing manufacturing status to import fabric instead of yarn and by way of issuing fake sales tax invoices to inactive buyers, and fraudulently avoided to pay sales tax of Rs24,733,703 (inclusive of sales tax, VAT an further tax as envisaged under Section 3 of the Sales Tax Act, 1990 read with SRO 1125(1)/2011.
Investigation officer further stated that they deprived government exchequer of its legitimate revenue to the tune of Rs24,733,705 and violated the provisions of Sales Tax Act 1990.
