KARACHI: The Customs Taxation & Anti-Smuggling Court Judge Syed Faiz Rasool Rashdi granted bail to suspect namely Muhammad Irshad son of Muhammad Iqbal, proprietor of M/s Ferrous Engineering Industry, who was booked in a case of evasion of duty and taxes to the tune of Rs66,448,835.
During the hearing, counsel for the above mentioned accused appeared before the court and moved bail petition, he argued that his client is innocent and was falsely been implicated in this case, who is ready to face trail, therefore, court may grant him bail till final order in this case.
After the arguments, court granted him bail against the surety of Rs2,00,000 and issued notices to the special prosecutor for customs department and investigation officer directing them to file comments on next date of hearing.
According to the prosecution, charge was fixed against the said suspect for illegal removal of dutiable bonded goods from public bonded ware house without payment of leviable duties and taxes through mis-declaration.
Case was registered for violation of section 18, 32 (1) (2) and 79 (1) of the Customs Act 1969 read with section 86, 97, 98 and 116 punishable under section 156 (1) (14) (58) (59) and (62) ibid further read with section 3, 6, 7-A, 33 and 34 of the Sales Tax Act 1990 and section 148 of the Income Tax Ordinance 2001.
