LAHORE: The Special Federal Court of Customs, Taxation and Anti Smuggling has approved the post-arrest bail plea filed by Hassan Javed, the director of M/s Joy Foam. The suspect is facing charges of huge tax evasion.
Judge Chaudhary Ameer Muhammad Khan has approved his bail against surety bonds and cash guarantees. Earlier, the Special Court of Customs, Taxation and Anti-Smuggling remanded the suspect into the Customs Investigation’s custody for 1 ten days and then send him to jail for judicial trial.
The Customs Intelligence team arrested Hassan Javed on charges of sales tax evasion. The Customs Intelligence found a difference of Rs 34 million in sales tax statements of Joy Foam.
A First Information Report was registered against him under Section 2 (37) of Sales Tax Act, 1990 and a Customs team produced him before the court on February 25.
