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Customs Court issues NBWs against absconder involved in tax evasion

byM.B. Rana
05/01/2019
in Karachi, Latest News
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KARACHI: The Customs Court has accepted interim challan against suspects Saiful Mulk, Muhammad Amir, Obaid Amir and Muhammad Sohail, who were booked 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 4, 2019, investigation officer submitted interim charge sheet against the above-mentioned suspects and informed the court that suspects are involved and committed  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.

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Investigation officer further stated that they deprived the government exchequer of its legitimate revenue to the tune of Rs24,733,705 and violated the provisions of sales tax 1990. After the hearing, the court accepted challan and issued non-bailable warrants against absconding suspect namely Muhammad Ayub Khan.

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