ISLAMABAD: Directorate General, Intelligence and Investigation (Inland Revenue) Islamabad have arrested employees of Jawad Traders involved in tax fraud.
The firm caused huge loss to the national exchequer as company was registered as importers/exporters with the Federal Board of Revenue (FBR) It imported potato, onion, melons, and other vegetables and fruits amounting to Rs 0.996 billion from Afghanistan during the last seven months. The consignments were imported through Torkham. However the company was involved in selling coal to Askari Cement, Fauji Cement and Lafarage Cement.
It clearly indicates that company was involved in massive evasion of taxes. The FIR has been lodged against Jarar Haider s/o Ghulam Shabbir resident of Behtar, Fateh Jang, Saad Ullah s/o Sheikh Zafar Ullah, Tehsil & District Peshawar, Mudassar, Umar and Wali Muhammad u/s 37 A read with s. 37B as they committed tax fraud as defined under section 2(37) of the Sales Tax Act, 1990 punishable under section 33(11) & 33(13) of the Act.
Wali Muhammad and Umar have been arrested and they will be presented before Special Judge (Customs, Anti Smuggling & Taxation) to obtain physical remand. Moreover, raids have been conducted with the help of local police to arrest other accused.
