KARACHI: The Customs Court directed the investigation officer to complete an investigation and submit a progress report against Tariq Saeed, owner of M/s Techno Bright Impex and others, who were nominated in a case of mega sales tax evasion scam.
On 25 October 2020, investigation officer of Inland Revenue II&P Cell, submitted first information report (FIR) against the above mentioned taxpayer and informed the court that during the investigation, it was found that the accused managed to get registered business with name of Techno Bright Impex and declared principal business activity as manufacturer of textile goods.
He further submitted that the Directorate has conducted discreet inquiry about the genuineness of the refund claim and it was observed that during the course of scrutiny of monthly sales tax returns and refunds claimed/ adjusted for the period, June, July, August and September 2012 following discrepancies have been observed in the data available at officials web portal of FBR to said case an aggregated amount of refund of Rs71.434 million has been claimed processed to the subject unit which is registered as importer, exporter and wholesaler.
He stated that accused fraudulently got the sales tax registration as manufacturer whereas the said person does not have any manufacturing facility and does not exist at declared business address, therefore, FIR is lodged accordingly, further, investigation in respect of owners of declared persons, buyers, supplies and proprietor are in progress.
