LAHORE: Federal Board of Revenue (FBR) Intelligence and Investigation Inland Revenue (I&I) IR has raided premises of M/s Madni Paper Mills located near Sheikhupura Road on Friday and seized records and computers of the company.
Sources of Inland Revenue told Customs Today that M/s Madni Paper Mills is involved in sales tax evasion of Rs 300 million. Sources told that M/s Madni Paper Mills has been among the leading suppliers of paper since 2014 but was not registered with the Federal Board of Revenue (FBR).
It was also revealed that I&I IR has confiscated the records of the MPM in possession. The records included electricity bills and computers.
Sources told that further investigations are still in progress till the filing of this report.
