LAHORE: Federal board of revenue confiscated the sale and production record of Stylo Shoes, a famous ladies and child shoes making company in Pakistan.
Customs Today has unearthed a new scandal of Stylo Shoes, a company that is earning millions of rupees every month, is not even registered with the FBR, sources said.
Sources said the Stylo shoes private limited is a defaulter of hundred million of rupees as it is one of the leading shoe maker brands. On Monday FBR team raided the Stylo Shoes office, sealed all of the sales, purchase and manufacturing record. Computers, important registers, cheque books and other record have also been confiscated by the FBR.
A team of federal board of revenue, under the supervision of assistant commissioner Muhammad Umair Khan, took the action against the company. Inspector Aftab Basra and senior audit officer Javed Akbar Hashmi was also present during the raid.
In another action, FBR has recovered Rs1.2million from the bank accounts of the Fine Chemicals Industry. Sources said the company was a defaulter of Rs1.6million since 2011. On Monday, a team of the FBR froze their bank accounts and recovered Rs1.2 million.
