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Appraisement East lodges FIR against M/s Sons Traders & M/s UK Traders over tax evasion

Appraisement East lodges FIR against M/s Sons Traders & M/s UK Traders over tax evasion

KARACHI: The Customs Court directed investigation officer to complete investigations against owners/directors of M/s Sons Traders and M/s UK Traders, who were booked in a case of evasion of duties and taxes through submission of fake and forged documents showing under invoiced/suppressed transaction value of the goods.

On November 15, 2018, investigation officer of Customs Appraisement East submitted First Information Report (FIR) against Muhammad Saleem, owner/partner of M/s Sons Traders and Muhammad Aamir of M/s UK Traders and informed that they imported a consignment and declared as 27,144 liters basil seed ice drink of Thailand worth Rs784,198 and 18,096 liters basil seed drink in assorted flavour (glass bottle) valuing at Rs853, 727 and others goods.

He submitted that the above-mentioned accused imported goods worth Rs 2,800,869 and paid duties and taxes to the tune of Rs2,139,094; however, during the examination, goods were recovered as basil seed ice drink (flavour apricot, strawberry/blueberry/pineapple, apple etc), basil seed drink in assorted flavor of (glass bottle) (brand uno premium) and others.

Investigation officer further submitted that they had to pay duties and taxes of Rs7,164,624, however, they paid Rs5,447,411 and evaded the duties and taxes in the tune of Rs3,267,223.

He said that the accused importers are still absconders and he is trying his best for their arrest. After hearing, the court took the FIR into court record and directed him to submit charge-sheet on next date of hearing.