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Customs Court approves judicial remand of suspects involved in tax evasion

Customs Court approves judicial remand of suspects involved in tax evasion

KARACHI: The Customs Court sent suspects Saif ul Mulk, Muhammad Amir, Obaid Amir and Muhammad Sohail to jail on judicial remand, who were arrested in a case of attempting to tax  evasion by mis-declaration in registration particulars, incorrect filing of sales tax returns, importing and supplying of finished taxable goods and misuse of manufacturing status to import fabric without payment of sales tax.

On December 29, 2018, investigation officer produced the above-mentioned suspects before the court and informed that during the investigation, it is established that above-mentioned suspects are involved in tax evasion by obtaining sales tax registration for misusing manufacturing status to import fabric instead of yarn and by way of issuing fake sales tax invoices to inactive buyers, and fraudulently avoided to pay sales tax of Rs24,733,703 (inclusive of sales tax, VAT an further tax as envisaged under Section 3 of the Sales Tax Act, 1990 read with SRO 1125(1)/2011.

He further submitted that they deprived the government exchequer of its legitimate revenue to the tune of Rs24,733,705 and violated the provisions of Sales Tax Act 1990.

After the hearing, the court sent them to jail and directed investigation officer to complete investigations and submit challan on the next date of hearing. The court also directed jail authorities to produce them on the next date of hearing.