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Customs Court approves physical remand of suspected tax evaders

Customs Court approves physical remand of suspected tax evaders

KARACHI: The Customs Court sent suspects Saiful Mulk, Muhammad Amir, Obaid Amir and Muhammad Sohail to CIR Zone-VI on physical remand, who were arrested in a case of attempting to tax evasion through mis-declaration, incorrect filing of sales tax returns, importing and supplying of finished taxable goods, misuse of manufacturing status to import fabric without payment of sales tax.

On December 11, 2018, investigation officer produced them before the court and stated that during the investigations, it was established that the above-mentioned suspects committed the tax evasion by obtaining sales tax registration by 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 government exchequer of its legitimate revenue to the tune of Rs24,733,705 and have violated the provisions of Sales Tax Act 1990.

He sought fourteen days remand of the above-mentioned suspects. The court sent them on physical remand for 05 days and directed him to produce them on next date of hearing along with progress report.