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Customs lodges FIR against suspects involved in tax evasion of Rs 34.3m

Customs lodges FIR against suspects involved in tax evasion of Rs 34.3m

KARACHI: An investigation officer submitted First Information Report (FIR) before the Customs Court against Shakeel Ahmed, partner/ director of M/s Raja Shakeel Traders (Private) Limited, Muhammad Abdul, partner/ director of M/s Raja Shakeel Traders (Private) Limited, Muhammad Uzair Gheewala, partner/ director of M/s Integra Trading Co, Azeemuddin, partner/ director of M/s Paper Win, Mirza Muhammad Abbas, partner/ director of M/s Royal Steel in a duty and tax evasion case of Rs 34.3 million.

During proceedings, he informed the court that the suspects, in connivance and collusion with each other, cleared 50 consignments of iron and steel galvanized/ cold rolled coils imported from South Korea, Vietnam and others countries by submitting bogus Pak-China FTA Origin Certificates and evaded the duty and taxes to the tune of Rs34.3 million.

The case was registered against them under section 32 (1) (2) and 32A read with section (8) 19 and 79 of the customs act, 1969 punishable under clause 156 (1) (10A) (14) and (14A) ibid further read with section 3, 6, 33 and 34 of the Sales Tax Act 1990 and section of Income Tax Ordinance 2001.

After the hearing, the court directed investigation officer to complete investigation and submit charge sheet within reasonable period.