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FBR submits final charge sheet against M/s Mind Challenge & others

FBR submits final charge sheet against M/s Mind Challenge & others

KARACHI: The Customs Court issued non bailable warrants against two importers namely Jawad and Muhammad Nabi who are involved in tax fraud by misusing manufacturing status at import stage, issuance of fake sales tax invoices.

On March 25, 2019, investigation officer submitted final charge sheet against suspects namely Suif ul Mulk, manufacturer of M/s Mind Challenge, Muhammad Amir, proprietor of Patanwala Traders, Obaid Jamshaid, Muhammad Sohail, clearing agent, Muhammad Ayub Khan, textile importer, Jawad and Muhammad Nabi and informed that an information was received that M/s Mind Challenge is engaged in tax fraud by misusing status of manufacturer to avail benefits of SRO 1125(1)/2011 illegally, after physical verification by the team authorized by the commissioner zone vi, corporate regional tax office Karachi.

He stated that during the investigation, it was revealed that the registered person was found non-existent at the declared premises of M/s Mind Challenge, situated plot no 117 & 118 Muhammad Khan Road, block-M, Ittehad Town, Karachi.

He further submitted that investigation revealed that imports of commercial fabric on the manufacturing license were sold to the unregistered persons because of which further tax in lieu of sales is being committed in connivance with the broker Obaid Jamshad, Muhammad Sohail, along with the clearing agent Muhammad Amir who misused the license for the imports of the carrier of commercial fabric named Muhammad Ayub Khan and Muhammad Nabi.

He further revealed that during the checking, officials of customs department found 042 Wagon-R BMG, Samsung dual SIM, 12839 i-Phone, I-phones I-6, 07074 Motorolla, 06022 Motorolla, 6534 Bike Union Star KJR and 8624 Bike Super Star KEY-8624 which were seized by officials at the spot.

He said that Rs24,733,703 were approximately recoverable under Section 11 of the Sales Tax Act, 1990 along with 100% penalty amounting to Rs24733,703 and total fraud comes to Rs49,467,406.