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Customs Court approves charge sheet against M/s Mashallah Steel and others

Customs Court approves charge sheet against M/s Mashallah Steel and others

KARACHI: The Customs Court approved charge sheet against suspect namely Aurangzeb Hashmi, owner of M/s Mashallah Steel and others, who were booked in tax evasion case by operating an unregistered steel re-rolling mill and supplying of finished taxable goods without payment of sales tax and income tax.

On 13 April 2020, during the hearing, investigation officer of RTO submitted that during the investigation, it was revealed that the above mentioned suspect are involved in tax fraud as, no sales tax against taxable activity has been paid, therefore, the same stands recoverable from the persons involved in taxable fraud, the blacklisted person for the period under review manufactured M/s Bar (Sariya) for which person liable to pay sales tax Rs299,406,579.

He further submitted that thus, the blacklisted person Aurangzeb Hashmi and others, are operating the fraudster unit, have individually and jointly committed the tax fraud by operating re-rolling mill without obtaining sales tax and income tax registration by way of issuing fake sales tax invoices to inactive buyers, and fraudulently avoided to pay sales tax of Rs299,406,497 (not inclusive of sales tax, VAT and further tax as envisaged under section 3 of the sales tax act, 1990 by committing this tax fraud, thus have deprived government exchequer of its legitimate revenue of Rs299,406,579 and have violated the provisions of sales tax act, 1990.

After the hearing court taken charge sheet on court record and directed investigation officer to complete investigation and submit final charge sheet on next date of hearing.