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Customs Court approves physical remand of Mubarak Khan in sales tax evasion scam

Customs Court approves physical remand of Mubarak Khan in sales tax evasion scam

KARACHI: The Customs Court approved six days physical remand of suspect namely Mubarak Khan and sent him to customs department, who is booked in a case of evasion of sales tax Rs105,428,842.

On 22 August 2020, investigation officer of Directorate of Intelligence & Investigation (Inland Revenue) Karachi produced the above mentioned suspect before the court and informed that during the investigation, is was established that M/s Aran Mart International is operating  fraudster unit, has individually and jointly committed the tax fraud by obtaining fake registration, by the way of issuing fake sales tax invoices to inactive buyers.

He further submitted that th above mentioned importer also fraudulently avoided to pay sales tax of Rs105, 428, 842 (inclusive of sales tax, VAT and further tax as envisaged under section 3(1A) of the sales tax act 1990 read with SRO 1125(1)/2011 dated Dec 31, 2011, by committing this tax fraud, they have deprived government exchequer of its legitimate revenue to the tune of Rs105, 428, 842 and have violated the provisions of sales tax act, 1990.

According to the prosecution, case was registered against Owais Ismail, Muhammad Irfan, Mubarak Khan, Muhammad Anwar and other beneficiaries/ sales tax registered persons involved in tax fraud, investigation in respect of master mind maintaining sales tax registration and sales tax returns/ records, real beneficiary/ owner of M/s Aran Mark International, local supplier, dealing persons on behalf of M/s Aran Mart International in bank, customs department and shipping line for clearing of goods are in progress.