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Customs Court extends physical remand of suspects booked in tax evasion case

Customs Court extends physical remand of suspects booked in tax evasion case

KARACHI: The Customs Court extended physical remand of suspects Saif ul Mulk, Muhammad Amir, Obaid Amir and Muhammad Sohail and sent them to CIR Zone-VI, who are booked in a case of attempting to tax evasion by mis-declaration in registration particulars, 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 15, 2018, investigation officer produced them before the court and stated that the above-mentioned suspects are involved in tax fraud 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 the government exchequer of its legitimate revenue to the tune of Rs24,733,705 and violated the provisions of the Sales Tax Act 1990.

He seeks further physical remand of above-mentioned suspects. After the hearing, the court extended their physical remand and also directed him to produce them on the next date of hearing along with the progress report.