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Customs Court issues NBWs against owner of M/s Escord Enterprises & others

Customs Court issues NBWs against owner of M/s Escord Enterprises & others

KARACHI: The Customs Court issued non-bail able warrants against Muhammad Younus Sayani son of Muhammad Yousuf Sayani, owner of M/s Escord Industries old name Younus Enterprises, Irfan Khan, Shadman Raees, Riaz Hussain, Ajab Khan, Muhammad Iqbal, Muhammad Saleem Anjum and others who are nominated in of Rs 31,312,758 sales tax evasion case.

On 12 February 2020, investigation officer of commissioner Inland Revenue Zone-I submitted charge sheet against the above mentioned suspects and informed the court that this office received credible information that above mentioned importer has committed tax fraud as defined under section 2(37) of the sales tax act, 1990 by obtaining illegal sales tax refund to above mentioned amount on the name of his business registered as M/s Escord industries with declared business address as Saleem Terrace, Garden West Karachi.

He further submits that during the during the investigation accused person has no proof of payment/ receipts of purchases and supplies to justify hug volume of purchases and fake supplies based of these facts, it is concluded that the sole objective of the said accused persons was to claim illegal sale tax refunds on local supplies, which directly comes under the scope of tax fraud as per section 2 (37) of the sales tax act, 1990.

Investigation officer said that in this way the accused person along with other persons buyers/ suppliers have caused loss to the above mentioned amount in violation of the provisions of section 2(9) 2(37) 3,4,6,7,8,10,14,22,23, 26 and 73 of the sales tax act, 1990 and other related laws.

After the hearing, court approved charge sheet and issued non-bail able warrants against them for next date of hearing and directed investigation officer to arrest and produce them on next date of hearing.