KARACHI: The Customs court on Monday granted bail to the importer-cum-clearing agent Abdullah of M/s Cosmos Enterprises, who was allegedly involved in huge tax evasion of Rs 12.6 million for unlawfully clearing panaflex sheets and other miscellaneous items from in-bond warehouse.
It is pertinent to mention here that the case was detected by the Research and Development (R&D) Section of MCC-Appraisement (East) on August 12 and a 7-day remand was granted by the competent authority in order to investigate the accused.
During the course of investigation, the R&D Section of MCC-Appraisement (East) recovered Rs 4.1 million from the accused Abdullah on his pointation.
Subsequently, the R&D Section had also requested for extension of remand for 7 more days, which was allowed by the Customs court through its order.
Later, further investigation conducted by R&D officials revealed that the accused Abdullah was involved in tax evasion of Rs 4.1 million and the amount was recovered from the accused.
One of the investigation officers in R&D Section confirmed Customs Today that the accused Abdullah has been granted bail by Customs court, adding that his involvement in the case had been investigated.