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Rs26.828m tax evasion: II&P Cell IR submits FIR against M/s Nine Impex

KARACHI: The Customs court directed investigation officer of II&P Cell, Zone-I of Inland Revenue to submit progress report against Ismail Abdul Sattar, owner of M/s Nine Impex having STR No 1700378698113, booked for committing tax fraud and evaded sales tax amounting to Rs 26. 828 million.

On 25 November, 2020, investigation officer appeared before the court and submitted that after the investigation and based on facts, it is concluded that the sole objective of the said accused person was to claim illegal sales tax refunds on local suppliers, which directly comes under the scope of tax fraud as per section 2 (37) of the sales tax act, 1990.

He states that in this way accused Ismail Abdul Sattar along with buyer/ suppliers have caused losses to the national exchequer to the national exchequer to the tune of Rs26. 828 million in violation of provisions of section 2 (9) 2(37) 3, 4, 6, 7, 8, 10, 11, 14, 22, 23, 26, 37 and 73 of sales tax action 1990 and other related laws.

Investigation officer further submitted that the first information report (FIR) is lodged accordingly, further investigation in respect of owners of declared premises buyers, suppliers, and proprietors are in progress.

After the hearing, court took FIR into court record and directed investigation officer to complete investigation and submit charge sheet on next date of hearing.


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