KARACHI: The Customs Court approved interim charge sheet against suspects namely Fawad Anwar, managing director M/s Al-Karam Textile Mills Pvt Ltd, Owais Ismail, Muhammad Irfan, Arshad Nawab and others, who were nominated mega sales tax evasion of Rs105,428, 842.
On 12 September 2020, investigation officer of Directorate of Intelligence & Investigation (Inland Revenue) Karachi submitted interim charge sheet before the court and informed the court that during the investigation, is was established that M/s Aran Mart International is operating the 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 the 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 investigation officer, case was registered against Owais Ismail, Muhammad Irfan, Mubarak Khan, Muhammad Anwar, M/s Al-Karam Textile Mills Pvt Ltd and other beneficiaries/ sales tax registered persons involved in the 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 in bank, customs department and shipping line for clearing of goods are in progress.
After the hearing, court approved charge sheet and issued non-bail able warrants against absconding suspects.