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Tax evasion: Customs IO submits progress report against M/s Ahmed Smelter Company in Customs Court

Tax evasion: Customs IO submits progress report against M/s Ahmed Smelter Company in Customs Court

KARACHI: Investigation officer of customs department has submitted progress report against M/s Ahmed Smelter Company (Pvt) Ltd, owned by Irfan and Muhammad Amin, who were allegedly involved in a case of tax evasion worth Rs 41,963,927 and have violated the provisions of sales tax act, 1990.

On 27 August 2020, investigation officer submitted that during the investigation it was found that the above mentioned suspects and others, registered and unregistered persons who are directly, indirectly, knowingly, dishonestly, fraudulently and without any lawful excuse are beneficiaries and whose criminal negligence and connivance and connivance by the act or caused to do any act, omitted to take any action including the making of supplies of taxable goods without payment of sales tax leviable under sales act, 1990, fraudulently operated blacklisted re-rolling mill without payment of sales tax have committed tax fraud and defined under section 2 (37) of the sales tax ac, 1990.

He further submitted that they have deprived government exchequer of its legitimate revenue to the tune of Rs41,963,927 and have violated the provisions of sales tax act, 1990.

He argued that first information report (FIR) is lodged accordingly, further investigation is respect of owners of declared premises, buyers, forwarding agents and proprietor are in progress.