Friday , July 10 2020
Breaking News
Home / Karachi / Tax evasion: M/s Deezina Textile approaches SHC against lodging FIR
Tax evasion: M/s Deezina Textile approaches SHC against lodging FIR

Tax evasion: M/s Deezina Textile approaches SHC against lodging FIR

KARACHI: M/s Deezina Textile has approached the Sindh High Court (SHC) against lodging first information report (FIR) by Deputy Collector (Group-IV) Port Muhammad Bin Qasim allegedly involvement in tax evasion case.

On 25 February 2020, during the hearing, counsel for the petitioner stated in his petition that during the course of its business, petitioner imported a consignment of inter lining material (polyester knitted coral fabric in rolls) and filed goods declaration by claiming benefit to be exempted from the while customs duty and sales tax on this temporary importation of the goods for subsequent exportation under SRO 492(1)/2009 dated June 13, 2009.

He further submits that the goods were duly examined and assessed by the competent authorities in accordance with law wherein the benefit of exemption under SRO 492(1)/2009 was granted to the petitioner subject to submission of indemnity bond along with post-dated cheque equivalent to the amount of customs duty and taxes otherwise leviable thereon and after fulfillment of all requirements the goods were release being out of charge.

Counsel argued that a demand notice for recovery of Rs. 8,430,409 dated Feb 20, 2020 has been issued by customs officials against petitioner and first information report (FIR) also has been registered dated Feb 22, 2020 against one of the partner namely Muhammad Arif Shaikh without any prove and given opportunity.

Citing Chairman FBR, the collector Port Muhammad Bin Qasim and deputy collector (Group-IV) MCC PMBQ as respondents, petitioner pleaded the court to declare that act of the respondents is illegal, malafide and arbitrary.

He further pleaded the court may restrain them from taking any coercive action.