Fertilizer Tycoon Faisal Mukhtar,his brothers and Arif Habib were booked for evading sales tax of Rs.1.668 billion


MULTAN, Nov 20th:The fertilizers tycoons were booked on the charges of tax evasion of Rs.1668 million and concealing the stock of 2,64,443.500 M/tons which was manufactured in Fatima Fertilizers Sadiqabad and Pak-Arab Fertilizers Factory Multan
The Sales tax wing of the Federal Board of Revenue has unearthed a fraud of Rs 1.668  billion in sales tax, which was done by not paying sales tax on fertilizers weighing  126,255 metric tons of Fatima Fertilizers and 138,188.500 metric tons of Pak-Arab fertilizers. Two FIRS were instituted against Mian Faisal Mukhtar Sheikh ,MianFawad Ahmed Mukhtar Sheikh, Mian Fazal Ahmed Mukhtar Sheikh , Mian Faisal Mukhtar Sheikh and  Arif Habib ( Directors) However no arrest made. Official sources said that Deputy Commissioner inland Revenue Multan Abid Hussain Gulshan lodged FIR No.01/2015  on November 18,2015 with the approval odf Chairman of Federal Board of Revenue. In his complaint DC-IR alleged that Directors of Pak-Arab Fertilizers Factory Multan Mian Faisal Mukhtar ,Mian Fawad Mukhtar and Arif Habib had evded  sales tax of Rs.90,91,12,125 by concealing the stock of 138,188.500 metric tons which was stored in different ware-houses/godowns but this stock was not shown in sales registration profile.They were involved in tax fraud in term of section 2(37) and evasion of sales tax in violation of authorities of Section 2(9) ,2(20), 2(33), 2(44), 3,6, 23 and 26 of the sales tax act 1990. read withrule 7 of charter of sales tax rules 2006 notified SRO 555(1)/2006 dated 05-06-2006 .The second FIR No.02/2015 reveals that Directors of Fatima Fertilizers Factory named Fawad Ahmed Mukhtar Sheikh (36302-2741274-7) , Fazal Ahmed Mukhtar Sheikh (36302-05432419) , Faisal Mukhtar Sheikh (36302-6343749 )and Arif Habib (42301-1015451-1) had evaded sales Tax of Rs.75,92,232 by concealing the stock of 1,26,255 m / tons. They were booked under sections 2(9) ,2(20), 2(33), 2(44), 3,6, 23 and 26 of the sales tax act 1990.
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