Federal Tax Ombudsman (FTO) summoned Federal Board of Revenue (FBR) officials on December 6, 2018 in tax evasion and money laundering case, it is learnt here.
At least 300 fake E-Forms were submitted by gold and jewelry traders. FBR has already submitted report in this case; however, FTO has fixed the hearing of case on December 6, 2018 and called FBR’s official for hearing.
Sources said that during the attestations of Electronic Forms, at least 349 forms were found fake, out of 1872 forms submitted by the jewels and gold traders across the country involved around $214.9 million, while it was also found that only 44 fake E-Forms were submitted by M/s Makkah Enterprises.
Sources further added that M/s Ribab Corporations submitted $24 million, M/s BD Enterprises submitted $82 million, M/s Raze Corporations submitted $62 million of fake E-Forms, M/s Sunny M Pixs submitted $21 million of fake E-Forms, sources confirmed.
Meanwhile, these traders are involved in exports development surcharge and withholding tax evasion by malfunctioning of government introduced concessional SRO for jewel and gold traders.