Lucky Cement booked in fake invoice case by FBR

ISLAMABAD: In a crackdown operation against fake and flying invoices, The Federal Board of Revenue (FBR) has booked Lucky Cement Ltd in a fake invoices case.

FBR’s Intelligence and Investigation Inland Revenue detected Lucky Cement involved in fake and flying invoices worth millions of rupees.

According to a statement issued by FBR, the Directorate of Intelligence and Investigation Inland Revenue has lodged an FIR before the Special Judge (Customs & Taxation), Karachi against Al-Abbas Traders on the issue of fake & flying invoices, in which one Z.A Choice Import & Export (SMC Private) Ltd is one the suppliers and issued fake invoices to M/s. Lucky Cement.

FBR issued notices to Luck Cement and the management of the cement company has agreed to deposit the evaded amount involved on fake and flying invoices and accordingly has deposited the amount of input tax amounting to Rs. 85,971,785 in the Federal Treasury.

The Directorate of I&I – IR, Karachi is striving hard to nab the persons who are defeating the national exchequer.