3 years ago
The Revenue Department under the Prime Minister's Office has filed a case in the court against three businessmen of three business firms for cheating Rs 2 billion in revenue.
The department has filed a case in the Patan High Court and Kathmandu District Court seeking action against Hitech International, Sahara & Khatun Trades and Manish Trading Concern and the company owners for revenue fraud and leakage and illegal transaction amounting to Rs 1billion 71 million rupees.
According to the department, a case has been filed against Hari Kumar Shrestha, director of Hitech International, for misappropriating currency by illegally paying for the smuggled goods. The company has been fined Rs 1.71 billion and demanded three times fine and up to three years imprisonment.
He is accused of leaking revenue by keeping records of real and actual transactions in separate ledgers without showing the actual transaction of goods.
According to the department, a case has been filed in the district court in Kathmandu against him for illegally sending money abroad and misappropriating foreign exchange without the approval of the bank for the payment of such smuggled goods.
Similarly, a case has been filed against Sahara & Khatun Trades and Manish Trading Concern in the Patan High Court on the charge of leaking revenue using fake VAT invoices.
It is alleged that Manish Trading Concern registered a firm in the name of a person with low income and used separate invoice for different goods and services.
As a result, the company has filed a case demanding a fine of Rs 132.588 million and imprisonment for revenue leakage, according to the department.
In addition, Sahara & Khatun Trades, located in Rampur Tokni 3, Bara District, had been selling bills for fake goods without purchasing goods and services. A case has been filed on the charge of selling tax invoices.
The department has stated that a case has been registered in the Patan High Court seeking a fine of approximately Rs 996 thousand.
