The Department of Revenue Investigation (DRI) has filed revenue embezzlement and leakage cases against nine companies demanding for fine of Rs. 6.60 billion and imprisonment for the financial crime.
The DRI filed cases against Hi-Tech International Pvt. Ltd., JSS Mobile and Services Pvt. Ltd., Shyam Impex, Shree Shyam Baba Enterprises, Unique Wide International and New Unique International, Ma Baishno Trade Concern, and Jay Mataji Enterprises at the Patan High Court on Wednesday.
The Hi-Tech International has reportedly evaded Rs. 2.429 billion revenue in income tax, customs duty and profit tax. The company had smuggled the goods into Nepal from India and issued authentic bills and invoice of a few goods. “The company based in Sorhakhutte of Kathmandu Metropolitan city has maintained a separate ledger with forged transactions in order to evade taxes,” said the DRI.
Likewise, JSS Mobile, Shree Shyam Impex, Shyam Bahadur Concern and Shree Shyam Baba Enterprises had smuggled memory cards, pen drives and other electronic goods into the country and displayed only a portion of their transactions while paying the taxes. These three companies based in Mahabouddha of Kathmandu Metropolis have embezzled Rs. 1.39 billion with about Rs. 1.01 billion evasion in customs duties.
Another case is filed against Unique Wide International and New Unique International claiming Rs. 378 million fines and imprisonment of the proprietors of the firms. The company has forged the Value Added Tax invoices and evaded the VAT and income tax.
Similarly, a case is registered against the Ma Baishno Trade Concern and other eight firms for the revenue leakage of Rs. 2.16 billion.
The DRI has sought fine and imprisonment for 19 individuals connected to the companies.
The accused in the case are Raja Ram Mahato, Jay Kishor Shah, Suresh Thakur, Pinki Kumari Pundit, Raj Kumar Raut Kurmi, Laxmi Mahato Dhanuk, Krishna Lal Mahato, Suresh Mahara, Rajesh Kumar Kalwar, Rustam Dewan, Amit Kumar Srivastav, Ram Ishwar Mahato, Parmeshwor Shah, Mukesh Kumar Jha, Raja Ram Mahato Sudhi, Urmila Kumari, Nasib Kumar Jha, Muhammad Nasruddin Alam and Nilkantha Shrestha.
A case against the Jai Mataji Enterprises and other three firms is filed seeking Rs. 615.4 million fine for revenue embezzlement. The department has accused Babunan Chaudhary Kalwar, Roshan Kumar Chaudhary and Raju Chaudhary for the crime.
The DRI has filed the cases against those companies as per the Revenue Leakage (Investigation and Control) Act, 1995 and its first amendment 2020.
Published in The Rising Nepal daily on 16 July 2020.
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