Industrialist arrested in Rs 14.26 crore-tax evasion scam case

FATEHGARH SAHIB: The district excise and taxation department in Punjab’s Fatehgarh Sahib district has unearthed a tax evasion scam worth Rs 14.26 crore and arrested an industrialist who used to run his steel rolling mill in Mandi Gobindgarh town of the district.
Mitha Ram of Munderian village near Amloh town was produced before the duty magistrate and sent to the 14-day judicial custody.
Pawan Garg, deputy excise and taxation commissioner (DETC), Ludhiana division, and Magnish Sethi, assistant excise and taxation commissioner (AETC), Fatehgarh Sahib, had conducted the inspection over the Parvati Steel Rolling Mills in Mandi Gobindgarh. The excise team further reached the house of Mitha Ram, a partner of the firm, and conducted the raid. Mitha Ram was placed under arrest.
The officials claimed that Mitha Ram was also operating three more firms, including M/S Sarpanch International (owner Mitha Ram); M/S Raj Steel Industries owned by Mitha’s brother Bittu Ram; and M/S AK International owned by Mitha’s wife Manpreet Kaur.
The officials added that in these firms, the accused was doing trading of bills without the actual movement of the goods, thus violating the provisions of the PGST Act 2017. They further revealed that numerous documents and a laptop have been impounded from Mitha’s house which substantiate the fact that he was involved in bogus billing.
“Mitha Ram has violated the PGST Act 2017 laid down under Section 132(1) a, b and c. He was produced before the duty magistrate, Amloh and then sent to 14-day judicial remand,” said Magnish Sethi, AETC Fatehgarh Sahib.