[aaykarbhavan] PUR BILLS TAKEN FROM HAWALA DEALERS

Learned members,

I would like to know what is the legal position of the dealers who have paid differential mvat amounts with interest/penalty on the bogus bills taken and accounted in their books from hawala dealers ?

Can they be prosecuted under IPC sections of 420 & 470?
One of my client is being threatened by CID dept. though he has already paid vat with int & penalty.

are there any instructions from vat dept on this issue?

can the dealer be put in jail?

I would request the members to share their experience in this regard and how to go about this issue.

thanking you in advance

moiz
.




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