DHAKA : Online-based cosmetics seller Korean Mart Bangladesh evaded VAT amounting to over Tk 3.19 crore, according to an investigation by the Customs, Excise and VAT Commissionerate, Dhaka (West).
Based on confidential information, officials of the Pallabi Division under the commissionerate conducted a preventive operation at the company’s premises on September 21, 2026, following instructions from the Commissioner and under the supervision of the Pallabi Divisional Officer.
The officials inspected the company’s laptop, computers, courier-service records, proprietary software system and other documents after displaying VAT Form 12.1.
The inspection found clear indications of VAT evasion. Subsequently, the officials issued VAT Form 12.3 and seized relevant data from laptops, computers and other documents after preserving the information on a pen drive for further verification.
According to the seized documents, officials found irregular sales transactions worth Tk 46,73,63,647.
The investigation determined the amount of evaded VAT at Tk 3,19,57,490, said a press release of the National Board of Revenue (NBR).
The authorities are taking legal action against the company, according to the NBR.
