Deputy Commissioner-IR, LTO ordered to appear before SHC on May 08
KARACHI: Annoyed by the issuance of Hearing Notices issued in a matter which stoods settled by the Supreme Court of Pakistan, an appellate bench of High Court of Sindh, ordered…
Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Annoyed by the issuance of Hearing Notices issued in a matter which stoods settled by the Supreme Court of Pakistan, an appellate bench of High Court of Sindh, ordered…
KARACHI: A Tax Appellate bench of High Court of Sindh dismissed a petition filed by Al-Ghazi Tractors Limited as being not maintainable. The petitioner company sought declaration regarding legality of…
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf has advised the government to put the import of recycled plastic under any description in the negative list…
KARACHI: The Federal Board of Revenue (FBR), the revenue division of the government of Pakistan, has announced a one percent increase in the sales tax (further tax) on unregistered persons…
KARACHI: Sindh High Court has set aside the order of Customs Appellate Tribunal in the case of fraudulent import of electric buses, and advised Customs Collectorate to assess the imported…
FEDERAL BUDGET PROPOSALS 2023-24: KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) firmly believes that that out-of-the-box solutions were needed to avoid further downslide of economy while the decision-makers…
KARACHI: After 17 long years, a Special Sales Tax Reference Application was decided in favor of Mehran Sugar Mills Limited by a Sindh High Court Tax Appellate bench headed by…
KARACHI: A custom appellate bench of High Court of Sindh dismissed two bail application filed by an accused Custom Consultant Asad Iqbal Shaikh. The accused was represented by Aslam Bhutta…
The tobacco sector has been at the hit list for the government’s increasingly higher revenue collection needs, by paying higher taxes. The fresh massive strike of around 153 percent Federal…
KARACHI: An F.I.R registered after 11 years of default against Lace Fashions for alleged in-admissible sale tax refund claim was quashed by a custom appellate bench of High Court of…
ISLAMABAD: Federal Tax Ombudsman (FTO) ordered Chief Commissioner Inland Revenue, Lahore to make a detailed inquiry into allegation of Sales Tax Fraud by Millat Tractors Limited (MTL). The Director General…
KARACHI: Collector Adjudication Feroz Junejo has penalized M/s CAUSIS Mass Transit (Pak) Private Limited for fraudulent mis-declaration of value of imported electric buses to evade legitimate government revenue. The importer…
KARACHI: Karachi Tax Bar Association (KTBA) has moved against notices issued by the Inland Revenue to Malls, Amusement Parks etc asking them to collect income tax on electricity bill. KTBA…
This appeal challenges the Judgment and Decree passed in Suit No. 1663 of 2009 where the core issue as to whether the colouring compounds commercially known as “Masterbatches” locally manufactured,…
ISLAMABAD: In line with the directives of Director General Faiz Ahmed, Customs Intelligence and Investigation Peshawar recovered large quantity of smuggled goods worth over Rs200 million. Information was passed through…
KARACHI: The Tax Ombudsman Asif Jah in pursuance of own motion cognizance has ordered FBR to trace out the record of remanded back cases prior to the year 2019 and…
KARACHI: R&D of MCC Appraisement East has created recovery to the tune of millions of rupees against several pharmaceutical companies. The sum was evaded on import of excipient/chemicals by claiming…
KARACHI: MCC Appraisement East has detected massive evasion of taxes on import of excipient/chemicals by claiming inadmissible exemption of 8th Schedule of Sales Tax Act, 1990. An official said that…
KARACHI: A custom bench of High court of Sindh allowed dozens of petitions filed by Shirazi Traders and other importers against Show Cause Notices (SCNs) issued by officers of Collectorate…
KARACHI: Collector Appraisement East Aamir Theim has assigned Additional Collector R&D Imran Sajjad Bukhari to approach China Customs authorities to obtain the details including value and supplied of electric buses…