Yamaha’s consignment confiscated; option given to redeem the goods on payment of fine
KARACHI: The Customs Adjudication has ordered confiscation of the consignment of power cables imported by M/s Yamaha Motor Pakistan (Pvt) Limited with an option to redeem the goods on payment…
MCC Appraisement West announces auction schedule for huge bunch of fresh and leftover vehicles, goods
KARACHI: Model Customs Collectorate (MCC) Appraisement (West) has announced auction of a huge bunch of fresh and left over vehicles and other goods schedule for November 13-14 at Al-Hamd International…
Tareen made director general of intelligence and investigation (Inland Revenue)
KARACHI: Haroon Muhammad Khan Tareen, Inland Revenue officer of BS-21, has been posted as Director General, Directorate General of Intelligence and Investigation (Inland Revenue) Islamabad. The posting was notified through…
FBR notifies transfer, posting of IRS officers from BS-17 to 19
KARACHI: Federal Board of Revenue (FBR) on Tuesday notified transfer and posting of Inland Revenue Service (IRS) officers BS-17-18-19 with immediate effect until further orders. The officers are included: Imran…
Convention for the avoidance of double taxation treaty between Pakistan and Libya
KARACHI: Pakistan and Libya have signed a convention for the avoidance of double taxation with respect to taxes on income on January 9, 1975. Have agreed as follows: Chapter I.…
Beautification project of Edulgee Dinshaw Road inaugurated
KARACHI: Sindh governor Dr. Ishratul Ebad Khan on Tuesday inaugurated the beautification project of Edulgee Dinshaw Road i.e. Custom House Road. In view of the prevailing reputation of the road…
Teams constituted for preparation of customs import manual
KARACHI: Muhammad Saleem, Collector Modern Customs Collectorate (MCC) Appraisement (West) has constituted three teams to prepare customs import manual considering the present needs for the guidance of customs staff. Sources…
Assessment Alert to be issued to check mis-declaration of classification
KARACHI: Customs Appraisement West will be issuing an “Assessment Alert’ to check mis-declaration of classification on the import of chemicals SDO-222, SDO-111, SDO-333, SDO-555 and SDO-999. The Collectorate observed that…
Maritime Agency, Customs Intelligence in joint operation seize 166,373 Iranian oil at open sea, arrest 35 persons
KARACHI: Pakistan Maritime Security Agency (PMSA) and Customs Intelligence, Karachi early Monday morning seized 166,373 liters of Iranian Diesel and petrol in a joint operation at open sea and foiled…
Convention for avoidance of double taxation treaty between Pakistan and Lebanon
KARACHI: Pakistan and Lebanon have signed a convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income on August 31, 2005.…
Nominations for 17th Senior Management Course of BS-19 IRS officers
KARACHI: The Federal Board of Revenue (FBR) has asked the officers (BS-19) of Inland Revenue Services to confirm their nominations for the 17th Senior Management Course. In a notification issued…
Edulgee Dinshaw Road being redesigned into Beauty of Edulgee Dinshaw Road
KARACHI: The ‘Beauty of Edulgee Dinshaw Road’ a brainchild of Collector Preventive Tariq Huda is being inaugurated by Governor Sindh on November 11, 2014 at 06:00 pm. The Edulgee Dinshaw…
Huge quantity of smuggled cigarette seized near Faisalabad
KARACHI: In line with the anti-smuggling drive being pursued by the Director General Intelligence & Investigation (I&I)-FBR, Lutfullah Virk, the Directorate of Intelligence & Investigation (I&I)-FBR, Faisalabad in two successful…
Convention for avoidance of double taxation treaty between Pakistan and Kuwait
KARACHI: Pakistan and Kuwait have signed a convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income on June 30, 1998.…
Convention for avoidance of double taxation treaty between Pakistan and Korea
KARACHI: Pakistan and Korea have signed a convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income on April 13, 1987.…
Pakistan’s tax broadening measures satisfactory, $1.1bn may be available next month: IMF
KARACHI: The International Monetary Fund (IMF) has expressed satisfaction on Pakistan’s efforts to broaden the tax base and said that on the basis of overall progress $1.1 billion under Extended…
FBR forms Integrity, Performance Management Unit to develop organization’s human resource
KARACHI: The Federal Board of Revenue (FBR) has decided to establish Integrity & Performance Management Unit (IPMU) at HR Wing, FBR HQs, to introduce and maintain a system of accountability…
Customs Intelligence campaign against evasion, smuggling meets remarkable success
KARACHI: The Directorate of Customs Intelligence Karachi in July-October 2014 detected 115 cases of evasion of duty and taxes involving evasion of duty and taxes of Rs.960 million. The Directorate…