KARACHI: Pakistan has not been able to completely overcome money laundering, which is hampering country’s exclusion from FATF’s grey list. Trade mis-invoicing is illegal and occurs when traders. under-invoice or over-invoice their exports or imports for the purposes of. tax evasion or capital flight in either direction. Under-invoicing as well… Continue reading
KARACHI: A grand plan is jointly prepared by the smugglers and certain staff of Customs to support and facilitate organized smuggling, while the deals between smugglers and Customs officers have already been finalized, sources said. According to sources Customs Hyderabad is at the center of this entire game, which would… Continue reading
KARACHI: The Collector of Customs MCC Appraisement and Facilitation, West and Director I&I were ordered to either obtain a restraining order or implement an Order in Original (ONO) passed in favor of M/S A-One Steel, Multan. The bench earlier heard counsel from Law firm Franklin Law Associates and Khalid Rajpar,… Continue reading
KARACHI: Customs Preventive Karachi has detained a vessel MT MORIOKA carrying Xylene and white spirit for mis-declaring the port of loading. Information was received through Collector Saquif Saeed to Additional Collector Umar Shafique that a consignment of Xylene and White Spirt was intended for Karachi Port which will be declared… Continue reading
KARACHI: Federal Board of Revenue FBR has notified promotion of 7 BS-20 officers of Pakistan Custom Service (PCS) into BS-21. The promoted officers include Muhammad Iqbal Bhawana, Wajid Ali, Rubab Sikander, Zulfiqar Younis, Shahnaz Maqbool, Ahmad Rauf and Seema Raza Bukhari. It may be mentioned here that soon there… Continue reading
KARACHI: Federal Board of Revenue FBR has notified promotion of 13 BS-19 officers of Pakistan Custom Service (PCS) into BS-20. The promoted officers include Hassan Saqib Sheikh, Masood Ahmed, Fayyaz Rasool, Sanullah Abro, Muhammad Tahir, Muhammad Saleem Memon, Muhammad Amir Thahim, Yousaf Haider Orakzai, Munib Sarwar, Muhammad Ismail, Farrukh… Continue reading
GWADAR: Gwadar is playing an important role in the development of the country, and Pakistan Customs is making all out efforts to promote and facilitate legitimate trade and business in Gwadar, Chief Collector Quetta Gul Rehman said during his 3-day visit of Gwadar. He said despite of COVID-19 and lockdown,… Continue reading
KARACHI: The Federal Board of Revenue (FBR) has advised all Chief Collectors that relevant staff from Enforcement may be transferred/posted into Appraisement as the function of monitoring of gates of dry ports and Custom border stations has been given to Customs Appraisement. So far, MCC Preventive had the responsibility to… Continue reading
KARACHI: After complex litigation spreading over two decades, the dispute over exemption came to an end when a custom appellate bench of High Court of Sindh reserved judgment in a Special Customs Reference Application (SCRA) involving a huge amount of rupees 800 million. Brief crux of the case is that… Continue reading
KARACHI: Sindh High Court (SHC) has suspended the transfer order of Inspector Syed Momin Hussain Shah from MCC Hyderabad to MCC Exports, Karachi dated February 11, 2020. The counsel of Momin Hussain Shah had submitted before the court that Inspector Momin remained suspended, but he was transferred, which is not… Continue reading
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