Huge quantity of smuggled Iranian diesel seized
KARACHI: The Anti-Smuggling Organization (ASO) of MCC Preventive, Karachi has foiled a bid of smuggling non-duty paid diesel into Pakistan and arrested six accused here the other day. According to…
ASO seizes goods worth Rs207.226 million
KARACHI: The Customs Anti-Smuggling Organisation (ASO) seized goods, vehicles and POL products worth Rs207.226 million during seven months (July 2012-January 2013) conducting 122 operations. According to details, the ASO foiled…
Importer charged of cheating system of automated clearances
KARACHI: The Customs Appellate Tribunal has charged one Shaikh Mohammad Arif, an importer of chemicals, for unlawfully obtaining the zero rating of sales tax and exemption from payment of income…
Customs Appellant Tribunal charges auto parts importer of mis-declaration
KARACHI: The Customs Appellate Tribunal has charged Sunstar Corporation for mis-declaration origin, classification and value of the goods with the intention of depriving the exchequer of its legitimate revenue of…
Transfers/Postings in Pakistan Customs Services
KARACHI: The Federal Board of Revenue has notified transfers/postings of 12 officers of Pakistan Customs Services (BS-17-19) with immediate effect. These officers include Abdul Majid Yousfani (Pakistan Customs Service/BS-19) from…
Simplification of Customs procedures urged
KARACHI: Pakistan could become major trading country by simplifying its customs procedures and regulations as well as there is also need to reduce rate of custom duties on various item…
Islamabad sit-in costs exchequer
KARACHI: The law and order situation and security threats arising due to the long-march and sit-in episode of Dr. Tahir-ul-Qadri resulted in an approximately 50 percent decline in the revenue…
Customs to free 9 illegally imported falcons
KARACHI: The Customs Department will set free nine falcons on Thursday morning, as these were illegally imported into the country and were seized by the Model Customs Collectorate Preventive. The…
Show Cause Notice against Coca Cola set aside
KARACHI: The Customs Appellate Tribunal has set aside the order in appeal of Collector (Appeals) that established the charge against Coca Cola Beverages Ltd for unlawfully obtaining benefit of SRO…
FBR undertakes major reshuffling
KARACHI: The Federal Board of Revenue has notified a major reshuffling as 25 officers of BS-16 have been transferred to different positions throughout the country. According to details, Syed Sirajul…
No tax exemption to JVs/AoPs having a non-resident partner
KARACHI: The Federal Board of Revenue (FBR) has notified that the income of Joint Ventures (JVs)/Association of Persons (AoP) in which one partner is a non-resident company, is neither exempt…
Auditors called back to RTOs
KARACHI: The Federal Board of Revenue (FBR) has directed three auditors (BS-16) to immediately report back to their respective Regional Tax Offices (RTOs). These officers were placed at the disposal…
Miscreants block road to create impression of protest against PM arrest order; import, export activities hurt
KARACHI: The roads linking the Custom House and Karachi Port were blocked by some miscreants on Wednesday in protest against Supreme Court of Pakistan order to arrest Prime Minister in…
FTO recommends large-scale reforms in FBR
KARACHI: Federal Tax Ombudsman (FTO) has said that corruption had peaked in the country and recommended large scale reforms in the Federal Board of Revenue (FBR). Talking to business community…
FBR might assess possible in-appropriation in withholding and deposit of taxes by cell Cos
KARACHI: The disparity between the revenues of telecom companies particularly the cellular service providers and deposit of withholding tax has compelled the Federal Board of Revenue (FBR) to consider assessment…
IESCO official posted at Customs
KARACHI: A Commercial Assistant (BS-14) of Islamabad Electric Supply Company (IESCO) has been sent on deputation to Model Customs Collectorate (PaCCS) in the capacity of an Assistant (BS-14) and his…
GDs to be accompanied with copy of master bill of lading
KARACHI: The Model Customs Collectorate has made it compulsory that all Goods Declarations (GD) submitted in the relevant appraising group for assessment/clearance shall be accompanied with original copy of the…
ASO seizes smuggled goods worth Rs184.468 million
KARACHI: The Anti-Smuggling Organisation (ASO) of the Customs Preventive has made 108 seizures during July-December 2012 and smuggled goods confiscated worth Rs184.468 million. According to details, the seized goods include…
Customs collects Rs 58.121 million from Karachi Airport arrivals
KARACHI: The staff of Pakistan Customs of internationals arrivals Jinnah International Airport made a record revenue collection of Rs. 18 million in respect of duty & taxes which is 573…
Customs Valuation Ruling (VR) leave no room for value dispute requests
KARACHI: The Chief collector of Customs (South) has made it clear that the customs value of any imported commodity determined by the Director Customs Valuation in the form Valuation Rulings…