Duty/tax relaxation on sale of duty-free imported vehicles increased
KARACHI: The Federal Government has increased the limit of deduction allowed in the value of vehicles to arrive at the taxable amount in case of vehicles imported duty-free by a…
FTO confers ‘Letter of Appreciation’ to MCC PaCCS staff
KARACHI: The Federal Tax Ombudsman (FTO) has appreciated and acknowledged the team work of the officers and staff of Model Customs Collectorate PaCCS engaged in processing of duty drawback claims…
Billions of rupees recovery at stake as FBR top brass intervenes to shelter corrupt elements
KARACHI: The recovery of billions of rupees in cases of misusing exemption regime has been put at stake as top brass of Federal Board of Revenue (FBR) is sheltering the…
FTO confers ‘Letter of Appreciation’ to MCC Exports staff
KARACHI: The Federal Tax Ombudsman (FTO) has appreciated and acknowledged the team work of the officers and staff of Exports Collectorate engaged in processing of duty drawback claims and clearance…
Exchequer suffers loss of Rs1.038 billion due to non encashment of securities
KARACHI: The Departmental Audit Committee (DAC) of Federal Board of Revenue (FBR) has detected loss of government revenue of Rs1.038 billion due to non encashment of securities. According to DAC…
Securities Receiving Officer made responsible to manage financial instruments and securities in WeBOC system
KARACHI: The Model Customs Collectorate of Customs (Appraisement) Karachi has installed a mechanism to manage the receipt and safe custody of financial instruments and securities in WeBOC system. According to…
Transfers/Postings
KARACHI: The Federal Board of Revenue (FBR) has notified transfer and posting of two Grade-16 officers of Customs Services. Mohammad Naeem Butt has been moved from the office of Appraiser…
Non-recovery of duty and taxes found in departmental audit
KARACHI: The Departmental Audit Committee (DAC) of Federal Board of Revenue (FBR) has identified non-realization of government revenue of Rs1.124 million as the Model Customs Collectorate (MCC) did not recover…
Transfer/posting
KARACHI: The Federal Board of Revenue (FBR) has notified transfer and posting of two Grade-16 officers with immediate effect. Ali Akbar Hingoro (Customs Department BS-16) has been posted as Inspector…
MCC Preventive upgrades 385 employees to BS-16
KARACHI: The Model Customs Collectorate of Preventive Karachi has upgraded 385 employees including Superintendents (SPS), Inspector Preventive Service (IPS), Senior Preventive Officer (SPO), Preventive Officer (PO), Appraisers and Examiners to…
Transfers/Postings
KARACHI: The Federal Board of Revenue (FBR) has notified transfer and posting of three senior officers of Pakistan Customs Services (PCS). Seema Raza Bokhari, Grade-19 PCS officer has been moved…
Equipment, vehicles for Thar field exempted from taxes/duties
KARACHI: The Ministry of Finance, Revenue and Economic Affairs has exempted coal mining machinery, equipment, spares including vehicles for site imported for Thar coal field from customs duty and sales…
DAC finds non-recovery of Rs662.142 million in adjudged cases
KARACHI: The Departmental Audit Committee (DAC) of Federal Board of Revenue (FBR) has identified non recovery of government revenue to the tune of Rs662.142 million in 648 adjudged cases in…
MCC PaCCS, Appraisement collections post marginal growth
KARACHI: The duty and tax collection of Pakistan customs posted a marginal increase of 2.2 percent during first eight months of current fiscal year owing to fall in sales tax…
Oil miller charged of defrauding exchequer to avoid duty and taxes
KARACHI: The Supreme Court of Pakistan has upheld the order of Deputy Collector Model Collectorate of Customs (MCC) Appraisement charging M/s A.C.P Oil Mills Pvt. Ltd of intentionally defrauding the…
Sindh High Court suspends FIR against Muqeet Brothers
KARACHI: Sindh High Court has suspended an FIR against owners of M/s Muqeet Brothers till March 19, 2013 and directed that no arrest or investigation whatsoever shall be made on…
FBR offices to remain open on March 16
KARACHI: The offices of Federal Board of Revenue (FBR) will remain open on Saturday as normal working day. In a press release posted on FBR website it stated that in…
Collector MCC Appraisement declares adjudication powers for processing of non-duty paid vehicles
KARACHI: The Collector Model Customs Collectorate (MCC) Appraisement on Tuesday has conferred the adjudication powers to the officers to process the smuggled / non-paid duty vehicles under the amnesty. The…
Bid to smuggle antiques foiled
KARACHI: The Directorate General Investigation & Intelligence (DG I&I) Range, Office, Sukkur has foiled a bid to smuggle antiques abroad. According to details, a credible information was received by the…
Amendments in Customs Rules, 2001
KARACHI: The Federal Board of Revenue (FBR) has added a sub-chapter in the Customs Rules, 2001 to regulate inter-port movement of cargo to off-dock terminals. According to the amended 556A.…