Finance Minister, Chairman FBR to visit Custom House
KARACHI: Chairman Federal Board of Revenue (FBR) is scheduled to visit Custom House Karachi on Monday ahead of the visit of Federal Minister for Finance, Ishaq Dar. Ishaq Dar would…
Promotion policy for government officers revised
KARACHI: The Cabinet Division has revised the Promotion Policy for the government officers and issued revised PER forms. It has now been deiced that the PERs in respect of all…
Customs values of soft drinks revised upwards
KARACHI: The Directorate general of Customs Valuation has determined customs values of beverages (aerated waters) via Valuation Ruling No.72/2013. It was brought to the notice of Directorate General that beverages…
Customs values of cream cheese revised
KARACHI: The Directorate General of Customs Valuation has revised the customs values of cream cheese for the assessment for duties and taxes. According to the corrigendum to Valuation Ruling no.532/2013…
Transit import of auto parts; President of Pakistan strikes down FTO recommendations
KARACHI: The President of Islamic Republic of Pakistan has accepted the representation of the Revenue Division and set aside findings and recommendations of the Federal Tax Ombudsman (FTO) in the…
MCC Appraisement East & West post 15.58 percent growth; Rs27.55 billion collected in July
KARACHI: The Model Customs Collectorates (MCC) of Appraisement (East & West) have registered 15.58 percent growth in revenue collection in the first month of fiscal year 2013/2014 comparing the same…
FBR agrees to hear clearing agents, bonded carriers in ISAF containers scam before issuing recovery notices
KARACHI: The Federal Board of Revenue (FBR) has decided to give opportunity to clearing agents and bonded carriers to explain their position in ISAF container scam before issuing final notices…
Directorate of Customs Valuation revises customs values of old, used machinery
KARACHI: The Directorate General of Customs Valuation has revised the customs values for the import of old and second hand machinery vide Valuation Ruling No. 571/2013. According to details, a…
FBR notifies large-scale transfers/postings in IRS
KARACHI: The Federal Board of Revenue has notified large-scale reshuffling in the senior cadre ranging Grade-18 to Grade-20 of Inland Revenue Services (IRS) throughout the country. As many as 49…
Customnews.pk completes first year
Congratulations: Customnews.pk has completed its first year. After the formal launch on August 01, 2012 the website now has strong database of exclusive stories that had provided policy guidelines to…