Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The State Bank of Pakistan (SBP) on Friday said that tax collection needs to grow by 36.6 percent in the second half of the FY14 to meet with targeted…
KARACHI: The Directorate General of Customs Valuation has intensified the efforts to issue rulings for accurate value of goods for determination of duty and taxes as the department issued six…
KARACHI: Pakistan Customs has revised the valuation for circuit breakers/switches/socket of Chinese origin up to $2 per kilogram on reports of massive under-invoicing, a circular said. The Directorate General of…
KARACHI: Pakistan Customs has determined the valuation for re-rollable scrap and compressor scrap of all origins up to $620 per kilogram as to reflect the prevailing international prices, a notification…
KARACHI: Pakistan Customs has determined the valuation of capacitor(other than international brands) of Chinese origin up to $1.70 per kilogram due to massive under-invoicing which was causing revenue loss to…
KARACHI: The Federal Board of Revenue (FBR) on Thursday issued a list of transfers and postings of Pakistan Customs Service (PCS) officers of BS-19-20 with immediate effect until further orders.…
KARACHI: The Federal Board of Revenue (FBR) on Thursday announced that authorized bank branches will remain open on Saturday March 29 and for extended hours on Monday March 31 for…
KARACHI: The R&D of MCC Appraisement East has detected evasion of Rs34.21 million by one M/s Texstyle Corporation on 27 consignments through mis-declaration and under invoicing. In the contravention report…
KARACHI: Pakistan Customs has determined the valuation for silk fabric of Chinese origin up to $17.50 per kilogram on reports of under invoicing which was causing loss of revenue to…
KARACHI: Pakistan Customs has revised the valuation for spray paints of all origins up to $1 per/kg on reports of massive under-invoicing, which was causing loss of revenue to government…
KARACHI: The Appellate Tribunal Court has ordered to customs authorities for revising the valuation of menthol crystal up to $30 per kilogram due to the collection of tax and duty,…
KARACHI: Pakistan Customs has seized huge quantity of Hashish from a vehicle that was carrying live animal belonging to a big social welfare organization. According to details Anti-Smuggling Organization of…
KARACHI: The Lahore High Court has Advised D.G Khan Cement to secure NOC from the environmental protection agency for the clearance of its imported consignment of used tyres. D.G Khan…
KARACHI: The Directorate General of Customs Valuation has revised the Customs values of cable/wire locks vide Valuation Ruling No. 647/2014. It was brought into the notice of Directorate General that…
KARACHI: Customs Appraisement South has implemented the valuation guidelines of 133 items at all the three collectorates in south region to prevent massive leakage of revenue. According to details, Chief…
KARACHI: An order has restricted the Federal Board of Revenue officials not to visit FBR headquarter without prior permission of the head of departments because it affects their working schedule,…
KARACHI: Pakistan Customs has detected misuse of Statutory Regulator Orders (SROs) by various importers of different sectors, sources to Customnews.pk According to an official note issued by Model Customs Collectorate…
KARACHI: All the efforts of the Customs and directives of the Supreme Court of Pakistan to discourage under-invoicing and mis-declaration have failed to make a significant impact as the effective…
KARACHI: All offices of Inland Revenue and Pakistan Customs will observe Saturday, March 29 as normal working day for collection of duty and taxes to make maximum revenue, a circular…
KARACHI: The Federal Board of Revenue (FBR) has notified transfers/postings of Inland Revenue Services (IRS) officers BS-19-20 with immediate effect and until further orders, a notification said on Thursday. The…