R&D recovers Rs9.2 million
KARACHI: The R&D Section of Customs Appraisement has recovered Rs9.2 million short-paid through deliberate violation of Valuation Ruling No. 602/2013. According to details, two Goods Declarations were deleted by R&D…
MCC Port Qasim detects fraudulent activity
KARACHI: The Model Customs Collectorate (MCC) of Port Qasim has found fraudulent activities in the transshipment port (TP) consignments resulting in losses to the national exchequer. In this instant case,…
Top customs officials transferred
KARACHI: Federal Board of Revenue (FBR) on Wednesday notified transfers and postings of top officials of Pakistan Customs Services with immediate effect. According to the notification the following officers of…
Valuation Ruling No.655/2014 amended
KARACHI: Directorate General of Customs Valuation has made amendments to the Valuation Ruling No. 655/2014, according to notification issued on Tuesday. The following addendums/amendments are included: 1. In the existing…
Training program launched for customs officers
KARACHI: Pakistan Customs has launched training programs/ courses related to e-filing of tax returns, conflict management and business process re-engineering. The first session of the training program was held on…
MCC-Appraisement West checks short-recovery of revenue
KARACHI: The Model Customs Collectorate of Appraisement West has detected revenue loss due to incorrect classification, valuation and claim of SROs. The R&D section found out short-payment of duty/taxes on…
Importer, clearing agent, bonded-carrier jointly commit huge fraud
KARACHI: One M/s Awan Enterprises, Lahore and M/s Friends Logistics have come up with a master plan to smuggling and pilfering goods and deprived national exchequer of the legitimate duties…
Tax experts suggest formation of independent body to monitor FBR transparency
ISLAMABAD: Tax experts have proposed setting up an independent body for monitoring the working of Federal Board of Revenue (FBR) to check corruption and ensure transparency. The experts said that…
Auction for vehicles/motorcycles, misc goods to be held on April 14 at Gaddani
KARACHI: Pakistan Customs to conduct an auction of vehicles/motorcycles and miscellaneous goods on April 14, 2014 at Customs House, Gaddani, a notification said on Thursday. The auction-able vehicles are included:…
Two FIRs lodged for mis-declaration through submission of fake Form-E
KARACHI: The Model Customs Collectorate of Exports has lodged two separate FIRs against two separate companies for committing mis-declaration through submission of fake Form-E fraudulently to avoid realization of foreign…
Customs Values for new branded heavy motorcycles revised
KARACHI: Pakistan Customs has determined the valuation of new branded heavy motorcycles for five importable years for the purpose of levying duties and taxes, a notification said on Tuesday. The…
DG Valuation revises Customs values of auto parts
KARACHI: the Directorate General of Customs Valuation has issued amendment to Valuation Ruling No.661/2014 and revised Customs values of certain replacement auto parts. The Customs values of various replacement auto…
SHC orders clearance of PIA aircraft on submission of bank guarantee
KARACHI: Pakistan Customs held two aircrafts imported by Pakistan International Airlines (PIA) on lease, as the national flag carrier refused to pay the duty/tax. PIA took this stance that the…
Guidelines for market survey to determine Customs values issued
KARACHI: The Directorate General of Customs Valuation has issued guidelines for conducting market survey pertaining to determination of valuation rulings and has defined the responsibilities of directors and assistant directors.…
Customs issues corrigendum to valuation of tyres, tubes
KARACHI: The Directorate General of Customs Valuation has issued corrigendum to valuation ruling 659/2014 dated March 29, 2014 regarding valuation of tyres and tubes. The valuation has been amended after…
Valuation of Chinese origin unbranded audio/video system/MP3 for vehicles fixed up to $15/pc
KARACHI: Pakistan Customs has revised the valuation of Chinese origin unbranded audio/video system/MP3 for vehicles up to $15 per piece for the collection of duty and taxes, a notification said.…
Auction for vehicles, general cargo to be held on April 10 at SWH, Customs House
KARACHI: Pakistan Customs to conduct an auction for leftover lots of vehicles and general cargo on April 10, 2014 at SWH, Customs House, Karachi, a circular said on Wednesday. The…
Auction for vehicles, goods to be held on April 7 at MCC, Sambrial Sialkot
KARACHI: Auction for vehicles and miscellaneous goods will be held on April 7, 2014 at MCC, Sambrial Sialkot, a notification said on Wednesday. The auction-able vehicles are included: 1. Used…
Valuation for baby diapers fixed up to $2.70/kg
KARACHI: Pakistan Customs has revised the valuation on import of baby diapers up to $2.70 per kilogram because previous customs values failed to reflect the current prices of the international…
Customs Values for motorcycle parts of Chinese origin fixed up to $25/kg
KARACHI: Pakistan Customs on Tuesday determined the valuation for motorcycle parts of Chinese origin up to $25 per kilogram for the collection of duty and taxes. The Directorate General of…