Makers of LG electronics may lose green channel profile
KARACHI: The R&D of Appraisement West has found evasion of duty through mis-declaration of Quantity on part of M/s New Allied Electronics Industries, which might deprive the company of its…
M/s Firpo approaches Sindh High Court against mis-assessment of their consignment
KARACHI: M/s Firpo (Pvt) Ltd has approached Sindh High Court challenging the Customs assessment staff for implying Valuation Ruling No. 661/2014 to assess their import consignment comprising mini motorcycle lamps.…
PTCL liable to pay Rs430 million as PCT Committee dismisses redefinition application
KARACHI: The Classification Committee of Customs (PCT Committee) has dismissed the reference application of M/s PTCL to redefine the classification of Smart TV Set Top Box, and now M/s PTCL…
PCT Committee rejects M/s ICI application to reclassify Wannate 8019
KARACHI: The Classification Committee of Customs (PCT Committee) has dismissed the reference application of M/s ICI to redefine the classification of Wannate 8019, as the case does not call for…
Appraisement West’s investigation team due at MCC Hyderabad on Tuesday
KARACHI: The team formed by Mohammad Saleem Collector Appraisement West to examine and assesses motorcycle parts/kits consignments will leave for Hyderabad on Tuesday morning. Team comprising Usman Tariq Assistant Collector,…
Appraisement West pursues investigations against motorcycle manufacturers after DG I&I was stayed by the Court
KARACHI: In pursuance of Federal Board of Revenue (FBR) directives, Collector Appraisement West has constituted a team for carrying out examination and assessment of motorcycle kits/parts at MCC Hyderabad. The…
FBR initiates audit of jewelers; gold import/export data sought from Customs
KARACHI: The Federal Board of Revenue (FBR) has selected 60 taxpayers (Jewelers) for audit for the tax year 2013 through computer ballot. The Inland Revenue has asked Pakistan Customs to…
Illegal removal of non-duty paid goods; Appellate Tribunal upheld penalties on importer, agent, terminal operator
KARACHI: The Customs Appellate Tribunal has charged the importer, clearing agent, shipping agent and custodian terminal and upheld imposition of Rs200,000 each for illegal removal of imported consignment without payment…
Tribunal strikes down fine, penalty imposed by Customs for being malafide in nature
KARACHI: The Customs Appellate Tribunal has struck down the fine and penalties imposed by Customs Adjudication on a mineral oil importer for being malafide on the part of Customs Appraisement,…
FBR notifies list of BS-18 officers nominated for 19th Mid Career Management Course
KARACHI: The Federal board of Revenue has nominated several officers of IRS/BS-18 and PCS/BS-18 for 19th Mid Career Management Course, which is mandatory for promotion as per the revised promotion…
Raw material importer booked for abusing concessionary SRO to defraud exchequer
KARACHI: The Directorate of Intelligence and Investigation of Inland Revenue has lodged FIR against plastic sector raw material importer for abusing the concessionary SRO 670(I)/2013 to defraud national exchequer of…
Appraisement West detects short-realization of revenue because of mis-assessment
KARACHI: The MCC Appraisement West has found short realization of revenue due to mis-declaration/mis-assessment of classification of hand pallet trucks imported and cleared against six goods declarations. R&D West has…
435 cases pending before Customs Court due to unavailability of judge
KARACHI: As many as 425 cases are pending before the Special Customs and Taxation Court, which has become vacant with the retirement of Special Judge Soofia Latif on October 10,…
FIR lodged against wheat importer for defrauding the exchequer
KARACHI: Model Customs Collectorate (MCC) of Port Muhammad Bin Qasim has lodged an FIR against wheat importers who tried to defraud the exchequer taking the advantage of flaws in online…
Motorcycle makers found misappropriating weight/quantity of imported consignments to defraud exchequer
KARACHI: Directorate General of Intelligence & Investigation FBR has found evasion of duty/taxes to the tune of millions of rupees as importers of motorcycle auto parts were misappropriating the quantity/weight…
Customs approach SHC against absolving of Customs agents by Tribunal in Afghan Transit scam
KARACHI: The MCC Appraisement West has also approached Sindh High court (SHC) against orders of Customs Appellate Tribunal in 18 cases, in which a large number of clearing agents were…
Examining staff advised to synchronize uploaded images of goods with description in GD
KARACHI: MCC Appraisement West has advised the examining officials shall give item description/trade name, serial number of the item appearing in the GD to relevant image being uploaded at the…
Pakistan’s money financing terrorist groups; smuggling cartel depriving kitty of Rs2.0 billion each month
KARACHI: The country is deprived of billions of rupees of its legitimate revenue by the hands of smugglers; there is enough reason to believe that the money generated through this…
Classification committee defines 2520.2000 most appropriate PCT for calcium sulphate
KARACHI: The Customs Classification Committee headed by zeba Bashir Ahmed has decided that 2520.2000 is the most appropriate PCT heading for Calcium Sulphate (hemihydrates-dehydrate). MCC Port Qasim had referred the…
Customs values of Formic Acid revised
KARACHI: The Directorate General of Customs Valuation has revised the values of Formic Acid (HS Code: 2915.1100) vide Valuation Ruling No. 703/2014. A reference from Pakistan Chemical Dyes Merchants Association…