Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Customs Classification Committee, headed by Zeba basher Ahmed, has defined PCT heading 7408.1100 as most appropriate for the classification of ‘Continuous Cast Copper Wire in Coils’ and ‘Electrolytic…
KARACHI: The Customs Appellate Tribunal has limited the additional demand created against a fabric importer to adjudged duty/taxes; fine and penalties imposed were struck down. According to the details of…
KARACHI: The Customs Appellate Tribunal has struck down the additional duty/tax demand created by Customs authorities against a tile importer. According to the details of the case, M/s home Life…
KARACHI: The Federal Board of Revenue (FBR) and Customs are quite committed to recover government revenue to the tune of billions of rupees evaded under the Afghan Transit scam. The…
KARACHI: MCC Port Qasim has issued an Alert to the Customs formations to remain vigilant regarding bilateral trade of agro-commodities through Pak-Afghan border in violation of Pakistan Plant Quarantine Act…
KARACHI: National Assembly Standing Committee on National Food Security & Research that visited Port Qasim and QICT on Tuesday to physically inspect the sub-standard wheat imported from Ukraine, vowed to…
KARACHI: As many as 40 consignments of wheat imported from Ukraine have been detained at QICT, as the commodity was found unfit for human consumption by the Department of Plant…
KARACHI: MCC Exports has detected evasion of regulatory duty on export of potatoes through mis-declaration of classification. According to details, during scrutiny of Goods Declarations, it was observed that two…
KARACHI: Re-emergence of large-scale corruption and hence revenue leakage is feared as the Customs under pressure of clearing agents’ cartel has withdrawn the cross-check imposed on clearance of consignments under…
KARACHI: MCC Appraisement West has initiated default proceedings against a large number of importers, who failed in meeting their payment obligations; as many as 161 post-dated cheques deposited by almost…
KARACHI: The MCC Appraisement East has advised all the deputy/assistant collectors to conduct post release verification (PRV) of goods declarations clearing July 01 to December 15, 2014 and submit the…
KARACHI: MCC Appraisement West has made it mandatory for the clearing agents seeking license renewal to personally appear before the Customs authorities, as Customs has streamlined licensing procedure for clearing…
KARACHI: MCC Port Qasim has approached Sindh High Court against six orders issued by Customs Appellate Tribunal in cases of similar nature raising several questions of law, which the Tribunal…
KARACHI: Surraya Butt, Collector MCC Port Qasim, has redefined the responsibilities and assignments of senior officers of the Collectorate. Accordingly, Irfan Javed Additional collector-III will look after the affairs at…
KARACHI: MCC Export – Port Muhammad Bin Qasim (EPZ), Karachi has booked a cartel of importers for illegally overriding One Customs Computerized System and Customs documents to defraud the exchequer.…
KARACHI: The Federal Board of Revenue (FBR) has notified transfer/posting of Grade-19 officers of Pakistan Customs Service (PCS). Pervez Esbhani of BS-19 has been transferred from the office of Director…
KARACHI: The Federal Board of Revenue (FBR) has notified transfer/posting of Grade-19 officers of Inland Revenue Service (IRS). The officers moved would assume their new offices with immediate effect. Following…
KARACHI: The Department Audit Committee (DAC) of Federal Board of Revenue (FBR) meetings on the audit reports including special studies/performance audit reports for the years 2008-09, 2010-11 & 2011-12 will…
KARACHI: Customs Appraisement has detected gross misuse of concessionary SRO 1125(I)/2011 and created demand of Rs 10 million on the import of ‘Triethanolamine’. A meeting was held at the Appraisement…
KARACHI: Pakistan and Sweden have signed a convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income on December 22, 1985.…