Tenure of Tax Reforms Commission extended for 90 days
KARACHI: The Federal Government has extended the tenure of Tax Reforms Commission for a period of 90 days with effect from February 16, 2015. The Commission has not been able…
Internal Audit unfolds the layers of gold import/export mega scam
KARACHI: The Directorate of Internal Audit (Customs) has unfolded a multi-pronged scam, wherein not only the national exchequer was deprived of approximately Rs35 billion, it also involves forgery of documents…
Customs values of photocopier machines revised
KARACHI: Directorate General of Customs valuation has revised the customs values of Photocopier machine/MFP/A3 vide valuation ruling No.720 / 2015. According to details, numerous representations were received in the Directorate…
Newly posted Collector asked to conduct inquiry into the affairs of MCC Appraisement East
KARACHI: The R&D Appraisement East has approached the new Collector Appraisement East, Manzoor Memon requesting a high level inquiry into the affairs of the Collectorate. The R&D apprised the Collector…
Pharma raw material import; accused officers present their case before Chairman FBR
KARACHI: A delegation of Customs officials accused of clearance of pharmaceutical raw-materials without NOC from DRAP (Drug Regulatory Authority of Pakistan) met with Chairman Federal Board of Revenue (FBR) on…
Appraisement East prepares contraventions against PTCL to evade Rs122 million through mis-declaration
KARACHI: The MCC Appraisement East has prepared two contraventions against Pakistan Telecommunication Company Limited (PTCL) for mis-classification of PCT heading, which resulted in a loss of Rs122.751 to the national…
Mineral coal of Afghan origin to be assessed at $85 per metric ton
KARACHI: The Directorate General of Customs Valuation has determined that mineral coal of Afghanistan origin falling under HS code 2701.1900 may be assessed at $85 per metric ton. Coal Traders…
Customs values of Diyar Timber, Plain Particle Board and Prime Moulded Fibre Board Door Skin revised
KARACHI: Directorate General of Customs valuation has revised the customs values of Diyar Timber, Plain Particle Board and Prime Moulded Fibre Board Door Skin vide valuation ruling No.719 / 2015.…
Assignments of Additional Collectors redefined at MCC Appraisement East
KARACHI: The Collector MCC Appraisement East, Manzoor Memon has redefined the assignments and responsibilities of Additional Collectors. Additional collector-I, Khaleel Ibrahim yousafani would look after the affairs at Establishment Branch,…
WeBOC unlikely to achieve development targets
KARACHI: The Pakistan’s automated system for Customs, WeBOC may not achieve its development and up gradation targets as the entire WeBOC team has resigned from PRAL in the last 10…
Provisions of Import Policy being ignored; MCC Port Qasim issues alert
KARACHI: Collector MCC Port Qasim, Surayya Ahmed Butt has issued an information alert to the entire Appraisement South region highlighting their finding that mandatory provisions of Import Policy Order are…
Appraising Officers Association to meet Chairman FBR on Tuesday
KARACHI: Pakistan Appraising Officers Association has approached Chairman FBR Tariq Bajwa to spare some time for a meeting with the Association on Tuesday. Tariq Bajwa and Member Customs Nisar Mohammad…
Documentation of economy; higher advance tax rates notified for non-tax return filers
KARACHI: With a view to encourage documentation of economy, the Federal Government has notified higher rates of advance tax on imports made and goods/services provided by non-tax-return filers. Federal Government…
Draft procedure notified for transshipment of cargo from gateway ports to dry ports
KARACHI: The MCC Appraisement West has laid down the draft procedure pertaining to the transshipment of imported containerized cargo from gateway ports to dry ports. This following procedure is the…
Customs values of Bopp Film revised
KARACHI: Directorate General of Customs valuation has revised the customs values of Bopp Films vide valuation ruling No.718 / 2015. According to details, Importers of different types of Bopp Film,…
NBP beats PIA 3-1 in Quaid-e-Azam Gold Cup Hockey Tournament final
KARACHI: Defending Champion NBP stunned National Champion PIA 3-1 in the final of the 5th Quaid-e-Azam Gold Cup Hockey Tournament organized by Preventive Pakistan Customs at the Pakistan Customs Preventive…
Draft procedure notified for the issuance of transshipment permit
KARACHI: The MCC Appraisement East has proposed the procedure for the issuance of transshipment permits. According to the 2nd draft of Import Manual prepared by MCC Appraisement East, Transshipment permit…
MCC Appraisement East drafts procedure for import of duty free containers
KARACHI: MCC Appraisement East has notified the draft procedure for the import of duty free containers through the 2nd draft of Import Manual prepared by Deputy collector Asim Rehman. Ship…
Quaid-e-Azam Gold Cup Hockey final on Friday
KARACHI: The 5th Quid-e-Azam Gold Cup Hockey Tournament final will be played on Friday at 15:00 hours PST between two National teams Pakistan International Airlines (PIA) and National Bank of…
Regulatory duty in the range of 5-15 percent imposed on import of 314 products
KARACHI: The Federal government has imposed regulatory duty in the range of 5-15 percent on the import of 314 products including edibles through SRO 121(I)/2015. Earlier in June 2014, government…