Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Directorate General of Customs valuation has revised the customs values of Ferro Manganese, Silicon & Silicon Manganese vide valuation ruling No.715 / 2015. According to details, M/s. Pakistan Steel…
KARACHI: The MCC Appraisement West has passed an assessment order declaring the customs values of Iron Wire rope at $1.3 per KG as appropriate within four corners of law. According…
KARACHI: The Federal Board of Revenue (FBR) has notified that Nazia Saleem, PCS/BS-17, presently posted as Assistant Director, Directorate of Reforms and Automation (Customs), Karachi is promoted to BS-18 on…
KARACHI: The value added textile sector has expressed their apprehensions at the proposal of the business friendly Government to impose additional import duty on import of cotton yarn from India.…
KARACHI: The State Bank of Pakistan (SBP) has decided to delink renewal of license of Exchange Companies with the inspection rating. SBP in April 2012 linked duration of license of…
KARACHI: The Federal Board of Revenue (FBR) has advised all advocates and counsels of the Board to expedite the constitutional petitions or writ petitions relating to the ‘terms and conditions’…
KARACHI: A meeting of Chairman Federal Board of Revenue (FBR) with Supreme Court of Pakistan has developed consensus on clubbing and early hearing of cases. The meeting decided that FBR…
KARACHI: The Federal Board of Revenue (FBR) has advised Chief Collector Appraisement South to furnish the annual confidential reports (ACR) of principal appraisers as these are required in connection with…
KARACHI: The Customs Adjudication has imposed a penalty of Rs50,000 each on two Pakistani nationals for making an attempt to smuggle excess amount of foreign currency out of Pakistan. Outright…
KARACHI: The State Bank of Pakistan (SBP) sees total transformation of cash processing business from manual to automation in next five years and has asked commercial banks to align their…
KARACHI: Directorate General of Customs valuation has revised the customs values of Mosquito Coil & Aerosol Insecticide Spray vide valuation ruling No.714 / 2015. According to details, numerous representations of…
KARACHI: The Customs duty collection by Pakistan Customs surged by 22.6 percent to Rs141.052 billion during seven months ended January 31, 2015 as compared with the collection of Rs115.866 billion…
KARACHI: Directorate General of Customs valuation has revised the customs values of Energy Drinks vide valuation ruling No.713 / 2015. According to details, numerous representations received in the Directorate to…
KARACHI: The Customs Adjudication has imposed a penalty of Rs50,000 on a Bangladeshi national for making an attempt to smuggle contraband gold out of Pakistan. The gold slabs and other…
KARACHI: Director General Intelligence & Investigation (I&I) has taken a strict notice that an official, who was put on duty-off as disciplinary proceedings, appeared at a press conference claiming to…
KARACHI: Unidentified armed men shot two Customs officers on Friday night, of which one Senior Preventive Officer (SPO) Salahuddin succumbed to his injuries on Sunday, while SPO Mehmood is being…
KARACHI: The Federal Board of Revenue (FBR) has notified transfer/posting of Grade-17&18 officers of Inland Revenue Service (IRS). The officers moved would assume their new offices with immediate effect. S.…