Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The staff of Pakistan Customs posted at International Arrival, Jinnah International Airport Karachi recovered and seized 2.99 kilograms of assorted gold jewelry from the possession of two passengers coming…
KARACHI: Directorate General of Transit Trade has submitted the interim challan before the Court of Special Judge (Customs & Taxation) regarding the pilferage of generators off US Army reverse cargo.…
KARACHI: The Chief Collector of Customs Appraisement (South) has notified transfers of the entire appraising staff posted at Directorate General of Transit Trade. Sources said that these transfers were notified…
KARACHI: The Directorate General of Customs Valuation has revised the customs values of black pepper and white pepper vide valuation ruling No. 743/2015. It was brought to the notice of…
KARACHI: The Directorate of Afghan Transit Trade (ATT) raided the office of M/s Bilal Associates in Clifton, Karachi and all the records, email history and computers were taken into possession.…
KARACHI: Director General of Customs Valuation has revised the customs value of conventional and inverter type air conditioners vide valuation Ruling No.744/2015. According to details, the valuation department received a…
KARACHI: Directorate General of Customs Valuation, has determined the customs value of imported floral foam vide valuation Ruling No.745/2015. According to details, the valuation department had received many cases regarding…
KARACHI: The MCC Port Qasim has referred Post-Release Verification (PRV) to scrutinize all imports of thermoplastic rubber compound, as mis-declaration of classification has been detected pertaining to the imports of…
KARACHI: The MCC Port Qasim has decided to approach Collector (Appeals) against the decision of Customs Adjudication to waive charges of mis-declaration in respect of description and classification developed by…
KARACHI: The Federal Board of Revenue (FBR) has notified large-scale promotions in Inland Revenue Service (IRS) and Pakistan Customs Service (PCS), however, the postings of promoted officers would be announced…
KARACHI: As the holy month of Ramadan is closing in, there has been a sudden surge in street crime in the Karachi as well as the prices of essential goods…
KARACHI: Pakistan’s budget receipts are largely dependent on the funding from external sources as the economic managers have estimated Rs896 billion from external sources during 2015-16, which include both planned…
KARAHI: The Directorate of Reforms and Automation has made necessary changes in the WeBOC system and barred the shipping lines from making amendments in Import General Manifest (IGM) after the…
KARACHI: The Ministry of Finance through the Federal Budget 2015-16 has increased the minimum rate of customs duty to 2.0 percent from 1.0 percent earlier, while duty structure has also…
KARACHI: The government unveiled its third budget with an outlay of Rs4,451billion (+3.5% YoY), aligned towards (1) growth and (2) containment of fiscal deficit. Encouragingly, government announced measures to promote…
KARACHI: The Customs Intelligence & Investigation Hyderabad has seized large quantity of smuggled cigarettes, gutka and other miscellaneous goods and detained four persons for verification. Director Intelligence and Investigation, Lutfullah…
KARACHI: The Finance Bill 2015-16 has proposed to bar Customs authorities from initiating recovery proceedings if in any case, any duty/tax is not/short levied or erroneously refunded if the recoverable…
KARACHI: The Finance Bill 2015-16 has accorded Federal Board of Revenue (FBR) with unlimited access to financials of any person, association of persons or company. The Bill has proposed to…
KARACHI: The Finance Bill 2015-16 has proposed revision in the income tax rates and slabs on salaried taxpayers as well as non-salaried taxpayers. The minimum income tax rate on the…
KARACHI: The federal cabinet on Friday approved the budget for the fiscal year 2015-16 (FY2015-16), with a total outlay of Rs4.313 trillion, which is 9.1 per cent higher than the…