Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Directorate of Post Clearance Audit (PCA) Karachi has served three Audit Observations to M/s Universal Enterprises and advised the company to deposit Rs3.18 million into the exchequer as it…
KARACHI: Deciding a controversy in respect of import of used, old prime movers, Customs Appellate Tribunal headed by Muhammad Nadeem Qureshi and Muhammad Yahya dismissed an appeal filed by the…
KARACHI: The Federal Board of Revenue (FBR) has issued the list of cases selected for audit for tax period July 2013 to June 2014 and tax year 2014 to ensure…
KARACHI: The Model Customs Collectorate of Appraisement East has started encashing the bank guarantees submitted by the importers against provisional release of their consignments. A number of importers were contesting…
KARACHI: The Model Customs Collectorate of Appraisement East has notified re-distribution of work among appraising and examining officers. Accordingly, Appraising including Zafar Shabir has been assigned Group-I; Noor Ellahi R&D;…
KARACHI: The Directorate of Intelligence & Investigation has seized around 3.0 tons of explosive material (fire crackers) worth Rs20 million. According to the details of the case, information was received…
KARACHI: MCC Preventive Anti-Smuggling Organization has seized goods worth millions of rupees in five different cases and arrested two persons. All these operations were carried out on the information of…
KARACHI:-A division bench of High Court of Sindh (SHC) barred deduction of Advance Tax from the Staff Gratuity Fund of Meezan Bank (Pvt) Limited. The bench hearing a constitution petition…
KARACHI: Several facts have emerged suggesting that the Customs officers arrested by NAB in M/S Al-Shamsher Engineering (Pvt) Ltd case was not warranted as their role was limited to the…
KARACHI: There are multiple and far-reaching consequences of illicit trade in cigarettes. This includes annual revenue loss of over Rs24 billion to the Government of Pakistan, a report named ‘Challenge…
KARACHI:-The hearing of bail applications in seven different FIRs filed by a clearing agent of US Consulate at Karachi was adjourned till September 16 by Justice Niamatullah Phulpoto here Friday.…
KARACHI: The Federal Board of Revenue (FBR) is likely to notify transfers and postings of Pakistan Customs Service (PCS) officers of Grade-17 and Grade-19 next week, sources told Customnews.pk on…
KARACHI: The Federal Board of Revenue (FBR) has notified Rules governing imports and exports at border Customs station. Accordingly, on arrival of the import goods into Pakistan, the gate-in officer…
KARACHI: The Federal Minister for Finance & Revenue, Senator Muhammad Ishaq Dar, constituted a committee to consider grievances of service providers in relation to minimum tax imposed on the corporate…
KARACHI: The Customs Collectorate Peshawar has sealed two godowns and seized 7,000 bags of white refined sugar as the commodity was to be exported to Afghanistan, but it was being…
KARACHI: The Directorate of Post Clearance Audit (PCA) Customs has served an Audit Observation to M/s IBL Operations Pvt Limited pertaining to evasion of duty and taxes of Rs24.464 million…
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Aziz-ur-Rahman, Thursday, adjourned till Sept 16, hearing of a plea seeking up-gradation of the…
KARACHI: Directorate General of Customs Valuation has determined the values of brake fluid vide Valuation Ruling No. 759/2015. The Customs values of brake fluid were determined vide Valuation Ruling No.…
KARACHI: The Customs Collectorate Peshawar has lodged four FIRs against highly influential persons for their involvement in the sugar export subsidy scam. They all evaded duty/taxes and fraudulently availed huge…
KARACHI: The Federal Board of Revenue (FBR) has advised Customs Preventive to coordinate with Director State Bank of Pakistan (SBP) for devising the appropriate mechanism to enforce revised foreign currency…