Importer served Audit Observation
KARACHI: Directorate of Post Clearance Audit has served an Audit Observation on M/s Al-Hafeez Electronics Karachi for payment of Rs20.6 million as was short-paid. Scrutiny of import data found that…
Reckitt Bankiser Pakistan served Audit Observation
KARACHI: Directorate of Post Clearance Audit has served an Audit Observation on M/s Reckitt Bankiser Pakistan for payment of Rs4.057 million as was short-paid. During scrutiny / audit of import…
Duty/tax exemptions on import of Asian make old/used cars reduced
KARACHI: The Federal Government has reduced duty/tax exemptions available on the import of old and used automotive vehicles of Asian makes meant for transport of persons. Henceforth, incidence of cumulative…
Regulatory duty increased by 10 percent on import of old/used vehicles
KARACHI: The Federal Government has increased regulatory duty on the import of old and used cars with effect from December 01, 2015. SRO 1176(I)/2015 has notified the revised schedule of…
Concrete Mixer Truck case adjourned, report called
KARACHI: Calling a report from Federal Board of Revenue that whether concrete mixer trucks imported by any company in Pakistan have been released after inspection by local agents of an…
Customs Intelligence Peshawar seizes smuggled goods
KARACHI: Staff of the Directorate I&I, Peshawar seized two containers having huge quantity of smuggled goods on GT road Peshawar and arrested two persons. Two separate FIRs have been lodged…
Importers encouraged to voluntarily pay short-paid duty/tax
KARACHI: The importers and clearing agents who mistakenly or intentionally misdeclared the status of LC in their Goods Declarations (GDs) are advised to voluntarily come up and rectify their record.…
SHC adjourns SCRAs asking counsel to come prepared
KARACHI: A division bench of High Court of Sindh comprising Justice Munib Akhtar and Justice Zulfiqar Ahmed Khan on Monday adjourned hearing of three identical Special Customs Reference Applications (SCRAs)…