SHC reserves judgment in 30 year old Sales Tax case
KARACHI: The judgment was reserved in a more than 30 year old case pertaining to Sales tax filed by Hamdard (Waqf) Laboratories against tax authorities. A divisional bench of Sindh…
SHC orders de-sealing of pharmaceutical company
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Chief Justice Sajjad Ali Shah and Justice Anwar Ahmed Khan on Wednesday ordered de-sealing of Euro Pharmaceuticals. The bench…
Tax amnesty scheme brings filers on ATL in 72 hours
KARACHI: The traders opting for voluntary tax compliance scheme (tax amnesty scheme) would be included in the Active Taxpayers List (ATL) within 72 hoursand they would be entitled to all…
Goods transporters go on strike
KARACHI: As the negotiations between goods transporters and Commissioner Karachi failed, the United Goods Transporters Alliance Pakistan (UGTAP) has gone on a strike from February 04, 2016 for an indefinite…
NA Finance Committee visits Customs House
KARACHI: National Assembly Finance Committee visited Customs House on Wednesdays and held meetings with senior officers. Member Customs Nasir Masroor was also present on the occasion. The Committee reviewed the…
Pharmaceutical firms asked to deposit evaded duty/taxes of Rs 43.43 million by Collector Customs Adjudication Jawaid
KARACHI: Chaudhry Muhammad Javaid Collector of Customs Adjudication II in the two identical mis-declaration cases has directed M/s Glaxo Smithkline Pakistan and M/s Abbott Laboratories Pakistan Limited Karachi to pay…
SHC allows SCRA in respect of custom duty refund claim in luxury vehicle case
KARACHI: Pakistan Customs lost an application against the decision by Special Customs tribunal as its officials failed in proving before the court that vehicle in dispute (Hummer) is a luxury…
SHC allows SCRA against demand of bonded ware house establishment charges
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Zulfiqar Ahmad Khan allowed a Special Customs Reference Application (SCRA) filed by Messers Ally…
ASO Preventive recovers 3.4 tons of charas
Breaking News: KARACHI: The Anti Smuggling Organisation (ASO) of Model Collectorate of Customs (MCC) Preventive has foiled a bid to smuggle large quantity of charas and arrested two accused at…
ASO Preventive recover charas
KARACHI: The ASO of MCC Preventive has foiled a bid to smuggle charas and arrested one person identified as Dad Mohammad s/o Baz Mohamnmad. A passenger bus was also taken…
PCA Karachi detects revenue leakge of Rs531 million
KARACHI: The Directorate of Post Clearance Audit has made remarkable performance in the month of January 2016 and detected 48 cases involving revenue of Rs531 million. Post Clearance Audit headed…
FBR in full gear to make Voluntary Tax Compliance Scheme a success
KARACHI: Special Assistant to Prime Minister on Revenue Senator Haroon Akhtar Khan on Tuesday inaugurated a control room-cum-operational room in the FBR Headquarters to coordinate activities in FBR’s field formations…
AFU Lahore recovers 500 donkey hides
KARACHI: Customs AFU Lahore has seized 500 donkey hides from Royal Shed AFU and arrested two persons. Additional Collector Jamil Nasir had this information. Subsequently, Assistant collector Export Mohammad Ikram…
Revenue collection by Pakistan Customs surge 10.9 percent
KARACHI: The overall revenue collection by Pakistan Customs in the fiscal year so far i.e. seven months (July-January 2016) has surged by 10.9 percent to Rs589.078 billion as against Rs531.05…
Collector Customs Adjudication Muhammad Jawaid directs pharmaceutical firm to deposit evaded duty Rs 14.64 million
KARACHI: Chaudhry Muhammad Javaid Collector of Customs Adjudication II has directed M/s Sami Pharmaceuticals (Private) Limited Karachi to pay duty and taxes amounting to Rs 14.64 million as the Company…
SHC ORDERS Pakistan Customs to avail legal remedies in 10 days
KARACHI: The authorities of Pakistan Customs were directed by a divisional bench of High Court of Sindh comprising to avail legal remedies available to them within 10 days against an…
Sheikh Tariq appointed Chairman of FPCCI Standing Committee on Customs Agents
KARACHI: President Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Abdul Rauf Alam has appointed Sheikh Mohammad Tariq as the Chairman of FPCCI Standing Committee on Customs Agents for…
MCC Quetta continues targeting smuggling
KARACHI: The MCC Quetta in two separate operations conducted with the assistance of FC Quetta has seized huge quantity of smuggled goods worth over Rs2.0 million. Information was received by…
Engro Elengy suit adjourned till Feb 19 by SHC
KARACHI: Justice Muhammad Junaid Ghaffar of High Court of Sindh (SHC) on Monday adjourned hearing of a suit filed by Engro Elengy Limited against levy of Sales Tax, Income tax…
Senior custom officers transferred by FBR
KARACHI: Federal Board of Revenue (FBR) ordered transfer of five senior officers here on Monday with immediate effect and until further orders. Those transfered included Nadeem Ahsan (BS-19), Additional Director,…