KTBA elects office bearers for 2016-17
KARACHI: The Karachi Tax Bar Association (KTBA) has elected Syed Rehan Hassan Jafri as the President of Association for the term 2016-17 at the 59th annual general meeting here on…
SHC allows Philip Morris to withdraw petition against ban on advertisement of Tobacco
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Abdul Malik Gaddi on Wednesday allowing a request by Abdul Sattar Pirzada advocate, counsel…
SHC disposes of import machinery Sales Tax case
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Chief Justice Sajjad Ali Shah and Justice Zulfiqar Ahmed Khan on Wednesday disposed of a constitution petition challenging demand…
SHC to hear FED cases on day-to-day basis
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Abdul Mali Gaddi hearing 28 identical petitions against levy of Federal Excise Duty and…
Tax officials raid National Medical Center; detects massive tax evasion
KARACHI: Directorate of Intelligence & Investigation (IRS) as part of a campaign to bracket high net-worth individuals into tax net and plug revenue leakage raided National Medical Center Karachi and…
Directorate of Customs Valuation withdraws Valuation Ruling No.504/2012
KARACHI: Director Customs Valuation Dr. Wasif Ali Memon has withdrawn the Valuation Ruling No.504/2012, which determines values of biscuits under PCT 1905.3100, 1905.3200 and 1905.9000. The Directorate has initiated the…
AMI Pakistan seems to make Noman Rauf a scapegoat
KARACHI: The turns of events suggest contrary to the claims of M/s AMI Pakistan Pvt Ltd that their import manager named Noman Abdul Rauf mis-declared the port of loading and…
SHC adjourns machinery import case until tomorrow
KARACHI: The hearing of a constitution petition seeking release of the goods on payment of 17 per cen custom duty and other levies on machinery imported for a fabrication plant…
Collector Adjudication penalizes cartel involved in pilferage of US Army reverse cargo
KARACHI: Collector Customs Adjudication Abdul Basit Chadury has charged the cartel that caused loss of revenue to government exchequer on account of mis-declaration and pilferage of the transit goods enroute…
Smuggled black tea seizure case: SHC reserves judgment
KARACHI: An appellate bench of High Court of Sindh comprising Justice Munib Akhtar and Justice Sadiq Hussain Bhatti on Monday reserved judgment in a case of confiscation of 24000 kilograms…
Pakistan Customs meet Afghan Customs
KARACHI: A meeting held between Pakistan Customs and Afghan Customs which decided that customs of both the countries would have a monthly meeting at Chaman and Torkham borders for the…
Customs Quetta seizes goods worth Rs41.27 million
KARACHI: Customs Quetta has seized large quantity of smuggled goods worth Rs41.274 million in several operations during first two weeks of March. The seized goods include cloth, food grain, tea,…
Chief Collector Appraisement South notifies transfers of appraising officers
KARACHI: Chief Collector of Customs South has notified transfers and postings of Appraising staff in the region. According to the details, Appraising officers transferred from MCC Appraisement West to different…
MCC Islamabad seizes 1.75KG heroin
KARACHI: Pakistan Customs Staff of Model Customs Collectorate of Islamabad on has foiled an attempt to smuggle 1.750 Kgs of fine quality heroin. The contrabands were artfully concealed in the…
FBR likely to waive penalty on non-filing of withholding statements
KARACHI: Minister of State and Special Assistant to the Prime Minister on Revenue, Haroon Akhtar, has saidon Friday that the government will consider to withdraw penalty notices issued against non-filing…
SHC reserves judgment in CVT case, 64 acres land leased for recreation, leisure
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Abdul Malik Gaddai on Friday reserved judgment in a case questioning levy of Capital…
Export rebate payment surge by 3.93 percent
KARACHI: Pakistan Customs has issued export rebate of Rs8.24 billion during fiscal year 2014/2015, which is 3.93 percent higher as compared to Rs7.93 billion issued in 2013-14, says the Year…
Hepatitis C medicine case: SHC adjourns hearing in petitions impugning price notification
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Zulfiqar Ahmed Khan on Thursday adjourning five identical petitions impugning a notification fixing…
FBR unearths a number of unregistered units in cigarette manufacturing sector
KARACHI: The Federal Board of Revenue (FBR)’s wing, Directorate of Intelligence & Investigation-Inland Revenue (I&I-IR) has exposed several unregistered business units in cigarette manufacturing sector while action has been initiated…
Oil Tanker disposal stayed by SHC in smuggled HSD case
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Zulfiqar Ahmed Khan, on Thursday restrained the Collector Customs Hyderabad from disposing of…