WeBOC system keeps of crashing
KARACHI: The repeated technical issues arising in the WeBOC system poses risk to the entire trade as well as revenue collection system of the country. The WeBOC system crashed in…
SHC orders release of Gas Generators against Bank guarantee
KARACHI: Justice Muhammad Shafi Siddiqui of High Court of Sindh (SHC) on Friday ordered release of Generators that run on gas if the importer submit bank guarantee pending issues of…
Tanker confiscation case adjourned for April 20
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Chief Justice Sajjad Ali Shah and Justice Zulfiqar Ahmed Khan on Friday issued notice for April 20 to Model…
Customs values of welding electrodes revised
KARACHI: Director Customs Valuation Karachi Dr. Wasif Memon has revised the customs values of welding electrodes vide Valuation Ruling No.832/2016. The importers of welding electrodes have agitated against the customs…
Focal person nominated for evacuation of FBR’s land
KARACHI: Chief Commissioner RTO-I Karachi has nominated a Deputy Commissioner as the focal person regarding evacuation of illegal occupants of the FBR’s land in Mauripur of 4,605 acres. Earlier, Omar…
M/s Popular Spinning Mills denied injunctive relief by SHC
KARACHI: The Sindh High Court has dismissed the application filed by M/s Popular Spinning Mills Pvt Ltd seeking injunctive relief regarding customs duty collection at the rate of 15 percent…
SHC to hear suit against Pakistan Steel Mills on April 19
KARACHI: Justice Muhammad Shafi Siddiqui of High Court of Sindh (SHC) on Thursday allowing an application for urgent hearing filed by Fairytex, Private Limited against Pakistan Steel Mills fixed the…
SHC allows in bonding at CPF in four identical petitions
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Chief Justice Sajjad Ali Shah and Justice Zulfiqar Ahmed Khan on Thursday ordered in bonding of imported consignments at…
Customs values of UPS revised
KARACHI: Dr. Wasif Memon Director Customs Valuation Karachi has revised the customs values of uninterrupted power supply (UPS) vide Valuation Ruling No. 831/2016. Customs values of UPS were determined vide…
Transfers & Postings in IRS
KARACHI: Federal Board of Revenue (FBR) has transferred two BS-18 officers of Inland Revenue Service (IRS). Said Iqbal (Inland Revenue Service/BS-18) is posted as Secretary, (OPS) (IR-Policy Wing) Federal Board…
Customs Appraisement South prepares proposals for Federal Budget 2016-17
KARACHI: Customs Appraisement South, in their proposals for the Federal Budget 2016-17, has recommended imposition of regulatory duty (RD) in the range of 5.0 percent to 15 percent on various…
Customs adjudication penalizes M/s GMSA Industries
KARACHI: Collector of Customs Adjudication Chaudry Mohammad Javaid has penalized silicone bottle importer and the clearing agent for evading government’s legitimate revenue by mis-declaring the value of imported goods. Collector…
SHC allows return of bank guarantee
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Chief Justice Sajjad Ali Shah and Justice Zulfiqar Ahmed Khan on Wednesday allowed a petition seeking release of the…
Delay Detention Certificate vires case adjourned
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Chief Justice Sajjad Ali Shah and Justice Zulfiqar Ahmad Khan on Wednesday adjourned hearing of a 31 constitution petitions…
Customs values of mineral grease revised
KARACHI: Director Customs Valuation Karachi Dr. Wasif Ali Memon has revised the customs values of mineral grease vide Valuation Ruling No. 830/2016. The values of mineral grease were determined earlier…
FBR notifies large scale transfers and postings in IRS
KARACHI: The Federal Board of Revenue (FBR) has notified large-scale transfers and postings of Inland Revenue officers of Grade20 to Grade-17. The IRS officers of BS-20 reshuffled include Muhammad Ahmad…
Sharejeel Jamal granted interim bail by SHC in two FIRs
KARACHI: Sharjeel Jamal, a local custom clearing agent was admitted to interim pre-arrest bail in two FIRs No. 18/2016 and No.19/2016 against a solvent surety of Rs0.2 million each here…
I&I-IRs detects tax evasion
KARACHI: On the directives of Director General Intelligence & Investigation –IRS Khawaja Tanveer, the Inland Revenue has expedited its campaign against the tax evaders. During the course, Inland Revenue has…
Mobile phones stolen from ASO, thief arrested
KARACHI: A number of mobile phones and tablets have been stolen from the office of Anti-Smuggling Organization (ASO) Karachi. According to an FIR lodged with Tipu Sultan Police Station lodged…
SHC issues notice to Collector Port Qasim, AG Sindh for April 18
KARACHI: Justice Muhammad Shafi Siddiqui on Tuesday ordered issuance of notices to the Advocate general Sindh and Collector Customs, Model Customs Collectorate, Port Muhammad Bin Qasim for April 18. The…