Customs values of toilet soaps revised
KARACHI: The Director of Customs Valuation Karachi Dr. Wasif Memon has revised the customs values of toilet soap vide Valuation Ruling No.863/2016. Customs values of toilet soap were earlier determined…
Customs values of PVC sheets revised
KARACHI: The Director of Customs Valuation Karachi Dr. Wasif Memon has revised the customs values of PVC transparent clear flexible/printed sheet vide Valuation Ruling No.862/2016. Customs values of PVC Transparent…
PCA detects duty/tax evasion of Rs289.58 million in May 2016
KARACHI: Directorate of Post Clearance Audit Karachi has detected duty/tax evasion and short payment of Rs289.58 million in the month of May 2016 by various companies and traders. The Directorate…
Backlog at KICT reduced by 80 percent
KARACHI: The container backlog at Karachi International Container Terminal (KICT) has reduced by 80 percent with the joint efforts of MCC Appraisement West, KICT management and Karachi Customs Agents Association…
FIR lodged against M/s Master Beverages & Food Limited in a multi-million fiscal fraud case
KARACHI: MCC Port Qasim has finally lodged an FIR against M/s Master Beverages & Food Limited initiating criminal proceedings against the company pertaining to fiscal fraud. MCC Port Qasim has…
FBR committed to strong trade related IPR enforcement
KARACHI: The Federal Board of Revenue (FBR) has its focus on Intellectual Property Rights (IPR) enforcement, and Directorate General of IPR is setting up Enforcement Directorate in Lahore, which would…
Duty draw back case: SHC adjourns hearing, permits urgent hearing application
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Abdul Malik Gaddi on Wednesday adjourned hearing of a Special Customs Reference Application filed…