Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Justice Muhammad Shafi Siddiqui of High Court of Sindh hearing a plea by Pakistan Customs lawyers adjourned hearing of a suit filed by importers of raw cotton. According to…
KARACHI: Chairman Classification Committee Additional Collector Haris Ansari has made a ruling that ‘light white oil Farol 100’ is appropriately classifiable under PCT 2710.1250, keeping in view it is a…
KARACHI: Muhammad Jawed Zakaria (Judicial Member) Appellate Tribunal Inland Revenue (Pakistan) Karachi rejecting appeal of M/s Faysal Bank Limited has directed to pay default surcharge levied by the Commissioner Inland…
KARACHI: Muttahida Qabail Federation (MQF) has offered their services and support to the government of Pakistan to provide security and protection to China-Pakistan Economic corridor (CPEC). MQF is an alliance…
KARACHI: The Director of Customs Intelligence & Investigation (Enforcement Karachi) Yaqoob Mako gave a presentation to Director General I&I Imtiaz Ahmed Khan regarding directorate’s performance, measures taken as well as…
KARACHI: Member Admin – FBR has accepted the appeal of Asad Aleem Principal Appraiser (BS-17) and set aside the minor penalty imposed on him by the authorized officer. The Board…
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has granted the Revision Petition filed by M/s DIC Pakistan Limited and revised the Valuation Ruling No. 854/2016 determining customs values of…
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi, on Wednesday part heard a Special Custom Reference Application filed…
KARACHI: A divisional bench of High Court of Sindh (SHC) summoned Collector Customs, Model Customs Collectorate, Hyderabad on Aug 23 in two different but identical applications for contempt of court.…
KARACHI: The Honorable High Court of Sindh yesterday granted a stay order against the Federal Government’s move to deny offset of input sales tax on services paid to provinces against…
KARACHI: The Federal Board of Revenue (FBR) has notified transfers and postings of Inland Revenue Service (IRS) officers of BS-17, BS-18, BS-19 and BS-20. Muhammad Naseer Butt (BS-20) is moved…
KARACHI: Member Customs – FBR has stayed the promotions of appraising officers (BS-16) through a verbal order, sources said. FBR’s Departmental Promotion Committee (DPC) on July 24, 2016 had approved…
KARACHI: The Federal Tax Ombudsman (FTO) has recommended for Federal Board of Revenue (FBR) to evolve a mechanism to monitor pending test reports in all cases of provisional assessment to…
KARACHI: Directorate General Customs Valuation has so far issued 30 valuation guidelines for the reference of assessment staff so that under-invoicing and mis-declaration could be eliminated. Director General Syed Tanveer…
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi on Tuesday restrained the Inland Revenue (IR) department from harassing…
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi on Tuesday deferred hearing of dozens of Special Custom Reference…
KARACHI: AL-Baraka Bank (Pakistan) Limited (ABPL), a Bahrain and Emirates joint entity, has decided to purchase ‘The Burj Bank Pakistan and submitted the same for this possible merger to the…
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of copper tube & copper capillary tube vide Valuation Ruling No. 911/2016. The customs values of copper tube &…
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of mobile accessories vide Valuation Ruling No. 908/2016. There are numerous reports that mobile accessories of different specifications are…
KARACHI: Pakistan Stock Exchange Limited (Formerly: Karachi Stock Exchange Limited) has received an overwhelming feedback from foreign as well as local investors in response to its invitation for Expression of…