Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of industrial rubber V-belts, industrial rubber conveyor belts and industrial rubber hose pipes vide Valuation Ruling No.923/2016. The values…
KARACHI: MCC Gwadar has foiled a bid to smuggle narcotics and seized the booty worth Rs37.7 million, which is being smuggled to Karachi from Afghanistan. The Federal Board of Revenue…
KARACHI: The Federal Board of Revenue (FBR) has revised the values of white crystalline sugar both imported and domestically produced for the purpose of assessment of sales tax. The FBR…
KARACHI: Directorate of Post Clearance Audit Karachi has detected duty/tax evasion and short payment of Rs427.232 million in the month of August 2016 by various companies and traders. The Directorate…
KARACHI: The decision of Large Tax-payer Units Karachi (LTUs-Karachi) of freezing K-Electric’s accounts from August 31 is against the law as an Appellate Tribunal Inland Revenue (Karachi) had already granted…
KARACHI: The US Consulate will most likely not be able to re-export the empty containers, which were reportedly pilfered in Pakistan, as Federal Board of Revenue (FBR) is unable to…
KARACHI: Chairman Federal Board of Revenue (FBR) Nisar Mohammad Khan attended the collective prayers held to honor four martyrs of Customs who lost their lives chasing smugglers on August 10,…
KARACHI: Justice Muhammad Shafi Sidsdiqui of High Court of Sindh (SHC) on Thursday reserved order in two identical suits filed by Umar Spinning Mills and Sunrays Textile after a detailed…
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul malik Gaddi on Thursday while issuing notice to the Commissioner Inland revenue…