Pakistan Customs revenue collection surge 1.5 percent
KARACHI: The overall revenue collection by Pakistan Customs in the fiscal year so far i.e. three months (July-September 2016) has surged by 1.5 percent to Rs246.165 billion as against Rs242.552…
Special Judge Custom allows time to department in acquittal plea
KARACHI: Syed Faiz Rasool Rashidi, Judge, Special Customs Court, Karachi on Monday allowed a request by the Customs, Intelligence and Investigations and put of hearing in a bail application till…
Customs team going on US Embassy funded study tour
KARACHI: A team of four senior Customs officers is going to USA on a US Embassy funded study tour. A team of four senior Customs Officers comprising of Collector Islamabad…
Customs values of LED rechargeable lights revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of LED rechargeable lights vide Valuation Ruling No. 943/2016. The customs values of LED rechargeable lights were earlier determined…
Customs values of projectors, screen, microphones revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of multimedia projectors, home theatre projectors, projector screen and microphones vide Valuation Ruling No. 942/2016. The customs values of…
MCC Appraisement East wants several persons on ECL
KARACHI: In order to effect recovery of Rs2.442 billion, MCC Appraisement East is preparing the case so that names of several persons could be put on Exit Control List (ECL).…
SHC stays re-export of frustrated cargo
KARACHI: The Sindh High court has stayed the re-export of a consignment imported by M/s Anum Traders, which Customs Appellate Tribunal had allowed for being frustrated cargo. MCC Port Qasim…
SHC allows time to Customs to settle valuation issue for Buckram
KARACHI: A division bench of High Court of Sindh comprising Justice Munib Akhtar and Justice Syed Saeed-uddin Nasir on Friday adjourned hearing of a constitution petition filed by Royal Business…
SHC Customs appellate bench becomes learning class for lawyers
KARACHI: A bench of High Court of Sindh hearing matters including petitions, Special Customs Reference Applications (SCRA’s) or Special Tax Reference Applications (STRA’s) besides hearing cases has to take onus…
MCC Gwadar surpasses revenue collection target
KARACHI: MCC Gwadar has exceeded Revenue Collection over the assigned target by massive 78 percent for the first quarter (July- September FY 2016-17. Total revenue collection target of the Collectorate…
Return filing date extended
KARACHI: The Federal Board of Revenue (FBR) has announced extension in date of filing income tax returns/statements for tax year 2016. The date of filing of Returns of Total Income/Statement…
DG Customs Valuation restarts database values of imported goods
KARACHI: Director General of Customs Valuation has restarted the exercise of developing database values of importable goods after a short gap. Directorate General of Customs Valuation has initiated an exercise…
Pak Telecom Mobile (Ufone) found guilty of evading duty/taxes of Rs416.325 million
KARACHI: Directorate of Post Clearance Audit (PCA) Karachi has served three contravention reports on M/s Pak Telecom Mobile Ltd (Ufone) for evasion of leviable custom duty, sales tax and withholding…
SHC orders release of consignment against payment of duty, surety
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Syed Saeed-uddin Nasir on Friday disposed of a constitutional petition filed by Capital Trading…
SHC orders reframing of questions of law in SCRA pertaining to waste paper import
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi on Friday while hearing a Special Customs Reference Application (SCRA)…