Non release of Steel consignment: Notices issued for Jan 25
KARACHI: A division bench of High Court of Sindh (SHC) on Friday issued notices to the customs for Jan 25 while hearing a constitution petition filed by Umar and Co,…
Valuation guidelines issued
KARACHI: The Directorate General of Customs Valuation is actively pursuing ‘Tanveer Plan’ and the development of database values and issuance of reference values of importable items have started yielding results.…
Supreme Court orders to continue with CSB process
KARACHI: The Supreme Court of Pakistan has advised the Establishment Division and continue with the process of Central Selection Board (CSB). The Supreme Court of Pakistan in a decision dated…
Reference values of Gum Resin
KARACHI: The Directorate General of Customs Valuation is actively pursuing ‘Tanveer Plan’ and the development of database values and issuance of reference values of importable items have started yielding results.…
Customs values of peanut butter determined
KARACHI: Directorate of Customs Valuation has determined the customs values of peanut butter vide Valuation Ruling No.1016/2017. The values of the peanut butter for reference were earlier determined vide Valuation…
Customs values of citric acid determined
KARACHI: Directorate of Customs Valuation has determined the customs values of Citric Acid vide Valuation Ruling No.1015/2017. The values of the Citric Acid for reference were earlier determined vide Valuation…
Customs values of sauces revised
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has revised the customs values of sauces and accordingly amended the Valuation Ruling No.952/2016. M/s Al-Nafay Traders and other stated that the…
Principal appraisers likely to be assigned assessment of imported consignments
KARACHI: As many as 16 Appraisers and Principal Appraisers are retiring in the year 2017 while 29 appraisers and assistant private secretaries have been promoted as Principal Appraisers, which would…
Petition seeking revision in values of valves rejected
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has rejected a petition seeking revision in the customs values of Valves determined vide Valuation Ruling No.907/2016. M/s Hameed & Yaser International…
Customs values of glycerin revised
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has revised the customs values of Glycerin at $695/MT and amended the Valuation Ruling No.937/2016. M/s Nimir Chemical Pakistan Limited and other…
PSO outlets across country to have ATMs
KARACHI: Pakistan State Oil (PSO) and Allied Bank Limited (ABL) have signed an agreement to facilitate deployment of ABL ATMs at PSO stations nationwide, a statement said on Thursday. Under…
High court orders release of soap consignment:
Karachi: A division bench of Sindh high court on Wednesday ordered provisional release of soap consignment. The bench was hearing a petition filed by B.M. Traders which imported soap raw…
Chairman FBR Nisar Mohammad Khan retires, next to be announced on January 25th
KARACHI: Member FBR Dr. Irshad has assumed the look after charge of the office of Chairman Federal Board of Revenue (FBR) as Nisar Mohammad Khan has retired on January 18,…
Juicer/blender parts classifiable under PCT 8509.4010
KARACHI: Chairman Classification Committee Additional Collector Haris Ansari has determined that juicer/blender main body (parts) is appropriately classifiable under PCT 8509.4010. MCC Appraisement East forwarded a reference for classification of…
Pakistan stocks close in red
KARACHI: Pakistan equities closed another session in red on Wednesday with benchmark KSE-100 Index witnessing wild swings in a near 500-point-range in the absence of triggers, dealers said. “A brief…
Postings of probationary Assistant Collectors notified
KARACHI: Federal Board of Revenue (FBR) has notified postings of probationary Assistant Collectors of BS-17 of 43rd CTP. These officers would assume their offices after completion of specialized training at…
Customs values of dates revised
KARACHI: Directorate of Customs Valuation has revised the customs values of dates vide Valuation ruling No.1014/2017. Customs values of dates were earlier determined vide valuation ruling No.501/2012. Since, the applicable…
Government convinced to eliminate under-invoicing, smuggling
KARACHI: The post clearance audit (PCA) has initiated recovery of revenue which was evaded through under-invoicing, which heralds a larger policy wherein government would ensure plugging of revenue leakage. Directorate…
Explanation cannot be effective retrospectively, rules SHC
KARACHI: An Income Tax Appellate bench of High Court of Sindh headed by Justice Aqeel Ahmed Abbasi deciding two identical Income Tax Reference Applications (ITRA 272 & 273 of 2011)…
SHC decrees suit, order release of Generators
KARACHI: Justice Salahuddin Panhwar of High Court of Sindh (SHC) deciding a suit 37/2017 ordered release of the a consignment of electric generators. The suit was filed by Siddiq Sons…