Nisar Mohammad Khan given farewell reception
KARACHI To bid farewell to Nisar Mohammad Khan, Chairman FBR who is going to retire in January 2017, the Chief Collector Customs (Central), Samaira Nazir Siddiqui and Officers of Pakistan…
Reference values of tablet PCs notified
KARACHI: The Directorate General of Customs Valuation is developing database values and issuance of reference values of importable items have started yielding results. Director General Customs Valuation Syed Tanveer Ahmed…
Immediate Clearance Group established at AFU Lahore
LAHORE: Collector of Customs Zulfiqar Younas has inaugurated the services of immediate clearance group (ICG) at Gerry’s shed on Friday. The facility will decrease the customs clearance time at AFU,…
Customs values of disposable foam cups revised
KARACHI: Directorate of Customs Valuation has revised the customs values of disposable foam cups vide Valuation Ruling No.1002/2017. Customs values of disposable foam cups were earlier determined vide Valuation Ruling…
Customs values of pile fabric for blankets revised
KARACHI: Directorate of Customs Valuation has revised the customs values of polyester/acrylic pile fabric for blankets vide Valuation Ruling No.1003/2017. In light of the order of Director General Syed TAnveer…
Maritime security agency seizes narcotics worth Rs1.2 billion
KARACHI: On the instructions of D.G PMSA Rear Admiral Jamil Akhtar, Pakistan Maritime Security Agency in coordination with Pakistan Customs Intelligence seized narcotics worth Rs1.2 billion. Authorities had information that…
Reference values of artificial leather waist belt
KARACHI: The Directorate General of Customs Valuation is developing database values and issuance of reference values of importable items have started yielding results. Director General Customs Valuation Syed Tanveer Ahmed…
FBR reshuffles PCS officers
KARACHI: Federal Board of Revenue (FBR) has notified transfers and postings in Pakistan Customs Service (PCS) and several Grade-18 and a Grade-17 officer has been reshuffled.
ECC approves tax exemptions
ISLAMABAD: The Federal Minister for Finance Senator Mohammad Ishaq Dar chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet here at the Prime Minister’s Office this morning.…
Suit against valuation guideline, hearing on Jan 11
Karachi: Justice Nadeem Akhtar of High Court of Sindh (SHC) on Thursday fixed Jan 11 for hearing of a suit filed by Muneeb Enterprises. The plaintiff imported a consignment of…
Hearing of 42 SCRAs’ on Jan 11
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Yousuf Ali Sayeed on Thursday issued notice in a Special Customs Reference Application…
PCA Karachi makes remarkable performance in 2016
KARACHI: The Directorate of Post Clearance Audit has made remarkable performance in the year 2016 and detected 22 cases involving revenue of Rs202.475 million. Post Clearance Audit headed by Director…
Customs values of McCain French fries revised
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has revised the customs values of McCain brand potato frozen French fries Indian origin at $1.12/kg and MC Cain brand Spicy Peri…
Tax amnesty in the pipeline to legalize undeclared foreign assets
KARACHI: Pakistan government is trying various measures to improve revenues and widen the tax net to ease the fiscal stress. Under the IMF program, Pakistan’s tax to GDP has improved…
Building control authority becomes prime beneficiary of construction boom
KARACHI: Owing to lower commodity prices, there has been a boom in construction activities in the country, particularly in Karachi; but interestingly Building Control Authority appears to be the prime…
Pakistan Customs posts 2.8 percent surge in revenue collection
KARACHI: The overall revenue collection by Pakistan Customs in the fiscal year so far i.e. six months (July-December 2016) stood at Rs535.9 billion, up 2.8 percent as against Rs521.3 billion…
SHC disposes of Tricycle case, orders adjudication in 15 days
KARACHI: A division bench of High Court of Sindh (SHC) on Wednesday disposed of a petition filed by Farooq Corporation after the petitioner side agreed to pay all duty, taxes,…
Petition to revise customs values of bearings rejected
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has rejected the review petitions filed by M/s Inaya Impex and others and upheld the customs values of ball bearings determined vide…
Pakistan stocks witness slight correction
KARACHI: Pakistan Stocks Exchange (PSX) witnessed a slight correction on Wednesday as after crossing 49k mark, the benchmark index settled 0.25 percent down, dealers said. The KSE-100 shares index shed…
Import from Iran: MCC Quetta advocates level playing field for traders of Baluchistan
KARACHI: MCC Quetta has approached Federal Board of Revenue (FBR) and forwarded recommendations of trade bodies, importers and local businessmen that customs values of goods imported from Iran via land…