SHC adjourns hearing of suit
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Arshad Hussain Khan on Tuesday deferred hearing of a suit filed by Position Systems.…
SHC suspends show cause, recovery notice in petition by Nishat Mills
KARACHI: An appellate bench of High Court of Sindh, comprising Justice Munib Akhtar and Justice Arshad Hussain Khan on Tuesday suspended show cause notice and a notice of recovery issued…
Customs values of Iran origin chocolate determined
KARACHI: Directorate of Customs Valuation has determined the customs values of Iran origin chocolates vide Valuation Ruling No.1175/2017. Director General of Customs Valuation vide Order-in-original No.333/2017 remanded matter of Customs…
Customs Port Control Unit (PCU) deactivated
KARACHI: Customs Appraisement South has blocked the WeBOC User IDs of Port Control Unit (PCU), which sources said was an attempt to facilitate unscrupulous elements in inflicting loss to national…
SHC reserves judgment in Valuation enhancement cases
KARACHI: Hearing a number of constitution petitions filed by importers and Special Customs Reference Applications filed by Collector Customs, an appellate bench of High Court of Sindh (SHC) comprising Justice…
Customs values of exhaust fans determined
KARACHI: Directorate of Customs Valuation has determined the customs values of exhaust fan vide Valuation Ruling No.1174/2017. It was brought to the knowledge of Directorate that the exhaust fans are…
Customs values of massagers determined
KARACHI: Directorate of Customs Valuation has determined the customs values of massage chair, foot massager, other massagers vide Valuation Ruling No.1173/2017. The customs values of massage chair, foot massager, other…
Customs values of telephones determined
KARACHI: Directorate of Customs Valuation has determined the customs values of telephone sets, PABX vide Valuation Ruling No.1172/2017. There are many complaints regarding under invoicing in import of telephone sets/PABX.…
Port Security Force (PSF) resorts to hooliganism; assaults Customs officials
KARACHI: Directorate of Transit Trade has lodged a complaint with Commandant Port Security Force (PSF) for physically assaulting on-duty officials of the Directorate of Transit Trade and obstructing them in…
Pakistan Customs books PSI companies of UAE, China for fraud
KARACHI: MCC Quetta has booked certain importers and foreign pre-shipment inspection (PSI) companies including M/s Bureau Veritas of UAE and M/s SGS China for defrauding Pakistan’s authorities to enable clearance…
MCC Gwadar recovers contraband buried under ground
KARACHI: MCC Gwadar has recovered a large quantity of charas/hashish concealed under the mud and bushes in an offshore area worth Rs11.8 million. Information was received by the Collector of…
MCC Port Qasim seizes old and used Hino trucks
KARACHI: MCC Port Qasim has seized eight used and old Hino trucks, which were cleared through clearing agent M/s J.L Enterprises by mis-declaring the year of manufacture to circumvent the…
FIR lodged against M/s Dua Enterprises
KARACHI: MCC Appraisement West has lodged an FIR against M/s Dua Enterprises, M/s Friends Logistics and others for attempting to import and clear fireworks/explosive in the garb of other miscellaneous…
Customs clarifies cyber attack
KARACHI: A senior Customs officer has clarified that its web based clearance system (WeBOC) is capable to thwart any sort of cyber attack. The officer said some personal computers linked…
Pakistan Customs WeBOC system under cyber attack
KARACHI: Pakistan Customs web based clearing system (WeBOC) is under DDOS cyber hacking attack, which has adversely affected clearing of import and export consignments. The Customs security system provided by…
Rs4.778 trillion federal budget 2017-18 unveiled
ISLAMABAD: Finance Minister Ishaq Dar presented the federal budget for the fiscal year 2017-18 today with an estimated outlay of Rs 4.8 trillion. The national budget, the last by PML-N…
Rs 217.5 million set aside for Textile Industry Division
ISLAMABAD: The federal government has laid a special emphasis on development of textile sector amd has allocated Rs 217.5 million for Textile Industry Division under the Public Sector Development Programme…
PML-N steered Pakistan out of default : Dar
ISLAMABAD: Pakistan was on the brink of technical default on its financial commitments with forex reserves at a historic low covering only two weeks’ worth of imports when PML-N government…
Raw material import limit enhanced
KARACHI: Government of Pakistan has announced enhancement in limit for importing raw material by manufacturers without collection of income tax at the import stage. Presently, the quantitative limit for import…
Sales tax rationalized to increase government revenue
KARACHI: In order to arrest the declining revenue trends, the federal government has proposed to revise and raise incidence of sales tax on various imports and sectors. Steel sector is…