Shoe importer files suit, seeks exemption under FTA, hearing today
KARACHI: An appellate bench of High Court of Sindh (SHC) will hear a suit filed by a shoe importing company seeking exemption under Free Trade Agreement (FTA) between Pakistan and…
LED light importers served contravention for revenue evasion
KARACHI: Directorate of Post Clearance Audit (PCA) has served contravention on eight importers of LED lights for claiming inadmissible concessions to evade government revenue. On the directives of Director PCA…
Customs Intelligence Quetta seizes huge quantity of smuggled goods
KARACHI: A signal has been sent to the honest officers of Customs Intelligence & Investigation that if they perform their duty honestly and make seizures of smuggled goods, they would…
PCA serves contravention on M/s Pakistan Telephone Cables for revenue evasion
KARACHI: Directorate of Post Clearance Audit (PCA) has served a contravention on M/s Pakistan Telephone Cables Ltd for evading government revenue of Rs13.397 million by mis-declaring the classification of imported…
MCC Port Qasim foils bid to evade government revenue
KARACHI: MCC Port Qasim has foiled a bid to evade duty and taxes amounting to Rs10.25 million by M/s Al-Aziz & Co through mis declaration. M/s Al-Aziz filed Goods Declaration…
Customs Lahore comes hard on smuggling
KARACHI: MCC Preventive Lahore has sized another consignment of smuggled mobile phones along with large quantity of mobile accessories worth Rs150 million. This is second seizure of mobile phones in…
All commercial imports of fabric subject to 6.0pc ST and 2.0pc VAT: FBR
KARACHI: The Federal Board of Revenue (FBR) has clarified that with effect from July 01, 2017, all commercial imports of fabric are subject to sales tax of 6.0 percent along…
FBR forms Directorate of Customs Intelligence & Investigation, Hyderabad
KARACHI: The Federal Board of Revenue (FBR) has redistributed intelligence and investigation work within the province of Sindh and created Directorate of Customs Intelligence & Investigation, Hyderabad vide Customs General…
MCC Port Qasim foils attempt to evade government revenue
KARACHI: MCC Port Qasim has served a contravention report on M/s Chaudhry Steel Re-rolling Mills Pvt Ltd for attempting to evade government revenue through misdeclaring description of imported goods. M/s…
Customs ASO seizes smuggled mobile phones worth Rs10 million
KARACHI: Customs Anti-Smuggling Organization (ASO) has seized 638 smuggled mobile phones worth Rs10 million, which were being transported to Lahore from Peshawar via two passenger busses. One accused has also…
Newly recruited appraising/valuation officers posted at Appraisement East, West
KARACHI: A number of newly appointed appraising/valuation officers who have completed their trainings have been posted at MCC Appraisement East and MCC Appraisement West. As many as 12 appraising officers…
MCC Islamabad seizes psychotropic drugs
KARACHI: MCC Islamabad has seized 465 grams of marijuana and 25 grams of cocaine worth Rs5.25 million. During examination of parcel at Import (examination) a parcel booked by Asim Khan…
Special Customs Appellate Tribunal admit appeal
KARACHI: Special Customs Appellate Tribunal on Wednesday admitted an appeal filed by Mini Tech Corporation challenging an Order in Revision passed by the Director General, Valuation, Pakistan Customs maintaining a…
MCC Port Qasim detects evasion of Rs67.7 million
KARACHI: MCC Port Qasim has detected misuse of concessionary order SRO 659(I)/2007 causing colossal loss to the national exchequer. The collectorate detected evasion of duty/taxes amounting to Rs67.7 million on…
Appraisement South suspends implementation of SRO 1125(I)/2011
KARACHI: Customs Appraisement South has temporarily suspended implementation of concessionary SRO 1125(I)/2011 for a large number of importers including Service shoes industry. Collector Appraisement West Shahnaz Maqbool found that SRO…
Income Tax Assessment case 2001 finally decided in 2017
KARACHI: The legal hitches, the delay in judicial system and inability of tax officials to charge the alleged tax evaders was exposed in an appeal decided by the Supreme Court…
Customs Appraisement takes up to streamline SRO 1125 use
KARACHI: Collector Appraisement West Shahnaz Maqbool has approached Federal Board of Revenue (FBR) seeking clarifications pertaining to various provisions of SRO 1125(I)/2011, as the confusion created by over a dozen…
SHC allows release of toiler soap consignment, issue notice in identical petition
KARACHI: An appellate bench of High Courtof Sindh (SHC) comprising Justice Munib Akhtar and Justice Yousuf Ali Sayeed on Monday ordered release of a toilet soap consignment imported by petitioner…
KPT penalises port security officials for manhandling Customs staff
KARACHI: The Karachi Port Trust (KPT) has taken action against the officials of Port Security Force who had manhandled customs officials. Then Director Transit Trade Irfan Javed had urged KPT…
SCP dismiss appeal against show cause in ISAF, POL short supply case
ISLAMABAD: A full bench of Supreme Court of Pakistan comprising Justice Mian Saqib Nisar, Justice Umar Ata Bandial and Justice Faisal Arab dismissed a Civil Petition 2226 OF 2016 filed…