SHC suspends six demand notices by Income Tax department
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Mrs Ashraf Jahan on Monday suspended six identical demand notices for recovery of…
SHC suspends recovery notice, fix May 12 for hearing
KARACHI: A division bench of High Court of Sindh (SHC) on Monday stayed recovery of rupees 40 million from a petitioner ICOL International while fixing May 02 for a detailed…
SHC to hear betel nuts case on May 09, report submitted regarding imported nuts
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Mrs Ashraf Jahan will hear petitions filed by importers of betel nuts on…
MCC Quetta detects illegal removal of goods from NLC dry port
KARACHI: MCC Quetta has seized a truck trailer owned by M/s E-Movers Pvt Ltd, which was carrying goods including contraband items illegally removed from NLC Dry Port Quetta without filing…
Customs values of polyester fabrics revised
KARACHI: Director Customs Valuation Karachi Iqbal Muneeb has revised the customs values of different polyester fabrics vide Valuation Ruling No.1301/2018. The customs values of different types of polyester fabrics were…
Customs values of bicycles determined
KARACHI: Director Customs Valuation Karachi Iqbal Muneeb has determined the customs values of low end brands bicycles both geared and non-geared vide Valuation Ruling No.1300/2018. It was brought to the…
R&D East detects illegal removal of in-bond goods
KARACHI: MCC Appraisement East has lodged an FIR against certain persons for illegal removal of in-bonded goods without filing of ex-bond GD, thus evading legitimate government revenue. Principal Appraiser Dost…
Hamid Habib to appear before Customs Court Quetta on Monday
KARACHI: Customs Intelligence Officer Hamid Habib will be presented before Customs Court Quetta on Monday (today) in an FIR lodged against him for inefficiency and misconduct. According to the FIR,…
Textile firm seeks quashing of FIR illegally lodged by Customs I&I, Rawalpindi
KARACHI: M/s Hunbul Textile Pvt Ltd and M/s Capital Cargo Services have approached Islamabad seeking quashing of an FIR lodged against them by Customs Intelligence & Investigation, Rawalpindi with malafide…
FIR lodged against Intelligence Officer Hamid Habib
KARACHI: Directorate of Customs Intelligence & Investigation Quetta has lodged an FIR against Hamid Habib, an Intelligence Officer of BS-16 for alleged inefficiency and misconduct, which the Customs officials term…
Customs recommends central bank’s help to check over-invoicing, money laundering
KARACHI: MCC Appraisement West has detected large scale money laundering through gross over invoicing of solar PV panels imported from China, and advocated concerted efforts involving State Bank of Pakistan…
Pakistan introduces controlled foreign company (CFC) regime
KARACHI: Finance Bill 2018 has proposed measure as part of the overall scheme to bring into tax ambit the income earned through offshore entities owned by Pakistani residents. The income…
Finance Bill 2018 strengthens FBR’s capital gains tax claims on K-Electric’s sale
KARACHI: The Finance Bill 2018 has proposed a fundamental change in the concept of Pakistan source income wherein any gain from disposal made outside Pakistan, of an asset located in…
AFU Quetta foils mobile phone smuggling bid
KARACHI: The Customs staff at Quetta Airport foiled an attempt to smuggle mobile phones into the country and arrested one person coming from Dubai. According to details, information was received…
Customs values of ginger and garlic revised
KARACHI: Director Customs Valuation Iqbal Muneeb has revised the customs values of ginger and garlic vide Valuation Ruling No. 1299/2018. The customs values of ginger and garlic were earlier determined…
Petition seeking return of bid money: Customs given time till May 14
KARACHI: The hearing of a petition seeking refund of 25per cent bid money was put of till May 14 by a division bench of High Court of Sindh (SHC) comprising…
SHC disposes petitions against enhancement of value
KARACHI: A customs appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Agha Faisal on Monday disposed of two identical petitions challenging the enhancement of…
SHC orders release of Hino dumper truck
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Agha Faisal on Monday ordered release of a Hino Dumper truck of 2004 model.…
Protection to Regulatory Duty in federal budget illegal
KARACHI: Noted lawyer, Haider Shaikh advocate has termed the protection given to Regulatory Duty (RD) given in the federal budget as illegal . Reacting to the levy of custom duty,…