Tyre import under ATT surge to Rs32.2bn
KARACHI: Import of tyres through Appraisement South under Afghan Transit Trade (ATT) surged to Rs32.2 billion during the first ten months of the current fiscal year (July 2021-April-2022). On the…
Raw materials import not banned
KARACHI: Ministry of Commerce has excluded raw materials from the list of items, which were banned to be imported through SRO 598(I)/2022. Through the SRO 598(I)/2022, the federal government imposed…
SCAT allows appeal by Directorate of I&I against Chief Collector Adjudication & AMK Steel
KARACHI: The Special Custom Appellate Tribunal (SCAT), allowing an appeal filed by Directorate of Intelligence & Investigations (DIT) ordered confiscation of goods which were released abusing facility of Green channel…
FBR nominates focal persons at all airports for facilitating genuine passengers
KARACHI: Federal Board of Revenue (FBR) has nominated Focal Persons at all airports of the country to facilitate the genuine passengers arriving at international airports. The communication was addressed to…
SRO 598 (I)/2022 not applicable to raw material, intermediate goods, industrial, machinery, equipment says clarification
KARACHI: Federal Board of Revenue has issued a clarification regarding applicability of SRO 598(I)/ 2022,dated 19-5-2022. It said that in view of concern shown by industrialust and business community it…
Indus Motor Stamps a Landmark 1 Million Vehicles Production
Karachi: Indus Motor Company (IMC) on 28th May 2022 announced a landmark achievement of having produced one million vehicles since it began mass production back in 1993. The one millionth…
FBR notifies transfers and postings of Pakistan Customs Service officers
KARACHI: The Federal Board of Revenue (FBR) on Monday May 30, 2022 transferred about 12 BS-19 officers of Pakistan Customs Service (PCS) with immediate effect. The FBR notified transfer and…
FTO orders WWF adjustment against refund as illegal in case of a public limited company
KARACHI: Federal Tax Ombudsman (FTO) Asif Jah while deciding the case of M/S Wah Nobel Chemicals Limited has declared the Workers Welfare Fund (WWF) adjustment against the approved refund amount…
Interim Challan submitted against Muhammad Anwar, Nasir Hussain and Huzaifa
KARACHI: MCC Appraisement West has submitted the interim challan before the Special Court Customs and Taxation, in the case of mis-declaration of hot rolled and cold rolled steel, causing loss…
National Dialogue on Economy Charter of Economy is required to revive the economy: Speakers
KARACHI: Dr Miftah Ismail, Finance Minister, and Shaukat Tarin, former Finance Minister, agreed on forming a Charter of Economy among the political parties while putting aside political differences for sustainable…
OPENING OF CONCERNED BRANCHES FOR COLLECTION OF GOVERNMENT RCEIPTS/DUTIES/TAXES/ON MAY 31, 2022
In order to facilitate the collection of Government receipts / duties / taxes, it has been decided that the field offices of SBP Banking Services Corporation (SBP-BSC) and authorized branches…
SHC allows provisional release of chip board, sheets etc
KARACHI: As an interim relief, a custom appellate bench of High Court of Sindh allowed provisional release of imported chip board and sheets. The bench was hearing a petition filed…
SHC restrain Pakistan Customs from coercive measures against MG and JW SEZ
KARACHI: Pakistan Customs was restrained from coercive measures against two car importers Mesers JW SEZ and MG Automobiles Pvt limited. The bench was hearing a petition filed by these companies…
Appraisement West notified procedure for retrieval of original invoices for FCL containers/de-stuffing of LCL consignments
KARACHI: For proper implementation of SRO 567(1)/2022, Collector Appraisement West Tahir Qurehsi has notified procedure for retrieval of original invoices for FCL containers/de-stuffing of LCL consignments: For Full Container Load…
FBR promotes 17 PCS officers into BS-19
KARACHI: The Federal Board of Revenue (FBR) has notified promotion of 17 Pakistan Customs Service (PCS) officers into BS-19. The promoted officers include: 1. Jamshed Ali Talpur 2. Nawabzada Kamran…
PCA Karachi detects gross misuse of Green Channel facility
KARACHI: Post Clearance Audit (PCA) Karachi has detected gross misuse of Green Channel facility by certain importers causing significant revenue loss to the national exchequer, and clearing banned goods. On…
Azfar Ahsan receives Global Visionary Award
DUBAI: Muhammad Azfar Ahsan, Founder and CEO Nutshell Group, and Founder Corporate Pakistan Group, received the “Global Visionary Award for Global Connectivity of Businesses and Communities” by the BSV Blockchain…
Chief Collector South, Collector MCC A&F put on contempt of court notice
KARACHI: Wajid Ali, Chief Collector, South (Appraisement) and Dr. Tahir Qureshi, Collector of Customs MCC, A&F (West) were directed to attend the hearing in a contempt of court application filed…
FBR takes notice of harassments to bona fide passengers under garb of SRO 598(1)/2022
KARACHI: Federal Board of Revenue (FBR) has taken a serious notice of seizure and detention of food stuff and other items under SRO 598(1)/2022. FBR noted that ban is placed…
BS 20 officers transferred by FBR with immediate effect
KARACHI: Federal Board of Revenue ordered postings and transfer of four BS 20 officers. As per notification issued here on Wednesday, Mr Raza, Collector Jinnah International Airport (JIAP) was transfered…