SHC adjourns hearing in Rupees 5.8 bln Sales Tax evasion case

KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Sajjad Ali Shah and Justice Junaid Ghaffar on Monday adjourned hearing of a plea by New Horizon Computers against a Sales Tax , Value Addition tax etc demand by Inland Revenue department worth rupees 5.8 bln. The bench… Continue reading

Customs values of Latex, Vinyl examination, surgical gloves

KARACHI: – The Directorate General of Customs Valuation has issued a new Valuation Ruling (VR 766/2015) here Monday in respect of Latex/Vinyl Examination and Surgical gloves taking notice of the declaration by the importers on lower side causing loss to the Government exchequer. According to order and ruling passed by… Continue reading

KTBA raises issues in filing Monthly Statements with chairman FBR

KARACHI:- Karachi Tax Bar Association (KTBA) has raised a number of issues relating to difficulties faced by tax payers in filing Monthly Statement with chairman FBR seeking resolution of the same. KTBA in a letter dated Oct 08, 2015 appreciated a Circular by Federal Board of Revenue in which FBR… Continue reading

SHC to hear motor cycle parts importer plea on Oct 16

KARACHI: Allowing an application for urgent hearing seeking implementation of order passed by Customs Appellate Tribunal, Karachi, a division bench of High Court of Sindh (SHC) comprising Justice Muneeb Akhtar and Justice Mrs Ashraf Jahan on Friday fixed Oct 16 to decide the controversy regarding additional duty demand by Custom… Continue reading

SHC to hear plea against suspension of clearing agent license

KARACHI:-A division bench of High Court of Sindh (SHC) comprising Justice Sajjad Ali Shah and Justice Junaid Ghaffar on Thursday allowing an application for urgent hearing against suspension of license of M/S Trade Service fixed Nov 4 as next date of hearing. Muhammad Zubair of trade Services filed a suit… Continue reading

SHC directs Director Valuation to decide VR on Servo motors

KARACHI: The Director Valuation, Pakistan Customs was directed by a division bench of High Court of Sindh (SHC) to decide the issue of Valuation Ruling about Servo Motors within 15 days. The order came in a constitution petition filed by Atif Ishtiaq of Furqan Textiles, Lahore who challenged a Valuation… Continue reading

SHC directs DG Custom Evaluation to decide Pana-flex duty ruling in 15 days

KARACHI : A division bench of Sindh High Court on Wednesday directed the Director General, Customs, Evaluation to decide an appeal by an importer regarding new valuation ruling for pana flex. The bench earlier heard counsel for importer Astrontech Inc in a petition against chairman FBR, DG Valuation, Pakistan Customs,… Continue reading

SHC allows PQA to deposit deferential custom duty, taxes against imported dredgers

KARACHI: A dsivision bench of High Court of Sindh (SHC) comprising Justice Muneeb Akhtar and Justice Mrs Ashraf Jahan on Tuesday allowed Port Qasim Authority to deposit the deferential amount of rupees 26 million for release of dredgers imported. Earlier  Masooda Siraj advocate, counsel for respondent Customs department submitted para… Continue reading

Hearing in bail plea of accused in Sales Tax fraud case adjourned

KARACHI: Justice Aqeel Ahmed Abbasi of High Court of Sindh, Monday, adjourned the hearing of a bail application filed by an accused in Sales Tax Fraud case till October 19. Owais of Asian Textile, importer sough the bail after the same was rejected by Special Judge Customs and Taxation. The… Continue reading

SHC adjourns suit by Engro Elengy Karachi against FBR, Customs

KARACHI: The commercial sale of Liquefied Natural Gas was expected to be delayed as a result of litigation between the importer Engro Elengy Terminal Limited (EETL) and Pakistan Customs over Customs Duty and other taxes. The importer filed a suit before High Court of Sindh (SHC) bearing number 1084/2015 through… Continue reading