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

SHC restrains PQA from using Tugs until payment of Custom, duties

KARACHI:-Port  Qasim Authority (PQA), plaintiff in a suit against Federal Board of Revenue and Pakistan Customs was restrained by a division bench of High Court of Sindh on Wednesday from using four tugs imported for handling LNG FSRU. The bench also ordered the PQA to file the mandatory Goods Declaration… Continue reading

SHC summons KPT deferring compromise decree against Customs

KARACHI:-Justice Muhammad Ali Mazhar of High Court of Sindh (SHC) Tuesday deferred order in a compromise decree seeking appearance and NOC from KPT having a claim over confiscated goods, which were auctioned on the orders of the Court. The counsel for plaintiff Sirius Logistics Pakistan earlier told the court that… Continue reading

FBR directed to decide representation by Jamshoro and Lakhra power within a week

KARACHI: The Federal Board of Revenue (FBR) was directed by a division bench of High Court of Sindh (SHC) on Monday to decide the representations made by public (government) sector Independent Power Producers (IPPs) in respect of “Capacity Charges” within a week. The bench comprising Justice Sajjad Ali Shah and… Continue reading

SHC summons Customs officers to justify impounding of vehicle

KARACHI: The Chairman Federal Board of Revenue (FBR), Collector of Customs and Appellate Tribunal have been put on notice for September 29, 2015 by High Court of Sindh to justify impounding of vehicle. The bench was hearing a constitution petition filed by one Naseebullah who maintained that he owns a… Continue reading

Machinery importer slapped fines and penalties for mis-declaration

KARACHI: The Collector Custom Adjudication Javed Chodry has ordered confiscation of Concrete or Mortar Mixer as the importer firm M/s A.M Associates attempted to evade duty/taxes through mis-declaring the classification of the goods claiming duty at a rate of 5 per cent while actual duty is 30 per cent. According… Continue reading

SHC holds Bonus Shares to be taxable, dismisses seven suits

KARACHI: A bench of High Court of Sindh (SHC) deciding a number of suits challenging the levy of income tax on “Bonus shares“ dismissed the same holding that bonus shares are also taxable. Justice Muhammad shafi Siddiqui of SHC heard the suit filed by Muhammad Hussain Kassim and 12 others… Continue reading

Hearing of wheat warehousing surcharge case on Oct 21

KARACHI: The hearing of a Special Customs appeal against order of Customs Appellate Tribunal Karachi in a case of warehousing surcharge is fixed for October 21, 2015 by a division bench of High Court of Sindh. The reference was filed by Mehboob Brothers (Pvt) limited claiming refund of illegally collected… Continue reading