Recovery of Rs5.76 million raised in PRV
KARACHI: Deputy Collector Group-II has raised recovery of Rs5.766 million on 14 GDs as a result of post-release verification (PRV) in one month. Following are details regarding GDs on which…
Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Deputy Collector Group-II has raised recovery of Rs5.766 million on 14 GDs as a result of post-release verification (PRV) in one month. Following are details regarding GDs on which…
KARACHI: The Collector MCC Appraisement-West, Mohammad Saleem has notified re-shuffling of appraisement and examining staff within the collectorate. Principal Appraisers/officiating Principal Appraisers who have been transferred include Abdul Qayyum from…
KARACHI: Pakistan International Container Terminal (PICT) has declared a cash dividend of Rs5.0 per share for the half-year ended June 30, 2014. PICT announced a profit after tax of Rs1.071…
KARACHI: The Federal Board of Revenue (FBR) has said that under sales tax laws all wholesalers and dealers prescribed as withholding agents are liable to get sales tax registration. In…
KARACHI: Model Customs Collectorate of Appraisement (East) has issued an examination alert on assessment of Zinc Sulphate over claiming zero – rating on non-feed grade. The alert is issued by…
KARACHI: The Federal Board of Revenue (FBR) has clarified the procedure for exemption from withholding tax on payment by resident to non-resident person and a resident applying for exemption from…
KARACHI: Ministry of Commerce has said that Chinese certifying authority can only assess the eligibility of a product for certificate of origin in case of import into Pakistan. In a…
KARACHI: The Khyber Pakhtunkhwa Revenue Authority has announced to extend the last date for payment and filing of sales tax on services up to August 22, 2014. In an order…
KARACHI: The Federal Board of Revenue (FBR) has extended the last date for one week for payment of sales tax and federal excise duty and filing of sales tax/federal excise…
KARACHI: Pakistan Customs Drug Enforcement Cell, Jinnah International Airport Unit on Friday recovered and seized 6 Kg Heroin powder from an abandoned hand bag. According to details, the Customs Drug…
KARACHI: Pakistan Customs has celebrated 68th Independence Day of Pakistan by flat hoisting at old Custom House, Karachi. Chief Collector Appraisement, Nasir Masroor and Chief Collector Enforcement Nazim Saleem attended…
KARACHI: A two-member team of Federal Board of Revenue (FBR) is visiting Switzerland on August 25 to discuss money transferred by Pakistani individuals and corporate entities to Swiss banks, sources…
KARACHI: Customs Appellate Tribunal has observed that customs officials can file appeal against cleared consignments with a fresh show cause notice. The tribunal deposed of several appeals by the consolidated…
KARACHI: Model Customs Collectorate (MCC) of Appraisement (West) has directed all the officers of BS-16 to report at 8.45 AM on August 14 at the main entrance passage of Custom…
KARACHI: Pakistan Customs has directed the collectorates to conduct assessment of measures taken in the Federal Budget 2014/2015 and work out estimates of revenue collection for fiscal year 2014/2015 besides…
THE CUSTOMS ACT,1969 1 An Act to consolidate and amend the law relating to Customs Whereas it is expedient to consolidate and amend the law relating to the levy and…
KARACHI: As many as five senior officers of Pakistan Customs Service (PCS) have been posted in Customs Appellate Tribunals. According to details, Mohammad Yahya (BS-21) has been posted in Bench-I,…
KARACHI: Though the Federal Board of Revenue (FBR) has prevented the leakage of illegal refunds through taking stern measures yet many companies having registrations on fake documents are still active…
KARACHI: Pakistan Customs has announced auction of leftover lots of general cargo, vehicles, precious stones on August 13, 2014 at SWH, Customs House, Karachi, a circular said on Monday. It…
KARACHI: The offices of customs collectorates and Inland Revenue have been asked to submit the claims for grant of move-over for higher scale by August 31, 2014. The Federal Board…