Bid to smuggle antiques foiled
KARACHI: The Directorate General Investigation & Intelligence (DG I&I) Range, Office, Sukkur has foiled a bid to smuggle antiques abroad. According to details, a credible information was received by the…
Amendments in Customs Rules, 2001
KARACHI: The Federal Board of Revenue (FBR) has added a sub-chapter in the Customs Rules, 2001 to regulate inter-port movement of cargo to off-dock terminals. According to the amended 556A.…
Clearing agent freed after importer assumes responsibility of mis-declaration
KARACHI: The Pakistan Customs has arrested one Major (Retd) Noorul Amin in pursuance of FIR lodged against him for evading tax/duty to the tune of Rs8.894 million through mis-declaration and…
Illegal refunds; IRO sacrificed to protect entire IRS chain involved in corruption
KARACHI: The Federal Board of Revenue (FBR) has accorded major penalty to an Inland Revenue Service (IRS) officer of Grade 16 for inefficiency, misconduct and corruption, the practice termed as…
FBR Quarterly Review recommends post clearance audit where taxes/duties have escaped.
KARACHI: The Federal Board of Revenue (FBR) in its quarterly review has noted that loss of revenue could be quantified into undue exemptions of income tax, misuse of reduced WHT…
KCAA president Saifullah to be arrested for involvment in bogus cheques scam
KARACHI: Pakistan Customs is finalizing ways to arrest Saifullah Khan, President, Karachi Customs Agents Association, who is involved in a scam of consignment clearance on bogus financial instruments for an…
FBR allows grant of back benefits under FR-17
KARACHI: The Federal Board of Revenue (FBR) has allowed grant of back benefits including all consequential benefits and fixation of pay to 11 officers from the date of proforma promotions…
MCC Hyderabad challenges directives of Chief Collector (south), insists clearance of Hot Rolled Coils at Hyderabad
KARACHI: The Model Customs Collectorate (MCC) Hyderabad has challenged the directives of Chief Collector (South) and insisted to their stance that the clearance of 86 Coils of Hot Rolled Coils…
PCT Classification Committee fixes 10pc customs duty on flavouring agent for beverages
KARACHI: The Pakistan Customs Tariff (PCT) Classification Committee has set customs duty at the rate of 10 percent on the import of ‘Kola Van’ a flavouring agent for beverages under…
Grade-16 deputy superintendents/senior intelligence officers promoted
KARACHI: The Federal Board of Revenue (FBR) has promoted 21 deputy superintendents/senior intelligence officers of Grade-16 to the post of Superintendents (Grade-16) with immediate effect. The promoted officers include Muhammad…
MCC Gawadar, Customs Intelligence foil smuggling bid
KARACHI: The Model Customs Collectorate (MCC) Gawadar and Customs Intelligence Karachi operating jointly seized a launch full of foreign origin liquor being smuggled into Pakistan from UAE on Sunday. The…
Grievances Cell setup at MCC Appraisement
KARACHI: A Grievances Cell has been setup in Model Customs Collectorate (MCC) Appraisement, Customs House, Karachi to facilitate imports carried out through East Wharf, West Wharf, Off-Dock terminals i.e. AICT,…
Coordinators posted for WeBOC rollout
KARACHI: The Federal Board of Revenue (FBR) has attached nine officers of BS-17 and BS-18 with the Collectorates, as coordinators, in order to rollout WeBOC within the given time. The…
Customs seek 14-day remand of importer for defrauding
KARACHI: Pursuant to the First Information Report (FIR), Model Customs Collectorate (MCC) of PaCCS registered against one Khawar Schehzad of K.K Traders for fraudulently evading an amount of taxes of…
Federal Service Tribunal directs to decide up-gradation claims of data control assistants in 4 months
KARACHI: The Federal Service Tribunal, Islamabad has directed Secretary Establishment Division (Cabinet Secretariat) and Secretary Finance Division (Regulatory Wing) to decide the claims of Data Control Assistants (BPS-10) for up…
Exchequer suffers heavy loss as MCC PaCCS remains electricity less
KARACHI: The appraisement and export activities at Model Customs Collectorate (MCC) PaCCS remained largely effected on Saturday as the One Customs system could not operate due to unavailability of electricity…
Revenue collection of MCC Appraisement surges by 12 percent in seven months
KARACHI: The net contribution of Model Customs Collectorate (Appraisement) to the national kitty has increased by 12 percent to Rs86.316 billion in the first seven months of the current fiscal…
Ban on importing older cars to affect customs duty collection
KARACHI: The ban imposed by Ministry of Commerce on importing cars more than three years old in December 2012 is going to result in a significant decline of customs duty…
Exporter charged for fraudulently getting duty drawback claims
KARACHI: The Customs Appellate Tribunal has upheld the Customs Adjudication order against Mohammad Younus for Grace Exports for receiving fraudulent refund and rebate through forged value of form-E on the…
Nisar Muhammad Khan promoted to BS-21
KARACHI: The Federal Board of Revenue (FBR) has notified promotion of Nisar Muhammad Khan, PCS/BS-20, presently posted as Member (SPR&S), FBR in his own pay & scale to BS-21 in…