FBR might assess possible in-appropriation in withholding and deposit of taxes by cell Cos

KARACHI: The disparity between the revenues of telecom companies particularly the cellular service providers and deposit of withholding tax has compelled the Federal Board of Revenue (FBR) to consider assessment of the records of telecom companies, it has been reliably learnt. The number of cellular subscribers and the sales revenues… Continue reading

GDs to be accompanied with copy of master bill of lading

KARACHI: The Model Customs Collectorate has made it compulsory that all Goods Declarations (GD) submitted in the relevant appraising group for assessment/clearance shall be accompanied with original copy of the master bill of lading issued by the shipping line showing its date of issuance. The directives came to ensure that… Continue reading

Smuggled vehicles recovered from DIG Police

KARACHI: The customs authorities have seized a vehicles, which identified as smuggled from the possession of DIG police after a long confrontation between customs officials and Sindh police. Sources said that officials of Model Customs Collectorate (Preventive) headed by its deputy collector have taken the custody of Land Cruiser which… Continue reading