Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The value added textile sector has expressed their apprehensions at the proposal of the business friendly Government to impose additional import duty on import of cotton yarn from India.…
KARACHI: The Federal Board of Revenue (FBR) has advised all advocates and counsels of the Board to expedite the constitutional petitions or writ petitions relating to the ‘terms and conditions’…
KARACHI: A meeting of Chairman Federal Board of Revenue (FBR) with Supreme Court of Pakistan has developed consensus on clubbing and early hearing of cases. The meeting decided that FBR…
KARACHI: The Federal Board of Revenue (FBR) has advised Chief Collector Appraisement South to furnish the annual confidential reports (ACR) of principal appraisers as these are required in connection with…
KARACHI: The Customs Adjudication has imposed a penalty of Rs50,000 each on two Pakistani nationals for making an attempt to smuggle excess amount of foreign currency out of Pakistan. Outright…
KARACHI: The State Bank of Pakistan (SBP) sees total transformation of cash processing business from manual to automation in next five years and has asked commercial banks to align their…
KARACHI: Directorate General of Customs valuation has revised the customs values of Mosquito Coil & Aerosol Insecticide Spray vide valuation ruling No.714 / 2015. According to details, numerous representations of…
KARACHI: The Customs duty collection by Pakistan Customs surged by 22.6 percent to Rs141.052 billion during seven months ended January 31, 2015 as compared with the collection of Rs115.866 billion…
KARACHI: Directorate General of Customs valuation has revised the customs values of Energy Drinks vide valuation ruling No.713 / 2015. According to details, numerous representations received in the Directorate to…
KARACHI: The Customs Adjudication has imposed a penalty of Rs50,000 on a Bangladeshi national for making an attempt to smuggle contraband gold out of Pakistan. The gold slabs and other…
KARACHI: Director General Intelligence & Investigation (I&I) has taken a strict notice that an official, who was put on duty-off as disciplinary proceedings, appeared at a press conference claiming to…
KARACHI: The Federal Board of Revenue (FBR) has notified transfer/posting of Grade-17&18 officers of Inland Revenue Service (IRS). The officers moved would assume their new offices with immediate effect. S.…
KARACHI: The Sindh High Court (SHC) has restrained the Directorate General of Intelligence & Investigation (I&I) to take any coercive action against a vehicle importer who was booked for submitting…
KARACHI: The Customs Drug Enforcement Cell – Jinnah International Airport – foiled an attempt to smuggle out heroin powder from general post office and seized 450 grams of narcotics worth…
KARACHI: Federal Board of Revenue (FBR) has notified transfers and postings of Grade-19 officers of Pakistan Customs Service (PCS). According to details, Omar Shafique has been moved from the office…
KARACHI: Directorate of Customs Intelligence and Pakistan Maritime Security Agency (PMSA) in a joint operation foiled the bid to smuggle huge quantity of foreign origin liquor and beer and seized…
KARACHI: The appraising staff suspended for alleged negligence in the ‘regulatory duty evasion on wheat import case’ is likely to be restored provisionally as no evidence has so far been…
KARACHI: The CIU Port Qasim has affected the recovery of Rs118 million; this revenue had been leaked because of the over-use of concessionary SRO. According to the details of the…
KARACHI: Pakistan Customs on the directives of Federal Board of Revenue (FBR) has initiated a large-scale crackdown against vehicles importers, who managed to clear over-aged vehicles through fraudulent means. FBR…
KARACHI: Chief Collector of Customs Appraisement (South) has notified transfers and postings of principal appraisers and examining officers. Principal Appraisers Najamul Hasan Jamali was moved from Directorate of Transit Trade…