PCT Committee redefines classification of textile machinery parts
KARACHI: The Customs Classification Committee (PCT Committee) has ruled that textile machinery parts/accessories i.e. Rubber Cot is appropriately classifiable under PCT heading 4016.9990 if composed of vulcanized synthetic rubber whether…
Dar assures to take up audit notices to taxpayers of final tax regime
KARACHI: Federal Minister for Finance and Economic Affairs, Senator Muhammad Ishaq Dar has assured a delegation of the Karachi Chamber of Commerce and Industry (KCCI) that the issue of audit…
Training sessions announced by directorate of reform and automation to roll out WeBOC at NBP branches
KARACHI: Khurram Ijaz, General Secretary of Karachi Customs Agents Association (KCAA) highlighted long outstanding issue regarding non-operational of five NBP branches authorized for collection of Customs Duty and Taxes through…
Classification Committee redefines PCT for computer power lead
KARACHI: The Classification Committee of Customs Appraisement has ruled that ‘Computer Power Lead’ with connector is appropriately classifiable under PCT heading 8544.4290, sources said. The Collector of Customs Faisalabad had…
No entry in port area without 2D Cards from December 15th
KARACHI: The Karachi Port trust (KPT) has advised all the Customs officers/offices to obtain their KPT 2D Card on submission of valid documents at CPIO/KPT on priority basis as entry…
Karachi Tax Bar seeks one month extension for filing income tax return
KARACHI: Tariq Bajwa, Chairman, Federal Board of Revenue (FBR) has been urged to extend the date up to December 31, 2014 for filing of income tax returns as submitting forms…
Customs recovers Rs34.639 million redemption fine from M/s Yamaha Motor Pakistan
KARACHI: Customs has recovered Rs34.639 million of redemption fine along with additional duty/taxes from M/s Yamaha Motor Pakistan (Pvt) Ltd. The Customs Adjudication had ordered confiscation of the consignment of…
Tribunal finds confiscation of import consignment by Appraisement without lawful authority
KARACHI: The Customs Appellate Tribunal has dismissed the appeal filed by Appraisement East against order-in-appeal, in favor of M/s Decent Autos who imported consignment of aerosol insecticide spray. According to…
Yamaha’s consignment confiscated; option given to redeem the goods on payment of fine
KARACHI: The Customs Adjudication has ordered confiscation of the consignment of power cables imported by M/s Yamaha Motor Pakistan (Pvt) Limited with an option to redeem the goods on payment…
Tareen made director general of intelligence and investigation (Inland Revenue)
KARACHI: Haroon Muhammad Khan Tareen, Inland Revenue officer of BS-21, has been posted as Director General, Directorate General of Intelligence and Investigation (Inland Revenue) Islamabad. The posting was notified through…
FBR notifies transfer, posting of IRS officers from BS-17 to 19
KARACHI: Federal Board of Revenue (FBR) on Tuesday notified transfer and posting of Inland Revenue Service (IRS) officers BS-17-18-19 with immediate effect until further orders. The officers are included: Imran…
Beautification project of Edulgee Dinshaw Road inaugurated
KARACHI: Sindh governor Dr. Ishratul Ebad Khan on Tuesday inaugurated the beautification project of Edulgee Dinshaw Road i.e. Custom House Road. In view of the prevailing reputation of the road…
Teams constituted for preparation of customs import manual
KARACHI: Muhammad Saleem, Collector Modern Customs Collectorate (MCC) Appraisement (West) has constituted three teams to prepare customs import manual considering the present needs for the guidance of customs staff. Sources…