FBR notifies major reshuffle of senior IRS officers
KARACHI: In a major reshuffle of senior officers of Inland Revenue Service (IRS), the Federal Board of Revenue (FBR) has notified transfers and postings of BS-20 and BS-21 officers, a…
Pakistan Economy Forum recommends measures for trade facilitation, tax collection
KARACHI: Pakistan Economy Forum, in a letter to Nasir Masroor, Chief Collector Appraisement South, notes that non-professional attitude of terminal operators as well as Customs Department was causing serious losses…
Officials directed to avail leave in phases for meeting revenue collection target
KARACHI: The Federal Board of Revenue (FBR) on Monday said that the officials could avail leave or rest in phases as to achieve budgetary targets of tax collection in months…
MCC Appraisement (East) redistributes work to additional collectors
KARACHI: Model Customs Collectorate of Appraisement (East) has given order for redistribution of work to additional collectors with immediate effect until further orders, an office order said on Monday. The…
Work redistributed to assistant/deputy collectors
KARACHI: The Model Customs Collectorate of Appraisement (East) on Monday redistributed work amongst assistant collectors and deputy collectors with immediate effects until further orders. According to an office order, the…
Customs duty collection increase by 2.46 percent during FY2013-14
KARACHI: Pakistan Customs collected customs duty to the tune of Rs200.276 billion for the year ended June 30, 2014 against the dutiable import of Rs1,832 billion accounting for effective duty…
MCC Appraisement (West) orders re-distribution of work tasks of additional collectors
KARACHI: Model Customs Collectorate of Appraisement (West) has re-distributed work amongst their additional collectors, with immediate effects until further orders. The following are additional collectors with their assigned tasks: Additional…
Jobs assigned to principal appraisers
KARACHI: Model Customs Collectorate (MCC) of Appraisement (West) has assigned jobs to principal appraisers with immediate effect until further orders, an office order said. The following principal appraisers are included:…
MCC Appraisement (West) assigns work to assistant/deputy collectors
KARACHI: Model Customs Collectorate (MCC) Appraisement (West) has ordered for re-distribution of work of their assistant collectors and deputy collectors with immediate effect until further orders. The following assistant and…
Withholding tax imported motor vehicles made mandatory at time of registration
KARACHI: The Federal Board of Revenue (FBR) has made mandatory the collection of withholding tax at the time of registration of imported vehicle. According to the Finance Act, 2014 passed…
Special procedure issued for availing zero rating under Sr. 12 to 5th schedule of Sales Tax Act
KARACHI: The Federal Board of Revenue (FBR) has issued special procedure for the goods (stationary, foods, parts for bicycles) specified in serial number 12 of the Fifth Schedule of Sales…
Procedure to collect sales tax from retailers unveiled
KARACHI: The Federal Board of Revenue (FBR) on Thursday amended the Sales Tax Special Procedure Rules, 2007 to impose sales tax on retailers as announced in the federal budget 2014/2015.…
Promoted customs officers assume charge
KARACHI: The following officers of Pakistan Customs Service have assumed the charge as Additional Collector / Additional Director / Secretary, Federal Board of Revenue (FBR) on their promotion in BS-19…
Contrabands worth millions of dollars seized; DG I&I directs to involve R&D East into investigation
KARACHI: The Directorate General of Intelligence & Investigation-FBR has lodged an FIR against the proprietor and staff of M/s A-Z Corporation and M/s L.J Corporation for being involved in the…
R&D Appraisement West lodges FIRs against importers taking undue advantage of SRO 670
KARACHI: The R&D Appraisement West has lodged FIR against certain importers who were taking undue advantage of SRO 670 (I)/2013 and evading the entire sales tax of 17 percent on…
SHC stays FIR lodged by DG I&I FBR
KARACHI: The Sindh high Court has stayed Directorate General of Intelligence and Investigation, FBR from taking any coercive action against M/s First Lock Enterprises pursuant to the FIR lodged against…
Commercial banks to remain open on June 30 (today) for collection of duty/tax: SBP announces
KARACHI: The State Bank of Pakistan (SBP) has announced that all commercial banks will observe Monday, June 30 as normal working day for collection of duty and taxes to facilitate…
M/s Sultan Enterprises penalized for mis-declaration and concealment of goods imported
KARACHI: The Collector of Customs Adjudication has imposed a fine of Rs296,999 long with a penalty of Rs150,000 on M/s Sultan Enterprises Import & Exporter for mis-declaration of items enlisted…
Seniority list of BS-19 IR joint directors issued
KARACHI: The Federal Board of Revenue (FBR) has issued a final seniority list of joint Director (BS-19) officers of its cadre (EX-CADE) of Inland Revenue, a notification said on Saturday.…
Customs foils a bid to smuggle mobile phones into the country, makes one arrest
KARACHI: The Customs Authorities have foiled a bid to smuggle mobile phones worth Rs20 million into the country and arrested a passenger in this regard. Following the directives of Tariq…