Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The private sector has suggested the tax authorities to conduct tax audit at once in a year to restore the confidence of honest taxpayers which would ultimately bring investments,…
KARACHI: Model Customs Collectorate (MCC) Appraisement (West) has said it has huge pendency in Bank Guarantee Cell (BGC) that is piled up over the years due to various reasons. The…
KARACHI: Shahanshah Husnain, Collector of Customs Adjudication, after performing his duties honestly and efficiently has retired on May 0, 2014. Shah issued 122 judgments in nine months involving revenue of…
KARACHI: The Directorate General of Customs Valuation has rejected a review petition praying suspension of Valuation ruling No.625/2013, which determines customs values of toffees and candies. One M/s AFU International…
KARACHI: The Directorate General of Customs Valuation has revised the Customs values of Polyester yarns of different deniers vide Valuation Ruling No. 673/2014 for assessment of duty/taxes on these yarns…
KARACHI: The Overseas Investors Chambers of Commerce and industry (OICCI) has advocated that income tax exemption to agricultural sector should be withdrawn as income earners of other sectors are parking…
KARACHI: Pakistan Customs has revised the valuation of Chinese origin alternators up to $26 per kilowatt for the collection of duty and taxes on import of such item. The Directorate…
KARACHI: Directorate General of Customs Valuation has made amendments to the Valuation Ruling No.531/2013, notification said on Tuesday. The following amendments have been made in pursuance of Model Customs Collectorate…
KARACHI: Directorate General of Customs Valuation on Tuesday amended the Valuation Ruling No. 421/2012, a circular said. The following amendments have been made under Section 25-A of the Customs Act,…
KARACHI: Federal Board of Revenue (FBR) on Monday notified transfers and postings of Inland Revenue Service (IRS) Officers of BS-21 with immediate effect. According to the notification the following officers…
KARACHI: The Customs Adjudication has penalized one M/s Khuwaja Flat Glass Industries (Pvt) Ltd and a clearing agent M/s RIL Logistics (Pvt) Ltd for mis-declaration/under-invoicing and depriving national exchequer of…
KARACHI: The Directorate General of Intelligence and Investigation, Karachi has arrested an official of leading mobile phone company – Q-Mobile – on Wednesday and raids were carried for arrest of…
KARACHI: The private sector has demanded the government to reduce the corporate tax rate to 30 percent from existing 35 percent and further reduce it to 25 percent in next…
KARACH: Federal Board of Revenue (FBR) has received nomination of officers from different collectorates against the five posts at World Customs Organization Secretariat (WCO). The posts at the WCO are…
KARACHI: Syed Mazhar Ali Nasir, Acting President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday demanded for reform in existing Sales tax regime. He emphasized…
KARACHI: The R&D Section of Customs Appraisement has recovered Rs9.2 million short-paid through deliberate violation of Valuation Ruling No. 602/2013. According to details, two Goods Declarations were deleted by R&D…
KARACHI: The Model Customs Collectorate (MCC) of Port Qasim has found fraudulent activities in the transshipment port (TP) consignments resulting in losses to the national exchequer. In this instant case,…
KARACHI: Federal Board of Revenue (FBR) on Wednesday notified transfers and postings of top officials of Pakistan Customs Services with immediate effect. According to the notification the following officers of…
KARACHI: Directorate General of Customs Valuation has made amendments to the Valuation Ruling No. 655/2014, according to notification issued on Tuesday. The following addendums/amendments are included: 1. In the existing…
KARACHI: Pakistan Customs has launched training programs/ courses related to e-filing of tax returns, conflict management and business process re-engineering. The first session of the training program was held on…
