Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Model Customs Collectorate of Appraisement West has detected revenue loss due to incorrect classification, valuation and claim of SROs. The R&D section found out short-payment of duty/taxes on…
KARACHI: One M/s Awan Enterprises, Lahore and M/s Friends Logistics have come up with a master plan to smuggling and pilfering goods and deprived national exchequer of the legitimate duties…
ISLAMABAD: Tax experts have proposed setting up an independent body for monitoring the working of Federal Board of Revenue (FBR) to check corruption and ensure transparency. The experts said that…
KARACHI: Pakistan Customs to conduct an auction of vehicles/motorcycles and miscellaneous goods on April 14, 2014 at Customs House, Gaddani, a notification said on Thursday. The auction-able vehicles are included:…
KARACHI: The Model Customs Collectorate of Exports has lodged two separate FIRs against two separate companies for committing mis-declaration through submission of fake Form-E fraudulently to avoid realization of foreign…
KARACHI: Pakistan Customs has determined the valuation of new branded heavy motorcycles for five importable years for the purpose of levying duties and taxes, a notification said on Tuesday. The…
KARACHI: the Directorate General of Customs Valuation has issued amendment to Valuation Ruling No.661/2014 and revised Customs values of certain replacement auto parts. The Customs values of various replacement auto…
KARACHI: The Directorate General of Customs Valuation has issued guidelines for conducting market survey pertaining to determination of valuation rulings and has defined the responsibilities of directors and assistant directors.…
KARACHI: The Directorate General of Customs Valuation has issued corrigendum to valuation ruling 659/2014 dated March 29, 2014 regarding valuation of tyres and tubes. The valuation has been amended after…
KARACHI: Pakistan Customs has revised the valuation of Chinese origin unbranded audio/video system/MP3 for vehicles up to $15 per piece for the collection of duty and taxes, a notification said.…
KARACHI: Pakistan Customs to conduct an auction for leftover lots of vehicles and general cargo on April 10, 2014 at SWH, Customs House, Karachi, a circular said on Wednesday. The…
KARACHI: Auction for vehicles and miscellaneous goods will be held on April 7, 2014 at MCC, Sambrial Sialkot, a notification said on Wednesday. The auction-able vehicles are included: 1. Used…
KARACHI: Pakistan Customs has revised the valuation on import of baby diapers up to $2.70 per kilogram because previous customs values failed to reflect the current prices of the international…
KARACHI: Pakistan Customs on Tuesday determined the valuation for motorcycle parts of Chinese origin up to $25 per kilogram for the collection of duty and taxes. The Directorate General of…
KARACHI: The Directorate General of Customs Valuation has determined the Customs values of brushes vide Valuation Ruling No.665/2014. The Customs values of plastic household items including brushes were determined vide…
KARACHI: The Directorate General of Customs Valuation has determined the Customs values tri-cycles and swing cars (manual) vide Valuation Ruling No.666/2014. A reference was received from Model Customs Collectorate Appraisement…
KARACHI: The Directorate General of Customs Valuation has determined the Customs values of textile coated fabric, textile PVC coated fabric and textile PU coated Fabric vide Valuation Ruling No.662/2014. A…
KARACHI: The State Bank of Pakistan (SBP) on Friday said that tax collection needs to grow by 36.6 percent in the second half of the FY14 to meet with targeted…
KARACHI: The Directorate General of Customs Valuation has intensified the efforts to issue rulings for accurate value of goods for determination of duty and taxes as the department issued six…
KARACHI: Pakistan Customs has revised the valuation for circuit breakers/switches/socket of Chinese origin up to $2 per kilogram on reports of massive under-invoicing, a circular said. The Directorate General of…