Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Director General of Customs Valuation notified that the decisions of Sindh High Court and Lahore High Court in the disputes of validity of a Valuation Ruling after 90…
KARACHI: The Model Customs Collectorate of Appraisement has directed all the Appraising officers of Group-III & IV to submit the requisite comments/reply relating to the PCTs Headings assigned to them,…
KARACHI: The Directorate General of Customs Valuation has notified through a Valuation Ruling No. 554/2013 determining the custom value of used branded heavy motorcycles imported into Pakistan. Previously, valuation ruling…
KARACHI: The Customs Appellate Tribunal Islamabad has categorically held that valuation rulings cannot be applied to the goods which have been already cleared. The Tribunal upheld the order of collector…
KARACHI: The Directorate General of Customs Valuation has notified through a Valuation Ruling determining the custom values of Ballast for Discharge Lamps or Tubes imported into Pakistan. According to details,…
KARACHI: The Directorate General of Customs Valuation has notified through a Valuation Ruling determining the revised custom values of instant dry yeast imported into Pakistan. Since the earlier customs values…
KARACHI: The Directorate General of Customs Valuation has notified through a Valuation Ruling determining the revised custom values of fruit juices and non-alcoholic beverages imported into Pakistan. Since the earlier…
KARACHI: The Federal Board of Revenue (FBR) has issued directives to all the Customs Collectorates in the country to make necessary arrangements to file Intra Court Appeals against orders of…
KARACHI: The Departmental Audit Committee (DAC) of Federal Board of Revenue (FBR) has detected loss of government revenue of Rs1.038 billion due to non encashment of securities. According to DAC…
KARACHI: The Supreme Court of Pakistan has upheld the order of Deputy Collector Model Collectorate of Customs (MCC) Appraisement charging M/s A.C.P Oil Mills Pvt. Ltd of intentionally defrauding the…
KARACHI: The Customs Appellate Tribunal has upheld the Customs Adjudication order against Mohammad Younus for Grace Exports for receiving fraudulent refund and rebate through forged value of form-E on the…
KARACHI: The Customs Appellate Tribunal has charged one Shaikh Mohammad Arif, an importer of chemicals, for unlawfully obtaining the zero rating of sales tax and exemption from payment of income…
KARACHI: The Customs Appellate Tribunal has charged Sunstar Corporation for mis-declaration origin, classification and value of the goods with the intention of depriving the exchequer of its legitimate revenue of…
KARACHI: The Customs Appellate Tribunal has set aside the order in appeal of Collector (Appeals) that established the charge against Coca Cola Beverages Ltd for unlawfully obtaining benefit of SRO…
KARACHI: The Chief collector of Customs (South) has made it clear that the customs value of any imported commodity determined by the Director Customs Valuation in the form Valuation Rulings…
KARACHI: The Customs Appellate Tribunal has suspended the recovery notice issued by Collector of Customs to the Fauji Cement Company (FCC) as their appeal against the said notice was lying…
KARACHI: The Supreme Court of Pakistan has admitted Additional Commissioner Inland Revenue (IRS) as the competent authority to issue notice a taxpayer under section 122(5A) of the Income Tax Ordinance…
KARACHI: The Federal Board of Revenue (FBR) has negated the government drive of austerity measures in government departments as officials of revenue collecting machinery have consumed 86 percent of allocated…
KARACHI: Customs officials are stunned over a decision of collector appeals by declaring ‘misunderstanding’ in a number of cases where officials detected unscrupulous persons removing the goods illegally and without…