FTO recommends large-scale reforms in FBR
KARACHI: Federal Tax Ombudsman (FTO) has said that corruption had peaked in the country and recommended large scale reforms in the Federal Board of Revenue (FBR). Talking to business community…
FBR might assess possible in-appropriation in withholding and deposit of taxes by cell Cos
KARACHI: The disparity between the revenues of telecom companies particularly the cellular service providers and deposit of withholding tax has compelled the Federal Board of Revenue (FBR) to consider assessment…
Customs collects Rs 58.121 million from Karachi Airport arrivals
KARACHI: The staff of Pakistan Customs of internationals arrivals Jinnah International Airport made a record revenue collection of Rs. 18 million in respect of duty & taxes which is 573…
Customs Valuation Ruling (VR) leave no room for value dispute requests
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…
Customs concessionary regime only admissible on air-conditioners’ CKD
KARACHI: The Federal Board of Revenue (FBR) has directed all Collectors of Customs that concessionary rate of customs duty on raw material, components and sub-components for the manufacturing of air-conditioners…
Amendment in Customs General Order 12/2002
KARACHI: The Federal Board of Revenue has substituted the para 116 of Customs General Order No.12/2002. According to the new para, vehicles to be treated as ambulances must have the…
FBR asks transport operators to prepare carrier‚ manifest
KARACHI: The Federal Board of Revenue (FBR) through amendments in Customs Rules 2001, has made it mandatory for the transport operator that the operator after taking delivery of goods from…
Customs identifies habitual evader; causing huge losses through misdeclaring chemical import
KARACHI: The customs authorities have identified habitual evaders who incurred huge losses to exchequer through misdeclaration on chemical imports. An FIR has been lodged against the importer Zeeshan Trading Company…
MCC PaCCS resents FTO order on stolen, encashment of pay order
KARACHI: Model Customs Collectorate (MCC) PaCCS has resented the order passed by the Federal Tax Ombudsman (FTO) in a stolen and subsequently encashed of a financial instrument saying the department…
Customs staff stun over Collector Appeal decision in case of removing goods illegally
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…
Contractors of NATO supply illegally disposing of expired stuff inside Pakistan
KARACHI: The contractors for supplying food and general goods to NATO forces in Afghanistan are allegedly disposing of the expired goods inside Pakistan, which was disallowed by the government after…
MCC PaCCS issues recovery notices worth Rs350 million to tile importers
KARACHI: Model Customs Collectorate of PaCCS has issued recovery notices amounting about Rs350 million to tiles importers, who defrauded the government functionaries by presenting bogus financial instruments. The collectorate has…
Large number of MCC Appraisement officers and staff members to attain age of superannuation
KARACHI: About 30 officers and staff members of Model Customs Collectorate of Appraisement will attain age of superannuation during year 2013 and will stand retired. The name, designation and date…
Gaddani Collectorate Seizes Record Quantity of Smuggled Cloth, Generator Sets
The Anti Smuggling Squad of Model Customs Collectorate, Gwadar in two separate operations on 13 and 14 November 2012, near Gaddani, seized foreign smuggled cloth and generators etc. The quantity…
Teams formed to check smuggled, without duty payment vehicles
KARACHI: Pakistan Customs has formed teams to embark an action for seizing smuggled or non-paid duty vehicles plying on roads freely. Khawar Farid Manika, Collector, Model Customs Collectorate (Preventive) has…
Importer of CNG compressor cheats Pakistan Customs
KARACHI: An importer of CNG compressor is reported cheated the customs authorities by presenting invalid financial instruments against liabilities. According to details, M/s. Al-Rehmand CNG, Faisalabad, imported a consignment of…
FIR registered against steel importers on defrauding Rs10.71 million to exchequer
KARACHI: Pakistan Customs has registered a First Information Report (FIR) against an importer of prime quality of hot rolled steel plates for defrauding the national exchequer to the tune of…
Customs to freeze bank accounts of 37 defaulters
KARACHI: Customs authorities have initiated recovery of Rs36.35 million against 37 taxpayers through freezing of bank accounts and attaching other moveable and immovable properties. All the taxpayers are importers and…
Off-dock terminal incurs huge loss to exchequer by removing imported auto parts without duty payment
KARACHI: Customs authorities have unearth a mega scandal of removing goods without duty payment from a terminal and all the involved in clearance process found involved in this scam. According…
Customs seeks age restriction on import of specialized vehicles to end misuse of imported sprinkler lorries
KARACHI: Customs authorities have advised the ministry of commerce to impose age restriction on import of specialized vehicles after gross misuse has been witnessed in import of sprinkler lorries and…