Clarification
KARACHI: This is to clarify that in story with headline ‘Appraisement East seeks FBR’s instructions regarding seized liquor consignment of North Korean embassy’, the subject consignment belonged to Embassy of…
Customs values of welding electrodes revised
KARACHI: Director Customs Valuation Karachi Dr. Wasif Memon has revised the customs values of welding electrodes vide Valuation Ruling No.832/2016. The importers of welding electrodes have agitated against the customs…
Customs values of offset paper, duplex board revised
KARACHI: Director of Customs Valuation Dr. Wasif Memon has revised the Customs values of one side coated duplex board in sheets 300 GSM & up and one side coated duplex…
Customs values of paper, board and cards revised
KARACHI: Director of Customs Valuation Dr. Wasif Memon has revised the Customs values of non-carbon releasing paper, art card, board coated paper and light weight coated papers vide Valuation Ruling…
Finance minister chairs monetary & fiscal policies coordination board meeting
ISLAMABAD: A meeting of the Monetary and Fiscal Policies Coordination Board was held under the chairmanship of Federal Minister for Finance, Economic Affairs, Statistics and Privatization Senator Muhammad Ishaq Dar…
SBP-Customs joint booth
KARACHI: In order to facilitate exchange companies to export permissible foreign currencies from Peshawar and adjoining areas, an SBP-Customs joint booth has been established at International Departure Lounge of Bacha…
Post Clearance Audit playing important role in reducing revenue leakage
KARACHI: The Directorate of Post Clearance Audit has observed duty evasion/short payment of around Rs30 million and served Audit Observations on several importers/companies. These importers/companies include M/s Bin Qasim Packages…
Appraisement officers protest against colleague’s suspension
KARACHI: The Customs House Appraisement Association has resorted to strike and all online clearance has stopped. Appraisement staff is protesting against the Chief Collector, Collector Appraisement West and the Federal…
DG valuation rejects revision petitions against VR in respect of Brake fluid
KARACHI: The Director General, Customs Valuation, Samaira Nazir Khan rejected two identical revision petitions against Valuation Ruling 759/2015 dated 9-9-2015. The revision petitions were filed by U Trade Logistics private…
Democrats panel makes clean sweep in Karachi Press Club’s elections
KARACHI: Democrats panel made a clean sweep in the Annual Elections-2016 of the Karachi Press Club held on Satruday clinching all top slots and Governing Body seats. According to results…
Prime culprit involved in TP pilferage scam arrested
KARACHI: MCC Preventive has arrested one Raheem Vivani, who is the ‘carrier’ and arrange supply of smuggled goods to various shop owners and buyers of foreign origin goods. An FIR…
Customs anti-smuggling campaign starts yielding results
KARACHI: The anti-smuggling campaign under the supervision of Pakistan Customs has started yielding results, which is evident from over 20 percent decline in the imports meant for Afghan Transit Trade…
Form-E and BCAs to be digitalized; agreement signing on October 26, 2015
KARACHI: The Federal Board of Revenue (FBR) and State Bank of Pakistan (SBP) have prepared the module for digitalizing Form-E and BCA’s; an agreement to this effect, which was to…
MCC Lahore’s lethargy causes colossal loss to national exchequer
KARACHI:-An inordinate delay by Model Customs Collectorate, Lahore in filing an intra court appeal challenging the order of Lahore High Court (LHC) single bench that declared collection of Regulatory Duty…
Customs values of household appliances determined
KARACHI: The Directorate General of Customs Valuation has fixed the customs values of household appliances vide Valuation Ruling No. 755/2015. This Ruling has been issued by director Manzoor Memon, who…
World Bank, WTO agree on trade facilitation for developing countries
KARACHI: The World Bank Group and the World Trade Organization (WTO) have agreed to enhance their co-operation in assisting developing and least-developed countries to better utilize trade facilitation programs which…
35,595 non-corporate, 1,163 corporate audit cases selected for tax year 2012
ISLAMABAD: The Federal Board of Revenue (FBR) on Friday conducted random computerized balloting and selected 35,595 non-corporate cases and 1,163 cases for audit for the tax year 2012. The FBR…