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 is a dedicated officer and has started streamlining things quickly after his posting as Director Customs Valuation. A number of… Continue reading

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 can help countries reduce trade costs and more fully engage in the global economy. In a statement issued from Washington… Continue reading

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 selected the cases for audit from total of 450,000 non-corporate and 12,000 corporate taxpayers. In the random balloting the FBR… Continue reading