Transfers/Postings
KARACHI: The Federal Board of Revenue (FBR) has notified transfer and posting of three senior officers of Pakistan Customs Services (PCS). Seema Raza Bokhari, Grade-19 PCS officer has been moved…
Equipment, vehicles for Thar field exempted from taxes/duties
KARACHI: The Ministry of Finance, Revenue and Economic Affairs has exempted coal mining machinery, equipment, spares including vehicles for site imported for Thar coal field from customs duty and sales…
DAC finds non-recovery of Rs662.142 million in adjudged cases
KARACHI: The Departmental Audit Committee (DAC) of Federal Board of Revenue (FBR) has identified non recovery of government revenue to the tune of Rs662.142 million in 648 adjudged cases in…
MCC PaCCS, Appraisement collections post marginal growth
KARACHI: The duty and tax collection of Pakistan customs posted a marginal increase of 2.2 percent during first eight months of current fiscal year owing to fall in sales tax…
Oil miller charged of defrauding exchequer to avoid duty and taxes
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…
Sindh High Court suspends FIR against Muqeet Brothers
KARACHI: Sindh High Court has suspended an FIR against owners of M/s Muqeet Brothers till March 19, 2013 and directed that no arrest or investigation whatsoever shall be made on…
FBR offices to remain open on March 16
KARACHI: The offices of Federal Board of Revenue (FBR) will remain open on Saturday as normal working day. In a press release posted on FBR website it stated that in…
Collector MCC Appraisement declares adjudication powers for processing of non-duty paid vehicles
KARACHI: The Collector Model Customs Collectorate (MCC) Appraisement on Tuesday has conferred the adjudication powers to the officers to process the smuggled / non-paid duty vehicles under the amnesty. The…
Bid to smuggle antiques foiled
KARACHI: The Directorate General Investigation & Intelligence (DG I&I) Range, Office, Sukkur has foiled a bid to smuggle antiques abroad. According to details, a credible information was received by the…
Amendments in Customs Rules, 2001
KARACHI: The Federal Board of Revenue (FBR) has added a sub-chapter in the Customs Rules, 2001 to regulate inter-port movement of cargo to off-dock terminals. According to the amended 556A.…
Clearing agent freed after importer assumes responsibility of mis-declaration
KARACHI: The Pakistan Customs has arrested one Major (Retd) Noorul Amin in pursuance of FIR lodged against him for evading tax/duty to the tune of Rs8.894 million through mis-declaration and…
Illegal refunds; IRO sacrificed to protect entire IRS chain involved in corruption
KARACHI: The Federal Board of Revenue (FBR) has accorded major penalty to an Inland Revenue Service (IRS) officer of Grade 16 for inefficiency, misconduct and corruption, the practice termed as…
FBR Quarterly Review recommends post clearance audit where taxes/duties have escaped.
KARACHI: The Federal Board of Revenue (FBR) in its quarterly review has noted that loss of revenue could be quantified into undue exemptions of income tax, misuse of reduced WHT…
KCAA president Saifullah to be arrested for involvment in bogus cheques scam
KARACHI: Pakistan Customs is finalizing ways to arrest Saifullah Khan, President, Karachi Customs Agents Association, who is involved in a scam of consignment clearance on bogus financial instruments for an…
FBR allows grant of back benefits under FR-17
KARACHI: The Federal Board of Revenue (FBR) has allowed grant of back benefits including all consequential benefits and fixation of pay to 11 officers from the date of proforma promotions…
MCC Hyderabad challenges directives of Chief Collector (south), insists clearance of Hot Rolled Coils at Hyderabad
KARACHI: The Model Customs Collectorate (MCC) Hyderabad has challenged the directives of Chief Collector (South) and insisted to their stance that the clearance of 86 Coils of Hot Rolled Coils…
MCC Gwadar seizes smuggled goods worth Rs22.24 million
KARACHI: Model Customs Collectorate (MCC) Gwadar on Thursday foiled a bid to smuggled goods worth Rs22.24 million. According to details, on information through collectorate MCC Gwadar, the Anti-Smuggling Squad of…
PCT Classification Committee fixes 10pc customs duty on flavouring agent for beverages
KARACHI: The Pakistan Customs Tariff (PCT) Classification Committee has set customs duty at the rate of 10 percent on the import of ‘Kola Van’ a flavouring agent for beverages under…
Grade-16 deputy superintendents/senior intelligence officers promoted
KARACHI: The Federal Board of Revenue (FBR) has promoted 21 deputy superintendents/senior intelligence officers of Grade-16 to the post of Superintendents (Grade-16) with immediate effect. The promoted officers include Muhammad…
MCC Gawadar, Customs Intelligence foil smuggling bid
KARACHI: The Model Customs Collectorate (MCC) Gawadar and Customs Intelligence Karachi operating jointly seized a launch full of foreign origin liquor being smuggled into Pakistan from UAE on Sunday. The…