Valuation for baby diapers fixed up to $2.70/kg
KARACHI: Pakistan Customs has revised the valuation on import of baby diapers up to $2.70 per kilogram because previous customs values failed to reflect the current prices of the international…
Customs Values for motorcycle parts of Chinese origin fixed up to $25/kg
KARACHI: Pakistan Customs on Tuesday determined the valuation for motorcycle parts of Chinese origin up to $25 per kilogram for the collection of duty and taxes. The Directorate General of…
Customs values of brushes revised
KARACHI: The Directorate General of Customs Valuation has determined the Customs values of brushes vide Valuation Ruling No.665/2014. The Customs values of plastic household items including brushes were determined vide…
Customs values of tri-cycles, swing cars determined
KARACHI: The Directorate General of Customs Valuation has determined the Customs values tri-cycles and swing cars (manual) vide Valuation Ruling No.666/2014. A reference was received from Model Customs Collectorate Appraisement…
Customs values of textile coated fabric determined
KARACHI: The Directorate General of Customs Valuation has determined the Customs values of textile coated fabric, textile PVC coated fabric and textile PU coated Fabric vide Valuation Ruling No.662/2014. A…
36.6 percent growth needed for tax collection to meet with revenue target: SBP report said
KARACHI: The State Bank of Pakistan (SBP) on Friday said that tax collection needs to grow by 36.6 percent in the second half of the FY14 to meet with targeted…
DG Customs Valuation intensifies efforts for revenue realization
KARACHI: The Directorate General of Customs Valuation has intensified the efforts to issue rulings for accurate value of goods for determination of duty and taxes as the department issued six…
Valuation revised for circuit breakers/switches/socket of Chinese origin up to $2per/kg
KARACHI: Pakistan Customs has revised the valuation for circuit breakers/switches/socket of Chinese origin up to $2 per kilogram on reports of massive under-invoicing, a circular said. The Directorate General of…
Valuation revised for re-rollable scrap, compressor scrap to reflect current international prices
KARACHI: Pakistan Customs has determined the valuation for re-rollable scrap and compressor scrap of all origins up to $620 per kilogram as to reflect the prevailing international prices, a notification…
Valuation for capacitors of Chinese origin revised due to massive under-invoicing
KARACHI: Pakistan Customs has determined the valuation of capacitor(other than international brands) of Chinese origin up to $1.70 per kilogram due to massive under-invoicing which was causing revenue loss to…
FBR notifies transfers/postings of PCS officers BS-19-20
KARACHI: The Federal Board of Revenue (FBR) on Thursday issued a list of transfers and postings of Pakistan Customs Service (PCS) officers of BS-19-20 with immediate effect until further orders.…
Extended banking hours announced for collection of duties and taxes on Saturday, Monday
KARACHI: The Federal Board of Revenue (FBR) on Thursday announced that authorized bank branches will remain open on Saturday March 29 and for extended hours on Monday March 31 for…
R&D Appraisement detects evasion of Rs34.21 million through mis-declaration
KARACHI: The R&D of MCC Appraisement East has detected evasion of Rs34.21 million by one M/s Texstyle Corporation on 27 consignments through mis-declaration and under invoicing. In the contravention report…
Valuation determined for silk fabric of Chinese origin up to $17.50per/kg
KARACHI: Pakistan Customs has determined the valuation for silk fabric of Chinese origin up to $17.50 per kilogram on reports of under invoicing which was causing loss of revenue to…
Massive under-invoicing; customs values revised for spray paints
KARACHI: Pakistan Customs has revised the valuation for spray paints of all origins up to $1 per/kg on reports of massive under-invoicing, which was causing loss of revenue to government…
Appellate Tribunal orders for Valuation of menthol crystal; determined value up to $30 per/kg
KARACHI: The Appellate Tribunal Court has ordered to customs authorities for revising the valuation of menthol crystal up to $30 per kilogram due to the collection of tax and duty,…
Customs recovers huge quantity ‘Hashish’; known social welfare organization suspected
KARACHI: Pakistan Customs has seized huge quantity of Hashish from a vehicle that was carrying live animal belonging to a big social welfare organization. According to details Anti-Smuggling Organization of…
NOC from Environment Agency must for import of used tyres
KARACHI: The Lahore High Court has Advised D.G Khan Cement to secure NOC from the environmental protection agency for the clearance of its imported consignment of used tyres. D.G Khan…
Customs values of cable/wire locks revised
KARACHI: The Directorate General of Customs Valuation has revised the Customs values of cable/wire locks vide Valuation Ruling No. 647/2014. It was brought into the notice of Directorate General that…
Customs Appraisement South implements 133 revised valuation guidelines to check revenue leakage
KARACHI: Customs Appraisement South has implemented the valuation guidelines of 133 items at all the three collectorates in south region to prevent massive leakage of revenue. According to details, Chief…