Customs agents to go on strike from September 10th
KARACHI: The Customs agents of the country had announced to go a strike from September 10, 2013 that would result in no clearing and forwarding of imports and exports consignments.…
Finance Minister, Chairman FBR to visit Custom House
KARACHI: Chairman Federal Board of Revenue (FBR) is scheduled to visit Custom House Karachi on Monday ahead of the visit of Federal Minister for Finance, Ishaq Dar. Ishaq Dar would…
Promotion policy for government officers revised
KARACHI: The Cabinet Division has revised the Promotion Policy for the government officers and issued revised PER forms. It has now been deiced that the PERs in respect of all…
Customs values of soft drinks revised upwards
KARACHI: The Directorate general of Customs Valuation has determined customs values of beverages (aerated waters) via Valuation Ruling No.72/2013. It was brought to the notice of Directorate General that beverages…
Customs values of cream cheese revised
KARACHI: The Directorate General of Customs Valuation has revised the customs values of cream cheese for the assessment for duties and taxes. According to the corrigendum to Valuation Ruling no.532/2013…
Transit import of auto parts; President of Pakistan strikes down FTO recommendations
KARACHI: The President of Islamic Republic of Pakistan has accepted the representation of the Revenue Division and set aside findings and recommendations of the Federal Tax Ombudsman (FTO) in the…
MCC Appraisement East & West post 15.58 percent growth; Rs27.55 billion collected in July
KARACHI: The Model Customs Collectorates (MCC) of Appraisement (East & West) have registered 15.58 percent growth in revenue collection in the first month of fiscal year 2013/2014 comparing the same…
FBR agrees to hear clearing agents, bonded carriers in ISAF containers scam before issuing recovery notices
KARACHI: The Federal Board of Revenue (FBR) has decided to give opportunity to clearing agents and bonded carriers to explain their position in ISAF container scam before issuing final notices…
Directorate of Customs Valuation revises customs values of old, used machinery
KARACHI: The Directorate General of Customs Valuation has revised the customs values for the import of old and second hand machinery vide Valuation Ruling No. 571/2013. According to details, a…
FBR notifies large-scale transfers/postings in IRS
KARACHI: The Federal Board of Revenue has notified large-scale reshuffling in the senior cadre ranging Grade-18 to Grade-20 of Inland Revenue Services (IRS) throughout the country. As many as 49…
Customnews.pk completes first year
Congratulations: Customnews.pk has completed its first year. After the formal launch on August 01, 2012 the website now has strong database of exclusive stories that had provided policy guidelines to…
FBR directs to dispose of rebate claims on manicure, pedicure sets or instruments
KARACHI: The Federal Board of Revenue (FBR) has directed Pakistan Customs to dispose of the pending duty drawback claims on manicure, pedicure sets or instruments. The FBR in its directives…
Masters Degree Scholarship; WCO invites nominations from Pakistan Customs
KARACHI: The World Customs Organisation (WCO) has invited nominations from Pakistan Customs for the Masters Degree Programme in Strategic Management and Intellectual Property Rights at the Aoyama Gakuin University (AGU)…
FBR warns officers approaching international organizations directly for employment
KARACHI: The Federal Board of Revenue (FBR) has warned all the officers/officials of the Division to seek prior NOC/approval from the Establishment Division before applying for employment with international organizations.…
MCC Gwadar seizes huge quantity of smuggled PVC pipes
KARACHI: The anti-smuggling squad of Model Customs Collectorate (MCC) of Gwadar has seized large consignment of smuggled PVC pipes. According to information made available on Thursday, the anti-smuggling squad on…
WeBOC module deployed for bulk cargo
KARACHI: The WeBOC project team has deployed the Module for the clearance of the bulk import cargo for the KPT administered customs areas. Henceforth, all the IGMs pertaining to bulk…
US/ISAF/NATO consignments to be processed under WeBOC, July 22 onwards
KARACHI: The Directorate of Transit Trade, Customs House, Karachi has notified that the processing and clearing of US/ISAF/NATO transit cargo would be carried out under the web based customs computerized…
Khawaja Tanveer made Member Internal Audit as FBR reshuffle continues
KARACHI: Federal Board of Revenue (FBR) on Tuesday notified further posting and transfers of BS-20 and BS-21 officers of Inland Revenue Services (IRS) and assigned Khawaja Tanveer Ahmed the post…
Excess deduction; FTO recommends refund to contractor
KARACHI: The Federal Tax Ombudsman (FT) has recommended to the Federal Board of Revenue (FBR) to direct the Chief Commissioner to issue refund/compensation to labour contractor amounting to Rs198,966, as…
Application to revise customs valuation of sulphur rejected
KARACHI: The Director General of Customs Valuation has rejected the review application of M/s International Petrochemicals Pvt. Ltd against Valuation Ruling No.487/2012. International Petrochemicals had applied that sulphur price just…