Additional customs duty increased by 1.0pc on auto parts
KARACHI: The Federal government has increased additional customs duty by 1.0 percent to 16 percent on the import of auto parts. The SRO 1189(I)/2015 has amended SRO 693(I)/2006 and has…
Customs appellate tribunal allows appeal in auto-parts case
KARACHI: The Custom Appellate Tribunal, Bench–I Karachi allowing an appeal vacated a show cause notice issued to appellant Ghazi Steel Mills. The tribunal headed by Muhammad Nadeem Qureshi, Member Judicial…
Imported booked for attempting to defraud exchequer
KARACHI: MCC Port Qasim has lodged an FIR against the importer M/s Anum Traders for attempting to evade duty and taxes to the tune of Rs3.758 million and clearing restricted…
FIRs lodged against motorcycle assemblers for evading duty/tax on parts import
KARACHI: The MCC Hyderabad has lodged an FIR against M/s D.S Motors, M/s Memon Motor and M/s Raazy Motors for concealing and misappropriating weight of motorcycle parts. Their customs agents…
Importer, agent booked for attempting to clear contrabands through mis-declaration
KARACHI: The Directorate General of Transit Trade has lodged FIR against importer and clearing agent for mis-declaration of goods and import of banned items in transit trade. According to details,…
Tribunal remits redemption fine, penalty imposed on auto parts raw material importer
KARACHI: The Customs Appellate Tribunal has struck down the redemption fine and penalty imposed on auto parts raw material importer noting that no evidence could be found to establish intentional…
CIU MCC Port Qasim foils bid to evade taxes through mis-declaration
KARACHI: The Collectorate Intelligence Unit (CIU) of MCC Port Qasim has lodged an FIR against an importer for under-declaring the goods and thus attempting to evade duty and taxes. According…