Pakistan Customs, Tax, Shipping & Business News Resource
Karachi: The Customs Intelligence and Investigation (I&I) Karachi has revealed that some industrial importers of plastic daana (PCT 39.01 & 39.02) are misusing the tax benefits granted to them and…
Karachi: Amin Yousuf Balgamwala, chairman PCDMA & former director of Karachi Stock Exchange has expressed serious concerns over the inclusion of certain industrial raw materials in the category of finished…
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan has assured Pakistan Chemicals & Dyes Merchants Association (PCDMA) will approach the Federal Board of Revenue (FBR)…
KARACHI: The Finance Bill 2019 proposes that commercial importers of goods listed in Third Schedule will pay sales tax at import stage on ‘retail price’ instead of value determined under…
KARACHI: The Finance Bill 2019 has proposed to reintroduce minimum tax for commercial importers and ship breakers for tax collected at import stage. The Tax collected at import stage from…
KARACHI: Union of Small and Medium Enterprises (UNISAME) has urged the State Bank of Pakistan (SBP) to facilitate the commercial importers and suppliers of mechanical industrial equipment and spare parts…
KARACHI: The Federal Budget 2018-19 has proposed to treat income tax paid by the commercial importers as minimum tax instead of final tax, which means commercial importers are now required…
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has rejected a revision petition filed by M/s Forte Pakistan Pvt Ltd seeking revision of Valuation Ruling No.936/2016. M/s Forte Pakistan (Pvt)…
KARACHI: Directorate of Customs Valuation has revised the customs values of UPVC, CPVC, PPRC pipes and pipe fittings vide valuation ruling No.1001/2016. The customs values of UPVC, CPVC, PPRC pipes…
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has rejected the revision petition filed by M/s Fine Traders and others against the Valuation Ruling No.889/2016 and upheld the values of…
KARACHI: Pakistan Customs (South) has blocked 135 containers of PVC flex, which are suspected to be containing PVC scrap, which is prohibited to be importer as per the provisions of…
KARACHI: The Director, Directorate of Valuation, Pakistan Customs issued Valuation Ruling 988 of 2016 in exercise of powers conferred under Section 25-A of Customs Act in respect of PVC Panaflex,…
KARACHI: The Director, Directorate General of Valuation, Pakistan Customs issued Valuation Ruling (VR 986 of 2016) for second hand clothing, shoes, leather bags, jackets, belts, used toys, kitchen ware exercising…
KARACHI: The readymade garment importers have approached Director General Customs Valuation Syed Tanveer Ahmed praying revision in the values of low-end readymade garments determined vide Valuation Ruling No. 886/2016. The…
KARACHI: Director Customs Valuation Dr. Wasif Memon has revised the customs values of linear Alkyl Benzene Sulphonic Asic (soft & Hard type) vide Valuation Ruling No.880/2016. Customs values of Linear…
KARACHI: Since there is no mechanism for verification of persons on whose names WeBOC unique user IDs have been issued, FBR is likely to make it mandatory for all WeBOC…