Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: With only one month left in the fiscal year, Pakistan’s tax collection system has released a new report that gives reason for both hope and serious concern. For the…
KARACHI: A customs appellate bench of High Court of Sindh (SHC) decides four Special Customs Reference Applications filed by Directorate of Intelligence & Investigations (I&I) against Messer’s Mansoor Stores and…
Karachi: Collectorate of Customs (Appeals) Karachi has ruled in favor of M/s Hoora Pharma (Pvt) Ltd, allowing the company’s imported surgical sutures to be classified under PCT heading 9938, which…
KARACHI: Sutures are not amenable to the reduced rate of Sales Tax, ruled a constitutional bench of High Court of Sindh (SHC) comprising Justice Adnan Iqbal Chaudhry and Justice Muhammad…
KARACHI: The Federal Government has rescinded SRO 499 (I)/2013, which extended exemption of Customs duty, sales tax and withholding tax on import of hybrid electric vehicles (HEVs) falling under PCT…
KARACHI: The Directorate of Intelligence and Investigation (I&I) Karachi has cracked down on a money laundering racket involving 20 importers who allegedly siphoned off foreign exchange through illegal channels and…
KARACHI: An appeal filed by Directorate General of Customs Intelligence & Investigations against Zain Enterprises and Collector of Customs (Appeals) was allowed by the Special Customs Appellate Tribunal, Karachi. Mazhar…
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf has advised the government to put the import of recycled plastic under any description in the negative list…
The government has announced the imposition of customs duty (CD) on the import of agricultural tractors as part of the new fiscal budget. The CD rates vary based on the…
KARACHI: Sindh High Court has set aside the order of Customs Appellate Tribunal in the case of fraudulent import of electric buses, and advised Customs Collectorate to assess the imported…
KARACHI: A custom appellate bench of High Court of Sindh issued a detailed judgment in petitions pertaining to levy of regulatory duty on “Motor Spirit”. The Petitioners in all these…
KARACHI: A custom appellate bench of High Court of Sindh decided a Special Custom Reference Application (SCRA) against the applicant and in favor of the respondent Appellate tribunal as well…
KARACHI: Collector Adjudication Feroz Junejo has penalized M/s CAUSIS Mass Transit (Pak) Private Limited for fraudulent mis-declaration of value of imported electric buses to evade legitimate government revenue. The importer…
KARACHI: Collector Appraisement East Aamir Theim has assigned Additional Collector R&D Imran Sajjad Bukhari to approach China Customs authorities to obtain the details including value and supplied of electric buses…
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Muhammad Idrees, while highlighting the impact of unstoppable devaluation of Pakistani rupee against dollar, all-time highest inflation, warned that unsettled economic…
KARACHI: High Court of Sindh (SHC) will hear a petition on March 29, filed by Modern Plastic Industries and 30 other industrial units licensed in Karachi Export Processing Zone (KEPZ)…
KARACHI: Utrade Logistics become the first in Pakistan to be successful in getting exemption in customs duty for manufacturing units, amounting to over Rs4 billion for a biggest Cement manufacturer…
KARACHI: In the absence of a clear date of clearance of goods, the applicability of a Valuation Ruling would be far-fetched. This was held by a Customs Appellate bench of…
KARACHI: Abdul Majeed Paracha, Acting Chairman Pakistan Tea Association (PTA) tendered resignation from post of Acting Chairman in protest over valuation or amount of customs duty payable on imported tea.…
KARACHI: The motorcycle industry is over burdened with customs duty and additional excise duty on motorcycle spare parts. The government has levied a total of 85.5 per cent duty on…