MCC Quetta pays Rs71.752m refunds to exporters
QUETTA: The Model Customs Collectorate Quetta paid Rs.71.752 million refunds to exporters during first 11 months of Fiscal Year 2017-18 under head of customs duty (CD). According to details told…
FPCCI terms federal budget 2018-19 a populous yet balanced one
KARACHI: Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has termed the federal budget 2018-19 a populous and yet a balanced budget envisaging several pro-business measures. President FPCCI Ghazanfar…
Federal Budget 2018-19 proposes tariff rationalization measures, imposes RD on kits
KARACHI: Federal Budget 2018-19 has proposed several revenue measures including rationalization of custom duty on several importable items along with imposition and increase in regulatory duty on certain goods. It…
MCC Appraisement East issued assessment alert
KARACHI: MCC Appraisement East has issued an assessment alert and all assessing officers are directed to observe due diligence in classification while assessing varnishes and polyester polyamide wire enamel/varnishes. The…
Encashment of guarantee: SHC issue notices for March 27
KARACHI: An appellate bench of High Court of Sindh issue notices to the Collector Customs, West for March 27 in a petition filed by Wellco International which imported a consignment…
Customs tribunal gave final opportunity to customs
KARACHI: A special customs appellate tribunal comprising Ghulam Mustafa Memon, Member Judicial and Tanveer Ahmed, Member Technical on Tuesday deferred hearing of an appeal filed by telecom giant Telenor till…
MCC Quetta seizes smuggled goods worth Rs113.6 million
KARACHI: MCC Quetta has been quite effective against smuggling as smuggled/non-duty-paid goods worth Rs113.6 million were seized and kept in the custody of Customs in the first 19 days of…
MCC Lahore surpasses revenue collection target
KARACHI: Model Customs Collectorate (Appraisement), Lahore has collected Rs. 3185 million as Customs Duty during October, 2017 compared to Rs. 1998 million of October last and thus registered growth of…
Customs agent oppose collection of duty on imported cars in foreign exchange
KARACHI: One Customs clearing agent Syed Amjad Ali Shah has expressed concerns over the recently issued statutory order that customs duty and taxes would be collected in foreign exchange on…
MISDECLARATION OF PCT, EVASION OF MILLIONS IN CUSTOM DUTY DIT files SCRA in a Chief Autos case
KARACHI: The Directorate of Intelligence & Investigations, Pakistan Customs has filed a Special Customs Reference Application (SCRA) impugning a judgment by Member Judicial (II) of Special Customs Appellate Tribunal, Karachi,…
SHC orders release of consignments as per Customs Valuation
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Zulfiqar Ahmed Khan on Wednesday ordered release of consignments of toilet soaps as per…
Ehancement of duty by Director Valuation SHC to hear hundreds of identical petitions on Aug 22
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Zulfiqar Ahmed Khan on Friday issuing notices to Pakistan Customs, Valuation for Aug 22…
Importers withdraw suit after petition as Customs counsel cornered them legally
KARACHI: In view of strong and technical arguments advanced by the Counsel for MCC, Preventive, two importers/plaintiffs withdrew a suit filed by them. Earlier their constitutional petition was also dismissed…
SHC orders release of consignment on payment of duty, taxes, 35 per cent fine
KARACHI: A single judge of High Court of Sindh (SHC) following rule of consistency ordered release of a consignment of steel sheets imported by a plaintiff Mughal Steel. Earlier Muhammad…
PCA detects possible revenue evasion of Rs368.55 million
KARACHI: The Directorate of Post Clearance, Karachi Audit has made remarkable performance in the month of July 2017 and detected 20 cases involving revenue of Rs368.555 million. Directorate of Post…
Cable importer charged for mis-declaration
KARACHI: Collector Customs Adjudication Dr. Shazia Ikram has penalized M/s Atta Cables Pvt Ltd for evading government revenue by misdeclaring the description and classification of imported goods. The Directorate of…
SHC issue notices in suit by shoe importer for July 28
KARACHI An appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Yousuf Ali Sayeed issued in asuit filed by a shoe importing company seeking exemption…
Shoe importer files suit, seeks exemption under FTA, hearing today
KARACHI: An appellate bench of High Court of Sindh (SHC) will hear a suit filed by a shoe importing company seeking exemption under Free Trade Agreement (FTA) between Pakistan and…
SHC allows release of toiler soap consignment, issue notice in identical petition
KARACHI: An appellate bench of High Courtof Sindh (SHC) comprising Justice Munib Akhtar and Justice Yousuf Ali Sayeed on Monday ordered release of a toilet soap consignment imported by petitioner…
Pakistan Customs South delivers 13.4 percent revenue collection growth
KARACHI: Pakistan Customs South region made a remarkable performance in the fiscal year ended June 30, 2017 as the Customs duty collection surged by a significant 13.4 percent to Rs295.616…