Copper rod or Copper wire: SHC issues notice for Aug 22
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Anwar Hussain on Friday issued notice to the DG Custom Valuation and others for…
DG Customs Valuation orders to increase values of Chinese origin tiles by 12.5 percent
KARACHI: Director General Customs Valuation Syed Tanveer Ahme has directed Director Customs Valuation Wasif Memon to increase the values of Chinese origin tiles by 12.5 percent with immediate effect. Manufacturers…
ONO against M/s Leader AG set aside
KARACHI: The Collector of Customs Appeals Dr. Zulfiqar Ahmad Malik has set aside the order-in-original served on M/s Leader A.G by assistant collector adjudication penalizing the company for mis-declaring the…
Cotton association criticize duty, tax on cotton import
KARACHI: The Karachi Cotton Association (KCA) has expressed its deep concern over the levy of 3.0 percent customs duty, 1.0 percent additional duty and 5.0 percent sales tax on import…
Pakistan Customs’ revenue collection crosses Rs1.0 trillion mark
KARACHI: The revenue collection by Pakistan Customs crossed the trillion mark, as Pakistan Customs collected Rs1.076 trillion in the fiscal year 2015-16, up 16 percent as compared with the total…
Customs anti-smuggling campaign results in revenue collection surpassing targets
KARACHI: Customs Enforcement South headed by Chief Collector Mohammad Zahid Khokhar has been quite instrumental against the FBR’s anti-smuggling campaign, which is reflected in the revenue collection surpassing all targets.…
Oil Section MCC Preventive surpasses all revenue collection targets
KARACHI: The Oil Section of MCC Preventive has surpassed all revenue collection targets as the total collection for the year 2015-16 stood at Rs112.56 billion, which is 18 percent higher…
MCC Islamabad surpasses revenue collection targets
KARACHI: MCC Islamabad led by Collector Arslan Subuctageen has surpassed all revenue collection targets as the total collection for the year 2015-16 stood at Rs17.422 billion, which is 8.0 percent…
Prices of kitchen items, medicine and other to increase one per cent from Friday
KARACHI: After increasing one per cent Customs Duty of above 1400 products, the prices of medicine, tea, green tea, rice and other kitchen item would be increased from tomorrow (Friday)…
MCC Port Qasim recovers Rs1.3 billion from M/s Engro Elengy Terminal
KARACHI: MCC Port Qasim after hectic efforts has recovered Rs1.325 billion from M/s Engro Elengy Terminal (pvt) Ltd, which was outstanding against them as customs duty. According to the details,…
Government notifies customs duty exemption/concessions on raw material imports
KARACHI: The government of Pakistan has notified customs duty exemption and concessions on raw materials used for a number of products. SRO 474(I)/2016 has amended the table of earlier SRO…
Government rationalizes additional customs duty
KARACHI: The government of Pakistan has imposed 1.0 percent additional customs duty on import of various products. SRO 476(I)/2016 has notified amendments in SRO 1178(I)/2015. Accordingly, exemption from additional customs…
Finance Bill 2016 rationalizes customs duty structure
KARACHI: The Finance Bill 2016 proposes to rationalize the Customs tariff besides withdrawing exemptions aimed at eliminating discriminatory tax exemptions and concessions. Finance Bill proposes to reduce tariff slabs from…
PCA detects duty/tax evasion of Rs289.58 million in May 2016
KARACHI: Directorate of Post Clearance Audit Karachi has detected duty/tax evasion and short payment of Rs289.58 million in the month of May 2016 by various companies and traders. The Directorate…
High profile companies caught violating laws
KARACHI: MCC Appraisement East has framed Contravention Reports against several big companies, who abused the green channel facility and got their import consignments cleared without complying with the documentation requirements.…
Post Clearance Audit Karachi detects short-payment of revenue by M/s GM Cables & Pipes Pvt Ltd
KARACHI: Directorate of Post Clearance Audit (PCA) Karachi has served Audit Observation on M/s GM Cables & Pipes Pvt Ltd creating a demand of Rs7.055 million, an amount, which was…
Contravention served on M/s Premier Cables
KARACHI: Directorate of Post Clearance Audit (PCA) Karachi has served Audit Observation on M/s Premier Cables Pvt Limited creating a demand of Rs40.514 million, an amount, which was short-paid by…
Internal Audit points out non-realization of revenue from QESCO
KARACHI: The Directorate of Internal Audit has advised MCC Quetta to make hectic efforts to realize huge amount outstanding towards Quetta Electric Supply Company (QESCO). Internal Audit in an Audit…
Export of perishable goods allowed without requirement of Form-E
KARACHI: The Export Policy Order 2016 has allowed export of perishable goods to Afghanistan and Central Asian Republic on filing of regular shipping bills without the requirement of Form-E. This…
SHC issues contempt of court notices against Collector, Additional Collector, Appraisement, West
KARACHI: The contempt of court notices were issued against Collector Customs and Additional Collector Customs, Appraisement West, by a divisional bench of High Court of Sindh (SHC) comprising Chief Justice…