SHC orders release of consignments as interim relief
KARACHI: Hearing a constitutional petition filed by Ali Container (Pvt) Ltd, a custom appellate bench of High Court of Sindh as a measure of interim relief ordered release of consignments…
Customs Appraisement SAPT seize imported motors worth Rs. 103.7 million for tax evasion
KARACHI: The Collectorate of Customs Appraisement (SAPT) has seized a consignment of assorted stainless steel submersible motors worth Rs. 103.7 million for misdeclaration of description and capacity, resulting in evasion…
I&I Karachi busts money laundering, fiscal fraud racket
Karachi: The Directorate of Intelligence & Investigations-Customs, Karachi has lodged a First Information Report (FIR) against 12 importers and their agents for allegedly laundering money through illegal channels and evading…
I&I Karachi issues alerts on yarn importers’ malpractices
KARACHI: The Directorate of Intelligence and Investigation (I&I) Karachi has issued three alerts to the field formations of the Federal Board of Revenue (FBR) regarding the malpractices of some industrial…
Investigations proceed in the money laundering case against M/s HSJ Metals
KARACHI: The investigation into the case of M/s HSJ Metals have progressed. MCC Hyderabad had already taken cognizance of this offence by the company and lodged FIR in March 2023.…
Customs Intelligence Karachi uncovers Rs 3 billion money laundering scheme
KARACHI: In a first of its kind case, the Customs Intelligence Karachi has exposed a massive money laundering scheme involving Rs.3 billion worth of steel bars that were smuggled from…
Tax offices extend hours on September 30th to ease taxpayers’ burden
KARACHI: To help the taxpayers pay their duties and taxes on time, all tax offices will stay open and work longer hours until 8 PM on Saturday, September 30, 2023.…
FIR lodged against M/s Seagate International
KARACHI: On the instructions of Collector Appraisement East Karachi Aamir Thaim, an FIR is lodged against M/s Seagate International for submitting forged documents to evade legitimate government revenue. M/s Seagate…
FIR lodged against Multan Institute of Kidney Diseases for fraudulent imports
MULTAN: A credible information was passed through Collector Appraisment West Tahir Qureshi to Additional Collector Yasir Kalwar and Deputy Collector Raza Naqvi that M/s Multan Institute of Kidney Diseases (MIKD)…
SHC disposes petition involving classification dispute, release ordered
KARACHI: Hearing a constitutional petition filed by Messers Axiom Trading Incorporated, Karachi, a custom appellate bench of High Court of Sindh allowed the request made by the petitioner company. Earlier…
SHC allows petition by Khalil Sons
KARACHI: A petition filed by a local importer Khalil Sons seeking delayed payment of disputed amount of duty, taxes was disposed of by a customs appellate bench of High Court…
Delay in final determination of liability: Benefit goes to importer
KARACHI: Deciding a petition filed by Messers Spectrum Enterprises, a customs appellate bench of High Court of Sindh held that after provisional determination/assessment, Customs department is bound to make a…
SHC orders issuance of show cause notice to petitioner
KARACHI: A demand based on internal audit but without issuance of show cause notice is not sustainable, held a custom appellate bench of High Court of Sindh. The bench was…
PIBT Is a National Infrastructure Project with Capacity to Meet National Coal Demand
Karachi: Pakistan International Bulk Terminal (PIBT) has contributed Rs 5.8 billion in FY2020-21 to the national exchequer of which around Rs. 3.7 billion was royalty payment of $2.27 for every…
Massive revenue evasion detected on imported perfumes
KARACHI: MCC Appraisement East has booked an importer and clearing agent for evasion of duties and taxes on import of high-end branded perfumes through mis-declaration of description, quantity, brands and…
FIR lodged for revenue evasion
KARACHI: MCC Appraisement East has booked an importer and clearing agent for evasion of duties and taxes through submission of fake and forged documents showing under invoiced and suppressed transaction…
M/s Sigma Industries penalized
KARACHI: Customs Adjudication has penalized M/s Sigma Industries (Pvt) Ltd for attempting to evade government revenue through mis-declaring description of imported goods. M/s. Sigma Industries (Pvt.) Limited filed a goods…
SHC dismiss suits by PIA, Shaheen Air
KARACHI: Justice Junaid Ghaffar of High Court of Sindh (SHC) dismissed two identical but separate suits filed by PIA and Shaheen Air International in line with a land mark judgment…
Toy importers penalized for evading government revenue
KARACHI: Additional Collector Adjudication Dr. Sadia Sadaf has penalized certain cartel of toy importers for concealing the actual description of the goods to take an attempt for getting the goods…
Customs Appraisement-South effects 21% growth in revenue collection
KARACHI: Customs Appraisement-South has collected Customs Duty of Rs. 454 billion during the FY 2017-18 showing an impressive growth of 21% over the collection of Rs. 377 billion during FY…