Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: A joint examination by Enforcement and Appraisement West at the Al-Hamd Container Terminal has uncovered a massive case of misdeclaration, with all seven containers inspected revealing discrepancies. The fraudulent…
KARACHI: Pakistan Chemicals & Dyes Merchants Association (PCDMA) has voiced serious concern over the misuse of the Export Facilitation Scheme (EFS), cautioning that duty-free imports are being diverted into the…
Islamabad: The Federal Board of Revenue (FBR) has unveiled a set of proposed amendments to the Customs Rules, 2001, aimed at refining procedural frameworks for export-oriented industries and enhancing regulatory…
KARACHI: President of the Karachi Chamber of Commerce & Industry (KCCI), Muhammad Rehan Hanif, has reaffirmed the Chamber’s commitment to resolving the issues of the business community, stating that “resolving…
KARACHI: In a move that has triggered widespread concern across trade, legal circles as well as most officers and officials, Pakistan Customs has begun purging import-export data older than five…
ISLAMABAD: In a decisive ruling on July 11, the Customs Appellate Tribunal dismissed appeals filed by M/s Premium Textile and Blanket Industry against the Collector of Customs, affirming the recovery…
KARACHI: Salim Valimuhammad, Chairman of the Pakistan Chemicals & Dyes Merchants Association (PCDMA), has raised serious concerns about widespread misuse of the Export Facilitation Scheme (EFS), warning that the current…
KARACHI: In a significant move to curb the misuse of the Export Facilitation Scheme (EFS), authorities have launched a large-scale crackdown, resulting in the arrest of several individuals and the…
KARACHI: PCA South has busted another EFS scandal involving M/s Deenar Industries Pvt Ltd Lasbella Hub and M/s MD Industries Pvt Ltd Lasbella Hub in an audacious tax evasion scandal…
KARACHI: In a groundbreaking revelation, the Post Clearance Audit (PCA) South has uncovered a massive fiscal fraud amounting to Rs. 2.4 billion, allegedly orchestrated by M/s Qazi Sanjrani Enterprises (Pvt.)…
KARACHI: The Post Clearance Audit (PCA) South has detected a significant case of fiscal fraud involving the fraudulent enterprise, M/s Fazal e Rabbi Enterprises Lasbella, Hub. The fraudulent enterprise, which…
Karachi: Mr. Atif Ikram, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has called upon the federal government to immediately provide level playing field in Export…
In a recent report, the Government of Pakistan’s Office of the Chief Collector of Customs (Exports/IOCO) in Karachi has highlighted the exceptional performance of the Export Collectorates of Karachi and…
The Federal Board of Revenue (FBR) has issued SRO 1637(I)/2024, introducing significant changes to the structure and jurisdictions of Customs departments in Pakistan. According to this new notification, the Appraisement…
In a significant crackdown, Karachi’s Collectorate of Customs Exports, led by Collector Irfan Javed, uncovered a major tax evasion scheme involving M/s. A.K. Brothers. Acting on credible information, Deputy Director…
KARACHI: Exporters are grappling with significant challenges caused by delays in the approval of the Export Facilitation Scheme (EFS) by the Customs Export Collectorate, Karachi. These delays have resulted in…
KARACHI: Pakistan Customs (West), Appraisement filed a Civil Petition for Leave to Appeal before Supreme Court of Pakistan challenging an order passed by an appellate bench of High Court of…
Karachi: The Directorate of Customs Intelligence in Karachi has intensified its efforts to combat fraudulent practices by ghost exporting units that have been exploiting duty and tax exemptions worth millions…
KARACHI: Pakistan Custom MODEL CUSTOMS APPRAISMENT AND FACILITATION WEST, is likely to file Civil Petition for Leave to Appeal (CPLA) before Supreme Court of Pakistan challenging an order by passed…
KARACHI: The Karachi Chamber of Commerce & Industry (KCCI), while identifying several anomalies in the Federal Budget 2024, highlighted that the Budget appears to have been prepared in the standard…