Anti-smuggling drive continues in Punjab
KARACHI: The anti-smuggling drive launched by Federal Board of Revenue (FBR) has gained momentum across Punjab, and Customs staff has made several seizures of large quantity of smuggled goods. Collector…
PCA serves audit observation on M/s Master Beverages & Foods Limited
KARACHI: PCA serves audit Directorate Karachi has served an Audit Observation on M/s Master Beverages & Foods Limited Gujranwala regarding short payment or evasion of duty and taxes amounting to…
FBR to observe extended working hours
KARACHI: The Federal Board of Revenue (FBR) has notified that all field offices of Customs and Inland Revenue will remain open and observe extended working hours i.e. 09:00 am to…
Super tax collection hangs in balance
KARACHI: A sizeable amount of government revenue is stuck up as the Sindh High Court has stayed recovery of Super Tax because of a petition filed by a leading brokerage…
All authorities on same page against smuggling
KARACHI: It is heartening to observe that all the authorities have developed a consensus that smuggling is the biggest problem of the country as on one hand its hurts economy…
FBR directs officers/officials to have no contact with Taiwan authority
KARACHI: The Federal Board of Revenue (FBR) has advised all the formations of Customs and Inland Revenue to make no direct contact with Taiwan authorities/agencies as Pakistan pursues ‘One China’…
Inland Revenue Intelligence assigned jurisdiction over cases of LTU-II Karachi
KARACHI: The Federal Board of Revenue (FBR) has empowered Direcotrate of Intelligence and Investigation of Inland Revenue Karachi to investigate around 500 cases falling within the jurisdiction of Large Taxpayers…
ASO Preventive Lahore seize smuggled vehicles
KARACHI: The Anti Smuggling Organization (ASO) MCC Preventive Lahore has initiated crackdown against non-duty paid vehicles and seized six vehicles worth Rs15 million in March 2016 so far. The campaign…
Deputy Commissioner dismissed from service
KARACHI: The Federal Board of Revenue (FBR) has dismissed Rashid Ahmad Deputy Commissioner RTO Lahore from service on the charge of misconduct and unauthorized absence from duty. A formal inquiry…
Customs Islamabad seizes smuggled goods
ISLAMABAD: The Anti Smuggling Cell of MCC Islamabad has seized large quantity of smuggled mobile phones along with sex medicines worth millions of rupees. Chief collector Sarwat Habib Tahira has…
Sales tax refunds stuck up at LTU-II Karachi
KARACHI: Over a billion rupees are stuck up with Large Taxpayers Unit (LTU-II) Karachi, as sales tax divisions have not been activated at the unit since its inception two months…
FBR simplifies procedure for sales tax registration
KARACHI: The Federal Board of Revenue (FBR) through amendments in Sales Tax Rules, 2006 has relaxed the procedure of sales tax registration. FBR has relaxed the condition of computerized submission…
Customs appraisement officers’ association demands a rational promotion policy
KARACHI: All Pakistan Appraisement Officers Association has suggested suitable reorganization of Customs formations to complement higher degree of automation, efficient revenue collection and trade facilitation with increased focus on security.…
Customs department files written statement in nine identical suits
KARACHI: A Written Statement (WS) was filed here yesterday by Pakistan Customs, Valuation in nine suits filed on identical law point impugning show cause issued to them separately by the…
Government to give FBR civil court powers under ‘Benami Transaction Act 2016’
KARACHI: The Federal Board of Revenue (FBR) shall, for the purpose of ‘Benami Transaction (Prohibition) Act’, 2016 have the same powers as are vested in a civil court under the…
SHC adjourns FED petitions until March 22
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Abdul Mali Gaddi hearing 28 identical petitions against levy of Federal Excise Duty and…
SHC to hear FED cases on day-to-day basis
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Abdul Mali Gaddi hearing 28 identical petitions against levy of Federal Excise Duty and…
Customs Quetta seizes goods worth Rs41.27 million
KARACHI: Customs Quetta has seized large quantity of smuggled goods worth Rs41.274 million in several operations during first two weeks of March. The seized goods include cloth, food grain, tea,…
FBR likely to waive penalty on non-filing of withholding statements
KARACHI: Minister of State and Special Assistant to the Prime Minister on Revenue, Haroon Akhtar, has saidon Friday that the government will consider to withdraw penalty notices issued against non-filing…
Export rebate payment surge by 3.93 percent
KARACHI: Pakistan Customs has issued export rebate of Rs8.24 billion during fiscal year 2014/2015, which is 3.93 percent higher as compared to Rs7.93 billion issued in 2013-14, says the Year…