Under invoicing case: SHC fixes Nov 16 for hearing
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Muhammad Humayun Khan, on Thursday fixed Nov 16 to hear a petition filed by…
Customs releases Euro 7.38 million filing line plant of M/s Master Beverages & Food
KARACHI: MCC Port Qasim has released the consignment of M/s Master Beverages & Food after recovering Customs duty of Rs170 million, while the company has deposited Rs300 million of fine/penalty…
FIR lodged against M/s Master Beverages & Food Limited in a multi-million fiscal fraud case
KARACHI: MCC Port Qasim has finally lodged an FIR against M/s Master Beverages & Food Limited initiating criminal proceedings against the company pertaining to fiscal fraud. MCC Port Qasim has…
Customs seeks shipping lines assistance to scrutinize fabric import data
KARACHI: MCC Appraisement West has started scrutinizing the import data of all fabric shipment to identify which of these consignments were cleared on mis-declared port of shipping. There have been…
MCC Appraisement East detects fiscal fraud involving millions of rupees
KARACHI: The Collector of Customs Adjudication Javed Chaudry has served Show Cause Notice on the importer and clearing agents for evading government revenue through suppressing actual value of imported consignments.…
Wheat import sans regulatory duty payment; suspended staff demands independent fact finding committee
KARACHI: The Federal Board of Revenue (FBR) has extended the suspension of MCC Port Qasim appraising staff, suspended in connection with the assessment and clearance of consignment of ‘wheat’ without…
Customs Appraisement South briefed on the fraudulent release of security instruments scam
KARACHI: The R&D section of MCC Appraisement East gave a briefing and presentation of the senior officers of Customs Appraisement South regarding the case in which security instruments deposited to…
Mandatory approval of Chief Collector for proceedings under Section 32-A termed illegal
KARACHI: Several eyebrows have been raised on the directives of Federal Board of Revenue (FBR) making it mandatory for the Customs formations to seek approval of Chief Collector prior to…
Fraudulent evasion of duty/taxes; MCC PaCCS submits Challan against M/s Elektra Systems
KARACHI: The Model Customs Collectorate (MCC) PaCCS has filed a Challan before the Court of Special Judge (Customs & Taxation) against one Sahibzada Noor-ul-Amin, CEO of M/s Elektra Systems Pvt.…
Clearing agent freed after importer assumes responsibility of mis-declaration
KARACHI: The Pakistan Customs has arrested one Major (Retd) Noorul Amin in pursuance of FIR lodged against him for evading tax/duty to the tune of Rs8.894 million through mis-declaration and…