Two accused in Xanax smuggling case admitted to post arrest bail
KARACHI: Two accused Shehzad Yousuf and Abdul Waheed Jatoi were admitted to bail against solvent surery of Rupees 200,000 and PR Bond in the like amount by Control for Narcotics…
SHC admits accused in 1500 Kilogram heroin smuggling case to bail
KARACHI: Amir Muhammad Siddiq, an accused in a case of alleged smuggling of 1500 kilograms of heroin powder was admitted to bail by High Court of Sindh against a solvent…
Duty draw back case: SHC adjourns hearing, permits urgent hearing application
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Abdul Malik Gaddi on Wednesday adjourned hearing of a Special Customs Reference Application filed…
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…
Appraisement East to lodge FIR against M/s Fazal Elahi & Sons-Lahore
KARACHI: MCC Appraisement East has approached Chief Collector Appraisement South seeking approval to lodge an FIR against M/s Fazal Elahi & Sons-Lahore under Section 32, as the company was found…
Customs Appellate tribunal vacates show cause notice marble exporter
KARACHI: The Customs Appellate Tribunal Karachi, bench I headed by Mohammad Yahya, Member Technical I vacated a show cause notice issued against appellant Haris Trading Company, Peshawar. The tribunal was…
Electronic Form-E must for exporters shipments from November 11, 2015
KARACHI: Collector Appraisement East Majid Yousafani has advised all the exporters to apply to their respective banks for issuance of electronic Form-E through WeBOC so that there is no delay…
FBR and SBP sign MoU for automation of Form-E
KARACHI: State Bank of Pakistan (SBP) and Federal Board of Revenue (FBR) have signed MoU to the effect of automation of Form-E, which would have manifold benefits to all stakeholders…
Appraisement East registers 1300 bank branches in the WeBOC system
KARACHI: Federal Board of Revenue (FBR) and State Bank of Pakistan (SBP) are all set to implement the digitalization of Form-Es and BCAs. Around 1300 bank branches have been registered…
Form-E and BCAs to be digitalized; agreement signing on October 26, 2015
KARACHI: The Federal Board of Revenue (FBR) and State Bank of Pakistan (SBP) have prepared the module for digitalizing Form-E and BCA’s; an agreement to this effect, which was to…
Accused of exporting gold on fake Form-E given into jail custody
KARACHI: The arrested 8 accused persons involved in the export of gold jewelry on fake Form-E and depriving Government of foreign exchange remittance amounting to $214.9 million have been given…
Accused of exporting gold on fake Form-E arrested
KARACHI: MCC Exports Port Qasim have arrested 8 accused persons involved in the export of gold jewelry on fake Form-E and depriving Government of foreign exchange remittance amounting to $214.9…
Form-E and BCAs to be digitalized by October 12, 2015
KARACHI: The Federal Board of Revenue (FBR) and State Bank of Pakistan (SBP) have prepared the module for digitalizing Form-E and BCA’s; an agreement to this effect would be signed…
Pakistan Customs, State Bank join hands to monitor export proceeds, facilitate global trade
KARACHI: In order to plug loss of precious foreign exchange because of non-realization of export proceeds and use of fake Form-E, the Pakistan Customs and State Bank of Pakistan are…
Module for automated E-Form, Bank Credit Advice prepared
KARACHI: The Customs authorities in consultation with bankers fraternity and State Bank of Pakistan has developed the module of E-Form/ Bank Credit Advice (BCA), which would eliminate the menace of…
Budget Proposals 2015-2016: MCC Exports suggests measures to eliminate fake Form-E
KARACHI: The Model Customs Collectorate of Exports has proposed certain amendments in Customs Rules, Customs Act to facilitate exporters in general and to discourage submission of fake and fictitious Form-E…
MCC Exports lodges FIR against exporter for submitting fake Form-E
KARACHI: Model Customs Collectorate of Exports has lodged an FIR against onion exporter for depriving the economy of valuable foreign exchange through submitting fake and forged Form-E. The FIR has…
FIR lodged against exporter for using fake Form-E
KARACHI: MCC Exports Air Freight Unit has lodged another FIR against a jewelry exporter for furnishing fake and fabricated Form-E and depriving the economy of valuable foreign exchange worth $17.3…
Gold import/export mega scam admitted into cause list; proceedings initiated
KARACHI: Exports Collectorate Port Qasim has admitted the gold and jewelry import/export scam, which deprived national exchequer of over Rs80 billion, into the cause list and has initiated further proceedings…
Gold, jewelry exporter booked for submitting forged form-E
KARACHI: The Model Customs Collectorate of Exports has booked an exporter and Customs agents for exporting the consignments of gold & jewelry against fake Form-E and thus depriving the economy…