Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Federal Board of Revenue (FBR) has proposed a series of amendments to the Customs Rules aimed at securing government revenue and discouraging mis-declaration. The new amendments stipulate that…
KARACHI: Customs Appellate Tribunal has upheld the Customs adjudication judgement in the case of M/s Pak Suzuki Motor ordering the company to pay the evaded government revenue and penalties thereof.…
Federal Investigation Agency (FIA) has initiated in-depth investigations in the affairs of M/s Zaniq Green pertaining to fraudulent evasion of government revenue. M/s Zaniq Green attempted to clear high value…
Islamabad: The aerated beverages industry’s representatives appeared before the Senate Standing Committee on Finance and Revenue and Chairman of the Federal Board of Revenue (FBR) to seek a reduction in…
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…
KARACHI: Federal Tax Ombudsman (FTO) Asif Mehmood Jah noted the FBR failure to develop effective and robust mechanism to capture due amount of sales tax at the import stage resulting…
KARACHI: MCC Appraisement East has served another three Contravention Reports on certain toy importers for evading legitimate government revenue to the tune of around Rs15 million through mis-declaring the description…
KARACHI: MCC Appraisement East has lodged an FIR against certain persons for illegal removal of in-bonded goods without filing of ex-bond GD, thus evading legitimate government revenue. Principal Appraiser Dost…
KARACHI: Directorate General of Intelligence & Investigation – FBR has notified transfers and postings of appraising officer (AO), intelligence officers (IO) and sepoys of Directorate General with immediate effect. Accordingly…
KARACHI: MCC Port Qasim has served a contravention report on M/s K.M Steel Mills for attempting to evade duty and taxes through mis-declaration of the imported goods in terms of…
KARACHI: A rift has developed between Customs Appraisement South and Directorate of Customs Intelligence and Investigation Karachi over the jurisdiction. Chief Collector Appraisement South Abdul Rasheed Sheikh is of the…
KARACHI: MCC Port Qasim has detected evasion of government revenue by M/s Rana Enterprises by mis-declaring weight of the imported LED lights. The importer in connivance with the clearing agent…
KARACHI: Directorate of Post Clearance Audit (PCA) has served contravention on eight importers of LED lights for claiming inadmissible concessions to evade government revenue. On the directives of Director PCA…
KARACHI: MCC Port Qasim has served a contravention report on M/s Chaudhry Steel Re-rolling Mills Pvt Ltd for attempting to evade government revenue through misdeclaring description of imported goods. M/s…
KARACHI: In order to arrest the declining revenue trends, the federal government has proposed to revise and raise incidence of sales tax on various imports and sectors. Steel sector is…
KARACHI: MCC Port Qasim has lodged an FIR nominating/s M.R Steel Furnace for evading government revenue through mis-declaring description and classification of the imported goods. M/s M.R Steel Furnace imported…
KARACHI: Directorate of Post Clearance Audit Karachi has served audit observations on M/s Colgate Palmolive Pakistan Limited underlining evasion of government revenue to the tune of Rs98.67 million on the…
KARACHI: Collector Adjudication Asif Marghoob Siddiqui has disposed the Show Cause Notice served on M/s Rana Enterprises and ordered to assess the imported consignment as per the concerned valuation ruling.…
KARACHI: Additional Collector of Customs Adjudication Shafique Ahmed Latki has penalised M/s Dawlance Pvt Ltd and clearing agent for evading government revenue through mis-declaration of classification of goods to claim…
KARACHI: Directorate of Customs Intelligence & Investigation has lodged an FIR against importers of water filers/RO membranes for evading government revenue through under-declaring the weight and quantity of goods. An…