Importer, agent booked for defrauding exchequer
KARACHI: MCC Appraisement West has lodged an FIR against proprietor of M/s Rainbow Industries, Karachi and partners of M/s Danyal Agencies and one Malik Ehsan for under-declaring the weight of…
Customs Adjudication penalizes M/s BBJ Pipes Industries
KARACHI: Collector Customs Adjudication Dr. Shazia Ikram has penalized M/s BBJ Pipes Industries and clearing agent M/s Chanar Associates for attempting to evade government revenue through claiming inadmissible benefit of…
Tyre & tube importer penalized for under-invoicing
KARACHI: Collector Customs Adjudication Dr. Shazia Ikram has penalized tyres and tube importer for attempting to evade government revenue through under-invoicing. M/s Shafqat Automobiles Sargodha imported a consignment declared to…
Diaper importers found misusing concessionary SRO
KARACHI: MCC Appraisement East has detected evasion of Rs47.46 million, which certain diaper importers committed by availing inadmissible benefit under SRO 1125(I)/2011. MCC Appraisement East has so far recovered Rs7.39…
Internal Audit points non-recovery of government revenue from M/s International Industries
KARACHI: The Directorate of Internal Audit – Customs has pointed that MCC Exports Port Qasim failed to collect duty/taxes on the disposal of wastages from manufacturing bond, which is required…
Internal Audit points short-realization of revenue by MCC Gwadar
KARACHI: The Directorate of Internal Audit – Customs has made an observation that MCC Gwadar short-realized an amount of Rs53.102 million from ship breakers during 2014-15. The Audit Team comprising…
Customs Valuation issues three more guidelines
KARACHI: Directorate General of Customs Valuation has circulated three valuation guidelines for the notice of all formations about the prevailing international price trend of several importable goods. Directorate General Customs…
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…
MCC Appraisement East starts attaching accounts/properties of revenue evaders
KARACHI: MCC Appraisement East has started issuing notices to various banks and Land Departments advising to attach bank accounts and properties of various importers/companies, which evaded government revenue to the…
Internal Audit points out stuck-up revenue due to inefficiency of Customs I&I Karachi
KARACHI: The Directorate of Internal Audit points out that government revenue to the tune of billions of rupees was stuck-up due to the inefficiency of Directorate of Customs Intelligence &…
SHC dismisses contempt application by Master Beverages
KARACHI: Justice Salahuddin Panhwar of High Court of Sindh on Wednesday dismissed a contempt of court application filed by M/s Master Beverages & Food Limited against MCC Port Muhammad Bin…
High Court adjourns in the case of M/s Master Beverages & Food Ltd
KARACHI: High Court of Sindh on Monday adjourned hearing of a contempt of court application filed by M/s Master Beverages & Food Limited against MCC Port Muhammad Bin Qasim till…
M/S Master Beverages & Food Limited approaches Court for initiation of contempt proceedings against MCC Port Qasim
KARACHI: The M/s Master Beverages & Food Limited has approached High Court requesting initiation of contempt of court proceedings against MCC Port Qasim, as the MCC defied the Court order…
Master Beverages & Food Limited caught evading government revenue
KARACHI: MCC Port Qasim has detected the largest ever duty/tax evasion on just one consignment to the tune of Rs170 million by M/s Master Beverages and Food Limited, Gujranwala, a…
I&I Karachi recovers evaded amount
KARACHI: The Directorate of Customs Intelligence & Investigation (enforcement) has recovered significant amount of government revenue, which was evaded through mis-declaration. In pursuance of a credible information regarding clearance of…
MCC Appraisement West initiates campaign to affect dead recoveries
KARACHI: Collector MCC Appraisement West, Mohammad Saleem has taken this task to effect dead recoveries to the tune of billions of rupees. According to details, during the renovation and shifting…