SHC summons KPT deferring compromise decree against Customs

KARACHI:-Justice Muhammad Ali Mazhar of High Court of Sindh (SHC) Tuesday deferred order in a compromise decree seeking appearance and NOC from KPT having a claim over confiscated goods, which were auctioned on the orders of the Court. The counsel for plaintiff Sirius Logistics Pakistan earlier told the court that… Continue reading

FBR directed to decide representation by Jamshoro and Lakhra power within a week

KARACHI: The Federal Board of Revenue (FBR) was directed by a division bench of High Court of Sindh (SHC) on Monday to decide the representations made by public (government) sector Independent Power Producers (IPPs) in respect of “Capacity Charges” within a week. The bench comprising Justice Sajjad Ali Shah and… Continue reading

SHC holds Bonus Shares to be taxable, dismisses seven suits

KARACHI: A bench of High Court of Sindh (SHC) deciding a number of suits challenging the levy of income tax on “Bonus shares“ dismissed the same holding that bonus shares are also taxable. Justice Muhammad shafi Siddiqui of SHC heard the suit filed by Muhammad Hussain Kassim and 12 others… Continue reading

Tax fraud case: Bail plea hearing fixed for Sept 21

KARACHI: The hearing of a Special Criminal Bail Application filed by a facilitator in a tax fraud case is fixed for September 21, 2015 at High Court of Sindh. According to details, Directorate of Intelligence and Investigations, Inland Revenue was tipped that a number of persons are engaged in the… Continue reading

Importer seeks SHC permission for release of goods against bank guarantee

KARACHI: A division bench of High Court of Sindh issued notice to the FBR, Collector Customs, West and Director General, Directorate of Valuation for Sept 11 , in an application filed by Perwaiz Trading Corporation seeking release of imported consignments against a bank guarantee instead of cash payment of pay… Continue reading

MCC Port Qasim approaches SHC as Tribunal allows over-quota import of alcohol on under-stated invoice

KARACHI: MCC Port Qasim has approached Sindh High Court against six orders issued by Customs Appellate Tribunal in cases of similar nature raising several questions of law, which the Tribunal did not consider in making the rulings. “Irreparable loss / harm would be caused if the appeals are disallowed,” the… Continue reading

Petition against All Pakistan Customs Agents Association disposed of

KARACHI: The division bench of Sindh High Court (SHC) has disposed of a petition filed against All Pakistan Customs Agents Association (APCAA) and asked the ministry of commerce to settle the issue as per trade bodies’ law. The APCAA was registered in 2010 under Trade Organization Ordinance 2007. Arshad Jamal… Continue reading

SHC orders clearance of PIA aircraft on submission of bank guarantee

KARACHI: Pakistan Customs held two aircrafts imported by Pakistan International Airlines (PIA) on lease, as the national flag carrier refused to pay the duty/tax. PIA took this stance that the aircraft were exempted from duty/tax as they were on rent/lease and were not owned by the Airline. The goods declaration… Continue reading