Hardships being faced by the trade in the clearance of consignments at Containers and Off-Dock Terminals

The Karachi Customs Agents Association (KCAA), in a press release, informed that major delays are being observed in the clearance of cargo (Import and Export) at all Terminals, it is an alarming situation for trade. It has been observed that all terminals are taking extra time for grounding of containers… Continue reading

Revenue evasion of a billion rupees at EPZ detected

KARACHI: Directorate of Customs Intelligence and Investigation Peshawar has unearthed evasion of duty and taxes to the tune of around a billion rupees. Director Peshawar Arsalan Subuctageen formed a special team of field intelligence unit Mardan to inquire into the import and export record of M/s 04 Brothers at Export… Continue reading

Afghan transit Trade: SHC restrains Customs from coercive action against Nagina Electronics

KARACHI: Admitting a Special Customs Reference Application for regular hearing a divisional bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi, restrained respondent Custom officials from any coercive action against Nagina Electronics, Lahore, Peshawar. Essa Khan, owner of the Nagina Electronics challenged… Continue reading

Karachi Tax Bar proposes rationalization of direct and indirect tax structure

KARACHI:  The Karachi Tax Bar Association (KTBA) has suggested that the tax structure for corporate sector should be rationalized and tax rates for listed companies should at least be 5.0 percent lower than the non-listed companies. “The higher rate of tax is effectively a disincentive for multinational groups for locating… Continue reading

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