FBR imposes regulatory duty on import of mobile phones, iron/steel products
KARACHI: The Federal Board of Revenue (FBR) has imposed regulatory duty (R&D) in the range of 5.0 percent to 15 percent on the import of iron and steel products along…
DG Customs Valuation revises customs values of Aluminum foils
KARACHI: The Directorate General of Customs Valuation has revised the Customs values of aluminum foil vide Valuation Ruling No. 686/2014. It was brought to the notice of Directorate general that…
CIU Port Qasim detects mis-declaration; recovers short-paid duty/tax instantly
KARACHI: The Customs Intelligence Unit (CIU) of MCC Port Qasim has foiled a bid of mis-declaration, where a couple of importers tried to import CRC steel in the name of…
Almond valuations reduced significantly; valuation halved on Iran, Afghanistan origins
KARACHI: Pakistan Customs has reduced significantly the valuation of almond by 37 percent to $1.88 per kilogram and allowed the import of the dry fruit from all over the world,…
M/s A.J International charged for manipulation of invoices
KARACHI: The Collector Adjudication has created demand of around Rs10 million against M/s A.J international for manipulation of invoice hence mis-declaration. Collector Adjudication via order in original (ONO) imposed a…
American-Business Council suggests negative list under Afghan transit trade
KARACHI: American Business Council of Pakistan has urged the government to prepare a negative list of items under Afghan transit trade, which are not utilized in Afghanistan yet are imported…
Misdeclaration of alloy steel wire rod: Probe initiated against importers, agents, customs officials
KARACHI: Pakistan customs has initiated inquiry against importers, clearing agents and customs officials involved in mis-declaration of alloy steel wire rod during past three years, sources said. The sources said…