LHC interim order hailed by medical suppliers Medical devices price to drop 

LAHORE: The medical suppliers have hailed an interim order passed by a single judge of Lahore High Court in a writ petition filed by 45 petioner companies including A.S. Enterprises, Moon Enterprise and other challenging the vires of Medical Device Rules 2007. The rules were enacted under Drug Regulatory Authority… Continue reading

MCC Appraisement East lodged 2 FIRs against habitual culprits

KARACHI: MCC Appraisement East has lodged 2 FIRs against a certain group of people for submitting fake/bogus pay orders of differential amount of duty and taxes for the release of their consignments. Collector Appraisement East Nadeem Memon had advised Additional Collector Rizwan Bashir to scrutinize the security instruments received as… Continue reading

M/s Amreli Steels Limited caught mis-declaring imported goods to evade duty and taxes

KARACHI: MCC Port Qasim has detected gross mis-declaration of imported goods by M/s Amreli Steels Limited, which would have caused a significant revenue loss if went undetected. Amreli Steels Limited was incorporated in 1984 as a private limited company and converted into a public unquoted company in 2009. The Company… Continue reading

SHC stays collection of 3.0 percent additional tax

KARACHI: A customs appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi on Friday restrained collection of three percent additional tax on imported goods at import stage. The bench was hearing a petition filed by M/s Cropland Chemical & Seed Services… Continue reading

Special Customs Court Lahore acquits accused in Goods transshipment fraud case

LAHORE: Khaqan Babar. Special Judge Customs, Taxation and Anti-smuggling, Lahore allowing an acquittal application under section 265-K exonerated applicant/petitioner Muhammad Kamal Subhani. The applicant was accused of replacing goods of higher value with goods of lower value from containers under transshipment from Karachi Port to NLC Dry Port Lahore besides… Continue reading

Several arrested for defrauding Pakistan Customs

KARACHI: MCC Appraisement East has detected revenue evasion of Rs8.2 million, and booked several accused for evasion of duties and taxes through submission of fake and forged documents showing under-invoiced and suppressed transaction value of the imported goods. Collector Saeed Akram had formed a team comprising Deputy collector Talha Salman,… Continue reading

FIR lodged for revenue evasion

KARACHI: MCC Appraisement East has booked an importer and clearing agent for evasion of duties and taxes through submission of fake and forged documents showing under invoiced and suppressed transaction value of the goods. Collector Saeed Akram had formed a team comprising Deputy collector Talha Salman, Principal Appraiser Dost Muhammad,… Continue reading

M/s Sigma Industries penalized

KARACHI: Customs Adjudication has penalized M/s Sigma Industries (Pvt) Ltd for attempting to evade government revenue through mis-declaring description of imported goods. M/s. Sigma Industries (Pvt.) Limited filed a goods declaration (GD) for the imported consignment declared to contain Aluminum Sandwich Sheet Cutting Scrap weight 52320 Kg at a declared… Continue reading

Importers booked for evading government revenue

KARACHI: MCC Appraisement East has lodged an FIR against M/s M.I Traders and several others for gross evasion of government revenue through submitting fake and forged documents showing suppressed transaction value of the imported goods. According to details, M/s M.I Traders imported a consignment of Nutella hazelnut spread from Turkey… Continue reading

FBR suspends officials of MCC Port Qasim

KARACHI: The Federal Board of Revenue (FBR) has notified three-month suspension of a principal appraiser and three appraising officers of MCC Port Qasim for their alleged negligence regarding illegal clearance of toy consignments, which caused revenue loss to the national exchequer. Additional Collector Adjudication Dr. Sadia Sadaf has penalized certain… Continue reading