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…
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…
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…
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…
SHC suspends six demand notices by Income Tax department
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Mrs Ashraf Jahan on Monday suspended six identical demand notices for recovery of…
Cable importer charged for mis-declaration
KARACHI: Collector Customs Adjudication Dr. Shazia Ikram has penalized M/s Atta Cables Pvt Ltd for evading government revenue by misdeclaring the description and classification of imported goods. The Directorate of…
Nestle Pakistan caught evading government taxes of Rs38.86 million
KARACHI: Directorate of Post Clearance Audit (PCA) Karachi has serve a contravention report on M/s Nestle Pakistan for mis-declaring classification of imported goods to evade incidence of taxation. Deputy Director…
Inefficiencies at peak at Gerrys D’nata shed at Karachi airport
KARACHI: The importers and clearing agents are facing severe hardships and even suffering losses due to inordinate delay in the clearance of imported goods from Gerrys D’nata shed at AFU…
PCA serves contravention on M/s Pakistan Telephone Cables for revenue evasion
KARACHI: Directorate of Post Clearance Audit (PCA) has served a contravention on M/s Pakistan Telephone Cables Ltd for evading government revenue of Rs13.397 million by mis-declaring the classification of imported…
Customs Appraisement South’s revenue collection surpasses $10 billion
KARACHI: The Customs Appraisement-South region working under the overall supervision of the Member Customs, Muhammad Zahid, has shown extraordinary growth in the collection of Customs Duty, Sales tax, withholding tax…
Nestle Pakistan found evading government revenue
KARACHI: Directorate of Customs Intelligence & Investigation (enforcement) Karachi has served a contravention report on M/s Nestle Pakistan Limited for evading government’s legitimate revenue through under-declaring the values of imported…
M/s Reliance Petroleum Industries found evading government revenue
KARACHI: Pakistan Customs has detected sizeable evasion of government’s legitimate revenue, which M/s Reliance Petroleum Industries Pvt Ltd evaded through under-declaring the values of imported goods. However, Customs authorities came…
Embarrassment for Customs as court points outs mistakes in para wise comments
KARACHI: Please read the first line of your comments, what you intend to say, asked a division bench of High Court of Sindh from a lawyer appearing for the Pakistan…
Customs seizes PTCL’s equipment
KARACHI: Directorate of Customs Intelligence & Investigation Rawalpindi has seized equipment imported by Pakistan Telecom Company (PTCL) as the company attempted to avail inadmissible benefit of FTA through mis-declaration. The…
Government convinced to eliminate under-invoicing, smuggling
KARACHI: The post clearance audit (PCA) has initiated recovery of revenue which was evaded through under-invoicing, which heralds a larger policy wherein government would ensure plugging of revenue leakage. Directorate…
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…
Prosecution in multi-billion Afghan Transit Scam hangs in balance
KARACHI: The decision vis-a-vis revenue recovery in the mega-scale Afghan Transit Trade (ATT) scam- wherein imported goods meant for transit to Afghanistan were pilfered in Pakistan – hangs in balance…
Customs Intelligence take note of surging mis-declaration at MCC Port Qasim
KARACHI: Directorate General of Customs Intelligence has served a contravention on M/s Shahbaz Traders for mis-declaring quantity and weight of imported goods to evade government revenue. Monitoring was kept on…
Contravention against M/s BBJ Pipes Industries withdrawn on political influence
KARACHI: R&D Appraisement East, on the directives issued from the office of Chief Collector South Abdul Rasheed Shaikh, has withdrawn the Contravention Report served on M/s BBJ Pipe Industries Ltd…
DG Customs Valuation restarts database values of imported goods
KARACHI: Director General of Customs Valuation has restarted the exercise of developing database values of importable goods after a short gap. Directorate General of Customs Valuation has initiated an exercise…