Tea smuggling in Azad Kashmir costs Pakistan billions in revenue
A recent investigation has revealed that a large amount of tea imported under the name of Azad Kashmir is being smuggled into other parts of Pakistan, causing a huge loss…
SHC dismisses identical petitions seeking provisional release Newly added proviso to Section 81 of Customs Act 1969 become nightmare for importers
Karachi: Provisional release of imported goods in cases of dispute over assessment on the basis of Valuation Ruling challenged by importers becomes impossible after recent judgment of Supreme Court of…
No interim relief or provisional release could be allowed if assessment made on Valuation Ruling under Section 25-A of the Customs Act holds SHC
KARACHI: Hearing four different petitions involving identical question of law, a custom appellate bench of High Court of Sindh held that no interim relief could be given to the petitioner…
SHC sets aside judgments by Custom Appellate Tribunal being “unreasoned”
KARACHI: A number of Special Customs Reference applications filed by the Directorate General of Valuation, Pakistan Customs were allowed and judgements rendered by Custom Appellate Tribunal, Karachi have been set…
Industrial importers of plastic daana under scrutiny for tax evasion
Karachi: The Customs Intelligence and Investigation (I&I) Karachi has revealed that some industrial importers of plastic daana (PCT 39.01 & 39.02) are misusing the tax benefits granted to them and…
SHC disposed off two petitions by Al-Baraka Steel
KARACHI: Two identical constitution petitions filed by Lahore based Al-Baraka Steel were disposed off by a custom appellate bench of High Court of Sindh comprising Justice Muhammad Junaid Ghaffar and…
Custom Appellate Tribunal orders beyond jurisdiction, causes loss to federal revenue
KARACHI: A number of orders/ judgments passed by Custom Appellate Tribunal (CAT), Karachi benches are beyond jurisdiction causing huge losses to the federal revenue, says lawyers practicing on Custom side.…
Custom Appellate Tribunal allows appeal filed by D.I.T
KARACHI: An appeal filed by Directorate General of Customs Intelligence & Investigations against Zain Enterprises and Collector of Customs (Appeals) was allowed by the Special Customs Appellate Tribunal, Karachi. Mazhar…
PCA South cracks-down on another cartel of Solar Panel Importers, Exposing Billions in Fraudulent Clearances
KARACHI: The Directorate of Post Clearance Audit (South), Karachi has uncovered another cartel of 12 fictitious importers embroiled in a web of illegal operations to facilitate the unauthorized clearance of…
Sindh High Court suspends faulty judgements of Customs Appellate Tribunal
KARACHI: The Sindh High Court has set aside several judgements issued by the Customs Appellate Tribunal that allowed importers to have their goods assessed at their declared value instead of…
Valuation Ruling dispute: Sindh High Court set asides orders passed by Customs Appellate Tribunal
KARACHI: The High Court of Sindh was hearing a case that involved a dispute over the valuation of imported goods. The case was filed by a group of importers who…
Customs Value of Mineral Coal Revised for Balochistan
KARACHI: The customs value of mineral coal, imported into Pakistan through the provinces of Khyber Pakhtunkhwa and Balochistan, has been revised by the Directorate of Customs Valuation, Quetta. The new…
MCC Appraisement East lodged FIRs against importers for illegally removing goods destined for bonded warehosue
KARACHI: In a significant development, the Model Customs Collectorate (MCC) Appraisement East has taken decisive action by filing two First Information Reports (FIRs) against multiple individuals involved in the illegal…
I&I Karachi affects recovery of Rs32.9 million
KARACHI: Customs Intelligence and Investigation Karachi has detected massive evasion of duty and taxes due to misdeclaration in a consignment of ProVitamin A E160A. Information was passed through Director Engineer…
FIR Lodged Against M/s Sami Traders for Smuggling Scheme Involving Misdeclaration and Pilferage
KARACHI: A First Information Report (FIR) has been registered against Muhammad Ahsan of M/s Sami Traders, along with several accomplices, following allegations of misdeclaring goods and submitting fake documents during…
I&I Karachi recovers Rs169 million worth of auto parts
KARACHI: I&I Karachi has recovered large quantity of smuggled spark plugs worth Rs169 million and lodged an FIR in this regard. Information was passe through Director I&I Karachi Engineer Habib…
FPCCI Committee Coordinator alleges irregularities at Karachi AFU
KARACHI: Sharjeel Jamal, the coordinator of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Standing Committee, has accused the officers and officials of the Air Freight Unit (AFU)…
Importers of used auto parts win relief from court against prohibitive penalty
KARACHI: The Sindh High Court has granted relief to the importers of used auto parts who challenged the imposition of a penalty equal to the value of the imported goods…
Importers of used auto parts challenge penalty imposed by Customs
KARACHI: The Islamabad High Court has ordered the used auto parts imported by the petitioners including M/s Ajmal & Brothers will be released on payment of the applicable import duties,…
I&I Karachi recovers large quantity of smuggled and hazardous betel nut
KARACHI: I&I Karachi has recovered a large quantity of smuggled betel nut from a warehouse in SITE Area Karachi. At the time of search of the Godown, 1050 bags of…