Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Under the guidance of Chief Collector Customs Appraisement South Wajid Ali, the team of Collectorate of Customs Appraisement (West), Karachi led by Dr Tahir Qureshi Collector West has made…
Pakistan’s problems are temporary and are being forcefully addressed. Pakistan’s foreign exchange reserves have fallen since February as foreign exchange inflows have been outpaced by outflows. The inflows mainly comprise…
KARACHI: Around 2000 contained loaded with banned luxury items are stuck up at port of Karachi choking these ports, Customs News learnt from market sources including importers. The goods awaiting…
KARACHI: Pakistan Customs has launched a crackdown against importers of iron & steel re-meltable scrap, iron & steel re-rollable scrap, iron & steel bundle scrap for wrongly availing the exemption…
KARACHI: Directorate of Post Clearance Audit (PCA) has recovered Rs20 million from two importers including M/s A.H Garments. On the directives of Director General Seema Raza, Director Khalil Yousafani and…
QUETTA: Despite limited resources, Baluchistan Customs led by Chief Collector Muhammad Sadiq has collected Rs100 billion during FY2021-22, which is a record. Collection of Rs100 billion in the outgoing fiscal…
KARACHI: MCC Appraisement West has lodged two separate FIRs against certain importers/agents for forging import document to circumvent the provisions of SRO 598(I)/2022. Through the SRO 598(I)/2022, the federal government…
KARACHI: A custom appellate bench of High Court of Sindh headed by Justice Junaid Ghaffar on Tuesday ordered Pakistan Customs to process all case of provisional release withing two days…
KARACHI: Taking a strict notice of non implementation of Section 81 of Customs Act 1969 which provides for provisional release of imported items if any dispute arises over Valuation or…
KARACHI: Pakistan Customs was restrained from encashing bank guarantee/security sumbitted by a dozen importers of fabric from China. The order came from a custom appellate bench of High Court of…
KARACHI: Hearing a constitutional petition filed by Mian Saeed & Sons, importers of Iron and Steel goods, the custom appellate bench of High Court of Sindh ordered authorities of Pakistan…
KARACHI: Import of tyres through Appraisement South under Afghan Transit Trade (ATT) surged to Rs32.2 billion during the first ten months of the current fiscal year (July 2021-April-2022). On the…
KARACHI: The Special Custom Appellate Tribunal (SCAT), allowing an appeal filed by Directorate of Intelligence & Investigations (DIT) ordered confiscation of goods which were released abusing facility of Green channel…
QUETTA: Another milestone was achieved by Pakistan Custom on Monday as first ever TP consignment from Iran via Taftan border reached Quetta Dry port. The event is a major headway…
KARACHI: The Ministry of Commerce has clarified that the restrictions under SRO 598(I)/2022 will not apply to imports, where Bill of Lading (B/L) or irrevocable Letter of Credit (L/C) was…
KARACHI: MCC Port Qasim has notified the procedure for clearance of Liquefied Natural Gas (LNG). It has been observed that for the consignments of Liquefied Natural Gas (LNG) in some…
KARACHI: The Federal Board of Revenue (FBR) has issued a new list of hundreds of items where importers must place original invoice and packing list inside the containers to be…
KARACHI: A constitutional petition filed by Xarasoft Pvt Ltd, Penta Chem Pvt Ltd, Al Chem Corporation and Khurram and Sons, Lahore was disposed of by a custom appellate bench of…
KARACHI: The release of consignment imported by Pioneer Steel, an importer company was ordered by a Custom Appellate bench of High Court of Sindh. Earlier Ghulam Nabi advocate appearing for…
KARACHI: The provisional assessment will attain finality if the department fails in final determination, holds an appellate bench of High Court of Sindh that comprised Justice Irfan Saadat Khan and…