MCC APPRAISEMENT EAST/WEST, PORT QASIM, AIR FREIGHT UNIT AND MCC-EXPORTS KARACHI & PORT QASIM. The Karachi Customs Agents Association has already informed the collectorates of Customs regarding the alarming situation that has been created due to shortage of staff for clearance of consignments at custom stations i.e. Model Customs Collectorate… Continue reading

Low valuation of imports hitting Tractors Parts industry hard

The Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has stressed the need for providing level-playing field to the tractors’ Auto parts manufacturers through restricting import of those parts which are being manufactured in the country, as under-invoicing and low valuation of imports have been hitting the industry hard…. Continue reading

SHC dismisses SCRA by Customs

KARACHI: A Special Custom Reference Application (SCRA) filed by Pakistan Customs impugning an order in appeal passed by Special Custom Appellate Tribunal (SCAT) was dismissed by a Custom Appellate bench of SHC. Rashid Arif advocate, appeared for applicant department before the bench comprising Justice Muhammad Junaid Ghaffar and Justice Agha… Continue reading

Customs Intelligence Karachi detects massive revenue evasion by Murtaza Enterprises

KARACHI: Customs Intelligence and Investigation Karachi has lodged an FIR against Muhammad Murtaza owner of M/s Murtaza Enterprises, Jama Cloth Karachi for causing a loss of Rs77.385 million to the national exchequer through using vague description of imported goods. Information was passed through Director Khalil Yousafani to Additional Director Sheeraz… Continue reading

SHC dismiss petition Narrate correct facts, SHC tells counsel

KARACHI: A customs appellate bench of High Court of Sindh on Monday asked a counsel to state correct facts. The bench was hearing a petition filed by one Yamin Ali challenging detention of a smuggled vehicle. During the course of arguments, the bench inquired about documents and found that Delivery… Continue reading

SHC remands SCRAs to Custom’s Tribunal

KARACHI: As many as 16 Special Custom Reference Applications (SCRA’s) were remanded to the Special Customs Appellate Tribunal (SCAT) by a Customs Appellate bench of High Court of Sindh here on Monday. The reference bear No’s 132-147 of 2014 and pertains to the holding of a consignment of CNG cylinders… Continue reading

Car prices can be reduced only through maximum localization

PAAPAM Members appreciate PM notice of higher car prices; want 10-year ‘Auto parts localization policy’. The Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has appreciated the PM’s taking notice of higher automobile prices in the country, which is mainly due to lower content of localized parts and government’s… Continue reading

PRGMEA, PHMA finalize presentation for PM to accelerate exports growth

The Pakistan’s two major value-added export-oriented bodies of the apparel sector have welcomed Prime Minister Imran Khan’s visit to Sialkot on Dec 9, saying the plan indicates that the government accords great importance to business community and making full efforts to boost economic growth in the country. PRGMEA Central Chairman… Continue reading

Government proposes reduction in rate of tax collection at import stage

KARACHI: A major incentive has been provided in the Federal Budget 2020-21 by prescribing reduced rates for certain imports. A major change has been introduced with respect to rate of tax to be collected at import stage. In the past, all imports were subject to a standard rate of 5.5%… Continue reading

SCAT allows appeals in Monosodium Gluatamate case

KARACHI: Deciding three identical appeals filed by Usama Enterprises, Marhaba Trading Corporation and  Universal Trading, Special Customs Appellate Tribunal headed by its chairman/member judicial II, Mr Sajid Abbasi, allowed the same on ground of jurisdiction and delayed action by the respondent customs authorities. The respondents include Collector Custom (Appeals), Additional… Continue reading

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