SHC clarifies order in petition by Sara Industrial Chemical Co
KARACHI: Clarifying its order, a customs appellate bench of High Court of Sindh ordered the petitioner to only secure/ deposit of disputed amount of duty and taxes with the Nazir…
Customs Quetta seizes smuggled goods worth Rs30mn
QUETTA: Field Enforcement Unit of Customs Quetta has foiled attempts of smuggling large quantity of foreign origin goods to in-country and seized goods including Irani juices, almonds etc. The value…
Customs Enforcement Multan seizes smuggled goods worth Rs134mn
MULTAN: The Collectorate of Customs (Enforcement), Multan, on a tip-off, has seized a huge quantity of smuggled goods, i.e., cloth, cigarettes, crockery and edibles etc., as found stored/dumped in a…
IPR South ensuring public health & safety by controlling trade of counterfeit products
IPR South ensuring public health & safety by controlling trade of counterfeit products: Under the SRO 768(0/2014 dated 18.08.2014, the Directorate General of Intellectual Property Rights Enforcement is mandated to…
SHC dismisses about 94 petitions and Special Tax Reference Applications (STRAs)
KARACHI: A tax appellate bench of High Court of Sindh hearing 77 petitions and 17 Sindh Sales Tax Reference Applications filed by Zona Pakistan (Pvt.) Ltd, against Province of Sindh…
17% GST imposed on $3.7bn worth of plant & machinery imports
KARACHI: Through the mini-budget, the government has proposed implementation of 17% GST on 140 items which are essentially consumable and industrial goods. “Amongst plant and machinery imports, our back of…
Customs Quetta seizes smuggled goods worth Rs50 million
QUETTA: In line with the vision of PM Imran Khan and directives of Member Customs Tariq Huda, Customs Quetta has expedited the anti-smuggling campaign and recovered large quantity of smuggled…
SHC dismiss petition by vehicle owner, allows SCRA by Customs Diplomatic exemption-vehicle
KARACHI: Exemption from duty and taxes is a privilege enjoyed by the diplomats and dignItories and not available to private persons. This was the out-come of a litigation between owner…
Bituminous manufacturers granted due exemption after FTO intervention
KARACHI: M/s. Roofline (Pvt.) Limited being manufacturers of Bituminous for the past seven years had been facing difficulty in issuance of exemption certificate U/s 148 of Income Tax Ordinance 2001,…
Customs Quetta seizes smuggled goods worth Rs2.9 billion
QUETTA: Customs Quetta has seized smuggled goods worth Rs2.96 billion across Baluchistan in three months on the directives of Federal Board of Revenue (FBR). Customs is also seizing vehicles used…
SBP Imposes 100% Cash Margin Requirement on Import of additional 114 Items
The State Bank of Pakistan (SBP) has decided to impose 100% Cash Margin Requirements (CMR) on import of 114 items, taking the total number of items subject to Cash Margin…
SHC restrains Chief Collector Appraisement South, Coercive encashment of securities
KARACHI: The respondent officials of Pakistan Customs including Chief Collector, Appraisement South, Director General and Director (Valuation) were restrained by a customs appellate bench of High Court of Sindh from…
UN-ACCEPTABLE DELAY BEING OBSERVED IN CLEARANCE OF IMPORTS & EXPORT CONSIGNMENTS DUE TO ACUTE SHORTAGE OF STAFF AT ALL COLLECTORATES
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…
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…
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…
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…
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…
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…
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…
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…