2nd Phase of China-Pakistan FTA begins
KARACHI: Ministry of Commerce has initiated sectoral public consultation campaign as the proposal for 2nd phase of China-Pakistan Free Trade Agreement (CPFTA) is being formulated, which government wants to be…
Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Ministry of Commerce has initiated sectoral public consultation campaign as the proposal for 2nd phase of China-Pakistan Free Trade Agreement (CPFTA) is being formulated, which government wants to be…
KARACHI: Once again, Customs Intelligence & Investigation has come under allegations of embezzling with the seized/confiscated smuggled goods. Headquarters Chiltan Rifles has expressed concerns over the quantity of diesel reported…
KARACHI: Acting upon credible information that huge quantity of foreign origin Charas is being smuggled through a Toyota Corolla Car, the staff of Directorate of Intelligence & Investigation, Quetta signaled…
KARACHI: The overall revenue collection by Pakistan Customs South in the fiscal year so far i.e. four months (July-October 2017-18) stood at Rs367 billion, up 18 percent as against Rs310…
KARACHI: A number of tiles importers have stopped clearance of their consignments imported from China because of the confusion developed as WeBOC system refused to accept SRO 497(I)/2009 against the…
KARACHI: A division bench of High Court of Sindh (SHC) fixed Feb 14 as next of hearing in a petition filed by Data Steel Pipe Industries Limited seeking de-blocking of…
KARACHI: In view of declining revenue collection viz-a-viz abnormaly declining trend in the imports of certain goods, Pakistan Customs has initiated an exercise to analyze the trend and identify the…
KARACHI: Pakistan Customs has issued certain exemptions and relaxations from the filing of electronic Import Form (EIF). A senior officer told Customnews.pk that Goods Declarations (GDs) of personal baggage, Transshipment…
KARACHI: Pakistan Customs has made it clear that only the consignments imported through the electronic I-Form would be released and any consignments arriving the ports with the electronic I-Form would…
KARACHI: R&D Section of MCC Appraisement East has made exemplary performance and detected revenue leakage and recovery thereof to Collector Ashad Jawwad. The R&D Section MCC Appraisement East led by…
KARACHI: The government of Pakistan has notified customs duty exemption and concessions on raw materials used for a number of products. SRO 474(I)/2016 has amended the table of earlier SRO…
KARACHI: The sacking of 11 officers of Pakistan Army on corruption charges sent a clear and strong message to all power sharing quarters of the country that “Men in Uniform”…
KARACHI: The Directorate of Intelligence & Investigation (IRS) has confirmed that imports made against switch bills of lading were by the bogus companies, who also claimed adjusted inadmissible input tax.…
KARACHI: The overall revenue collection by Pakistan Customs in the fiscal year so far i.e. eight months (July-February 2016) has surged by 12.5 percent to Rs677 billion as against Rs602…
KARACHI: The overall revenue collection by Pakistan Customs in the fiscal year so far i.e. seven months (July-January 2016) has surged by 10.9 percent to Rs589.078 billion as against Rs531.05…
Karachi: A division bench of High Court of Sindh (SHC) comprising Chief Justice Faisal Arab and Justice Muhammad Iqbal Kalhoro on Thursday put of hearing of 30 identical petitions pertaining…
KARACHI: The targets set for customs duty and other levies are not ‘chasable’ due to unwarranted ‘blanket tax exemptions’ to particular sectors, senior custom and Federal Board of Revenue officers…
KARACHI:- Additional Collector, Customs, Hyderabad was ordered to release 68 vehicles by Oct 19 completing all formalities. The bench comprising Justice Muneeb Akhtar and Justice Aftab Ahmed Gorar earlier heard…