Raw material import limit enhanced
KARACHI: Government of Pakistan has announced enhancement in limit for importing raw material by manufacturers without collection of income tax at the import stage. Presently, the quantitative limit for import…
Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Government of Pakistan has announced enhancement in limit for importing raw material by manufacturers without collection of income tax at the import stage. Presently, the quantitative limit for import…
KARACHI: Zubair Tufail, Pervez Tufail, Salam Tufails and four others of InterPlas were admitted to bail against a solvent surety of rupees 500,000 each by a division bench of High…
KARACHI: The directorate of Internal Audit-Customs has found several discrepancies in the affairs of MCC Port Qasim during the period 2015-16, which resulted in revenue loss of Rs3.806 billion during…
KARACHI: Directorate of Post Clearance Audit (PCA) Karachi has served 12 Contravention Reports on several importers of shredded/grated cheese for evasion of leviable, sales tax and withholding income tax by…
KARACHI: Special Customs Appellate Tribunal (SCAT) on Wednesday referred a customs appeal (K 84 of 2017) to Chairman of the tribunal for marking the same to a single judge bench…
KARACHI: Directorate of Post Clearance Audit Karachi has detected duty/tax evasion and short payment of Rs287.254 million in the month of January 2017 by various companies and traders. The Directorate…
KARACHI: An Income Tax Appellate bench of High Court of Sindh headed by Justice Aqeel Ahmed Abbasi deciding two identical Income Tax Reference Applications (ITRA 272 & 273 of 2011)…
KARACHI: The Directorate of Post Clearance Audit has made remarkable performance in the year 2016 and detected 22 cases involving revenue of Rs202.475 million. Post Clearance Audit headed by Director…
KARACHI: Model Customs Collectorate (MCC) Gwadar has exceeded Revenue Collection over the assigned Target by massive 67% for the first half (July-December) of Financial Year 2016-17. Total revenue collection target…
KARACHI: Collector Customs Adjudication Dr. Shazia Ikram has penalized M/s BBJ Pipes Industries and clearing agent M/s Chanar Associates for attempting to evade government revenue through claiming inadmissible benefit of…
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Khadhim Hussain M Shaikh restrained the Inland Revenue Authorities from recovering disputed amount…
KARACHI: A division bench of High Court of Sindh compirising Chief Justice Sajjad Ali Shah and Justice Zulfiqar Ahmed Khan allowed provisional release of Asaliya seed consignment after the petitioner/importer…
KARACHI: Karachi Tax Bar Association on Monday requested the Chairman FBR to extend the date for filing the tax returns, wealth statement and Income Tax statement as according to KTBA…
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Rasheed Ahmed Soomro disposed of a constitutional petition filed by Medora of London…
KARACHI: Franklin Law Associates, a newly formed law firm is all set to provide with total solutions in Constitutional, Customs, Sales Tax, Income Tax, Trade Marks, Civil/Company matters besides Criminal,…
KARACHI: The overall revenue collection by Pakistan Customs in the fiscal year so far i.e. three months (July-September 2016) has surged by 1.5 percent to Rs246.165 billion as against Rs242.552…
KARACHI: A bench of High Court of Sindh hearing matters including petitions, Special Customs Reference Applications (SCRA’s) or Special Tax Reference Applications (STRA’s) besides hearing cases has to take onus…
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Syed Saeed-uddin Nasir on Thursday adjourned hearing of a number of identical petitions filed…
KARACHI: The Appellate Tribunal Inland Revenue (ATIR) Karachi on Friday granted 30-day stay against the Federal Board of Revenue (FBR) who was struggling to recover an amount of Rs 8.3…
KARACHI: China State Construction Engineering Corporation has imported heavy machinery and equipment worth Rs3.019 billion in August so far after the government announced sales tax, income tax and customs duty…