Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The policies of Pakistan Customs have given results, which is evident from significant surge in the revenue collection at import stage. The overall revenue collection by Pakistan Customs in…
KARACHI: Continuing its drive against big fishes, the Federal Board of Revenue (FBR)’s wing, Directorate of Intelligence & Investigation-Inland Revenue (I&I-IR) Karachi has raided the big name of construction industry…
KARACHI: Directorate of Post Clearance Audit Karachi has detected duty/tax evasion and short payment of Rs340.934 in the month of March 2016 by various companies and traders. The Directorate LED…
KARACHI: The Federal Board of Revenue (FBR) has notified that all field offices of Customs and Inland Revenue will remain open and observe extended working hours i.e. 09:00 am to…
KARACHI: Directorate of Intelligence & Investigation (IRS) as part of a campaign to bracket high net-worth individuals into tax net and plug revenue leakage raided National Medical Center Karachi and…
KARACHI: The Federal Board of Revenue (FBR)’s wing, Directorate of Intelligence & Investigation-Inland Revenue (I&I-IR), speeding up the ongoing drive against high net worth individuals, conducted a raid on a…
KARACHI: The Federal Board of Revenue (FBR)’s wing, Directorate of Intelligence & Investigation-Inland Revenue (I&I-IR) in its ongoing actions against high net worth individuals has visited the business premises of…
KARACHI: The Directorate of Post Clearance Audit has made remarkable performance in the month of February 2016 and detected 43 cases involving revenue of Rs340.577 million. Post Clearance Audit headed…
KARACHI: The Income Tax Appellate Tribunal, Karachi has stopped work after the judgment by a single member bench of Islamabad High Court announced on Feb 24, 2016 declaring the appointment…
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Sadiq Hussain Bhtatti on Monday issued notices to the respondents including Customs Appellate Tribunal,…
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Sadiq Hussain Bhatti on Friday fixed Feb 26 to hear a Special Customs Reference…
KARACHI: Haroon Akhtar Minister of State on Finance has said the Voluntary Tax Compliance Scheme (VTCS) addresses all the concerns of the traders adding this was the right opportunity for…
KARACHI: Justice Muhammad Junaid Ghaffar of High Court of Sindh ordered framing of legal issues in a suit filed by Hill Park General Hospital pertaining to alleged income tax evasion…
KARACHI: The Directorate of Post Clearance Audit has made remarkable performance in the month of January 2016 and detected 48 cases involving revenue of Rs531 million. Post Clearance Audit headed…
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: Justice Muhammad Junaid Ghaffar of High Court of Sindh (SHC) on Monday adjourned hearing of a suit filed by Engro Elengy Limited against levy of Sales Tax, Income tax…
KARACHI: Collector Customs Adjudication on reply of DG Khan Cement Company that Company has imported a generator set of 1,102 kilovolt ampere (KVA) put forward a formula in order to…
KARACHI: A Customs Appellate Tribunal comprising Muhammad Nadeem Qureshi , Member (Judicial-I) and Muhammad Yahya, Member (Technical-I) Karachi allowing an appeal by clearing agent Kaka traders remitted personal fine and…
KARACHI: Collector Custom, Model Custom Collectorate, Port Muhammad Bin Qasim filed a Special Customs Reference Application (SCRA) here Tuesday, against a decision by Special Customs Appellate Tribunal, Bench III. The…
KARACHI: The Directorate of Post Clearance Audit (PCA) Karachi has served an Audit Observation on M/s Yousuf & Co, Karachi for claiming inadmissible benefit of concessionary regime. Audit of import…