Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Directorate of Internal Audit-Inland Revenue Karachi in Tamna Case Fake Company which existed only on paper without physical business operations) detected further massive fraud of Rs.2.5 Billion Rupees. The…
KARACHI: The Directorate of Internal Audit-Inland Revenue-FBR Karachi has identified mastermind and real beneficiary of tax fraud case of M/s Tamna Industries in which FIR was lodged last month. On…
KARACHI: Federal Board of Revenue (FBR) has notified transfers and postings of Principal Appraisers (PA) and Appraising Officers (AO) of Customs Department.PA Muhammad Ibrahim Khan is moved from Directorate of…
KARACHI: Pakistan LNG Limited and Pakistan LNG Terminals Limited, both operating under the governance of Ministry of Energy (Petroleum Division), have invited bids for internal audit services to audit the…
KARACHI: MCC Appraisement East has redistributed work among principal appraisers among the collectorate. Qamar Uddin Samejo on joining would look after external & internal audit, Securities, DTRE, FTO and Refund.…
KARACHI: The Customs Classification Committee has determined that Aluminum Composite Panels are correctly classifiable under PCT 7610.9000. MCC Islamabad forwarded the matter of classification of Aluminum Composite Panels (ACP) which…
KARACHI: The Directorate of Internal Audit points out that government revenue to the tune of billions of rupees was stuck-up due to the inefficiency of Directorate of Customs Intelligence &…
KARACHI: The Directorate of Internal Audit has advised MCC Quetta to make hectic efforts to realize huge amount outstanding towards Quetta Electric Supply Company (QESCO). Internal Audit in an Audit…
KARACHI: The Directorate of Internal Audit (Customs) Karachi has advised Customs Appraisement to justify the issue of non-disposing of large quantity of confiscated goods having huge amount of Reserve Price…
KARACHI: The Customs Internal Audit has made four observations in respect of MCC Appraisement West and pointed out short-realization of Rs62.215 million. The Internal Audit has pointed out under valuation…
KARACHI: The Directorate of Internal Audit (Customs) has detected short realization/revenue leakage to the tune of Rs881.018 million audit in respect of Bulk import, Manifest Clearance department, off Dock terminals,…
KARACHI: The Department Audit Committee (DAC) that met last week in respect of audit reports for the year 2010-2011 of MCC Appraisement West has settled several audit observations involving Rs200.346…
KARACHI: Chairman Federal Board of Revenue (FBR) Tariq Bajwa has appreciated Directorate General of Internal Audit for detecting non-realization of revenue to the tune of billions of rupees and part…
KARACHI: The Directorate of Internal Audit (Customs) has made an observation underlining non-realization of revenue to the tune of Rs220.485 million in respect of Group-IV of MCC Appraisement West. The…
KARACHI: Exports Collectorate Port Qasim has admitted the gold and jewelry import/export scam, which deprived national exchequer of over Rs80 billion, into the cause list and has initiated further proceedings…
KARACHI: The Departmental Audit Committee (DAC) would hold meetings to deliberate upon the Audit Report 2010-11 including special studies and performance audit report (expenditure) on April 08-09, 2015. The DAC…