Ex CEO AMI admitted to bail in 13 FIRs
KARACHI: Justice Muhammad Iqbal Kalhoro of High Court of Sindh (SHC) on Monday admitted Arif Humayum, former Chief Executive Officer of AMI Pakistan to bail in thirteen identical FIRs against…
Contravention served on M/s Newage Cables
KARACHI: Directorate of Post Clearance Audit (PCA) Karachi has served Audit Observation on M/s Newage Cables Pvt Limited creating a demand of Rs14.679 million, an amount which was short-paid by…
PCA Karachi expedites revenue recovery
KARACHI: The Directorate of Post Clearance Audit (PCA) Karachi has detected a huge amount of duty and tax evasion and made a part recovery. During the audit of import clearances…
Sharjeel Jamal’s lawyer serves legal notice on Chief Collector Appraisement
KARACHI: Barrister Faroogh Naseem, the counsel of Sharjeel Jamal, has served a legal notice of Chief Collector Customs South Abdul Rasheed Shaikh to unblock their WeBOC user ID and refrain…
Inland Revenue initiates investigating into imports made against switch bills of lading
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.…
PCA serves contravention of M/s Pakistan Mobile Communication
KARACHI: Director Post Clearance Audit Karachi Gul Rehman has served Contravention on M/s Pakistan Mobile Communication Ltd to pay in the national exchequer an amount of Rs304.97 million, which was…
Customs adjudication penalizes M/s GMSA Industries
KARACHI: Collector of Customs Adjudication Chaudry Mohammad Javaid has penalized silicone bottle importer and the clearing agent for evading government’s legitimate revenue by mis-declaring the value of imported goods. Collector…
Sharejeel Jamal granted interim bail by SHC in two FIRs
KARACHI: Sharjeel Jamal, a local custom clearing agent was admitted to interim pre-arrest bail in two FIRs No. 18/2016 and No.19/2016 against a solvent surety of Rs0.2 million each here…
Court issues non-bail-able warrants of Sharjeel, Shahrukh; rejects plea of Arif Humayun
KARACHI: The Special Court of Customs has issued non-bail-able arrest warrants of Sharjeel Jamal and Shahrukh Jamal for being prime accused in the switch bill of lading case. Sharjeel Jamal…
FBR notifies abnormal transfers and postings in PCS
KARACHI: In a surprising move, the Federal board of Revenue (FBR) has notified transfers and postings of BS-20 and BS-19 officers of Pakistan Customs Service (PCS). Sources said that usually…
Sharjeel Jamal seeks acquittal
KARACHI: Sharjeel Jamal s/o Jamaluddin has approached Customs Court praying his acquittal as there was no possibility of his conviction in the case of importing fabric by mis-declaring the vital…
License of M/s AMI Pakistan is at stake; MCC Preventive holds hearing
KARACHI: MCC Preventive Karachi has served a Show Cause Notice on M/s AMI Pakistan (Pvt) Ltd to explain the incident wherein the company mis-declared the information regarding port of loading…
Tax officials raid National Medical Center; detects massive tax evasion
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…
More FIRs lodged against Marine Group’s AMI Pakistan
KARACHI: MCC Appraisement East has lodged 13 FIRs against M/s AMI Pakistan for importing goods, which are otherwise banned, through mis-declaration and manipulation in the documents. An official said that…
MCC Appraisement books several in four separate FIRs
KARACHI: MCC Appraisement West has lodged four more FIRs against several accused for importing grey fabric, lubricating oil and mis-declaring port of shipment as China instead of UAE with ulterior…
Collector Customs Adjudication put forward formula assessing power factor of imported generators, DG Khan Cement misleading gen power, evades taxes
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…
Post Clearance Audit playing important role in reducing revenue leakage
KARACHI: The Directorate of Post Clearance Audit has observed duty evasion/short payment of around Rs30 million and served Audit Observations on several importers/companies. These importers/companies include M/s Bin Qasim Packages…
Clearing agent not responsible for conduct of importer: Appellate Tribunal
KARACHI: The Customs Appellate Tribunal (Bench I) comprising Muhammad Nader Qureshi (member Judicial-I) and Muhammad Yahya (Member Technical) allowing eight identical appeals filed by importer and a clearing agent. The…
Chandna makes a desperate attempt to save his skin
KARACHI: There seems to be a desperate attempt made by Mohammad Ali Chandna led cartel to do some damage control. The gang has produced a letter of China-based supplier that…