Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Collectorate of Customs (Appraisement-East) has exposed a significant duty evasion scheme involving the misdeclaration of steel imports, the second such case in recent weeks. Authorities allege that three…
KARACHI: The Federal Board of Revenue (FBR) has ordered a detailed audit of the Faceless Assessment System, a pioneering digital customs clearance initiative introduced on December 15, 2024. The review,…
Karachi: The Collectorate of Customs (Appraisement-West) in Karachi has exposed a major case of misdeclaration and tax evasion involving two consignments of imported fabric. The scam, worth approximately Rs. 43.9…
LAHORE: The Collectorate of Customs Appraisement (West) in Lahore has registered a First Information Report (FIR) against multiple individuals and companies for alleged misdeclaration, fiscal fraud, and tampering with goods…
Karachi: The Collectorate of Customs (Appraisement-West) has unearthed a large-scale import fraud involving M/S Al Noor Feed Industry, resulting in a significant revenue loss of approximately Rs. 104 million to…
Karachi: The Office of the Chief Collector of Customs Appraisement (South) has issued a stern warning to importers, customs agents, and licensed bonded carriers regarding the correct declaration of goods…
KARACHI: In a significant development, it has come to light that importers have been exploiting the new Faceless System to book their consignments, taking advantage of the system’s teething period.…
QUETTA: Collectorate of Customs Enforcement in Quetta has uncovered a large-scale misdeclaration scheme involving the import of used LED/LCD monitors. The case, which has resulted in the seizure of goods…
Karachi: In a major enforcement action, Customs Appraisement West has lodged an FIR against M/s Farid Traders for alleged mis-declaration of imported goods aimed at evading government revenue. M/s Farid…
KARACHI: In accordance with the Directorate General of Reforms & Automation (Customs) at the FBR Headquarters in Islamabad, a “Super Audit Team” has been formed to conduct examinations and assessments…
QUETTA: M/s Sitara Chemical Industries has come under scrutiny for an alleged attempt to misdeclare goods for export. The company filed Goods Declaration (GD) No. QCME-SB-544 on July 31, 2024,…
KARACHI: MCC Port Qasim has lodged an FIR against M/s Turab Industries and M/s Unique Enterprises for misdeclaration of description, quantity and quality to evade the duties and taxes. M/s…
KARACHI: In a significant crackdown on import fraud, the Directorate of Intelligence & Investigation (I&I) Karachi has filed an FIR against businessman Arshad Khan, owner of M/s R.A Impex and…
KARACHI: The Collectorate of Customs Appraisement (SAPT) has seized a consignment of assorted stainless steel submersible motors worth Rs. 103.7 million for misdeclaration of description and capacity, resulting in evasion…
KARACHI: Customs Intelligence and Investigation Karachi has detected massive evasion of duty and taxes due to misdeclaration in a consignment of ProVitamin A E160A. Information was passed through Director Engineer…
KARACHI: A First Information Report (FIR) has been registered against Muhammad Ahsan of M/s Sami Traders, along with several accomplices, following allegations of misdeclaring goods and submitting fake documents during…
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf has advised the government to put the import of recycled plastic under any description in the negative list…
Karachi: Post Clearance Audit (PCA) South revealed that solar panel importers have engaged in a large-scale over-invoicing / trade-based money laundering operation. The PCA South conducted audit of solar panel…
Smugglers use a variety of tactics to avoid detection and transport their illicit goods across borders. Some of these tactics include: Concealment: Smugglers may hide their goods inside other items…
KARACHI: The Custom Appellate Tribunal Karachi comprising Abdul Jsbbar Qureshi (Member Judicial) and Abdul Basit Choudhry (Member Technical) dismissed an appeal filed by Lucky Cement Limited against an Order in…