Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Federal Tax Ombudsman (FTO) Asif Mehmood Jah noted the FBR failure to develop effective and robust mechanism to capture due amount of sales tax at the import stage resulting…
KARACHI: Directorate of Post Clearance Audit (PCA) has detected revenue evasion of Rs14 billion, as many importers did not pay or short-paid sales tax on retail price. Sales tax on…
KARACHI: Ten constitutional petitions filed by dozens of importers against post clearance audit objections and subsequent probable proceedings were disposed of by a customs appellate bench of High Court of…
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: The Federal Board of Revenue (FBR) should devise a policy regarding transfers and postings of officials and officers across the board to promote circulation of work and discourage corruption.…
KARACHI: Additional Collector Adjudication Shafique Ahmed Latki has penalized M/s Lords Impex for evading duty and taxes through under-invoicing. According to the details of the case, Directorate of Post Clearance…
KARACHI: The Federal Board of Revenue (FBR) has notified large-scale reshuffling in Pakistan Customs Service (PCS). The BS-18 officers transferred include Mohammd Saeed Watto posted as Deputy Director, Directorate of…
KARACHI: Directorate of Post Clearance Audit Karachi has detected duty/tax evasion and short payment of Rs427.232 million in the month of August 2016 by various companies and traders. The Directorate…
KARACHI: Federal Board of Revenue (FBR) has reconstituted the Allotment Committee for allotment of residential accommodation owned by FBR field formations. Chief collector Enforcement South will head the committee while…
KARACHI: The transfers and postings of BS-19 officers of Pakistan Customs Service (PCS) recently notified by Federal Board of Revenue (FBR) seem to have been done in haste and without…
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 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: Directorate of Post Clearance Audit Karachi has served audit observations on two importers of LED lights and solar panel importers advising them to submit a total of 62.29 million…
KARACHI: Directorate of Post Clearance Audit (PCA) Karachi has served an Audit Observation on M/s International Fancy Light Lahore for payment of Rs2.713 million which was evaded through claiming inapplicable…
KARACHI: The Directorate of Post Clearance Audit (PCA) Karachi has served audit observations on two different LED lights importers for short-paying duty and taxes through claiming concessions not applicable to…
KARACHI: The Directorate of Post Clearance Audit (PCA) has served Audit Observations on three companies including M/s PIA, M/s PTCL and M/s CM PAK suggesting to deposit a cumulative of…
KARACHI: The Directorate of Post Clearance Audit (PCA) Karachi has made 56 contravention reports and audit observations in the month of September 2015 involving revenue of Rs505.71 million. This revenue…
KARACHI: The Directorate of Post Clearance Audit (PCA) Karachi has served an Audit Observation on M/s Notus advising the company to deposit Rs12.126 million in the national exchequer as this…
KARACHI: Directorate of Post Clearance Audit (PCA) Karachi has served three Audit Observations to M/s Universal Enterprises and advised the company to deposit Rs3.18 million into the exchequer as it…
KARACHI: The Directorate of Post Clearance Audit (PCA) Customs has served an Audit Observation to M/s IBL Operations Pvt Limited pertaining to evasion of duty and taxes of Rs24.464 million…