The curious case of Non-Custom-Paid (NCP) vehicles

KARACHI: Non-Custom-Paid (NCP) vehicles are plying on roads in a large number because politicians, officers of government department and law enforcement agencies use these vehicles, while Excise and Taxation Department officers enable registration of these vehicles. These vehicles are usually smuggled from neighboring countries. On the complaint of Mukesh Chawla… Continue reading

KTBA requests solving adjustment of input tax

KARACHI: Karachi Tax Bar Association (KTBA) on Thursday requested the FBR to solve the issue of input tax adjustment. KTBA wrote a letter to Dr. Hamid Ateeq Sarwar Member IR–Policy, Federal Board of Revenue (FBR) referring to earlier letters nos. KTBA/2013/0583, KTBA/2014/184 dated November 27, 2013 and June 23, 2014… Continue reading

Cabinet approves Airblue’s license renewal for a year

KARACHI: The Federal Cabinet has approved renewal of Regular Public Transport (RPT) License of Airblue Limited with effect from November 20, 2018 to November 19, 2019.[the_ad id=”31605″]The meeting chaired by Prime Minister Imran Khan ratified the decisions taken by the Economic Coordination Committee (ECC) of the Cabinet in its meeting… Continue reading

FBR notifies procedure for disbursement of GD service charges

KARACHI: The Federal Board of Revenue (FBR) has notified procedure for disbursement of goods declaration (GD) charges, which were imposed in 2011 against processing of GD of imported consignments. A GD is filed for the clearance of every imported consignment and Customs charge Rs250/GD as the processing fee. The amount… Continue reading

Pakistan Customs WeBOC system under cyber attack

KARACHI: Pakistan Customs web based clearing system (WeBOC) is under DDOS cyber hacking attack, which has adversely affected clearing of import and export consignments. The Customs security system provided by Trans World is trying to defend the cyber attack due to which the WeBOC system is restarting again and again…. Continue reading

SHC allows petition by “Manufacturer”

KARACHI: A constitutional petition filed by Messers Ori-Tech, a private limited company seeking registration as a bona-fide “manufacturer” was allowed by a division bench of High Court of Sindh (SHC) comprising Justice Aqeel AhmedAbbasi and Justice Arshad Hussain Khan. The petitioner CEO of Ori Tech, Muhammad Ahmed moved the SHC… Continue reading

Prosecution in multi-billion Afghan Transit Scam hangs in balance

KARACHI: The decision vis-a-vis revenue recovery in the mega-scale Afghan Transit Trade (ATT) scam- wherein imported goods meant for transit to Afghanistan were pilfered in Pakistan – hangs in balance as important documents pertaining to the case have been misplaced by the Federal Board of Revenue (FBR). The Federal Tax… Continue reading

WeBOC malfunctions again; restricts importers, clearing agents access

KARACHI: The web based customs clearing system (WeBOC) on Tuesday has started malfunctioning again restricting access of importers and clearing agents suspending cargo clearance throughout the country. The system shutdown on Monday and it was restored on Tuesday morning, but in the mid-day, the system malfunctioned again. The importers and… Continue reading

EDI: customs team leave for China

KARACHI: A delegation of Pakistan Customs headed by Chief Collector Appraisement South Abdul Rasheed Shaikh has left for China where the memorandum of understanding (MoU) would be signed for the implementation of electronic Data Interchange (EDI). The delegation headed by Abdul Rasheed Shaikh includes Director Reforms & Automation Dr. Fareed… Continue reading

FBR is set to implement electronic data exchange (EDE) with China Customs

KARACHI: The Federal Board of Revenue (FBR) is all set to implement electronic data exchange (EDE) between Customs administration of China and Pakistan under Pak China Free Trade Agreement, which would facilitate trade and help combating commercial frauds. This bilateral initiative expected to go online in June 2016 is going… Continue reading