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)…
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…
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…
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…
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…
R&D Appraisement West detects massive revenue leakage
KARACHI: The R&D MCC Appraisement West has detected massive revenue leakage due to wrong classification of copper rods. Deputy Collector Ghulam Nabi Kamboh received information that some importers are importing…
FBR takes measures for making paying taxes and duties more convenient
KARACHI: Through better and more extensive use of information technology, the Federal Board of Revenue (FBR) has introduced several measures to simplify procedures for paying taxes and to minimize contact…
WeBOC shuts down; 70 percent import/export clearance suspended
KARACHI: The Customs Computerized Clearing System (WeBOC) shut down throughout the country on Saturday stopping all the imports clearance. Sources said the incident primarily occurred as the storage hard discs…
FBR stays all sales tax registration under manufacturer category
KARACHI: The Federal Board of Revenue (FBR) has stopped sales tax registration as manufacturers after it was found that certain elements not qualifying as manufacturers had got them registered as…
Taxpayers unable to e-file withholding tax statements
KARACHI: FBR’s IT wing, Pakistan Revenue Automation Limited (PRAL) has not been able to fix the bugs in the system due to which a large number of taxpayers are unable…
Customs values of MDF Board determined under new Valuation Ruling
KARACHI: The Director of Valuation determined the value of MDF (Maximum Density Fiber) Board and its value added products, Pakistan Customs in Valuation Ruling No. 815/2016 dated January 29, 2016.…
Customs values of glycerine under section 25-A of Customs Act 1969 determined
KARACHI: The Directorate General Customs Valuation has revised the Customs values of glycerine vide Valuation Ruling No. 798/2016 on January 21, 2016. Background of the valuation issue is that Customs…
MCC Peshawar sells confiscated sugar at lowest rate to USC, quake victims to benefit
KARACHI:- The Model Customs Collectorate, Peshawar sold 13450 bags of sugar belonging to Choudhry Sugar Mills confiscated by the MCC in a tax rebate fraud case. The sugar mill was…
Pakistan Customs implementing IATA Cargo XML and API standards
KARACHI: Pakistan Customs has signed a Memorandum of Understanding with International Air Transport Association (IATA) for the development of Cargo XML and Advance Passenger Information Systems. The ceremony was held…
WeBOC unlikely to achieve development targets
KARACHI: The Pakistan’s automated system for Customs, WeBOC may not achieve its development and up gradation targets as the entire WeBOC team has resigned from PRAL in the last 10…
PTBA demands immediate stop of PRAL network for tax system
KARACHI: Tax fraternity has advised the Federal Board of Revenue (FBR) to stop working of automated tax system – developed by Pakistan Revenue Automation (Pvt) Limited (PRAL) – forthwith as…
FBR directs officials to collect sales tax from retailers in systematic manner
KARACHI: The Federal Board of Revenue (FBR) has directed its concerned officials to collect sales tax from retailers in a systematic manner, Sales Tax General Order said on Thursday. As…
FBR web portal denying provincial tax input adjustment
KARACHI: The taxpayers are facing serious problems in getting adjustment of input tax related to sales tax paid on provincial services as web portal of the Federal Board of Revenue…
FBR Quarterly Review recommends post clearance audit where taxes/duties have escaped.
KARACHI: The Federal Board of Revenue (FBR) in its quarterly review has noted that loss of revenue could be quantified into undue exemptions of income tax, misuse of reduced WHT…
EXCLUSIVE: Free STRN recommended for WeBOC user identity where taxpayer not liable to get registration
KARACHI: Model Customs Collectorate of PaCCS, Karachi has proposed the Federal Board of Revenue (FBR) to create a free Sales Tax Registration Number (STRN) for the issuance of WeBOC user…