Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Customs, Taxation and Anti-Smuggling Court in Karachi has issued arrest warrants for several people involved in smuggling and trading of betel nut and other goods. The court has…
KARACHI: Reliance Petrochem Industries has imported the first consignment from Saudi Arabia in Pakistani Rupees, which would pave the way for further imports in local currency thus relieving pressure from…
KARACHI: Federal Board of Revenue has issued a clarification regarding applicability of SRO 598(I)/ 2022,dated 19-5-2022. It said that in view of concern shown by industrialust and business community it…
KARACHI: Tando Muhammad Khan Police has recovered large quantity of chewing tobacco (Maim Puri) material from the official Toyota Hilux (Surf) of Customs Intelligence and Investigation Karachi (I&I Karachi). The…
KARACHI: The provisional release of consignments of Export Oriented Units including Younus Textile Mills, Liberty Textile Mills and others was ordered by a custom appellate bench of High Court of…
Karachi: Agha Steel Industries is going to sell 100,000 metric tons of low-carbon billets worth approximately Rs 10.5 billion per annum to Horizon Steel, a press release said on Monday.…
KARACHI: Federal Budget 2020-21 has proposed exemption of additional custom duties on those tariff lines which now attract zero customs duty in tariff along with reduction of custom duty on…
KARACHI: Pakistan Pharmaceutical Manufacturers’ Association (PPMA) has warned the federal government that any decision to discontinue import of raw material of medicines from India will weaken the country’s ability to…
KARACHI: The textile sector, which is getting export orders diverted from China, is facing shortage of raw materials as import consignments are stuck at Chinese ports and prices of locally…
KARACHI: Justice Fahim Ahmed Siddiqui of High Court of Sindh confirmed anticipatory bail granted to Muhammad Ibrahim, Director of Imperial Impex in a case FIR registered by Directorate of Intelligence…
KARACHI: The Ministry of Finance (Revenue Division) has notified that from July 01, 2019, the clearance of inputs (raw material, sub-components, components, sub-assemblies and assemblies) shall be allowed through any…
KARACHI: The Revenue Division, Ministry of Finance has exempted additional customs duty of 2.0 percent on certain goods levied earlier vide SRO No. 630(I)/2018. Additional Customs duty is exempted on…
KARACHI: Directorate of Customs Intelligence and Investigation Peshawar has unearthed evasion of duty and taxes to the tune of around a billion rupees. Director Peshawar Arsalan Subuctageen formed a special…
KARACHI: The Finance Bill (Amendment) 2018 has proposed reduced rate of customs duty on 34 tariff lines through the proposed Table-C in the Fifth Schedule. 0.3% to 0.6% percent withholding…
KARACHI: Pakistan Custom’s Anti-Smuggling Organization (ASO), upon a credible information regarding discreet mapping of SITE area Karachi, raided a godown where smuggled/contraband goods mainly betel nuts were dumped and godown…
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Muhammad Ali Mazhar and Justice Agha Faisal on Friday summoned Collector Exports, Pakistan Customs to appear on May…
KARACHI: MCC Appraisement East has booked M/s Insiya Packages and M/s Getco Agencies in three separate FIRs for fraudulent clearance of restricted imported goods including betel nuts and fireworks in…
KARACHI: Government of Pakistan has announced enhancement in limit for importing raw material by manufacturers without collection of income tax at the import stage. Presently, the quantitative limit for import…
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has reduced the customs values of tarpaulin cum PVC material inflatable toys and amended the Valuation Ruling No.992/2016 accordingly. M/s Toy Center…
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has revised the customs values of metallic yarn of Dubai origin at $4.05/kg and Japan origin at $7.0/kg and amended the Valuation…