FBR imposes Regulatory duty of 5% to 90% on 657 imported items
KARACHI: The Federal Board of Revenue (FBR) has imposed regulatory duty on 657 imported items, in the range of 5% to 90%effective from July 1, 2024 vide SRO 928(I)/2024. 90%…
FBR Announces Comprehensive Customs Duty Reforms in Finance Bill 2024
KARACHI: The Federal Board of Revenue (FBR) has unveiled a series of reforms concerning customs duties as outlined in the Finance Bill 2024. The FBR’s announcement highlighted several guiding principles…
Karachi Chamber, Greenwich University ink MoU to foster industry-academia linkages
KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) and Greenwich University signed a Memorandum of Understanding (MoU) to cooperate and actively facilitate each other in recognizing the possibilities and…
Pakistan Horticulture Development & Export Company
All Commerce Reports: PHDEC conducted a webinar on the topic of “Value-added Products of Citrus”. The purpose of the webinar was the intervention of PHDEC on the value addition of…
MCC Appraisement East creates recovery of evaded revenue against pharmaceutical companies
KARACHI: R&D of MCC Appraisement East has created recovery to the tune of millions of rupees against several pharmaceutical companies. The sum was evaded on import of excipient/chemicals by claiming…
SHC dismisses Revision Application by accused in illegal removal of goods from bonded ware house
KARACHI: Justice Adnan Iqbal of High Court of Sindh dismissed a Special Criminal Revision Application filed by Muhammad Idrees and six other partners of a Ware House and Importing firm…
SHC orders provisional release of Jumbo roll tissue paper detained over RD issue
KARACHI: A divisional bench of High Court of Sindh ordered provisional release of tissue paper in jumbo rolls imported by Health & Hygiene Products subject to securing of 24 per…
SHC re_endorse judgment about Regulatory Duty
KARACHI: More than 50 petitions challenging imposition of Regulatory Duty (RD) through Finance Act 2017 were disposed of by a customs Appellate bench of High Court of Sindh declaring the…
Yarn Importers reject RD on PFY, appeal to PM for review
Karachi: Khawar Noorani, Chairman Standing committee on imports, Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and former chairman Pakistan Yarn Merchants Association has rejected 2.5pc regulatory duty (RD)…
MCC Appraisement East lodges FIRs against several for tax/duty evasion
KARACHI: MCC Appraisement East has lodged three FIRs against several accused (a cartel) for evasion of duty/taxes by mis-declaring of description and quantity, twisting description in such a way to…
SHC adjourns Regulatory Duty cases till Oct 16 DAG asked to bring the format of approval by the Federal government
KARACHI: An appellate bench of High Court of Sindh (SHC) directed a federal law officer to place before the court the format, minutes of the Cabinet or Agenda for approving…
SHC orders release of 5 consignment of donated items in two days
KARACHI: A customs appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Zulfiqar Ahmed Khan on Wednesday allowing a petition filed by Sahara Welfare…
Input material for auto parts exempted from regulatory duty, RD reduced on other goods
KARACHI: The Revenue Division, Ministry of Finance has exempted imports of input materials used for manufacturing of auto parts by local vendors from the imposition of regulatory duty (RD), while…
Lawyers attack Customs staff, obstruct justice
KARACHI: R&D of MCC Appraisement East has submitted an incident report before the Court of Customs & Taxation, whereby it is informed that two persons dressed in lawyer’s uniform attacked…
SHC orders release of consignment, orders appearance of ADC, R&D, Pakistan Customs
KARACHI: Justice Fasail Kamal Alam of High Court of Sindh on Tuesday ordered Collectorate of Clearance, Pakistan Customs to release a consignment of pistons imported from China on payment of…
MCC Appraisement East reshuffle deputy/assistant collectors
KARACHI: MCC Appraisement East has notified transfers and postings of deputy/assistant collectors with immediate effect and until further orders. Deputy Collector Mohammad Ali Malik is moved from Headquarters; R&D; Group-…
Crackdown against betel nut smuggling continues
KARACHI: MCC Appraisement East has foiled an attempt wherein M/s Ajmair Impex, Lahore attempted to clear betel nuts in the garb of galvanized plain sheets. Earlier, Director Shahnaz Maqbool had…
Customs Appraisement West seizes 31112 mobiles, tablets worth Rupees 400 million
KARACHI: A raiding team of Collectorate of Customs, Appraisement, West on Saturday seized four containers from Al-Hamd International Container Terminal (AICT) and recovered 31112 mobile phones and tablets during a…
SCP defers hearing of RD petitions for next week
KARACHI: A bench of High Court of Sindh (SHC) comprising Justice Omar Ata Bindyal and Justice Afzal Ahmed deferred hearing of a Civil Petition for Leave to Appeal (CPLA) pertaining…
SHC orders release of dumper truck, RD cases adjourned till Nov 16
KARACHI : A customs appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Omar Sial ordered release of a dumper truck impounded by the Hyderabad…