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 RD imposition with retrospective effect as void, ab_initio. The bench heard petitions filed by Dewan Motors and 52 other companies…. Continue reading

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) on polyester filament yarn, which is the basic raw material of the textile industry and appealed to Prime Minister Imran… Continue reading

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 avoid application of Valuation Ruling. Information was received through Collector MCC Appraisement East Nadeem Memon in R&D Section that accused… Continue reading

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 imposition of tax, duty or other levies. The bench was hearing identical petitions filed by Noor Enterprise and Hikmat Traders… Continue reading

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 Trust ordered Deputy Collector R&D, Model Customs Collectorate (MCC), East to release five consignments within two days time. The court… Continue reading

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 regulatory duty on several importable items has been reduced by 5-10 percent. The Revenue Division notified SRO No. 190(I)/2019, according… Continue reading

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 the Customs staff, obstructed arrest of accused nominated in FIR and snatched mobile phone of an accused outside the court…. Continue reading

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 differential amount of rupees 490,000. The bench earlier heard a suit filed by an importer who challenged the detention of… Continue reading

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- V; External Audit; CPF; MIS-II to Headquarters; R&D; Group-V; External Audit ; CPF. Deputy Collector Qasim Khokhar is moved from… Continue reading

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 seized three containers of M/s Ajmair Impex, which were declared as plain sheets and were found to be betel nuts…. Continue reading