Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: A division bench of High Court of Sindh on Tuesday commenced hearing of dozens of constitutional petitions against imposition of Regulatory Duty (RD) on more than 400 items of…
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Omar Sial hearing more than a dozen identical petitions including one by Bays International…
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Omar Sial on Monday issued notices to the Chairman FBR, Deputy Attorney General, Collector…
ISLAMABAD: Federal Board of Revenue (FBR) has said that the purpose of recently-levied duties is to reduce the import bill, provide enabling atmosphere for competition to local manufacturers and further…
KARACHI: The Federal Board of Revenue (FBR) has imposed Regulatory Duty (RD) in the range of 5-80 percent on 731 importable items. SRO 1035(I)/2017 dated October 16, 2017 has suppressed…
ISLAMABAD: A full bench of Supreme Court of Pakistan, comprising Chief Justice Mian Saqib Nisar, Justice Umar Ata Bandial and Justice Faisal Arab partly allowed an appeal filed by Pakistan…
KARACHI: The government of Pakistan has revised incidence of Regulatory Duty (RD) on 441 importable items in the range of 5.0 percent to 35 percent. The rate of RD is…
KARACHI: MCC Appraisement East has detected an attempt of large-scale revenue avoidance, which M/s Fawwad Steel Corporation made through mis-declaring the classification of the imported goods. The company imported certain…
KARACHI: Government of Pakistan through Federal Budget 2016-17 has announced several relief measures for local industry along with various revenue measures and tariff rationalization. The relief measures include reduction of…
KARACHI: Resolving a controversy raised in a Special Customs Reference Application (SCRA) regarding the steel alloy, non alloy, an appellate of High Court of Sindh (SHC) comprising Justice Munib Akhtar…
KARACHI: In order to facilitate trade and secure government’s legitimate revenue, MCC Appraisement East has recommended certain changes in Customs Rules and several SROs in their proposals for the Federal…
KARACHI: Member Admin – FBR has accepted the appeal of Asad Aleem Principal Appraiser (BS-17) and set aside the minor penalty imposed on him by the authorized officer. The Board…
KARACHI: The meeting of the 13-members committee of Builders and Developers with Haroon Akhtar Khan, advisor to the Prime Minister and member policy Federal Board of Revenue (FBR) was held…
KARACHI: The Federal Government has withdrawn regulatory duty (RD) exemption available on the import of cotton yarn, iron and alloy steel, which would now be subject to statutory rate of…
KARACHI: The federal government has extended higher rates of regulatory duty on the import of iron and steel products for another year. The existing rate of regulatory duty on various…
KARACHI: The federal government has imposed regulatory duty on several products vide SRO 475(I)/2016. Accordingly, through amendment in SRO 668(I)/2014 regulatory duty of 25% is imposed on whey powder, milk…
KARACHI: The owners of All Textile Mills throughout the country have rejected the proposals of the Senate Standing Committee on National Food and Securities and Research to impose Regulatory Duty…
KARACHI: The Finance Bill 2016 proposes to rationalize the Customs tariff besides withdrawing exemptions aimed at eliminating discriminatory tax exemptions and concessions. Finance Bill proposes to reduce tariff slabs from…
KARACHI: Collector Abdul Basit Chaudry has imposed a penalty of Rs10,000 on shipping agent M/s M.M Marine Services Pvt Ltd for non-intimating non-arrival of vessel as per schedule within 24…
KARACHI: The Revenue Division has notified 15 percent increase in the regulatory duty imposed on import of furniture, iron and steel finished products along with 10 percent duty on aluminum…