Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Federal Government has increased regulatory duty on the import of old and used cars with effect from December 01, 2015. SRO 1176(I)/2015 has notified the revised schedule of…
KARACHI: The federal government has raised Regulatory Duty on importable items, which already attract RD vide SRO 568(I)/2014. According to details, the table of SRO 568(I)/2014 is being revised and…
KARACHI: The Government of Pakistan has imposed regulatory duty ranging 5-10 percent on a number of imported goods. According to details through an amendment in SRO 568(I)/ 2014, government is…
KARACHI: The Federal Board of Revenue (FBR) has provisionally restored four officials, which were suspended for their suspected involvement in the wheat import scam. Overall, five officials including Principal Appraiser…
KARACHI: MCC Appraisement East has recovered around Rs1.56 billion, which was stuck in various bank securities and with the nazir of the court, which the authorities have cashed and received.…
KARACHI: Supreme Court of Pakistan has dismissed the ‘leave to appeal’ application of 121 importers seeking stay against the encashment of bank guarantees submitted by them against provisional release of…
KARACHI: Revenue of over a billion rupees is realized, as the Supreme Court of Pakistan has dismissed the ‘leave to appeal’ application of 121 importers seeking stay against the encashment…
KARACHI: The Model Customs Collectorate of Appraisement East has started encashing the bank guarantees submitted by the importers against provisional release of their consignments. A number of importers were contesting…
KARACHI: Collector Appraisement East Majid Yousfani has dispatch Deputy Collector Ali Waheed to Islamabad as he, before Supreme Court of Pakistan, would counter the petitions of importers for availing stay…
KARACHI:-An inordinate delay by Model Customs Collectorate, Lahore in filing an intra court appeal challenging the order of Lahore High Court (LHC) single bench that declared collection of Regulatory Duty…
KARACHI: The Sindh High Court has dismissed as many as 121 petitions filed by iron and steel importers challenging the regulatory duty on the import of several goods vide amendment…
KARACHI: Over a hundred iron/steel importers have approached Sindh High Court challenging the legality of SRO No. 18(I)/2015, which has imposed 5.0 percent regulatory duty on flat rolled products of…
KARACHI: The Federal Government has decided to impose regulatory duty on the import of several products in the range of 5.0 percent to 20 percent, while regulatory duty on import…
KARACHI: The Ministry of Finance has finalized several statutory regulatory orders (SROs), which would be notified shortly effecting drastic changes in concessionary imports regime and duty structure for various products.…
KARACHI: The Federal government has imposed regulatory duty on import of certain products of iron and steel in the range of 12.5 to 5 percent. According to a notification, regulatory…
KARACHI: The Federal Board of Revenue (FBR) has extended the suspension of MCC Port Qasim appraising staff, suspended in connection with the assessment and clearance of consignment of ‘wheat’ without…
KARACHI: The Federal Board of Revenue (FBR) has imposed regulatory duty (R&D) in the range of 5.0 percent to 15 percent on the import of iron and steel products along…