SHC confirms pre-arrest bail of Director Imperial Impex

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 and Investigations, Pakistan Customs under section 2 (37), 2 (9), 2 (14) (a), 3,6,78 (I) (a) & (d), Section 73… Continue reading

LTU may initiate litigation against leading cigarette co.

ISLAMABAD: Large Taxpayers Unit (LTU), Karachi is contemplating to initiate criminal proceedings against one of the leading cigarette manufacturers in customs court, due to massive tax evasion, sources say. The cigarette manufacturer, which paid Rs 25 billion tax in last fiscal year, has deposited only Rs 12 billion in current… Continue reading

SHC allows Colgate Palmolive to file amended title

KARACHI: An appellate bench of High Court of Sindh comprising Justice Munib Akhtar and Justice Arshad Hussain Khan allowed Colgate Palmolive Pakistan to file amended title in a petition filed by the company to make Collector Adjudication I, West a party in the case. The other respondent include Assistant Director,… Continue reading

Importers booked for fraudulently claiming inadmissible exemptions

KARACHI: The Directorate General of Customs Intelligence & Investigation has lodged two FIRs against certain importers and Customs officials, which in connivance with each other deprived national exchequer of its legitimate revenue through claiming inadmissible concessions. Director of Customs Intelligence (enforcement) Karachi Yaqoob Mako had information that certain elements were… Continue reading

Order reserved in review filed against judgment in Sales Tax case

KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed  Abbasi and Justice Muhammad Junaid Ghaffar on Monday reserved order in a review filed by an applicant/petitioner Muhammad Asim of renowned brand name Asim Jofa against a judgment by the same bench. Khalid Javed Khan advocate… Continue reading

Customs Tribunal disposes of case with direction to place matter before Classification Committee

KARACHI: The Customs Appellate Tribunal (Bench I) comprising Muhammad Yahya (Member Technical-I) disposed of the case of M/s A G Packages Company with the direction to place the matter before Classification Committee to determine the classification of the impugned imported goods. The tribunal hearing appeal by the importer held that… Continue reading

Customs Tribunal decides assessment of goods under GD in appellant favour

KARACHI: The Customs Appellate Tribunal, Karachi bench I comprising Muhammad Yahya, Member Technical (I) Karachi deciding an appeal filed by M/s Al-Mastan Garments Karachi declared the assessment of goods under Goods Declaration by Model Customs Collectorate Appraisement-West as trespassing the jurisdiction of Customs law and specific provisions of Income Tax… Continue reading

Customs Adjudication penalizes M/s Tata Mills Limited

KARACHI: Chaudry Mohammad Javed Collector of Customs Adjudication has ordered M/s Tata Textile Mills Limited to pay duty and taxes amounting to Rs 114.96 million as the company failed to meet the conditions of SRO 327(I)/2008. A penalty of Rs1.0 million is also imposed on the company. M/s Tata Mills… Continue reading

Customs authorities bound to allow provisional release of goods

KARACHI: In case of dispute over valuation of imported consignment, “it is mandated upon the authority (Custom authorities) defined under section 81 are bound to allow the clearance of the consignment under the provisions of section 81 of the Customs Act 1969 upon presentation of photocopy of the Review application”,… Continue reading

Customs tribunal vacates show cause notices against Philip Morris

KARACHI: The Customs Appellate Tribunal , Bench I headed by Muhammad Nadeem Qureshi vacated the show cause notices issued to the Philip Morris (Pakistan) Ltd while deciding three identical appeals challenging the show cause notices. The tribunal earlier heard Ijaz Ahmed advocate, counsel for appellant who maintained that customs Post… Continue reading