Pakistan Customs, Shipping & Business News Resource
KARACHI: Collector Adjudication Feroz Junejo has penalized M/s CAUSIS Mass Transit (Pak) Private Limited for fraudulent mis-declaration of value of imported electric buses to evade legitimate government revenue. The importer…
KARACHI: Karachi Tax Bar Association (KTBA) has moved against notices issued by the Inland Revenue to Malls, Amusement Parks etc asking them to collect income tax on electricity bill. KTBA…
This appeal challenges the Judgment and Decree passed in Suit No. 1663 of 2009 where the core issue as to whether the colouring compounds commercially known as “Masterbatches” locally manufactured,…
ISLAMABAD: In line with the directives of Director General Faiz Ahmed, Customs Intelligence and Investigation Peshawar recovered large quantity of smuggled goods worth over Rs200 million. Information was passed through…
KARACHI: The Tax Ombudsman Asif Jah in pursuance of own motion cognizance has ordered FBR to trace out the record of remanded back cases prior to the year 2019 and…
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…
KARACHI: MCC Appraisement East has detected massive evasion of taxes on import of excipient/chemicals by claiming inadmissible exemption of 8th Schedule of Sales Tax Act, 1990. An official said that…
KARACHI: A custom bench of High court of Sindh allowed dozens of petitions filed by Shirazi Traders and other importers against Show Cause Notices (SCNs) issued by officers of Collectorate…
KARACHI: Collector Appraisement East Aamir Theim has assigned Additional Collector R&D Imran Sajjad Bukhari to approach China Customs authorities to obtain the details including value and supplied of electric buses…
KARACHI: Federal Tax Ombudsman (FTO) Asif Jah has detected fraud worth of 6 Billion Rupees committed by Millat Tractors (Manufacturers of Messes Ferguson Tractor Brand in Pakistan). They have caused…
KARACHI: A division bench of High Court of Sindh comprising Justice Aqeel Ahmed Abbasi and Justice Mrs Kausar Sultana Hussain ordered provisional release of plant and machinery imported by Dandot…
KARACHI: An appellate bench of High Court of Sindh seized with the hearing of custom, sales tax and income tax matter is discouraging the un-necessary litigation’s. The bench in a…
KARACHI: While investigating a complaint, FTO has unearthed a mega scam of billions in the form of fake sales tax supplies in cement sector. Accordingly Tax Ombudsman has directed FBR…
KARACHI: Post clearance Audit (PCA) of customs, in pursuance of FTO’s directives has further recovered 11.85 million less paid sales tax during the month of June, 2022. Precisely, it was…
KARACHI: Pakistan Customs has launched a crackdown against importers of iron & steel re-meltable scrap, iron & steel re-rollable scrap, iron & steel bundle scrap for wrongly availing the exemption…
HUB: An appellate bench of High Court of Balochistan (BHC) allowed a Special Tax Reference Application (STRA) filed by M/s Usman Ltd, Hub, Balochistan impunging and order passed by Appellate…
KARACHI: An appellate bench of High Court of Sindh (SHC) ordered restoration of Sales Tax Registration of Shan Associates in line with judgment passed earlier in a petition CP-D 8101…
KARACHI: Twenty four Complaints were filed against FBR Islamabad and Pak Suzuki Motor Company Limited, in terms of Section 10(1) of the Federal Tax Ombudsman Ordinance, 2000 (FTO Ordinance) for…
KARACHI: The Tax Appellate bench of High Court of Sindh comprising Justice Muhammad Shafi Siddiqui and Justice Mahmood A. Khan allowing an appeal ordered release of profit accumulated on amount…
Lahore: In order to create a favourable business environment, Punjab Revenue Authority decided to provide reduction in sales tax being charged on commissions for home based chefs. The rebate reduced…
