Sales tax exemptions on LNG, plant & machinery, computer parts’ import
KARACHI: The Finance Bill 2018 proposes to waive the value addition tax of 3.0 percent chargeable on import of LNG under Rule-58B of Sales Tax Special Procedure Rules, 2007. It…
SHIZA FOOD INDUSTRIES CASE SHC orders release of the food items
KARACHI: A customs appellate bench of High Court of Sindh (SHC) on Friday disposed of a petition filed by Shiza Food Industries allowing exemption on different kitchen items. The petitioner…
Encashment of guarantee: SHC issue notices for March 27
KARACHI: An appellate bench of High Court of Sindh issue notices to the Collector Customs, West for March 27 in a petition filed by Wellco International which imported a consignment…
Inland Revenue conducts inquiry into misuse of SRO 1125
KARACHI: Commissioner Regional Tax Office-III, Karachi has taken notice of misuse of SRO 1125(I)/2011 by fake importers and manufacturers. The investigation and prosecution branch of RTO-III is conducting investigation against…
FBR grants exemptions to China State Construction Engineering Corporation
KARACHI: The Federal Board of Revenue (FBR) has exempted from whole of the sales tax and federal excise duty on the imported construction materials and goods imported by M/s China…
SHC to hear petition against SRB on Feb 14
KAARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Mrs Ashraf Jahan on Wednesday declined a request for staying recovery of Sales Tax…
SHC allows petition, orders deposition of Sales Tax with Nazir SHC
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising JusticeAqeel Ahmed Abbasi and Justice Zulfiqar Ahmed Khan on Thursday allowing a petition challenging sales tax ordered the petitioner…
MCC Appraisement West detects misuse of SRO 1125(I)/2011
KARACHI: MCC Appraisement West has detected misuse of benefit of sales tax for import of styrene butadiene rubber under SRO 1125(I)/2011. Information was received through Collector MCC Appraisement West Shahnaz…
Petitions by LED importers to be heard on Dec 6 AEDB confirms LED’s not manufactured locally
KARACHI: LED lights are not being manufactured locally, confirms a letter by Alternate Energy Development Board (AEDB) submitted before a Customs Appellate bench of High Court of Sindh (SHC) here…
KCAA demands immediate incorporation of SRO 1070(I)/2017 in WeBOC system
KARACHI: President Karachi Customs Association (KCAA) Faisal Mushtaq has expressed his concerns as SRO 1070(I)/2017, which is an amendment to the SRO 1125(I)/2011, has not been incorporated in the weBOC…
MISDECLARATION OF PCT, EVASION OF MILLIONS IN CUSTOM DUTY DIT files SCRA in a Chief Autos case
KARACHI: The Directorate of Intelligence & Investigations, Pakistan Customs has filed a Special Customs Reference Application (SCRA) impugning a judgment by Member Judicial (II) of Special Customs Appellate Tribunal, Karachi,…
SHC reserves judgment in 3 pc ST on mobiles case
KARACHI: A Sales Tax appellate bench of High Court of Sindh comprising Justice Aqeel Ahmed Abbasi and Justice Aziz-ur-Rahman on Thursday reserved judgment in a petition challenging imposition of 3…
Additional directors at I&I Karachi reassigned
KARACHI: Directorate General of Intelligence & Investigation –FBR has re-distributed work amongst Additional Directors at Directorate of Customs Intelligence & Investigation, Karachi with immediate effect. Additional Director-I Muhammad Ahsan Khan…
All commercial imports of fabric subject to 6.0pc ST and 2.0pc VAT: FBR
KARACHI: The Federal Board of Revenue (FBR) has clarified that with effect from July 01, 2017, all commercial imports of fabric are subject to sales tax of 6.0 percent along…
Appraisement West seeks clarification regarding zero rated sales tax under SRO 1125
KARACHI: The MCC Appraisement West Karachi underlined the misuse of SRO 1125(1)/2011 has approached Federal Board of Revenue (FBR) seeking clarification/direction regarding extension of zero rated facility of Sales Tax…
Sales tax on electricity increased for steel industry
KARACHI: The Federal Board of Revenue (FBR) has enhanced the rate of sales tax to 10.5 percent from 9 percent on each unit of electricity consumed for the production of…
Federal Budget 2017-18 proposes several sales tax exemptions
KARACHI: Government of Pakistan through Federal Budget 2017-18 has reduced sales tax on fertilizers to replce subsidy. Due to complications in payment of subsidy to fertilizers manufacturers and importers, the…
President FPCCI, six other admitted to bail in alleged Export refund fraud case
KARACHI: Zubair Tufail, Pervez Tufail, Salam Tufails and four others of InterPlas were admitted to bail against a solvent surety of rupees 500,000 each by a division bench of High…
DG Khan Cement case: PCA restrained from action
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Arshad Hussain restrained the Post Clearance Audit, Pakistan Customs from taking any coercive action…
CNG equipment Sales Tax recovery case: Hearing deferred till March 22
KARACHI: The hearing of a constitutional petition filed by Hingorja CNG station was deferred till March 22 here Monday as the counsel for Pakistan Customs and Oil and Gas Regulatory…