Mastermind of bogus ST refund scam sent to jail
KARACHI: The Federal Special Court of Customs Taxation and Anti-Smuggling has sent a prime suspect of multi-million bogus refund scam Faraz Haroon Memon to jail who was arrested by the…
Misuse of concessionary SRO, Customs Adjudication penalizes cotton importer
KARACHI: Additional Collector Customs Adjudication Syed Mahmood Hassan has imposed a penalty of Rs300,000 on M/s Lahore for availing the inadmissible benefit of concessionary SROs. The company has also been…
Non-updating of WeBOC system results in revenue loss
KARACHI: The leniency on part of Secretary Sales Tax FBR has resulted in a loss of millions of rupees to the national exchequer as sales tax exemption continued to be…
Internal Audit questions non-realization of Rs220.485 million by Group-IV Appraisement West
KARACHI: The Directorate of Internal Audit (Customs) has made an observation underlining non-realization of revenue to the tune of Rs220.485 million in respect of Group-IV of MCC Appraisement West. The…
I&I-IR arrests prime accused of multi-billion rupees scam
KARACHI: The Intelligence & Investigation of Inland Revenue has Monday arrested one Abdul Ghani Khanani who was wanted in an FIR lodged against M/s Asian Textiles. The I&I-IR team led…