Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Collector Customs Adjudication Chaudry Mohammad Jawaid has penalized M/s Orient Electronics Pvt Ltd and M/s Rahmani Traders for misusing concessionary SROs to evade government’s legitimate revenue. According to details,…
KARACHI: The Customs Internal Audit has made four observations in respect of MCC Appraisement West and pointed out short-realization of Rs62.215 million. The Internal Audit has pointed out under valuation…
KARACHI: Collector Customs Adjudication Chaudry Mohammad Javaid has ordered M/s Fatima Fertilizer Company to deposit a sum of Rs15.131 million into the government treasury as the amount was evaded/short paid…
KARACHI: The Oil Companies Advisory Council (OCAC) demands restoration of import concessions available for oil & gas sector, which were withdrawn in the Finance Act 2014-15. “We intend to take…
KARACHI: Collector Adjudication Fareed Iqbal Qureshi has imposed penalty of Rs1.0 million each in two different orders on M/s Karachi International Container Terminal (KICT) for availing inadmissible benefit of concessionary…
KARACHI: Directorate of Post Clearance Audit has detected evasion of customs duty and other taxes by M/s Fatima Fertilizer Company Limited to the tune of Rs29.305 million on account of…
KARACHI: The Directorate of Post Clearance Audit (Customs) has detected revenue loss of Rs 3.5 million, which M/s Descon Engineering Limited Lahore evaded on account of availing inadmissible benefit of…