Pakistan Customs, Tax, Shipping & Business News Resource
Karachi: Recent changes in the Faceless Customs Assessment (FCA) have significantly impacted the processing of Goods Declarations (GDs). Following a backlog of 3500 pending GDs, the number of appraisers has…
KARACHI: The second meeting of the Board was held on Tuesday, October 8, 2024, at the Federal Board of Revenue (FBR) headquarters in Islamabad. The meeting, presided over by Chairman…
KARACHI: Customs Appellate Tribunal has upheld the Customs adjudication judgement in the case of M/s Pak Suzuki Motor ordering the company to pay the evaded government revenue and penalties thereof.…
KARACHI: Four identical constitution petitions filed by M/s Youngs (Pvt) Ltd importer of Cocoa Powder were dismissed by custom appellate bench of High Court of Sindh comprising Justice Muhammad Junaid…
KARACHI: Pakistan has completely abolished regulatory duties on the import of used cars of up to 1,800cc. It also cut duty rates for new cars, mobile phones and other range…
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,…
KARACHI: High Court of Sindh (SHC) will hear a petition on March 29, filed by Modern Plastic Industries and 30 other industrial units licensed in Karachi Export Processing Zone (KEPZ)…
KARACHI: The dozens of constitution petitions filed by pipe mills against denial of exemption under SRO 565 (i) of 2006 dated 05-06-2006 and pursuant show cause notices were allowed by…
ISLAMABAD: In pursuance of its reforms agenda for reforming the non-bank financial services, the Securities and Exchange Commission of Pakistan (SECP) has issued draft Self-Regulatory Organizations (Registration) Regulations, 2021 for…
Islamabad: The Securities and Exchange Commission of Pakistan’s (SECP) team lead by the Chairman SECP and Commissioner (SM) held a detailed meeting with the CEOs of Pakistan Stock Exchange, National…
KARACHI: The Directorate General of Transit Trade , Pakistan Customs has filed an appeal before Supreme Court of Pakistan assailing judgment of Custom Appellate bench of High Court of Sindh…
KARACHI: The federal government has set an ambitious target for FBR including custom duty, sales tax collection at rupees 1,000,500,000 for the fiscal year 2019-20 with a projected required growth…
KARACHI: Hearing more than a hundred petitions filed by the importers of foot wear, a customs appellate bench of High Court of Sindh headed by Justice Aqeel Ahmed Abbasi restrained…
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 overall revenue collection by Pakistan Customs in the fiscal year so far i.e. three months (July-September 2016) has surged by 1.5 percent to Rs246.165 billion as against Rs242.552…
KARACHI: Justice Muhammad Shafi Sidsdiqui of High Court of Sindh (SHC) on Thursday reserved order in two identical suits filed by Umar Spinning Mills and Sunrays Textile after a detailed…
KARACHI: A delegation of footwear importers including as well as representatives of M/s Bata and M/s Service met with Director of Customs Valuation Wasif Memon to press downward revision in…
KARACHI: The Directorate of Post Clearance Audit (PCA) Karachi has served Audit Observations on five importers who evaded government revenue through claiming inadmissible benefit of concessionary SROs on the import…
KARACHI: The sacking of 11 officers of Pakistan Army on corruption charges sent a clear and strong message to all power sharing quarters of the country that “Men in Uniform”…
KARACHI: The Sindh High Court has dismissed the application filed by M/s Popular Spinning Mills Pvt Ltd seeking injunctive relief regarding customs duty collection at the rate of 15 percent…