Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: A sudden change in Green Channel parameters by the Customs Department has left thousands of import containers stranded, forcing importers to face serious financial losses while shipping companies and…
KARACHI: The Customs Appellate Tribunal, responsible for adjudicating customs-related disputes, has come under intense scrutiny due to alleged irregularities in its judgments. These irregularities, according to sources, favor importers at…
KARACHI: The Customs department has taken its case to the Supreme Court of Pakistan, challenging the judgment of the Sindh High Court regarding the release of imported consignments of steel…
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: 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…
KARACHI: Notices were issued to Balochistan Engineering for Feb 15 by Customs Appellate bench of High Court of Sindh on Monday in a case pertaining to a consignment, which reportedly…
KARACHI: A dispute over classification of imported steel was referred to the Classification Committee of steel by a custom appellate bench of High Court of Sindh. Niamatullah Steel Works Private…
KARACHI: Annoyed by the indifferent and lethargic attitude of the officers of Pakistan Customs, a customs appellate bench of High Court of Sindh warned that court can order that orders…
Karachi (PR) Iranian Consul General Reza Nazeri on Friday stressed the need for strengthening trade ties between two neighboring countries, saying Iran is ready for barter trade and it will…
KARACHI: MCC Exports PMBQ has lodged an FIR against known accused for attempting to remove imported goods out of Export Promotion Zone (EPZ) in the way of theft. Customs Preventive…
KARACHI: The High Court of Sindh has barred Directorate of Customs Intelligence and Investigation Karachi from arresting the accused nominated in the FIRs lodged by the directorate regarding smuggling of…
KARACHI: Muhammad Hassan Bakshi, Chairman Association of Builders and Developers of Pakistan (ABAD), has urged the government to take stern action against cartelization of cement and steel manufacturers, who are…
KARACHI: As per the tax measures proposed in Finance Bill 2019, long steel manufacturers would be taxed equivalent to FED of 17% in sales tax mode instead of special arrangement…
KARACHI: International steels limited (ISL) has increased prices of CRC, HDGC and Color coated sheets by Rs3,000/ton effective from 19 June 2019 in order to pass on impact of recent…
SINGAPORE: Tata Steel has expressed disappointment on the decision of European Commission prohibiting the proposed European steel joint venture between Tata Steel Limited and thyssenkrupp AG. “Both companies, in statements…
NEW DELHI: Guided by its production ramp up plan and supported by the healthy demand for steel in market, Jindal Steel and Power Limited (JSPL) has re-started its 1.8MTPA Direct…
KARACHI: The Customs Appellate Tribunal (Bench I) comprising Muhammad Yahya (Member Technical) declared the impugned imported coils as Prime Quality and admitted the FTA benefits in an appeal filed by…