KTBA seeks opening of system for submitting “Amnesty”
KARACHI: Karachi Tax Bar Association requested Chairman FBR to open the system for businessmen willing to file returns under Amnesty scheme in order to increase the number of filers. IT…
Delayed clearance of imported consignments irks importers and traders
KARACHI: The clearance of imported consignments particularly of scrap (all kinds) is subjected to a well planned designed technical delay causing huge loss to importers and taking toll on clearing…
Pakistan plans an across country crackdown on markets housing smuggled goods; separate operation against trade leaders
KARACHI: Government and Federal Board of Revenue (FBR) have devised a strategy to implement the taxation and budgetary measures to the letter, sources said assuring that there would be no…
All major markets in Karachi closed as traders observe shutter down strike
KARACHI: Traders in Karachi observed a token shutter-down strike on Saturday against excessive taxation and harsh regulatory conditions, as all the major markets remained closed. This coincides with the strikes…
Businessmen, traders rush to court as tax collectors raise demands
KARACHI: The appellate bench of High Court of Sindh hearing cases of income tax etc was seized with dozens of fresh petitions against tax departments particularly Sindh Revenue Board which…
WeBOC system shuts down
KARACHI: The web based customs clearing system (WeBOC) shut down on Tuesday noon throughout the country and has not been restored until the filing of this report. The WeBOC system…
PCA detects evasion of Rs35 million; Contraventions served on accused
KARACHI: Directorate of Post Clearance Audit (PCA) Karachi has served 12 Contravention Reports on several importers of shredded/grated cheese for evasion of leviable, sales tax and withholding income tax by…
Customs values of peanut butter determined
KARACHI: Directorate of Customs Valuation has determined the customs values of peanut butter vide Valuation Ruling No.1016/2017. The values of the peanut butter for reference were earlier determined vide Valuation…
DG Customs Valuation schedule meetings for determination of customs values of many goods
KARACHI: The Directorate General of Customs Valuation has scheduled meetings with importers, traders, industry representatives and other stakeholders almost everyday for the rest of month, as large-scale exercise is initiated…