Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: In consonance with the Federal government’s initiative to curb activities falling under grey spectrum like smuggling of goods and under-invoicing/mis-declaration in imports and Money Laundering, the Directorate of Intelligence…
KARACHI: The Customs Intelligence and Investigation (I&I) Karachi has lodged an FIR against a Karachi-based importer for committing fiscal fraud by electronically filing false and forged import documents and by…
KARACHI: Asim Ahmad, an Inland Revenue Service (IRS) officer, will be the Chairman Federal Board of Revenue (FBR) again. A summary in this regard has been forwarded to Prime Minister…
KARACHI: A Committee has been constituted comprising Director General I&I Abdul Rasheed Shaikh, Director General Customs Valuation Dr. Fareed Iqbal Qureshi, Chief Collector Appraisement Lahore Faiz Ahmed and Additional Collector…
KARACHI: In a letter to Collector Appraisement West, Director I&I Karachi Saqif Saeed invited attention of the collectorate towards gross under-invoicing of CRC and HRC, which is causing over a…
QUETTA: MCC Appraisement Quetta, MCC Preventive Quetta and Customs I&I Quetta have planned a well-coordinated and joint crackdown on under-invoicing of imported goods, which has been causing colossal loss to…
KARACHI: The Directorate of Post Clearance Audit (PCA) has forwarded around 40 more cases to Customs Intelligence and Investigation (I&I) of under-invoicing related money-laundering and fiscal fraud. PCA initiated scrutiny…
KARACHI: The Directorate of Post Clearance Audit (PCA) has initiated scrutiny and analysis of last five year data comprising FIRs lodged for under-invoicing, mis-declaration and over-invoicing, Order-in-Originals and Contravention Reports…
KARACHI: The Directorate of Customs Intelligence and Investigation Karachi detected large scale tax evasion by M/s. China Gezhouba Group Company Limited, and recovered the evaded sum. Information was received through…
KARACHI: MCC Appraisement East has lodged an FIR against M/s Zulfiqar Traders to misdeclaring the description, quantity and imports of banned items in the garb of new and used miscellaneous…
KARACHI: “Customs’ job is to eliminate under-invoicing and mis-declaration, so that revenue leakage can be avoided,” Member Customs (Operations) Owais Agha Jawwad said, and therefore, Pakistan Customs has implemented measures…
KARACHI: Customs Adjudication has imposed fine and penalty of Rs15.5 million on M/s Flying Cement Company Limited for attempting to evade government’s legitimate revenue through under-invoicing. According to details, M/s…
KARACHI: A customs appellate bench of High Court of Sindh comprising Justice Aqeel Ahmed Abbasi and Justice Mrs Ashraf Jahan on Wednesday dismissed an appeal filed by DIT, Pakistan Customs…
KARACHI: MCC Port Qasim is keeping strict vigilance over the mis-declaration and under-invoicing practice, which several importers indulge in to evade government’s legitimate revenue. Collector Port Qasim Saeed Akram has…
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed devised a plan to streamline values of importable values to check under-invoicing, which is not only causing revenue loss to the exchequer,…
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed devised a plan to streamline values of importable values to check under-invoicing, which is not only causing revenue loss to the exchequer,…
KARACHI: In order to achieve revenue collection and bridge the shortfall of Rs1750 billion in the remaining months of the fiscal year, Chairman Federal Board of Revenue (FBR) chaired a…
KARACHI: The post clearance audit (PCA) has initiated recovery of revenue which was evaded through under-invoicing, which heralds a larger policy wherein government would ensure plugging of revenue leakage. Directorate…
KARACHI: The Directorate General of Customs Valuation is developing database values and issuance of reference values of importable items have started yielding results. Director General Customs Valuation Syed Tanveer Ahmed…
KARACHI: The Directorate General of Customs Valuation is actively pursuing ‘Tanveer Plan’ and the development of database values and issuance of reference values of importable items have started yielding results.…
