Principal appraisers advised to submit ACRs
KARACHI: Federal Board of Revenue (FBR) has advised Chief Collector South that the annual confidential reports (ACRs) of four principal appraisers should be completed and furnished to the Board. Chief…
Importer booked for submitting fake certificate to circumvent IPO
KARACHI: Customs Intelligence (enforcement) Karachi has lodged an FIR against an important for violating provisions of Import Policy Order and submitting fake certificates to circumvent the provisions. A credible information…
Pakistan Customs notifies exemptions from the condition of electronic I-Form
KARACHI: Pakistan Customs has issued certain exemptions and relaxations from the filing of electronic Import Form (EIF). A senior officer told Customnews.pk that Goods Declarations (GDs) of personal baggage, Transshipment…
Imports via electronic I-Form only to be processed: Pakistan Customs
KARACHI: Pakistan Customs has made it clear that only the consignments imported through the electronic I-Form would be released and any consignments arriving the ports with the electronic I-Form would…
FBR exonerates PA Asad Aleem
KARACHI: Member Admin – FBR has accepted the appeal of Asad Aleem Principal Appraiser (BS-17) and set aside the minor penalty imposed on him by the authorized officer. The Board…
License of clearing agent M/s Basathia Impex suspended
KARACHI: Collector Appraisement West Dr. Fareed Iqbal Qureshi has suspended the license of M/s Basathia Impex and their user ID in the WeBOC system has also been blocked. According to…
Customs developing database values for around 3,000 importable goods
KARACHI: Directorate General of Customs Valuation has initiated an exercise to develop database values for about 2000-3000 different items which are not commensurate with international price trends, an official said.…
WeBOC module redesigned to streamline post clearance audit
KARACHI: Directorate of Reforms & Automation has prepared a modified module in the WeBOC system, which would automatically mark GDs to Post Clearance Audit (PCA) for audit on the basis…
FIR lodged against M/s Master Beverages & Food Limited in a multi-million fiscal fraud case
KARACHI: MCC Port Qasim has finally lodged an FIR against M/s Master Beverages & Food Limited initiating criminal proceedings against the company pertaining to fiscal fraud. MCC Port Qasim has…
Customs Adjudication slaps penalty on M/s M.M Marine Services
KARACHI: Collector Abdul Basit Chaudry has imposed a penalty of Rs10,000 on shipping agent M/s M.M Marine Services Pvt Ltd for non-intimating non-arrival of vessel as per schedule within 24…
WeBOC system stops responding once again
KARACHI: The repeated technical issues arising in the WeBOC system has been disturbing the trade and poses risk to the revenue collection system of the country. The system stop responding…
Indian cloth importer petition adjourned on request
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Chief Justice Sajjad Ali Shah and Justice Zulfiqar Ahmad Khan on Tuesday adjourned hearing of a constitution petition filed…
FBR takes measures for making paying taxes and duties more convenient
KARACHI: Through better and more extensive use of information technology, the Federal Board of Revenue (FBR) has introduced several measures to simplify procedures for paying taxes and to minimize contact…
WeBOC shuts down again
KARACHI: The Customs Computerized Clearing System (WeBOC) shut down throughout the country on Saturday stopping all the imports clearance. This is the second shutdown in 30 days. Sources said the…
SHC allows petitions, orders manual processing and release
KARACHI: A divisional bench of High Court of Sindh on Friday allowing a petition filed by Rising Sun Construction company ordered Custom officials to process the Goods Declaration manually as…
PCA Karachi detects mass under-invoicing, creates demand of Rs350 million
KARACHI: Directorate of Post Clearance Audit (PCA) Karachi has served contravention on a number of traders importing tyre and tube from India for evading government’s legitimate revenue to the tune…
SHC remands suit against Valuation Ruling for Kraft Liner Board
KARACHI: Justice Junaid Ghaffar of High Court of Sindh (SHC) on Monday disposed of a suit filed by Nishat Paper Products against Valuation Ruling 721/2015 remanding the controversy to the…
Customs to implement I-form mechanism to track import transactions
KARACHI: Pakistan Customs is preparing a module in the WeBOC system to enable mandatory uploading of import-form i.e. I-Form for recording of the transaction between the importer and exporter. A…
WeBOC being expeditiously implemented in the country
KARACHI: The web-based customs clearing system (WeBOC) has been implemented at NLC Container Terminal (NLCCT) and Al-Hamd International Container Terminal on February 26, 2014 while the WeBOC system would be…