SHC summons KPT deferring compromise decree against Customs
KARACHI:-Justice Muhammad Ali Mazhar of High Court of Sindh (SHC) Tuesday deferred order in a compromise decree seeking appearance and NOC from KPT having a claim over confiscated goods, which were...
View ArticleCustoms South to miss sales tax collection target by Rs15 billion
KARACHI: Pakistan Customs South Region is likely to suffer a sales tax collection shortfall, which is likely to miss the target by around Rs15 billion for the month of September alone. The nosedive in...
View ArticleAccused involved in importing explosives arrested
KARACHI: The Customs Intelligence & Investigation Peshawar has arrested one Sajid Qayyum in the case of importing explosive material (fire crackers). Sajid Qayyum was the middleman and had provided...
View ArticlePilferage of TP consignments; prime accused gets protective bail
KARACHI: The prime accused of the pilferage of transshipment (TP) consignments namely Imran Khan has secured protective bail from the Sindh High Court. However, the Court has directed the accused to...
View ArticleAnti-smuggling organization foil bid to smuggle Hashish
KARACHI: MCC Preventive Anti-smuggling Squad in an operation arrested two persons and recovered significant quantity of Hashis worth millions of rupees. Acting on information, a team of Anti-smuggling...
View ArticleSHC restrains PQA from using Tugs until payment of Custom, duties
KARACHI:-Port Qasim Authority (PQA), plaintiff in a suit against Federal Board of Revenue and Pakistan Customs was restrained by a division bench of High Court of Sindh on Wednesday from using four...
View ArticleValuation Ruling 316/2011 for graphite crucibles rescinded
KARACHI: The Director Customs Valuation Manzoor Memon has rescinded the Valuation Ruling No. 316/2011 and advised the Customs clearance collectorates to assess graphite crucibles under section 25 of...
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MCC Gwadar comes hard on smuggling
KARACHI: Model Customs Collectorate (MCC) Gwadar has been making all out efforts to uproot smuggling of non-duty paid and contraband items. Collector Gwadar Saeed Akram has formed several...
View ArticleCommittees formed to finalize licensing process for tracking companies
KARACHI: The Licensing Committee (Tracking Projects) has formed three sub-committees for assistance in finalization of recommendation regarding new licenses. Technical Proposal Scrutiny Committee...
View ArticlePCA Karachi creates demand of Rs388.786 million against M/s SNGPL
KARACHI: The Directorate of Post Clearance Audit (PCA) Karachi has served an audit observation on M/s Sui Northern Gas Pipelines Limited (SNGPL) advising the gas utility company to deposit Rs388.786...
View ArticleCustoms Appraisers are not interested in promotion to the post of Principal...
KARACHI: None of the Appraisers are interested in the promotion to the post of Principal Appraiser (PA) as not a single ACR was submitted in response to the FBR’s letter, which requested submission of...
View ArticleSHC adjourns suit by Engro Elengy Karachi against FBR, Customs
KARACHI: The commercial sale of Liquefied Natural Gas was expected to be delayed as a result of litigation between the importer Engro Elengy Terminal Limited (EETL) and Pakistan Customs over Customs...
View ArticleSales tax raised on furnace oil, diesel
KARACHI: The government has raised rate of sales tax on furnace oil in a bid to increase its revenue collection, which had a hit due to declining global oil prices vis-à-vis petroleum prices in the...
View ArticleLower commodity prices affect revenue collection
KARACHI: The Customs duty collection by Pakistan Customs surged by 0.5 percent to Rs61.413 billion in the quarter (Jul-sep 2015) as compared with the collection of Rs61.051 billion in same period last...
View ArticlePCA makes 56 cases in September alone involving revenue of Rs505.71 million
KARACHI: The Directorate of Post Clearance Audit (PCA) Karachi has made 56 contravention reports and audit observations in the month of September 2015 involving revenue of Rs505.71 million. This...
View ArticleSHC directs DG Custom Evaluation to decide Pana-flex duty ruling in 15 days
KARACHI : A division bench of Sindh High Court on Wednesday directed the Director General, Customs, Evaluation to decide an appeal by an importer regarding new valuation ruling for pana flex. The bench...
View ArticleMega reshuffling at FBR awaits clearance report by Intelligence Bureau
KARACHI: As the Federal Board of Revenue (FBR) has made it mandatory that prior to transfers and postings of FBR officers of Grade-18 and above, a sort of conduct clearance of the officers by...
View ArticleSHC directs Director Valuation to decide VR on Servo motors
KARACHI: The Director Valuation, Pakistan Customs was directed by a division bench of High Court of Sindh (SHC) to decide the issue of Valuation Ruling about Servo Motors within 15 days. The order came...
View ArticleSHC to hear plea against suspension of clearing agent license
KARACHI:-A division bench of High Court of Sindh (SHC) comprising Justice Sajjad Ali Shah and Justice Junaid Ghaffar on Thursday allowing an application for urgent hearing against suspension of license...
View ArticleCustoms values of cotton fabrics revised
KARACHI: The Directorate General of Customs Valuation has fixed the values of Cotton Fabrics vide Valuation Ruling No. 764/2015. A valuation Ruling regarding cotton fabric was issued vide Valuation...
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