Accused of exporting gold on fake Form-E arrested
KARACHI: MCC Exports Port Qasim have arrested 8 accused persons involved in the export of gold jewelry on fake Form-E and depriving Government of foreign exchange remittance amounting to $214.9...
View ArticleSulphur fertilizer to classified under heading 38.24
KARACHI: Customs Classification Committee has declared that the appropriate classification of Granular Straight Sulphur Fertilizer will be under heading 38.24 (sub heading) 3824.9099 in terms of GIR-1....
View ArticleRightful rate of duty on telecommunication antenna is 15 percent
KARACHI: The Customs Classification Committee has notified that the appropriate classification of telecommunication antenna is under heading 8517.6290 attracting customs duty of 15 percent. The issue...
View ArticleCustoms values of furnishing cloth revised upwards
KARACHI: Director Customs Valuation Manzoor Memon has taken a positive step as the customs values of curtain and sofa cloth are being brought at par with the velvet. Officials said that this revision...
View ArticleSHC to hear motor cycle parts importer plea on Oct 16
KARACHI: Allowing an application for urgent hearing seeking implementation of order passed by Customs Appellate Tribunal, Karachi, a division bench of High Court of Sindh (SHC) comprising Justice...
View ArticleCustoms to approach Drug Regulatory against companies procuring illegally...
KARACHI: The investigations into the fraudulent imports of pharmaceutical raw material have found that scores of pharmaceutical companies operating in Pakistan are procuring such unregulated chemicals...
View ArticleKTBA raises issues in filing Monthly Statements with chairman FBR
KARACHI:- Karachi Tax Bar Association (KTBA) has raised a number of issues relating to difficulties faced by tax payers in filing Monthly Statement with chairman FBR seeking resolution of the same....
View ArticleMCC Appraisement West to remain operational on Sundays
KARACHI: The Customs Appraisement South is rigorously pursuing its agenda against revenue leakage as well facilitation of trade. MCC Appraisement West has implemented strict scrutiny of the rules and...
View ArticleMinistry of Commerce allows release of plastic scrap consignments
KARACHI: The Ministry of Commerce has advised the Federal Board of Revenue (FBR) to release the held up plastic scrap consignments. The Ministry had received several requests for release of...
View ArticleRemoval from service hearing of Appraisers seems extra-judicial
KARACHI: The Customs authorities are overlooking several limitations and rules in pursuing the inquiry re-opened against 11 Appraising Officers appointed in 1998. These 11 officers are facing...
View ArticleCustoms values of Latex, Vinyl examination, surgical gloves
KARACHI: – The Directorate General of Customs Valuation has issued a new Valuation Ruling (VR 766/2015) here Monday in respect of Latex/Vinyl Examination and Surgical gloves taking notice of the...
View ArticleSHC adjourns hearing in Rupees 5.8 bln Sales Tax evasion case
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Sajjad Ali Shah and Justice Junaid Ghaffar on Monday adjourned hearing of a plea by New Horizon Computers against a Sales Tax ,...
View ArticleSenate Committee to consider Anti Money Laundering Amendment Bill 2014 on Oct...
KARACHI: The Senate Committee on Finance, Revenue, Economic Affairs, Statistics and Privatization will meet on Oct 20 with a very important agenda including threadbare discussion on the Anti-Money...
View ArticleValuation Ruling cannot be changed under Corrigendum Observes SHC
KARRACHI: Deciding about twenty constitution petitions filed by different importers of Toilet items, a division bench of High Court of Sindh (SHC) comprising Justice Sajjad Ali Shah and Justice Junaid...
View ArticleDRAP exempts Alternate medicine, health products
KARACHI: Drug Regulatory Authority of Pakistan (DRAP) has exempted the Alternate Medicines and health products till December 2015 from provisions of section 7 read with sub clause VII of clause ‘a’ of...
View ArticleSHC orders AC Customs Hyderabad to release 68 vehicles by Oct 19
KARACHI:- Additional Collector, Customs, Hyderabad was ordered to release 68 vehicles by Oct 19 completing all formalities. The bench comprising Justice Muneeb Akhtar and Justice Aftab Ahmed Gorar...
View ArticleContradictory corrigendum to Valuation ruling no.596/2013 create confusion...
KARACHI: The processing of import consignments containing toiletries of low-end brands has stopped as the contradictory corrigendum issued to the Valuation Ruling No.596/2013 has created confusion...
View ArticleAccused of exporting gold on fake Form-E given into jail custody
KARACHI: The arrested 8 accused persons involved in the export of gold jewelry on fake Form-E and depriving Government of foreign exchange remittance amounting to $214.9 million have been given into...
View ArticleSon quota appointees in FBR continue to suffer
KARACHI: The officials and staff of Pakistan Customs, Inland Revenue appointed under “son quota“ continue to suffer as a procedural bar curtailing powers of Collector Customs, Commissioners and FBR...
View ArticleGovernment red-taping solar power development; CPEC project being victimized
KARACHI: It seems certain elements are not in favor of development of alternate energy particularly solar power in Pakistan while some fear whether some quarters were pursuing the agenda of derailing...
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