Senate Committee approves summary regarding up-gradation of Principal...
KARACHI: Chairman Senate Committee on Finance, Revenue, Economic Affairs, Statistics and Privatization, Saleem Mandviwala has said that the summary regarding upgradation of BS-16 Customs officers has...
View ArticlePQA Tugs case adjourned as Customs seek time for assessment of GD
KARACHI:- Justice Aziz-ur-Rahman of High Court of Sindh on Thursday adjourned hearing of a suit filed by Port Qasim Authority against Federal Board of Revenue and Pakistan Customs after PQA counsel...
View ArticleSHC disposes of 3 identical petitions by telecom giant Telenor
KARACHI:- A division bench of High Court of Sindh (SHC) comprising Justice Sajjad Ali Shah and Justice Junaid Ghaffar on Thursday allowed five identical constitution petition out of which four were...
View ArticleCustoms recover Rs70 million from M/s Fazal Elahi & Sons
KARACHI: MCC Appraisement West has recovered an amount of Rs63.113 million, which an importer evaded through suppressing actual value of imported consignments. According to details, Model Customs...
View ArticleSHC adjourns hearing of petitions by soap manufacturers until Dec 04
KARACHI: The hearing of a number of identical petitions filed by soap manufacturers was adjourned until Dec 04 by a division bench of High Court of Sindh (SHC) comprising Justice Sajjad Ali Shah and...
View ArticleCustoms Appellate Tribunal allows four identical appeals
KARACHI:- The Customs Appellate Tribunal, Bench I allowed four identical appeals ordering release of confiscated black tea consignment transshipped from Taftan to Quetta Dry Port. The vehicles carrying...
View ArticleNon-updating of WeBOC system results in revenue loss
KARACHI: The leniency on part of Secretary Sales Tax FBR has resulted in a loss of millions of rupees to the national exchequer as sales tax exemption continued to be available for importers despite...
View ArticleClarification: M/s Fazal Elahi & Sons-Lahore found involved in fiscal fraud
KARACHI: Apropos to a news story uploaded on Customnews.pk dated November 13, 2015 titled ‘Customs recover Rs70 million from M/s Fazal Elahi & Sons’, it is clarified that due to a typographical...
View ArticleCustoms appellate tribunal allows appeal against demand of suspended duty...
KARACHI:- The Customs appellate tribunal, bench I, Karachi allowed an appeal filed by Island Textile Mills challenging an order of Collector of Customs (Appeals) which rejected plea of the importer to...
View ArticleMCC Hyderabad detects evasion of Rs650 million
KARACHI: MCC Hyderabad has detected a case of evasion of more than Rs 650 million in duty/taxes as imported goods were illegally removed from private bonded warehouse of M/s. Huffaz Seamless Pipe...
View ArticleModule prepared, 80 percent transit cargo to be cleared through green channel
KARACHI: Directorate of Reforms and Automation has prepared the module to facilitate implementation of provision in SRO 637(I)/2015 that 80 percent of transit cargo would be cleared through the green...
View ArticleMajor reshuffle in FBR expected in 24-48 hours
KARACHI:- Chairman Federal Board of Revenue (FBR) Tariq Bajwa would take over as Secretary Economic Affairs division while Member Customs Nisar Muhammad Khan would take over as Officiating Chairman,...
View ArticleDar meets FBR top officials, postings finalized
KARACHI: Federal Finance Minister Ishaq Dar on Monday held a marathon meeting with Chairman Federal Board of Revenue (FBR) Tariq Bajwa and his team and lauded their efforts in achieving targets....
View ArticleSHC full bench adjourns hearing issue of making federation respondent in all...
KARACHI:-A full bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi, Justice Muhammad Junaid Ghaffar and Muhammad Iqbal Kalhoro adjourned hearing of a question arising out of a...
View ArticleSHC disposes of petitions challenging Valuation Ruling on Furnishing cloth
KARACHI:- A division bench of High Court of Sindh (SHC) on Tuesday disposed of two identical constitution petition filed by MF and Company and Imperial Furnishers who imported Textile Fabric from...
View ArticleNisar Muhammad Khan assumes the office of Chairman FBR
KARACHI: Nisar Muhammad Khan has assumed the office of Chairman Federal Board of Revenue (FBR) on November 17, 2015 while postings of Nasir Masroor as Member Customs FBR, Rehmatullah Wazir as Member IR...
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SHC allows Huffaz Mills to with draw petition, Customs allowed audit
KARACHI:- A division bench of High Court of Sindh (SHC) comprising Justice Sajjad Ali Shah and Justice Muhammad Junaid Ghaffar on Tuesday allowed Huffaz Seamless Pipe Industries Ltd to withdraw a...
View ArticleCustoms Intelligence seize large quantity of smuggled duty
KARACHI: Directorate of Customs Intelligence Quetta has seized seven tankers carrying 200,000 liters of smuggled diesel and arrested 14 persons. Director Quetta Irfan-ur-Rehman has advised Customs...
View ArticleIshaq Dar expects more from new FBR team; lauds Tariq Bajwa
KARACHI: Federal Finance Minister, Senator Ishaq Dar has said the entire mainstream Federal Board of Revenue (FBR) team had been replaced and well reputed officers were posted with a view to streamline...
View ArticleMisuse of exemptions; PCA Karachi serves Audit Observations on four LED...
KARACHI: Directorate of Post Clearance Audit (PCA) Karachi has served an Audit Observation on M/s International Fancy Light Lahore for payment of Rs2.713 million which was evaded through claiming...
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