Government to give FBR civil court powers under ‘Benami Transaction Act 2016’
KARACHI: The Federal Board of Revenue (FBR) shall, for the purpose of ‘Benami Transaction (Prohibition) Act’, 2016 have the same powers as are vested in a civil court under the Code of Civil Procedure...
View ArticleSoap importers challenge to Valuation Rulings adjourned till April 06
KARACHI: The hearing of petitions filed against valuation of Soap Noodles at higher arbitrary rates by the Directorate of Custom Valuation was adjourned till April 6 by a bench of High Court of Sindh....
View ArticleOrder reserved in review filed against judgment in Sales Tax case
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Muhammad Junaid Ghaffar on Monday reserved order in a review filed by an applicant/petitioner...
View ArticleCustoms department files written statement in nine identical suits
KARACHI: A Written Statement (WS) was filed here yesterday by Pakistan Customs, Valuation in nine suits filed on identical law point impugning show cause issued to them separately by the custom...
View ArticleCustoms appraisement officers’ association demands a rational promotion policy
KARACHI: All Pakistan Appraisement Officers Association has suggested suitable reorganization of Customs formations to complement higher degree of automation, efficient revenue collection and trade...
View ArticleArif Humayun, Ex-CEO of M/s AMI Pakistan arrested
KARACHI: R&D MCC Appraisement East has arrested Arif Humayun, former CEO of M/s AMI Pakistan and mastermind of the scam wherein M/s AMI Pakistan in connivance of importers and clearing agents...
View ArticleFBR simplifies procedure for sales tax registration
KARACHI: The Federal Board of Revenue (FBR) through amendments in Sales Tax Rules, 2006 has relaxed the procedure of sales tax registration. FBR has relaxed the condition of computerized submission of...
View ArticleRegulatory duty increased by 15pc on import of furniture
KARACHI: The Revenue Division has notified 15 percent increase in the regulatory duty imposed on import of furniture, iron and steel finished products along with 10 percent duty on aluminum alloys for...
View ArticleCustoms values of garlic and ginger revised
KARACHI: The Director of Customs Valuation Dr. Wasif Memon has revised the customs values of ginger and garlic vide Valuation Ruling No.822. The Customs Values of Ginger and Garlic were determined...
View ArticlePreventive Lahore foils heroin smuggling bid
KARACHI: The staff of Model Customs Collectorate (Preventive), Lahore posted at GPO, Lahore foiled an attempt to smuggle Heroin total weighing to 950 grams concealed in two parcels containing pants and...
View ArticleFinance minister chairs monetary & fiscal policies coordination board meeting
ISLAMABAD: A meeting of the Monetary and Fiscal Policies Coordination Board was held under the chairmanship of Federal Minister for Finance, Economic Affairs, Statistics and Privatization Senator...
View ArticleSCRA BY Hino Pakistan to be heard on April 14
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Abdul Malik Gaddi fixed April 14 for hearing a Special Custom Reference Appeal (SCRA) filed by Hino...
View ArticleSales tax refunds stuck up at LTU-II Karachi
KARACHI: Over a billion rupees are stuck up with Large Taxpayers Unit (LTU-II) Karachi, as sales tax divisions have not been activated at the unit since its inception two months back, hence no refunds....
View ArticleI&I-IR raids Karachi Command and Control Center’s founder company
KARACHI: The Federal Board of Revenue (FBR)’s wing, Directorate of Intelligence & Investigation-Inland Revenue (I&I-IR), speeding up the ongoing drive against tax evaders, conducted a raid on a...
View ArticleCustoms values of monosodium glutamate revised
KARACHI: Director Customs Valuation Dr. Wasif Memon has revised the customs values of Monosodium Glutamate vide Valuation Ruling No. 823/2016. Customs values of monosodium glutamate were determined...
View ArticleCustoms Islamabad seizes smuggled goods
ISLAMABAD: The Anti Smuggling Cell of MCC Islamabad has seized large quantity of smuggled mobile phones along with sex medicines worth millions of rupees. Chief collector Sarwat Habib Tahira has issued...
View ArticleLicense of M/s AMI Pakistan is at stake; MCC Preventive holds hearing
KARACHI: MCC Preventive Karachi has served a Show Cause Notice on M/s AMI Pakistan (Pvt) Ltd to explain the incident wherein the company mis-declared the information regarding port of loading of the...
View ArticleIndian Cloth case: Review application by Custom’s adjourned till April 04
KARACHI:- The hearing of a review application filed by Pakistan Customs against order of a divisional bench of High Court of Sindh allowing release of Indian cloth against payment of duty, taxes, fine...
View ArticleSHC adjourns hearing of petition by Customs Agent until March 28
KARACHI: A constitution petition filed by a local Customs Agent Sharjeel Jamal was adjourned until Monday, March 28 by a divisional bench of High Court of Sindh (SHC) comprising Chief Justice Sjjad Ali...
View ArticleDeputy Commissioner dismissed from service
KARACHI: The Federal Board of Revenue (FBR) has dismissed Rashid Ahmad Deputy Commissioner RTO Lahore from service on the charge of misconduct and unauthorized absence from duty. A formal inquiry...
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