Customs values of aerosol spray paints revised
KARACHI: Director Customs Valuation Karachi Dr. Wasif Memon has revised the customs values of aerosol spray paints vide Valuation Ruling No.858/2016. Values of these goods were earlier determined vide...
View ArticleSHC departs SCRA’s, petition in soap valuation cases
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Abdul Malik Gaddi on Wednesday departed with a part heard petition and connected Special Customs...
View ArticleSHC issues notice to importer of dry fruit from India for June 3
KARACHI: Justice Salahuddin Panhwar of High Court of Sindh (SHC) on Wednesday issued notice for June 03 to Unity Commodities which imported a consignment consisting of Cashew nuts (Kaju) and other...
View ArticleInternal Audit points out non-realization of revenue from QESCO
KARACHI: The Directorate of Internal Audit has advised MCC Quetta to make hectic efforts to realize huge amount outstanding towards Quetta Electric Supply Company (QESCO). Internal Audit in an Audit...
View ArticleInternal Audit points out stuck-up revenue due to inefficiency of Customs I&I...
KARACHI: The Directorate of Internal Audit points out that government revenue to the tune of billions of rupees was stuck-up due to the inefficiency of Directorate of Customs Intelligence &...
View ArticleMCC Appraisement East starts attaching accounts/properties of revenue evaders
KARACHI: MCC Appraisement East has started issuing notices to various banks and Land Departments advising to attach bank accounts and properties of various importers/companies, which evaded government...
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Customs values of low-end brands footwear revised
KARACHI: The Director of Customs Valuation Karachi Dr. Wasif Memon has revised the customs values of low-end brand shoes, slippers, sandals, chappals and Joggers vide Valuation Ruling No.859/2016....
View ArticleUnilever calls for collective action for sustainability in Pakistan
LAHORE: Unilever Pakistan has called for collective action as a means of enhancing the positive impact of social & economic development and climate change efforts across the country. The...
View ArticleSHC reserves judgment in used vehicles import case
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Chief Justice Sajjad Ali Shah and Justice Zulfiqar Ahmad Khan on Thursday reserved judgment in a vehicles import case. Faisal Motors...
View ArticleSHC dismiss suit of Engro Elengy Terminal, holds liable to pay Customs duty
KARACHI: Justice Muhammad Junaid Ghaffar of High Court of Sindh (SHC) on Thursday dismissed a suit filed by Engro Elengy Terminal against demand of Pakistan Customs for payment of Customs Duty while...
View ArticlePSX taxation recommendations will increase government’s revenues
KARACHI: The Pakistan Stock Exchange (PSX) has urged the government to consider its proposals for federal budget 2016-17 as these would increase investment in the country with no impact on government...
View ArticleFBR is set to implement electronic data exchange (EDE) with China Customs
KARACHI: The Federal Board of Revenue (FBR) is all set to implement electronic data exchange (EDE) between Customs administration of China and Pakistan under Pak China Free Trade Agreement, which would...
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Coast guards arrest 75 illegal immigrants
KARACHI: Pakistan Coast Guards (PCG) has arrested 75 persons, who were illegally crossing the Pakistan-Iran border. These arrested persons include 05 Bangladeshi nationals, 08 Afghans and 62...
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Customs values of Toyota Hilux Vigo/Revo revised
KARACHI: Directors Customs Valuation Dr. Wasif Memon has revised the Customs values of Toyota Hilux Vigo/Revo of Thailand origin vide Valuation Ruling No.860/2016. The customs values of Toyota Hilux...
View ArticleCustoms Adjudication presents proposals to streamline the process
KARACHI: The Collectorate of Customs Adjudication had recommended several measures in its proposals for federal budget 2016-17, which would streamline the entire adjudication process. It has been...
View ArticleCustoms Adjudication penalizes M/s Pure Enterprises
KARACHI: Collector of Customs Adjudication Chaudry Mohammad Javaid has penalized M/s Pure Enterprises and clearing agents for clearance of restricted pharmaceutical raw material by mis-declaration of...
View ArticleMCC Port Qasim seeks encashment of securities submitted by M/s Master Beverages
KARACHI: MCC Port Qasim has approached Sindh High Court in an intra-court appeal regarding modification in the Court’s earlier ruling ordering release of M/s Master Beverages & Foods on payment of...
View ArticleSharjeel Jamal’s lawyer serves legal notice on Chief Collector Appraisement
KARACHI: Barrister Faroogh Naseem, the counsel of Sharjeel Jamal, has served a legal notice of Chief Collector Customs South Abdul Rasheed Shaikh to unblock their WeBOC user ID and refrain from...
View ArticleAssessment alert issued about under-invoicing of broom sticks
KARACHI: The Directorate General of Customs Valuations has issued an assessment alert pertaining to under invoicing in assessed value of broom sticks. The Directorate General of Customs Valuations has...
View ArticleWeBOC users to obtain unique user identifier
KARACHI: Since there is no mechanism for verification of persons on whose names WeBOC unique user IDs have been issued, FBR is likely to make it mandatory for all WeBOC users to obtain unique user...
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