DIT challenges Tribunal’s order for releasing Oil tankers
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Muhammad Iqbal Kalhoro and Justice Khadim Hussain M. Shaikh on Friday issued notices to Special Customs Appellate Tribunal...
View ArticleSales tax registration blacklisted
KARACHI: The Federal Board of Revenue (FBR) has blacklisted sales tax registration of three companies as they failed to file their sales tax returns in past many years. The Regional Tax Office...
View ArticleDirectorate General of Transit trade enhances monitoring of transit cargo
KARACHI: Director General Transit Trade Muhammad Javed Ghani held a meeting with regional directors and advised the formation to enhance monitoring of transit cargo at exit and entry stations. The...
View ArticleFBR changes names of Regional Tax offices
KARACHI: The Federal Board of Revenue (FBR) has changed the names of Regional Tax Office of Karachi and Lahore, an FBR official said. In this connection, the FBR has issued notification in which the...
View ArticleGovt asks RTOs to collect data of fair market prices of land Reports...
KARACHI: The federal government through their high officials of Federal Board of Revenue (FBR) has directed to Regional Tax Officers (RTOs) in all mega cities of the country to collect two to three...
View ArticleMCC Islamabad seizes 1600 smuggled mobile phones
MCC Islamabad seizes 1600 smuggled mobile phones KARACHI: MCC Islamabad I&P seized large quantity of mobile phones worth Rs 20 million and arrested four smugglers. Airport Customs seized large...
View ArticlePakistan and Iran consider opening bank branches, exchange companies in each...
KARACHI: The authorities of Pakistan and Iran have proposed to establish bank branches in each others’ territories to improve banking relations between the two countries. Iran’s banks would setup their...
View ArticleCustoms values of playing rackets revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of racket of different types vide Valuation ruling No.884/2016. It was known that the values of rackets of different sized...
View ArticleCustoms values of infusion giving revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of infusion giving sets vide Valuation ruling No.885/2016. It was known that the values of infusion giving sets had...
View ArticleFBR’s legal wing implements LMS to speed up cases in courts
KARACHI: The Federal Board of Revenue (FBR’s) Legal Wing has implemented Litigation Management System (LMS) in all Inland Revenue field formations. LMS, indigenously developed by Legal Wing with the...
View ArticleMCC Appraisement East reassigns officers
KARACHI: MCC Appraisement East has reassigned work amongst additional collector, deputy/assistant collectors. Additional Collector-I Azhar Merchant would look after affairs at headquarters, R&D,...
View ArticleImprovement in security environment raises comfort level of foreign investors
KARACHI: OICCI members have appreciated the improving law and order situation especially in Karachi and maintained a positive perception in the annual OICCI members Security survey conducted by the...
View ArticleValuation Ruling for Tooth paste challenged, Notice issued for today
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Muhammad Iqbal Kalhoro and Justice Khadim Hussain M. Shaikh on Monday ordered issuance of notices to Director General,...
View ArticleEDI: customs team leave for China
KARACHI: A delegation of Pakistan Customs headed by Chief Collector Appraisement South Abdul Rasheed Shaikh has left for China where the memorandum of understanding (MoU) would be signed for the...
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Customs values of garments revised
KARACHI: The Director General of Customs Valuation Wasif Memon has revised the customs values of garments low end brands of china, Indonesia, Malaysia, UAE, Bangladesh, Sri Lanka, Thailand and Vietnam...
View ArticleCurbing under-invoicing; Customs issues several valuation guidelines
KARACHI: Directorate General of Customs Valuation has circulated certain valuation guidelines for the notice of all formations about the prevailing international price trend of several importable goods...
View ArticleCCP passes order, accepts commitments of companies to comply with Competition...
KARACHI: The Competition Commission of Pakistan (CCP) has issued an order disposing off Show Cause Notices issued to three undertakings for violation of Section 10 of the Competition Act, 2010, after...
View ArticleSHC orders provisional release of tooth paste consignments
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Muhammad Iqbal Kalhoro and Justice Khadim Hussain M. Shaikh on Tuesday ordered provisional release of two consignments...
View ArticleTaxpayers not getting exemption certificates
KARACHI: Taxpayers are facing severe in respect of the Tax Year 2017 i.e year ending June 30, 2017. Karachi Tax Bar Association in a letter to chief commissioners of Regional Tax Office (RTO)-I, II...
View ArticleDespite higher taxes and lowest discount rates, UBL earns Rs 6.9bn in 2nd...
KARACHI: Despite the higher taxes and lowest discount rates, the UBL bank announced its consolidated earnings of Rs 6.9 billion in second quarter 2016, up 27 per cent year-on-year against the market...
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