Copper rod or Copper wire: SHC issues notice for Aug 22
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Anwar Hussain on Friday issued notice to the DG Custom Valuation and others for Aug 17 in a petition...
View ArticleSHC adjourns identical petitions till Aug 22 against Custom valuation
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Anwar Hussain on Friday adjourned hearing of two identical petitions challenging assessment of...
View ArticleFBR’s incompetency affecting its cases in Courts and Tribunals Losing...
KARACHI: The Ministry of Finance through Federal Board of Revenue (FBR) spends millions of rupee for improving tax recovery system and appoints commissioners, assistant commissioners and tax specialist...
View ArticleVacuum flasks importers’ revision petition rejected
KARACHI: The Director General Customs Valuation Syed Tanveer ahmed has rejected the petition of vacuum flasks importers against Valuation Ruling No.864/2016. The importers including M/s NFS Traders...
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Order-in-revision: values of frozen French fries re-determined
KARACHI: The Director General Customs Valuation Syed Tanveer Ahmed has issued order-in-revision No. 230/2016 re-determining the values of Frozen French Fries earlier determined vide valuation ruling...
View ArticleEnemies of Pakistan trying to ruin CPEC: DG Rangers
KARACHI: Director General Rangers Major General Bilal Akbar Saturday said that the enemies of Pakistan, specially India is trying to sabotage the China Pakistan Economic Corridor (CPEC) to weaken the...
View ArticleDG Transit trade expresses satisfaction on enhanced coordination between...
KARACHI: Director General Transit Trade Muhammad Javed Ghani chaired a meeting of regional directors of Transit Trade and expressed satisfaction on the steps taken to ensure enhanced coordination...
View ArticleReadymade garment importers seek revision in Valuation Ruling No. 886/2016
KARACHI: The readymade garment importers have approached Director General Customs Valuation Syed Tanveer Ahmed praying revision in the values of low-end readymade garments determined vide Valuation...
View ArticleSHC issues notices to APL, KICT for Aug 16 in petition by Syscom International
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Anwar Hussain issued notices to Chief executives of Karachi International Container Terminal and...
View ArticleSHC fixes SCRA’s by NLC for hearing on Sept 26
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaadi admitting nine identical Special Custom Reference Applications (SCRA) filed...
View ArticleTribunal strikes down adjudication order against M/s Waterlink Pakistan
KARACHI: The Customs Appellate Tribunal, comprising Mohammad Nazim Saleem Member Technical-II and Tahir Zia Member Judicial-II, has struck down the fines and penalties imposed on M/s Waterlink Pakistan...
View ArticleKTBA seeks extension in monthly statement filing date
KARACHI: The Karachi Tax Bar Association (KTBA) has approached Federal Board of Revenue (FBR) seeking extension in the date for filing monthly statements. In a letter to chairman FBR, President KTBA...
View ArticleIndian Granite import case: SHC hears contempt application against...
KARACHI: Justice Salahuddin Panwhar of High Court of Sindh (SHC) hearing a contempt of court application in a suit filed by Amer Saeed, importer of Granite from India adjourned hearing till next week...
View ArticleSHC disposes of SCRA, declares penalty illegal
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi on Monday disposed of a Special Customs Reference Application (SCRA)...
View ArticleSHC adjourns Dumper Trucks case till Aug 24 as response from Commerce...
KARACHI: An appellate bench of High Court of Sindh (SHC) on Monday adjourned hearing of two identical petitions filed by Haji Ihsanullah of Ihsanullah Construction Company till Aug 24. The adjournment...
View ArticleInland Revenue Tribunal strikes down penalty imposed for non-filing of WHT...
KARACHI: Inland Revenue Appellate Tribunal comprising Muhammad Javed Zakarya has set aside the penalties imposed on M/s Resilience Xpert Pvt Ltd by Commissioner Inland Revenue for non-filing of...
View ArticleInland Revenue Tribunal strikes down audit proceedings against M/s Ahmed...
KARACHI: Inland Revenue Appellate Tribunal Muhammad Javed Zakarya has set aside the order of DC Inland Revenue who had rejected 25 percent of the claim of purchases in the trading account of M/s Ahmed...
View ArticleTotal foreign investment up 124.8% to $113.9m
KARACHI: Despite the downward trend in Direct Investment, the country’s total foreign investment enhanced by 124.8 per cent to $113.9 million owing to the higher inflows of portfolio investments in...
View ArticlePSX receives overwhelming response to its invitation for expression of interests
KARACHI: Pakistan Stock Exchange Limited (Formerly: Karachi Stock Exchange Limited) [“PSX”] has received an overwhelming feedback from foreign as well as local investors in response to its invitation...
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Customs values of mobile accessories revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of mobile accessories vide Valuation Ruling No. 908/2016. There are numerous reports that mobile accessories of different...
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