Customs values of copper tubes revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of copper tube & copper capillary tube vide Valuation Ruling No. 911/2016. The customs values of copper tube &...
View ArticleAl-Baraka to buy Burj Bank soon
KARACHI: AL-Baraka Bank (Pakistan) Limited (ABPL), a Bahrain and Emirates joint entity, has decided to purchase ‘The Burj Bank Pakistan and submitted the same for this possible merger to the State Bank...
View ArticleThree years delay in finalizing PCT Heading leads to hundreds of cases SHC...
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi on Tuesday deferred hearing of dozens of Special Custom Reference...
View ArticleSHC restrains Inland Revenue from harassing Habit, issues notice for Aug 30
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi on Tuesday restrained the Inland Revenue (IR) department from harassing the...
View ArticleCustoms issues 30 valuation guidelines so far
KARACHI: Directorate General Customs Valuation has so far issued 30 valuation guidelines for the reference of assessment staff so that under-invoicing and mis-declaration could be eliminated. Director...
View ArticleFTO recommends a mechanism to monitor pending test reports
KARACHI: The Federal Tax Ombudsman (FTO) has recommended for Federal Board of Revenue (FBR) to evolve a mechanism to monitor pending test reports in all cases of provisional assessment to avoid...
View ArticleMember Customs stays promotion of appraising officers
KARACHI: Member Customs – FBR has stayed the promotions of appraising officers (BS-16) through a verbal order, sources said. FBR’s Departmental Promotion Committee (DPC) on July 24, 2016 had approved...
View ArticleFBR notifies transfers/postings in IRS
KARACHI: The Federal Board of Revenue (FBR) has notified transfers and postings of Inland Revenue Service (IRS) officers of BS-17, BS-18, BS-19 and BS-20. Muhammad Naseer Butt (BS-20) is moved from the...
View ArticlePBC suggests solution to end impasse between Federation & Provinces
KARACHI: The Honorable High Court of Sindh yesterday granted a stay order against the Federal Government’s move to deny offset of input sales tax on services paid to provinces against output sales tax...
View ArticleSHC summons Collector Customs Hyderabad on Aug 23 in contempt cases
KARACHI: A divisional bench of High Court of Sindh (SHC) summoned Collector Customs, Model Customs Collectorate, Hyderabad on Aug 23 in two different but identical applications for contempt of court....
View ArticleSHC adjourns SCRA pertaining to “responsibility of Clearing Agent” till Sept 09
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi, on Wednesday part heard a Special Custom Reference Application filed by a...
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DG Valuation revises Valuation Ruling No.854/2016
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has granted the Revision Petition filed by M/s DIC Pakistan Limited and revised the Valuation Ruling No. 854/2016 determining customs...
View ArticleFBR exonerates PA Asad Aleem
KARACHI: Member Admin – FBR has accepted the appeal of Asad Aleem Principal Appraiser (BS-17) and set aside the minor penalty imposed on him by the authorized officer. The Board had imposed the minor...
View ArticleDG I&I appreciates performance of Directorate I&I Enforcement Karachi
KARACHI: The Director of Customs Intelligence & Investigation (Enforcement Karachi) Yaqoob Mako gave a presentation to Director General I&I Imtiaz Ahmed Khan regarding directorate’s...
View ArticleMQF offers services for the protection and security of CPEC
KARACHI: Muttahida Qabail Federation (MQF) has offered their services and support to the government of Pakistan to provide security and protection to China-Pakistan Economic corridor (CPEC). MQF is an...
View ArticleATIR rejects appeal of Faisal Bank in default surcharge levied by CIR
KARACHI: Muhammad Jawed Zakaria (Judicial Member) Appellate Tribunal Inland Revenue (Pakistan) Karachi rejecting appeal of M/s Faysal Bank Limited has directed to pay default surcharge levied by the...
View ArticleLight white oil correctly classifiable under PCT 2710.1250
KARACHI: Chairman Classification Committee Additional Collector Haris Ansari has made a ruling that ‘light white oil Farol 100’ is appropriately classifiable under PCT 2710.1250, keeping in view it is...
View ArticleCustoms plea in suit by Umar Spinning Mills to be heard on Aug 25
KARACHI: Justice Muhammad Shafi Siddiqui of High Court of Sindh hearing a plea by Pakistan Customs lawyers adjourned hearing of a suit filed by Umar Spinning Mills till Aug 25. According to details,...
View ArticleMCC Port Qasim reshuffles principal appraisers
KARACHI: MCC Port Qasim has notified transfers and postings of Principal appraisers. Ibrahim Khan is posted to Bulk, Bonds, One Customs Processing, R&D, Auction and Import Section. Tariq Aziz is...
View ArticleInternal Audit points short-realization of revenue by MCC Gwadar
KARACHI: The Directorate of Internal Audit – Customs has made an observation that MCC Gwadar short-realized an amount of Rs53.102 million from ship breakers during 2014-15. The Audit Team comprising...
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