Internal Audit points inefficiencies on part of MCC Port Exports Port Qasim
KARACHI: The Directorate of Internal Audit – Customs has pointed several acts of omissions on the part of MCC Exports Port Qasim, which caused losses to the national exchequer. The Audit Team...
View ArticleInternal Audit points non-recovery of government revenue from M/s...
KARACHI: The Directorate of Internal Audit – Customs has pointed that MCC Exports Port Qasim failed to collect duty/taxes on the disposal of wastages from manufacturing bond, which is required as per...
View ArticleCustoms I&I (ASO) seizes five smuggled cars, FIRs lodged
KARACHI: The Directorate General of Intelligence & Investigation –FBR (Customs Anti-smuggling) has lodged six FIRs against different individuals for registering smuggled or non-duty paid vehicles...
View ArticleExporter, clearing agent for exporting turtles
KARACHI: Directorate General of Intelligence & Investigation–FBR (Customs Enforcement) has lodged against M/s Al Hameed Enterprises and M/s SARAS International clearing agents for smuggling out...
View ArticleR&D Appraisement East recovers Rs23.8 million in four months
KARACHI: R&D Section of MCC Appraisement East has made exemplary performance and detected revenue leakage and recovery thereof to Collector Ashad Jawwad. The R&D Section MCC Appraisement East...
View ArticleSupreme Court passes landmark judgment regulating fiscal powers of the...
KARACHI: A three member bench of Supreme Court of Pakistan (SCP) in a land mark judgment held here on Thursday that fiscal notification enhancing the levy of tax issued by the, Secretary, Revenue...
View ArticleFBR imposes 5% tax on weddings, concerts and other events
KARACHI: The Federal Board of Revenue (FBR) on Friday imposed 5 percent advance tax on different functions including weddings, seminars, workshops, exhibitions, concerts, parties or any other gathering...
View ArticleYounus Bashir for resolving Property Valuation issue on priority basis
KARACHI: President of the Karachi Chamber of Commerce & Industry (KCCI) Younus Muhammad Bashir has said that there was absolutely no solution to deal with issues emerging after the issuance of...
View ArticleLocal HSD attracts sections pertaining to smuggling: SHC adjourns SCRA
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi on Friday adjourned hearing of a Special Customs Reference Application...
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DG Valuation revises Valuation Ruling No.838/2016
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has revised Valuation Ruling No.838/2016 vis-à-vis the customs values of biscuits. Importers of biscuits including M/s Shadr-e-Wala...
View ArticleRevision petition against customs values of skimmed milk powder rejected
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has rejected the revision petition of powder milk importers and upheld the customs values determined vide Valuation Ruling No.843/2016....
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DG Valuation revises Valuation Ruling No.650/2014
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has revised Valuation Ruling No.650/2014 vis-à-vis the customs values of menthol crystals in an order in revision issued in line with the...
View ArticleCustoms Valuation issues 03 more guidelines
KARACHI: Directorate of Customs has issued 03 more valuation guidelines for the reference of assessment staff so that under-invoicing and mis-declaration could be eliminated. The reference values of...
View ArticlePolicy under consideration to purge trade bodies of bad elements
KARACHI: There may be a set of rules for field formations of Pakistan Customs (PCS) and Inland Revenue (IRS) enabling the policy that members/office bearers of trade bodies facing litigation and/or...
View ArticleGovt introduces Benami transactions bill 2016 to curb black money in Land...
KARACHI: Aiming to stop black money especially in the real estate sector, government has introduced Benami Transactions (Prohibition) Bill, 2016 in the Parliament. The move came after several partially...
View ArticleCustoms values of synthetic rubber revised
KARACHI: The director customs valuation Wasif Memon has revised the customs values of synthetic rubber vide valuation ruling No.912/2016. Customs values of synthetic rubber (NBR & SBR) were...
View ArticleLawyers boycott courts across country, Daesh issues footage, photos
KARACHI: The lawyers of Karachi like lawyers of all cities of Pakistan stayed from the courts today on a call given by apex body Pakistan Bar Council to register their anger and protest over non arrest...
View ArticleRevision petition against Valuation Ruling No.848/2016 rejected
KARACHI: The director general customs valuation Syed Tanveer Ahmed has rejected the revision petition filed by importers including M/s A.R.G Enterprises and maintained the values determined by...
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Director General Valuation revises Valuation Ruling No.881/2016
KARACHI: The director general customs valuation Syed Tanveer Ahmed has revised the Valuation Ruling No.881/2016 thus amending the customs values of sofa/curtain cloth. Importers including M/s A.S &...
View ArticleDG Valuation orders to issue separate ruling for toys/games
KARACHI: The director general customs valuation Syed Tanveer Ahmed has pointed out several flaws in Valuation Ruling No.871/2016 and deleted several values of toys/games determined vide the subject...
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