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Customs Sukkur seizes smuggled diesel
Ā KARACHI: Customs Sukkur has seized 2290 liters of smuggled Irani diesel in cans concealed in a truck loaded with coal. A large quantity of diesel used to be smuggled into Pakistan from Iran and was...
View ArticleIncome tax return filers surge to 1.08 million
KARACHI: The number of income tax return filers has surged to 1.08 million, suggests the latest Active Taxpayers List (ATL) released by Federal Board of Revenue (FBR). Appearance of taxpayers name in...
View ArticleIncome Tax Payment: KTBA asks FBR to extend date
Karachi Tax Bar Association (KTBA) has requested Federal Board of Revenue to extend the last date of income tax payment date from September 16 to up to September 25 in view of the Eid-ul-Azha holidays...
View ArticleSHC orders decision in tax appeal filed by Interflow Communications in 30 days
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Maalik Gaddi disposed of a Special Tax Reference Application filed by Interflow...
View ArticleSHC dismiss SCRA by local soap manufacturers, adjourn others till Oct 17
KARACHI: A special customs reference application (SCRA) filed by local soap manufacturers against higher customs value fixed by the Customs Valuation was dismissed by an appellate bench of High Court...
View ArticleSHC disposes STRA in favor of Pakistan Steel Mills
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi disposed of a Special Tax Reference Application filed by Commissioner Inland...
View ArticlePakistan willing to implement WCO Authorized Economic Operator
KARACHI: Government of Pakistan is interested in joining the WCO Authorized Economic Operator (AEO) program, which is widely acknowledged as a key driver for a solid Customs-Business Partnership;...
View ArticleTP consignments given temporary exemption from the condition of electronic...
KARACHI: In line with the recommendation of State Bank of Pakistan (SBP), Pakistan Customs has granted relief to transshipment (TP) consignments from the condition of electronic I-Form. Consignments...
View ArticlePakistan signs the Multilateral Convention on Mutual Administrative...
KARACHI Pakistan, on 14th September 2016, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters at the OECD Headquarters in Paris. Senator Mohammad Ishaq Dar, Minister...
View ArticleTribunal extends benefit of SRO 1125(I)/2011 to bulk needles
KARACHI: Member Judicial Customs Appellate Tribunal Karachi, Muhammad Nadeem Qureshi has struck down the adjudication order as well as order-in-appeal against M/s silver Surgical complex Pvt Ltd and...
View ArticlePakistan Customs notifies exemptions from the condition of electronic I-Form
KARACHI: Ā Pakistan Customs has issued certain exemptions and relaxations from the filing of electronic Import Form (EIF). A senior officer told Customnews.pk that Goods Declarations (GDs) of personal...
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Customs values of polyester yarn revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of polyester yarn vide Valuation Ruling No.928/2016. All Pakistan Yarn Merchants Association (PYMA) Karachi contested that...
View ArticleSHC issues notice in SCRA by MCC Export, Bond Section for Oct 03
KARACHI: AN appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abul Maalik Gaddi on Monday issued notice to Fairdeals Textiles (Pvt) Ltd for Oct 03 in a...
View ArticleKarachi Customs Agents holding election on September 24, 2016
KARACHI: Karachi Customs Agents Association (KCAA) is holding it elections for the term 2016/17 on September 24, 2016. As many as 105 candidates have submitted their nominations for various offices. It...
View ArticleFBR notifies procedure for processing of sales tax zero-rating claim...
KARACHI: The Federal Board of Revenue (FBR) has notified the procedure and requirements for the purpose of uniform and expeditious processing and disposal of cases for the grant, rejection or...
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Customs Values of natural raw rubber revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of natural raw rubber of different grades vide Valuation Ruling No. 929/2016. Customs values of natural raw rubber of...
View ArticleCustoms Values of abrasive products revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of abrasive products grinding/cutting disc/wheel vide Valuation Ruling No. 930/2016. Customs values of abrasive products...
View ArticleSHC allows release of consignments on declared value as interim arrangement
KARACHI: A division bench of High Court of Sindh allowing an application for interim relief filed by importers of toilet soaps ordered release of consignments on payment of duty and taxes on declared...
View ArticleSHC suspends enhancement by DG Valuation above Valuation Ruling
KARACHI: An appellate bench of High Court of Sindh comprising Justice Munib Akhtar and Justice Anwar Hussain on Tuesday suspended an enhancement in value of Baby Diapers overĀ and above a Valuation...
View ArticleStationary manufacturers demand restoration zero-rating on paper procurement
KARACHI: Stationary manufacturers across the country are irked with the withdrawal of zero-rating facility on stationary raw material. Federal government in the last budget has withdrawn the sales tax...
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