China State Construction company imports duty/tax exempted machinery and...
KARACHI: China State Construction Engineering Corporation has imported heavy machinery and equipment worth Rs3.019 billion in August so far after the government announced sales tax, income tax and...
View ArticleClik here to view.
NAB to pursue cases involving Rs100 million
KARACHI: In line with directions of Courts and NAB’s own fair thought process, NAB shall pursue to investigate cases wherein an amount over Rs100 Million is involved. However in particular...
View ArticleClik here to view.
Customs values of electricity meters revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of electricity meters vide Valuation Ruling No. 931/2016. The values of electricity meters were earlier determined vide...
View ArticlePetition seeking revision in customs values of footwear rejected
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has rejected the revision petition filed by footwear importer and upheld the values determined by the Valuation Ruling No.859/2016. M/s...
View ArticleCustoms Audit finds huge evasion by M/s Pak Suzuki
KARACHI: The Directorate of Internal Audit has detected that 20 consignments of M/s Pak Suzuki Motor Co. Limited was processed without payment of duty and taxes in July 2013, the recoverable duty/taxes...
View ArticleSHC allows SCRA by Pakistan Tin Plates Merchants Association
KARACHI: An appellate bench of High Court of Sindh comprising Justice Munib Akhtar and Justice Abdul Maalik Gaddi allowed a Special Customs Reference Application (SCRA 70 of 2010) and...
View ArticleFBR notifies Inland Revenue Welfare Funds Rules, 2016
KARACHI: The Federal Board of Revenue (FBR) has notified Inland Revenue Welfare Funds Rules, 2016, which will apply to central inland revenue fund maintained at FBR headquarters and regional inland...
View ArticleCustoms values of hair brushes revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of hair brushes vide Valuation Ruling No. 932/2016. The values of different types of hair brushes were earlier determined...
View ArticleCustoms values of brushes revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of cleaning, washing, sweeping, dusting and other kind of brushes vide Valuation Ruling No. 933/2016. The values of...
View ArticleCustoms values of feeder brushes revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of feeder brushes vide Valuation Ruling No. 934/2016. The values of different types of feeder brushes were earlier...
View ArticleProperty valuation law to effect property prices, sales : KTBA
KARACHI: The new law regarding property valuation has negative effect on real estate as sales and purchase has come to a almost standstill, said a speaker at a seminar held by Karachi Tax Bar...
View ArticleSHC allows petitions on basis of order passed in identical petitions
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Abdul Maalik Gaddi allowed a number of appeals on the basis of a common order passed earlier in...
View ArticleM/s Essa Tex Industries booked for committing fiscal fraud
KARACHI: Directorate General of Intelligence & Investigation (Customs-Enforcement) has booked directors and officials of M/s Essa Tex Industries illegally removing imported raw materials from...
View ArticlePakistan Customs not equipped to meet CPEC challenge
KARACHI: Pakistan Customs is not at all equipped to undertake import/export clearance along with anti smuggling operations on China Pakistan Economic Corridor (CEPC) route, and needs enhancement of its...
View ArticleCustoms agents compete for the offices of KCAA on September 24
KARACHI: There will be a close competition on September 24, 2016 as Customs Agents Group and Customs Agents Alliance compete for the offices of Karachi Customs Agents Association for the term 2016-17....
View ArticleCustoms values of adult/patient diapers revised
KARACHI: The Director Customs Valuation Wasif Memon has revised the customs values of adult/patient diapers vide Valuation Ruling No.935/2016. The Directorate General had circulated the customs values...
View ArticleCustoms values of rubber foam insulation pipe revised
KARACHI: The Director Customs Valuation Wasif Memon has revised the customs values of rubber foam insulation pipe vide Valuation Ruling No.936/2016. Customs values of rubber foam insulation pipe were...
View ArticleCentral Selection Board meeting soon
KARACHI: Establishment Division has intimidated Federal Board of Revenue (FBR) that the meeting of Central Selection Board (CSB) will be held shortly to consider promotion of Grade-20 officers into...
View ArticleSHC disposes off petition by Steel Bar importer, release ordered on declared...
KARACHI: A division bench of High Court of Sindh comprising Justice Munib Akhtar and Justice Anwar Hussain on Friday disposing of a petition filed by Shaikh Muhammad Ishtiaq, importer of steel bars...
View ArticleM/s Al-Moazzin Hajj Services granted 30-days stay FBR sends income tax of Rs...
KARACHI: The Appellate Tribunal Inland Revenue (ATIR) Karachi on Friday granted 30-day stay against the Federal Board of Revenue (FBR) who was struggling to recover an amount of Rs 8.3 million from M/s...
View Article