Customs Appellate Tribunal orders confiscation of liquor consignment of ISAF...
KARACHI: Customs Appellate Tribunal has ordered outright confiscation of a liquor consignment, which was imported by M/s ISAF forces in Afghanistan, but the consignment could not reach its destination...
View ArticleDirector Customs Valuation advised to re-determine values of zippers
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has temporarily fixed the customs values of cut-to-size Aluminum zipper (finished form) at $5.5/kg and advised Directorate of Customs...
View ArticleDirector General upholds Valuation Ruling No.889/2016
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has rejected the revision petition filed by M/s Fine Traders and others against the Valuation Ruling No.889/2016 and upheld the values of...
View ArticleCustoms Adjudication penalizes M/s BBJ Pipes Industries
KARACHI: Collector Customs Adjudication Dr. Shazia Ikram has penalized M/s BBJ Pipes Industries and clearing agent M/s Chanar Associates for attempting to evade government revenue through claiming...
View ArticleM/s Standard Enterprises penalized for under-invoicing
KARACHI: Collector Customs Adjudication Dr. Shazia Ikram has penalized M/s Standard Enterprises Pvt Ltd Faisalabad for mis-declaring the value of imported tyres and tubes to evade government revenue....
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Customs values of UPVC, CPVC, PPRC pipes and fittings revised
KARACHI: Directorate of Customs Valuation has revised the customs values of UPVC, CPVC, PPRC pipes and pipe fittings vide valuation ruling No.1001/2016. The customs values of UPVC, CPVC, PPRC pipes and...
View ArticleIshaq Dar chairs ECC meeting
ISLAMABAD: The Federal Minister for Finance Senator Mohammad Ishaq Dar chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet here at the Prime Minister’s Office. ECC has...
View ArticleSHC issue notice in SCRA filed by DG Custom Valuation for Jan 12
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtarand Justice Muhammad Humayun Khan on Wednesday ordered issuance of notice to Al-Amin Cera for Jan 12 in a Special...
View ArticleIndian Fabric case SCP suspends contempt notices against Customs, SHC grants...
KARACHI: An appellate bench of Supreme Court of Pakistan on Tuesday suspended contempt of court notices ordered by an appellate bench of High Court of Sindh against Director General, Customs Valuation...
View ArticleDirector General upholds customs values of brushes
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has rejected the revision petition filed by M/s Madni Traders and others and upheld the values of different kind of brushes determined...
View ArticleDirector General upholds customs values of photocopier machines
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has rejected the revision petition filed by M/s Premier Traders and others and upheld the values of photocopier machines determined vide...
View ArticleValuation guidelines notified
KARACHI: The Directorate General of Customs Valuation is actively pursuing ‘Tanveer Plan’ and the development of database values and issuance of reference values of importable items have started...
View ArticlePakistan Stocks Exchange (PSX) gains 242 points on Thursday
KARACHI: Pakistan stock exchange (PSX) gained 0.51 percent on Thursday to a new record high as institutional investors accumulated stocks ahead of year-end result announcement season on strong...
View ArticlePrincipal appraisers advised to submit ACRs
KARACHI: Federal Board of Revenue (FBR) has advised Chief Collector South that the annual confidential reports (ACRs) of four principal appraisers should be completed and furnished to the Board. Chief...
View ArticleSHC asks Customs to satisfy on mis-declaration dispute
KARACHI: An appellate bench of High Court of Sindh asked the respondent Customs officials of Directorate of Customs Intelligence (Enforcement) and MCC Appraisement West to satisfy the court about...
View ArticleContravention served on plastic scrap importers
KARACHI: Pakistan Customs has served contravention reports on several importers for importing plastic recycled flakes in violation of Import Policy Order through mis-declaration of description and HS...
View ArticlePreliminary macroeconomic data signals a stable growth momentum: SBP report
KARACHI: State Bank of Pakistan has today released its First Quarterly Report for FY17 on the State of Pakistan’s Economy. According to the report, preliminary macroeconomic data signals a stable...
View ArticlePakistan Stocks Exchange closes 2016 at 47,807 points
KARACHI: Pakistan Stocks Exchange (PSX) witnessed volatile trading on Friday as the year closes while index names saw selective interest with thin institutional participation primarily from foreign...
View ArticleMore valuation guidelines notified
KARACHI: The Directorate General of Customs Valuation is actively pursuing ‘Tanveer Plan’ and the development of database values and issuance of reference values of importable items have started...
View ArticleSHC orders release of soap consignment
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Muhammad Humayun Khan on Friday ordered release of the consignment of soap imported by petitioner...
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