SHC declines interim relief in Battery Operated Tricycle case
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Muhammad Humayun Khan on Friday declined an application seeking release of a consignment of Battery...
View ArticleCustoms Valuation notifies guidelines to avoid under-invoicing
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 ArticleKTBA request for extending Corporate, Non-corporate tax returns, statement...
KARACHI: KARACHI Tax Bar Association (KTBA) has requested the federal government to extend date for filing of Corporate , Non Corporate Tax Returns and Statements for the Tax Year 2016 till Jan 31....
View ArticleMCC Gwadar surpasses revenue target by 67 percent
KARACHI: Model Customs Collectorate (MCC) Gwadar has exceeded Revenue Collection over the assigned Target by massive 67% for the first half (July-December) of Financial Year 2016-17. Total revenue...
View ArticlePAPGAI oppose anti-dumping duty on offset printing ink.
KARACHI: The Pakistan Association of Printing and Graphic Arts Industry (PAPGAI) have strongly condemned the National Tariff Commission (NTC) for imposing anti-dumping duty on offset printing ink and...
View ArticleCustoms values of linear alkyl benzene sulphonic acid revised
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has revised the customs value of linear Alkyl Benzene Sulphonic acid at $1160/MT while the customs values of linear alkyl benzene...
View ArticleCCP initiates action against real estate company for deceptive marketing
ISLAMABAD: The Competition Commission of Pakistan (CCP) has issued show cause notice to a Lahore-based real estate company, M/s Vision Developers (Pvt) Limited, for prima facie deceptively marketing a...
View ArticleGovernment to help Brexit-hit horticultural exporters in Pakistan
KARACHI: Realizing the losses made to exporters of the country after the Brexit in Europe, federal government has agreed to help the exporters through exemption in taxes. Federal Minister of National...
View ArticleSHC to hear Alpine Marine Services suit on Jan 12
KARACHI: Justice Zulfiqar Ahmed Khan OF High Court of Sindh (SHC) on Tuesday while hearing an application for urgent hearing filed by Pakistan Customs, HQRS fixed Jan 12 as date for hearing of the...
View ArticleSHC orders release of empty bottle consignment
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Syed Hasan Azhar Rizvi and Justice Syed Faisal Kamal Alam disposing of a constitution petition filed by a petitioner Rehman...
View ArticleImport from Iran: MCC Quetta advocates level playing field for traders of...
KARACHI: MCC Quetta has approached Federal Board of Revenue (FBR) and forwarded recommendations of trade bodies, importers and local businessmen that customs values of goods imported from Iran via land...
View ArticlePakistan stocks witness slight correction
KARACHI: Pakistan Stocks Exchange (PSX) witnessed a slight correction on Wednesday as after crossing 49k mark, the benchmark index settled 0.25 percent down, dealers said. The KSE-100 shares index shed...
View ArticlePetition to revise customs values of bearings rejected
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has rejected the review petitions filed by M/s Inaya Impex and others and upheld the customs values of ball bearings determined vide...
View ArticleSHC disposes of Tricycle case, orders adjudication in 15 days
KARACHI: A division bench of High Court of Sindh (SHC) on Wednesday disposed of a petition filed by Farooq Corporation after the petitioner side agreed to pay all duty, taxes, and penalty for release...
View ArticlePakistan Customs posts 2.8 percent surge in revenue collection
KARACHI: The overall revenue collection by Pakistan Customs in the fiscal year so far i.e. six months (July-December 2016) stood at Rs535.9 billion, up 2.8 percent as against Rs521.3 billion in the...
View ArticleBuilding control authority becomes prime beneficiary of construction boom
KARACHI: Owing to lower commodity prices, there has been a boom in construction activities in the country, particularly in Karachi; but interestingly Building Control Authority appears to be the prime...
View ArticleTax amnesty in the pipeline to legalize undeclared foreign assets
KARACHI: Pakistan government is trying various measures to improve revenues and widen the tax net to ease the fiscal stress. Under the IMF program, Pakistan’s tax to GDP has improved to 12.4 percent...
View ArticleCustoms values of McCain French fries revised
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has revised the customs values of McCain brand potato frozen French fries Indian origin at $1.12/kg and MC Cain brand Spicy Peri Peri...
View ArticlePCA Karachi makes remarkable performance in 2016
KARACHI: The Directorate of Post Clearance Audit has made remarkable performance in the year 2016 and detected 22 cases involving revenue of Rs202.475 million. Post Clearance Audit headed by Director...
View ArticleHearing of 42 SCRAs’ on Jan 11
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Yousuf Ali Sayeed on Thursday issued notice in a Special Customs Reference Application (SCRA)...
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