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large-scale investigations initiated into the affairs of toy importer

KARACHI: MCC Port Qasim has served a Show Cause Notice on M/s Xing Enterprises, a toys importer based in Punjab, for attempting to evade duty and taxes through mis-declaration on a certain...

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DG Transit Trade detects largest ever case of US Army reverse cargo pilferage...

KARACHI: The efforts of the Directorate General of Transit Trade have yielded results as the authorities have found solid evidence of pilferage of goods off the US Army reverse cargo and detected the...

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US Army reverse cargo pilferage; FIR lodged drivers of 11 vehicles arrested

KARACHI: The Directorate General of Transit Trade has lodged FIR pertaining to 21 containers of US Army reverse cargo, which were emptied in the country, drivers of 11 vehicles on which these...

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WeBOC module on Safe Transportation to be implemented by May 29th

KARACHI: The WeBOC Module on Safe Transportation is ready for deployment and is scheduled for implementation/rollout with effect from May 29, 2015. The Safe transportation module shall only cater to...

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Belarussian investors facing harassment

KARACHI: Senior Belarussian businessmen who are bringing vital tractor manufacturing technology and investment into Pakistan are unfortunately facing harassment and threats in Pakistan. The foreign...

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Customs values of Capacitor revised

KARACHI: The Directorate General of Customs Valuation has determined the values of Capacitor vide Valuation Ruling No.734/2015. Earlier, customs values of Capacitor were determined in 2014. Numerous...

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Customs values of Toilet Soap revised

KARACHI: The Directorate General of Customs Valuation Abdul Rashid Sheikh has determined the values of Toilet Soap vide Valuation Ruling No. 737/2015. Customs values of Toilet Soap were determined in...

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Module for automated E-Form, Bank Credit Advice prepared

KARACHI: The Customs authorities in consultation with bankers fraternity and State Bank of Pakistan has developed the module of E-Form/ Bank Credit Advice (BCA), which would eliminate the menace of...

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Investigations into US Army/NATO/ISAF cargo progress; sensitive agencies...

KARACHI: The investigations into the pilferage of US Army/Nato/ISAF cargo in Pakistan have unveiled astonishing as well as alarming aspects, which make it even a sensitive case. The Directorate General...

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Tribunal rejects PQA’s appeal, advises PQA to pay duty/taxes along with penalty

KARACHI: The Customs Appellate Tribunal has upheld the order passed by Customs Adjudication against M/s Port Qasim Authority (PQA) and advised the authority to pay the leviable duty/taxes and the...

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IHC vacates stay against CSB promotion recommendation

KARACHI: The Islamabad High Court has vacated the stay granted against the promotion list recommended by the Central Selection Board (CSB) and now the recommended officers would be upgraded shortly....

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Customs raid Bol office on reports regarding presence of non-duty-paid...

KARACHI: The Directorate of Customs Intelligence and Investigation raided the head office of Bol Media in Karachi under Section 162 of Customs Act, 1969. Earlier, Bol Media had been issued a notice...

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SHC orders release of guarantees against release of consignments proved to be...

KARACHI: The High Court of Sindh has ordered release of bank guarantees deposited with the Nazir of the Court against release of consignments as these consignments were proved to be Ally steel in the...

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Admissibility of SRO 1125(I)/2011; LTU seeks clarification from Member IR...

KARACHI: The MCC Appraisement East has framed contravention cases to the tune of Rs1.046 billion against those who misused SRO 1125(I)/2011. Importers of raw and ginned cotton filed various petitions...

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Transit of US Army/NATO/ISAF cargo becomes weapon of anti-Pakistan forces

KARACHI: Several foreign agencies are pro-active pursuing their agenda to destabilize Pakistan and the transit of US Army/NATO/ISAF cargo has become their biggest weapon. Sources said that the US...

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FBR notifies promotion of 21 BS-19 PCS officers into BS-20

KARACHI: The Federal Board of Revenue FBR) has notified promotions of BS-19 officers of Pakistan Customs Service into BS-20. As many as 21 BS-19 officers have been promoted including Dr. Ahmed Mujtaba...

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Pilferage of US Army/NATO/ISAF cargo; Customs acquires further remand of...

KARACHI: The Directorate General of Afghan Transit Trade (ATT) has acquired another 7-day remand of the accused arrested in the case of pilferage off US Army/NATO/ISAF transit cargo. Investigations in...

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Revenue collection by Pakistan Customs surges in 11 months

KARACHI: The Customs duty collection by Pakistan Customs surged by 22.5 percent to Rs223.598 billion during first 11 months ended May 31, 2015 as compared with the collection of Rs182.526 billion in...

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FBR notifies promotion of IRS and PCS officers into higher grades

KARACHI: The Federal Board of Revenue (FBR) has notified promotions of BS-19 and BS-20 officers of both Pakistan Customs Service (PCS) and Inland Revenue Service (IRS). According to details, 20...

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FBR (HQ) to go off-grid on June 03 till the end of budget speech

KARACHI: Due to budget announcement on June 05, 2015, restrictions on the access of servers, information system running at FBR (HQ) will come in force from 1600 hours on June 03 till the end of budget...

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