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Author Archives: M. Faizan

FBR for exempting charitable hospitals from NOC for importing medical equipment

ISLAMABAD: The Federal Board of Revenue has suggested in the budget the proposals that import of machinery, equipment, apparatus, appliances, instrument, wheelchairs, medical, surgical and dental furniture by the charitable non-profit making institutions, operating hospitals of 50-bed or more than 50-bed hospitals run by the federal or a provincial government, will no longer need to obtain No Objection Certificate from ... Read More »

Customs intelligence impounds Prado valued Rs08.5m

ISLAMABAD: Directorate General Customs Intelligence and Investigation Federal Board of Revenue Rawalpindi impounded a non-duty paid Toyota Land Cruiser Prado, Model 2002, worth Rs8.5 million. On a tip-off, the staff of the Directorate of Intelligence and Investigation FBR Rawalpindi intercepted the said Prado with a registration plate No. LL-7723 (ICT Islamabad) having chassis No: VZ1121 0001871, Engine No. 5VZ FE ... Read More »

Taxable income limit increased from Rs0.4m to Rs0.5m

ISLAMABAD: The Federal Board of Revenue has decided to increase the limit of chargeable income for the salaried and non-salaried persons and associations of persons in the Budget 2017-18. According to the Federal Board of Revenue sources, due to increase in inflation and received proposals from business community, trade bodies and chambers, the Federal Board of Revenue has decided to ... Read More »

FBR requested to assign five customs officers at PCA HQ

ISLAMABAD: The Directorate General Post Clearance Audit Headquarters Islamabad has requested the Member, Federal Board of Revenue, Zahid Khokhar for posting at least five experienced customs officials at the PCA Headquarters for handling the prosecution cases. Due to acute shortage of staff at the PCA, the Directorate General is unable to prosecute the cases in the customs special court. According ... Read More »

Rawalpindi customs confiscates smuggled goods valued Rs01.970m

ISLAMABAD: The Directorate of Customs Intelligence and Investigation FBR Rawalpindi has seized the non-duty paid and smuggled miscellaneous goods including general air-conditioner (Split Type), Foreign Origin ladies suiting cloths weighed 1,508 kg, cloths weighed 700 kg, Foreign Origin Massey Ferguson Engine Oil, Tri Yang Iron Pad Lock measured 25 mm, Guanmao Cross Lock Atomic Lock measured 38 mm, foreign led ... Read More »

Govt should declare Customs as law enforcement agency: Ikhlaq Khattak

ISLAMABAD: Chief Customs FBR Ikhlaq Ahmad Khattak has said that Pakistan Custom is working in challenging and difficult environment as 18 Customs officials have been martyred and more than 11 others injured for the last one year. During an exclusive interview with Customs Today, Ikhlaq Ahmad Khattak said that Federal Board of Revenue has decided to move a summery through ... Read More »

Rehmatullah to head FBR if Dr Irshad not given extension

ISLAMABAD: The Chairman Federal Board of Revenue Dr. Muhammad Irshad will be retired on 23rd April (tomorrow) and in case the governments need his services then he will be hired again on contract basis because in the light of Supreme Court decision government cannot give extension to any government official. According to the sources, Federal Finance Minister Ishaq Dar had ... Read More »

FBR Member Operations Rehmatullah Wazir in Japan to attend IMF tax moot

ISLAMABAD: Federal Board of Revenue (FBR) Member Operation Rehmat Ullah Khan Wazir has left for Tokyo on a two-day visit to represent Pakistan at 8th International Monetary Fund Japan high level tax conference for Asian countries. The Ministry of Finance Japan is co-hosting the conference in which international taxation will be discussed from the perspective of tax policy and tax ... Read More »

PCA files another FIR against H. Ali Construction Co on charges of tax evasion, mis-declaration

ISLAMABAD: Directorate General Post Clearance Audit (PCA) Headquarter has lodged a 2nd FIR No. 04/2017 against M/s H. Ali Construction Company Mughalpura, Lahore on the charges of tax evasion and mis-declaration under section 2 (s), 16, 32 and 79 of the Customs Act, 1969 and seized two more imported used prime movers worth Rs 5.43 million. According to details, Directorate ... Read More »

DG Post Clearance Audit facing acute shortage of staff

ISLAMABAD: Directorate General Post Clearance Audit Islamabad is facing acute shortage of staff and therefore directorate performance is likely to be affected. According to the sources, Director Post Clearance Audit Dr. Kamal Azhar Minhas has informed Chief Management Customs Federal Board of Revenue through a letter regarding severe shortage of the staff. Dr Kamal informed the FBR that currently the ... Read More »

Member IR Policy Dr Iqbal leaves for Dubai to participate in talks with IMF officials

ISLAMABAD: Member Inland Revenue Policy Dr Muhammad Iqbal has left for Dubai to take part in week long consultations with the International Monetary Fund, while Federal Board of Revenue Chairman Dr Muhammad Irshad will leave for UAE on April 2. The finance minister will join the Pakistan delegation in the final stage of consultations with the IMF. The chairman and ... Read More »

Human Resource Management to introduce new structural reforms in FBR: Rozi Khan Burki

ISLAMABAD: Federal Board of Revenue (FBR) Member Human Resource Management (HRM) Rozi Khan Burki has said that the board has assigned him a task to introduce structural reforms in the tax collection system. During an exclusive interview with Customs Today, Burki said: “I have proposed that the number of FBR members should be reduced and director generals should be placed ... Read More »

Customs Intelligence impounds non duty paid cloth worth Rs2.34m from Mandra

ISLAMABAD: Directorate General Customs Intelligence & Investigations Rawalpindi has seized the non duty paid smuggled foreign origin cloth worth Rs2.34 million. According to sources that Directorate General I&I received credible information from the Deputy Director Customs I&I Rawalpindi, that foreign origin cloth would be smuggled from Rawalpindi by a truck bearing registration no.BST-654 to check the veracity of information, a ... Read More »

FBR activates Alternative Dispute Resolution committees to cope with pending cases

ISLAMABAD: The Federal Board of Revenue (FBR), on the advice of the Tax Reforms Commission (TRC), has activated Alternative Dispute Resolution (ADR) committees under the existing legal framework, in view of the fact that presently 27,000 appeals are pending before the Appellate Tribunal Inland Revenue (ATIR) and 5,000 cases before the Customs Tribunal. It may be added that approximately 13,000 ... Read More »

Member Operations IR Rehmatullah Wazir vows to raise withholding tax ratio up to 30pc till June

ISLAMABAD: Member Operations Inland Revenue Rehmat Ullah Khan Wazir has said that though 22 percent growth in withholding tax is very good, there is still need to take measures to improve revenue collections. “I have directed all the withholding commissioners to raise the ratio up to 30 percent till the end of June, move forward and do more work,” he ... Read More »

FBR has no plan to reduce revenue targets: Dr M Iqbal

ISLAMABAD: Member Inland Revenue Policy and Spokesperson for Federal Board of Revenue Dr. Muhammad Iqbal ruled out a review on the tax revenue targets for the Financial Year 2016-17. We believe that the Federal Board of Revenue has a capacity to meet the revenue challenges. We will utilize all resources and efforts to reach the revenue targets. He expressed these ... Read More »

DG PCA Sumaira Nazir orders stern action against five fake construction companies

ISLAMABAD: Director General Post Clearance Audit Sumaira Nazir has refused to accept any pressure and influence on the scam of five fake importer construction companies. She has directed the officers concerned to register cases against the companies in accordance with the relevant provisions of the Customs Act 1969. According to sources, a group of retired senior officers approach the authorities ... Read More »

Customs Intelligence unearths tax evasion of Rs 10m by M/s Mayo Enterprises Lahore

ISLAMABAD: Directorate General Customs Intelligence and Investigation, Federal Board of Revenue has detected another case of duty and tax evasion amounting to more than Rs 10 million at the Air Freight Unit of Benazir Bhutto International Airport, Islamabad, allegedly by the importer firm M/s Mayo Enterprises Ferozepur Road Lahore. According to the sources, the Directorate General received information that M/s ... Read More »

Customs detains non-duty paid Hino truck worth Rs 7m during road checking

ISLAMABAD: Directorate General Customs Intelligence and Investigation Islamabad has detained a non-duty paid used Hino truck Model 2002 bearing registration No GZRA 1623, chassis no. FDIJME 10349 worth Rs 7 million. According to the details, the special car cell received information that a Hino truck was plying in the limits of Islamabad. After receiving the information, a team of special ... Read More »

Haroon, Irshad laud performance of DG Intelligence and Investigation

ISLAMABAD: Special Assistant to Prime Minister on Revenue Haroon Akhtar Khan and FBR Chairman Dr. Muhammad Irshad reviewed the performance of the Directorate General of Intelligence and Investigation the other day. Sources told Customs Today that the visit was of prime significance keeping in view the recent unprecedented performance of the Directorate General in all fields of responsibilities. Director General ... Read More »