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Author Archives: M. Faizan

DG Shaukat directs officials to file tax returns timely

ISLAMABAD: Following directions of the Federal Board of Revenue, Customs Intelligence and Investigation Director General Shaukat Ali has ordered all employees of grade 1 to 16 to submit receipts of filing of annual tax returns to the directorate. The employees who have taxable income will file their returns on a regular basis and submit receipts to the office, the DG ... Read More »

Islamabad Customs permitted to establish ‘Staff Welfare Shop’

ISLAMABAD: The Federal Board of Revenue has granted permission to the Model Customs Collectorate, Islamabad for establishment of the Staff Welfare Shop. Officials informed that consumer durables and other miscellaneous goods due for disposal shall be offered for sale in this shop. The FBR instructed the Islamabad Customs that operating procedure for the welfare shop will be strictly followed. A ... Read More »

FBR cancels PCA’s alerts on clearance of construction machinery

ISLAMABAD: The Federal Board of Revenue (FBR), in the response an alert by the Director Post Clearance Audit (PCA) regarding clearance of construction machinery, has written to all chief collectors and director generals vide OM on May 5, 2015 , informing them that the Ministry of Commerce has already clarified determination of HP of used and second hand prime movers ... Read More »

Customs Intelligence impounds non-duty paid Mercedez Benz from Bahria Town

ISLAMABAD: Directorate of Customs Intelligence and Investigation of the Federal Board of Revenue, Rawalpindi, has impounded a non-duty paid Mercedez Benz S-550 Model 2007 worth Rs 20.57 million. Sources told Customs Today that On November 21, 2016, Additional Director Customs I&I Abdul Waheed Marwat received information that a non-customs paid vehicle is being driven in Bahria Town. Soon after receiving ... Read More »

FBR Chairman Nisar reserves verdict in Abdul Qasim Johari case

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Nisar Mohammad Khan has reserved his decision after personally hearing a case against Inland Revenue Service officer Abdul Qasim Johari. Sources told Customs Today that Abdul Qasim Johari is facing charges of violation of official rules and regulations and using official authorities beyond his jurisdiction. Sources said that after conducting inquiry against the ... Read More »

M/s TCS, Smarzone case: Customs Adjudication issues ONO in favour of Customs Intelligence

ISLAMABAD: Collector Customs Adjudication Dr Akhtar Hussain issued Order in Original (ONO) in favour of Customs Intelligence and Investigations and directed M/s TCS and Smartzone to deposit evaded amount of taxes and duties amounting to Rs 50,8,72,654 at the earliest. Sources told Customs Today that after considering the contravention report submitted by Customs Intelligence and Investigation it was proved that ... Read More »

PCA issues alerts regarding clearance of construction machineries

ISLAMABAD: Directorate General of Post Clearance Audit (PCA) Headquarters Director Dr. Kamal Azhar Minhas has alerted all chief collectors of Customs Central, North and South Regions to the clearance of used transport equipment, cement bulkers and prime movers in Terms of IPO 2013. In his alert letter to chief collectors, he has said that under para 9 (ii) (5) of ... Read More »

FBR set to notify prices of fertilizers in retail packing

ISLAMABAD: The Federal Board of Revenue (FBR) has taken serious notice of the high prices of fertilizers in retail packing and is considering a proposal to notify zones in this regard. According to sources, a high level meeting was held in the FBR headquarters. The meeting was presided over by FBR Chairman Nisar Mohammad Khan, and was also attended by ... Read More »

FBR launching operation to broaden tax net

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to launch an operation against tax evaders and bring the potential taxpayers into the tax net. The board has also decided to increase the powers of the Broadening of Tax Base commissioners. Customs officials told Customs Today that the department has asked Member Land Revenue Operation Dr Muhammad Arshad to organize a ... Read More »

FBR to file intra-court appeal against LHC verdict

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to file an intra-court appeal  against the  decision of a single bench of the Lahore High Court (LHC) in which the court declared  SRO 608 (1)2014 as ultra vires and having been incompetently issued. Member Inland Revenue Rehmatullah Khan Wazir told Customs Today that the decision could cause revenue shortfall of ... Read More »

Customs Adjudication sets priorities for expediting process: Imran Chaudhary

ISLAMABAD: The Customs Adjudication has set its priorities under which all pending cases will be decided by the end of December, while delaying tactics adopted by the lawyers will be discouraged to make the process speedy. Islamabad Customs Adjudication Additional Collector Imran Chaudhary stated this while talking to Customs Today during an interview. He added that the cases would not ... Read More »

Chairman FBR Nisar summons BS-18 official Hanan Baloch on November 29

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Nisar Mohammad Khan has summoned BS-18 official Hanan Baloch on November 29 to explain his point of view on charges leveled against him. Sources told Customs Today that Member Administration FBR Majid Qureshi suspended the performance allowance of the official due to poor performance. Sources said that Hanan Baloch was facing charges of ... Read More »

FBR collects Rs 94 billion till November 15   

KARACHI: The Federal Board of Revenue (FBR) has failed to fulfill its target of tax recoveries during the previous months of this fiscal year and the shortfall is increasing every month. The FBR officials told Customs Today that the department recovered Rs 952 billion during the previous months while in the same period the department during fiscal year 2105-16 the ... Read More »

FBR chief directs IT officials to improve system in consultation with stakeholders

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Nisar Mohammad Khan has directed IT member and Pakistan Revenue Automation Limited (PRAL) chief executive officer to have consultation with field formations, taxpayers and other stakeholders before upgrading the IT infrastructure. The chairman also directed them to eliminate impediments highlighted by the Inland Revenue-Operations Member Dr Muhammad Arshad and IR-Policy Member Rehmatullah Wazir ... Read More »

DG Shaukat assigns Maryam Khalid charge of anti-money laundering

ISLAMABAD: Customs Intelligence and Investigation Director General Shaukat Ali tasked Assistant Director Headquarters Maryam Khalid with curbing money laundering. The DG has assigned her complete authorities in this regard, besides giving her the charge of all under-trial money laundering cases. Customs Intelligence Deputy Director Khaldun ul Haq following the instruction of the DG has issued notification regarding the new assignment ... Read More »

Smuggled goods, vehicles worth Rs 1070.41m seized in four month: Additional Director Abdul Waheed

ISLAMABAD: Directorate of Customs Intelligence and Investigations Additional Director Abdul Waheed Marwat has said that the Customs Intelligence seized smuggled goods and non-duty paid vehicles worth Rs 1,070.41 million during first four months of the fiscal year 2016-17. During an exclusive interview with Customs Today, Additional Director Waheedullah Marwat said that his directorate arrested nine persons and registered 393 cases ... Read More »

Nisar Khan making hectic efforts to overcome revenue shortfall

ISLAMABAD: Following direction of Finance Minister Ishaq Dar, Federal Board of Revenue (FBR) Chairman Nisar Muhammad Khan has initiated hectic efforts to meet the revenue targets for running fiscal year and overcome the prevailing shortfall. The chairman has also directed all chief commissioners and chief collectors to take extra-ordinary measures for enhancing revenue collection in order to overcome the shortfall. ... Read More »

FBR Chairman Nisar to hear case of Tahir Gul today

ISLAMABAD: Federal Board of Revenue Chairman Nisar Muhammad Khan today will hear a case of Auditor Tahir Gul, who is facing punishment of freezing of performance allowance and expel from job due to violating rules and regulation, and negligence. This penalty was recommended by Administration Member Muhammad Majid Qureshi following an inquiry report against the official. The member received various ... Read More »

FBR Member Policy IR Rehmatullah Wazir to attend seminar at LCCI today

ISLAMABAD: Member Federal Board of Revenue Inland Revenue Policy Rehmat Ullah Khan Wazir will visit Lahore Chamber of Commerce and Industry (LCCI) on Saturday (today) and will attend a seminar on Viability of Flat Taxation in Pakistan. According to details officers from Regional Tax Office, Large Taxpayers Unit (LTU) Lahore and Corporate Regional Tax Office will also participate in the ... Read More »

Peshawar Customs seizes smuggled items worth Rs21m from Hayatabad

ISLAMABAD: Directorate of Customs Intelligence & Investigation Peshawar in coordination with the Khyber Pakhtun Khawa police has seized Rs21 million smuggled and non duty paid goods like, air conditioned, foreign origin cloth, cylinder heads, LED and electronic kettles. Sources told Customs Today that in pursuance of an information anti smuggling staff with the help of KPK police intercepted a truck ... Read More »