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Home / Author Archives: Mahmood Idrees

Author Archives: Mahmood Idrees

Unreal E3 Awards to lay emphasis on VR experiences built with Unreal Engine 4

TOKYO: Unreal E3 Awards by GamesBeast, a new awards system spearheaded by GamesBeat itself that will place a strong emphasis on recognising virtual reality (VR) experiences built with Unreal Engine 4. The Unreal E3 awards will be distributed throughout next week’s show. Any Unreal Engine project on display at the event is eligible to win. In terms of VR, there’s ... Read More »

DG Samaira Nazir seeks KCCI’s advice on assessing realistic valuation rulings  

KARACHI: Pakistan Customs Directorate of Customs Valuation Director General Samaira Nazir Khan has said that Directorate of Customs Valuation was trying its best to facilitate the commercial importers and, despite limited resources and workforce, the directorate was striving hard to quickly resolve various issues pertaining to valuation rulings being faced by the business community of Karachi. In this regard, a ... Read More »

Appellant Tribunal Lahore adjourns case of L&N International

LAHORE: The Custom Appellant Tribunal Lahore heard the appeal of L&N International on Tuesday against the Lahore collectorate. As per the details, Judicial Member Omer Arshad heard arguments of counsels of both sides. The L&N International filed an appeal against the Order-in- Original (ONO) issued by the Lahore collectorate in which penalties were imposed on it over non-compliance with the ... Read More »

RTO-I chief directs all staff to mark biometric attendance

LAHORE: Federal Board of Revenue (FBR) Regional Tax Office-I Lahore Chief Commissioner Waqar Ahmad has directed all staff to use biometric machines while exiting or entering the office. Sources said that the authorities have taken such measures to observe the attendance of employees in the office. They said that some employees left the office just after marking the attendance in ... Read More »

FBR must bring unregistered soap manufacturers into tax net

LAHORE: The number of unregistered soap manufacturers was increasing day by day that must be brought into the tax net to overcome the loss to national exchequer. Talking to Customs Today, an official of the Federal Board of Revenue (FBR) said a number of factories were being run in residential areas to avoid taxes, causing a huge loss to national ... Read More »

Pakistan exports to India via Wagha Border stand at Rs 839m during Feb

LAHORE: Pakistan has exported items worth Rs 839 million to India during February 2015 via Wagha Border Lahore. As per available documents, Pakistan exported fruits, salt, cement, gypsum, glass, woven fabrics, scrap of rubber etc to India. According to details, Pakistan has exported 7283 metric ton fruits (H.S code 804-1020) to India worth Rs 342 million. On the other hand, ... Read More »

Customs Appellant Tribunal Bench-I adjourns case of Sansaua Traders for another month

LAHORE: Customs Appellant Tribunal Lahore Bench-I has adjourned the case of Sansaua Traders for one month here on Wednesday proceedings. As per details, Sansaua Traders had filed four appeals; number 295, 296, 297, 298 in the tribunal against the Lahore Customs Collectorate decision. Sources said that company had been penalized on the tax evasion by the Lahore Adjudication. Tribunal Bench-I ... Read More »

Lahore: Land Freight Unit clears consignments from India worth Rs 2.05 billion through WeBOC

LAHORE: Pakistan Customs Land Freight Unit Lahore has cleared imported consignments from India worth Rs 2.05 billion through newly launched software Web Based One Customs (Weboc). As per detail, authorities at LFU Wagha were shifting the items to Weboc from One Customs the old software, in multi stages. At first step, Customs only shifted the clearance of soya bean over ... Read More »

LTU sends ADC Aftab for training program

LAHORE: Additional Commissioner Headquarters Large Taxpayer Unit (LTU) Lahore, Aftab Alam has been sent for training program. As per details, Additional Commissioner Muhammad Irfan has assumed the charge as the replace of Alam here on other day. Sources said that Alam may join LTU or other department of FBR after the completion of training program. Read More »

Customs agents praise friendly atmosphere at LFU Wagha

LAHORE: Customs agents and traders praised the facilities provided by the Pakistan Customs authorities at Land Freight Unit (LFU) Wagha. Talking to Customs Today, customs agents said that friendly relations among traders, agents and official authorities led to growth in trade activities that generated revenue for the government along with job opportunities for the youth. They said that all players ... Read More »

WHT zone attaches bank account of Amir Steel Mill, recovers evaded tax

LAHORE: The Federal Board of Revenue (FBR) Withholding Tax (WHT) zone of Regional Tax Office (RTO) Lahore has recovered Rs 0.3 million by attaching a bank account of a tax evader. Sources said that tax evader Amir Steel Re-rolling Mill had not been depositing the due tax for more than a year. The WHT zone issued many notices to the tax ... Read More »

40 betel leaf importers move Customs Appellant Tribunal against decision of customs collector

LAHORE: The Customs Appellant Tribunal Lahore has received 40 appeals of betel leaf importers against the decision of the Customs Adjudication collector. As per detail, Pakistan Customs authorities have announced penalties for importers of betel leaf if found involved in tax evasion, as many betel leaf importers were allegedly found in tax evasion. Betel leaf importers have lodged appeals against ... Read More »

Lahore RTOs ask audit zone to expedite pace of work to clear assigned cases

LAHORE: Authorities concerned at the Regional Tax Offices (RTOs) have directed the tax auditors to expedite the audit of assigned cases. Sources said that the FBR had allocated tax cases to all regional offices after computerised balloting for auditing. They said that the sales tax and the income tax audit zones have almost completed the audit work of more than 50 percent ... Read More »

Land Freight Unit Wagha collects Rs 475 million tax during February

LAHORE: The Pakistan Customs’ Land Freight Unit (LFU) at Wagha has collected nearly Rs 475 million tax revenue during February under the head of sales tax, duty tax and income tax. As per details, the Pakistan Customs in February received almost Rs 8 million less than the collections of January, which stood at Rs 483 million. The LFU Wagha collected Rs ... Read More »

FBR officials praise Chairman Tariq Bajwa for being unimpressed from influential tax evaders

LAHORE: The Federal Board of Revenue (FBR) Intelligence and Investigation staff praised the statement of FBR Chairman Tariq Bajwa against political influence in the investigations of tax evasion cases. Talking to Customs Today, an official requesting anonymity said that the FBR could get more revenue than the set target of Rs 2.691 trillion by taking nondiscriminatory measures against the powerful tax ... Read More »

Lahore: RTO-II collects Rs 5 billion tax against set target of Rs 5.1 billion for February

LAHORE: The Federal Board of Revenue (FBR) Regional Tax Office-II (RTO-II) Lahore, as per provisional statistics, has collected about Rs 5 billion during the month of February 2015. As per details, the RTO-II was given a target of Rs 5.1 billion for February, which has almost been achieved. Sources within the RTO-II said that the tax office will achieve its target for ... Read More »

Low ratio of under-invoicing at LFU Wagha due to transparent mechanism

LAHORE: The number of cases related to under-invoicing and mis-declaration are very low at Pakistan Customs’ Land Freight Unit (LFU) Wagha due to a transparent mechanism. Talking to Customs Today, an official said the ratio of under-invoicing and mis-declaration cases is higher at the Air Freight Unit and dry ports than the LFU Wagha. He said that consignments were checked ... Read More »

Land Freight Unit staff at Wagha Border warned against absence from Passenger Facilitation Centre

LAHORE: The authorities at the Pakistan Customs Land Freight Unit Wagha have warned the staff against unauthorised absence from their duties. Sources said that the authorities have observed that some officials were absent from their duties at the Passenger Facilitation Centre Wagha when Additional Collector Sadia Muneeb and Deputy Collector Tauqeer Dar paid a visit there. After the observation, the ... Read More »

Lahore: RTO converts Union office into Prosecution branch

LAHORE: The Federal Board of Revenue Regional Tax Office Lahore has allocated the office of the FBR employees’ union to the Investigation and Prosecution Branch by vacating it from union. As per detail, the authorities of the RTO Lahore issued official order regarding the allocation of the prosecution branch at the place of union office here on Saturday. Authorities said ... Read More »

RTO declares mandatory for employees to display official card during office timings

LAHORE: Federal Board of Revenue (FBR) Regional Tax Office (RTO) Lahore Additional Commissioner Headquarter Amir Ameem Bhatti has declared it mandatory for all employees to display official card during duty timings. As per details, ADC Bhatti issued the notice here on Monday to all the RTO staff. He said in his order that all employees should get their office cards ... Read More »