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Home / Author Archives: M Hayat

Author Archives: M Hayat

FBR introduces fiscalization solution for Tier-1 retailers

LAHORE: Federal Board of Revenue (FBR) has introduced fiscalization solution for Tier-1 retailers as envisaged under section 2(43-A) of the Sales Tax Act, 1990 in the guise of Point of Sales(POS) integration with FBR’s computerized system for submission of sale invoice on real time basis. A seminar in this regard was conducted by Regional Tax Office-II, and all the stakeholders ... Read More »

FBR starts crackdown against benami assets in Punjab

LAHORE: Federal Bureau of Revenue (FBR) launched crackdown against benami (undeclared) properties and vehicles in Punjab province. According to sources these raids were carried out in Lahore and Faisalabad areas of the province to confiscate undeclared properties and vehicles. “Properties worth Rs 150 million were confiscated in Faisalabad,” said the inspector without elaborating the number of properties. He further said that ... Read More »

All measures will be taken for smooth operation of IRIS system: FTO Mushtaq Sukhera

LAHORE: Pakistan Tax Bar Association (PBA) and Lahore Tax Bar Association (LTBA) office bearers met Federal Tax Ombudsman (FTO) Mushtaq Ahmad Sukhera, PTBA and LTBA and ex-president Naeem Shah, PTBA former general secretary Rana Munir, PTBA senior vice president Habibur Rehman Zubari, general secretary Ferhan Shahzad, finance secretary Shahbaz Sidique, vice presidents Sohail, LTBA Khuram Shabaz Butt, Vice President Ashiq ... Read More »

Punjab to move center for removal of customs duty, taxes on import of air cleaners, face masks

LAHORE: The Punjab finance ministry is all set to move the federal government for removal of customs duty and other taxes on import of air cleaners, face masks and scribers used for safety from the smog.  This was stated by Provincial Finance Minister Hashim Jawan Bakht while presiding over a review meeting of disbursement-linked indicators of Punjab Green Development Programme ... Read More »

Customs Preventive impounds smuggled POL products from Multan Road

LAHORE: Collectorate of Customs Preventive team impounded huge quantity of smuggled POL products during intelligence based operation (IBO) from Multan Road. Sources told Customs Today that Collector Customs Preventive Ahmad Rauf received credible information about smuggling of POL products. After receiving the above said information the Collector directed Additional Collector Muhammad Ashfaq and Assistant Collector Salman Javed to enhancing patrolling ... Read More »

Customs Preventive team recovers welding electrodes worth Rs20m from Brandreth Road

LAHORE: Collectorate of Customs Preventive team recovered huge quantity of welding electrodes worth Rs20 million during a raid. Sources told Customs Today that Collector Preventive Ahmad Rauf received credible information that huge quantity of welding electrodes are dumped in a godown located at Brandreth Road. He immediately constituted a raiding team under the supervision of Additional Collector Ashfaq Khan, Assistant ... Read More »

Customs AIIA foils bid to smuggle foreign currency

LAHORE: Collectorate of Customs Allama Iqbal International Airport (AIIA) foiled a bid to smuggle to foreign currency worth Rs291m. Sources told Customs Today that Collector Customs Basit Maqsood Abbasi received credible information about smuggling of foreign currency. He immediately alerted customs staff to enhance checking of passengers going abroad through foreign airlines. The customs team intercepted a passenger Muhammad Sabir, ... Read More »

Customs I&I starts forensic test of truck used in smuggling

LAHORE: Directorate of Customs Intelligence and Investigation has started forensic test of the vehicles being used for transportation of the smuggled good and articles. Sources told Customs Today that the Customs Intelligence and Investigation authorities have started forensic test of the truck that brought illegally dry fruits to Lahore from Quetta. The sources said that the truck being used for ... Read More »

Modern techniques can bring revolutionary improvement in agriculture: Arif Alvi

LAHORE: President of Pakistan Arif Alvi has said that modern agricultural techniques of China can bring a revolutionary improvement in agriculture sector of Pakistan.  He was speaking at the inaugural ceremony of 5th CAC Pakistan Exhibition at Expo Center, Thursday. LCCI President Irfan Iqbal Sheikh, Senior Vice President Ali Hussam Asghar, Vice President Mian Zahid Jawaid Ahmad, Chairperson of China ... Read More »

Member Customs directed to ensure adequate training for officers

LAHORE: Federal Board of Revenue (FBR) Chairman Syed ShabbarZaidi directed Member Customs Operations Dr. Jawwad Awais Agha to ensure adequate training sessions for customs officers. He said that the Global Travelers Assessment System (GTAS) will enable Customs to achieve the “Invisible Customs approach” with least presence at airports while facilitating the genuine passengers. The Chairman has also directed Member Customs ... Read More »

Pakistan Customs enhances integration of agencies in WeBOC

LAHORE: Pakistan Customs has enhanced the integration of various agencies in the Web-Based One Customs (WeBOC) electronic system and ensured coordination of joint physical inspections at the port, Customs Today has learnt. A source told that Lahore Customs increased transparency of the land administration system by publishing its fee schedule online, they said adding that earlier Pakistan continues to perform ... Read More »

Customs Appraisement detects tax evasion by M/s Importro Clearing Agents Skills Int’l

LAHORE: Collectorate of Customs Appraisement Mughalpura Dryport foiled a bid of mis-declaration by M/s Importro Clearing Agents Skills International. Sources told Customs Today that customs authorities detected an attempt to evade over Rs 5 million duty and taxes by the agency. The customs sources said that the agency imported two containers of motor fans and aluminium wires. The dry port ... Read More »

Customs Enforcement collects Rs 20955m duty and taxes

LAHORE: Collectorate of Customs Enforcement has collected over Rs20955 million duty and taxes during the ten months of financial year 2019-20 (July to October). Sources told Customs Today that the customs enforcement collected Rs 20123 million duty and taxes against the purposed target for the period under review from the Allama Iqbal International Airport. Similarly the collectorate collected Rs 691 ... Read More »

Customs Lahore new recruitment underway

LAHORE: New recruitment in Pakistan Customs, as per instructions of the Federal Board of Revenue, is under process. As per policy of the government, a transparent merit based procedure has been adopted for recruitment in different cadres of Pakistan Customs. The Federal Board of Revenue has engaged Open Testing Service (OTS), for initial screening, skills test and written test for ... Read More »

Customs ASO generates Rs24m through auction of goods, vehicles

LAHORE: Collectorate of Customs Preventive, Anti-Smuggling Organization (ASO) has generated through auction of non-duty paid goods and vehicles on Friday. Sources told Customs Today different non-duty paid goods and vehicles which were impounded during different anti-smuggling operations were presented for auction. These goods includes generators, cloth and other miscellaneous item. Sources told that Rs10 million were generated through auction of ... Read More »

Customs Appraisement collects Rs36850m duty, taxes

LAHORE: Collectorate of Customs Appraisement has collected over Rs36850 million duty and taxes during the ten months of financial year 2019-20 July to October. Sources told Customs Today that the Customs Collectorate of Preventive collected Rs26739 million all duty and taxes against the purposed target for the period under review from the Appraisemnt Lahore. Similarly the Collectorate collected Rs11176.97 million ... Read More »

Passengers for Customs Desk at Allama Iqbal Int’l Airport

LAHORE: Passengers using the Allama Iqbal International Airport have urged the Customs authorities to install Customs Desk at the airport. Talking with Customs Today they said that the desk will help the passengers to understand the quantity which they can keep with them and the goods and articles which they can take along with them duty free. They were of ... Read More »

FBR I&I takes action against three business units in Gujranwala

LAHORE: In continuation of a drive against un-registered persons involved in making taxable supplies who are liable to be registered under the Sales Tax Act, 1990, the Directorate of Intelligence and Investigation-Inland Revenue, Lahore has carried out action under Section 38 and 40 of the Sales Tax Act, 1990 after obtaining search warrants from the Area Magistrate against the manufacturing/business ... Read More »

Punjab govt urged to set up central truck terminal in Lahore

LAHORE: Progressive Group of the Lahore Chamber of Commerce & and Industry (LCCI) has urged the Punjab government to set up a state of the art central truck terminal in Lahore equipped with the entire required infrastructure to help traders transport their goods to Karachi and other parts of the country safely and swiftly. On Wednesday, Progressive Group’s President and ... Read More »

FBR holds outreach education & training  seminars

LAHORE: As the due date for filing return of income for the tax year 2019 is drawing nearer, outreach education and training seminars/workshops arranged by Regional Tax Office-II, Lahore are gaining momentum.  Kiosks and return receipt countershave been established at all prominent commercial areas of Lahore, Kasur, Sheikhupura and Nankana. In order to ensure optimum filing of returns from out ... Read More »