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Author Archives: Mubeen Hussain

Chairman Nisar for transparent investigations into Panama Leaks scandal

KARACHI: Federal Board of Revenue (FBR) Chairman Nisar Muhammad Khan has directed to keep the investigation process against the people involved in Panama Leaks scandal transparent. As per details, Chairman Nisar Muhammad Khan issued these directions during a short visit to Karachi where he held several meeting with the different heads of the departments in the Customs House, Karachi. During ... Read More »

Pak-Afghan trade to resume today through Chaman border

KARACHI: Trade between Pakistan and Afghanistan, including transit trade, will resume today after closure of Pak-Afghan border for 14 days at Chaman. According to the details, the two sides decided to open the border crossing after successful negotiations. The Chaman border was closed on August 18 after a large number of Afghans miscreants pelted stones at the Friendship Gate, smashing ... Read More »

Acting DG Abdul Rasheed to issue new valuation for imported garments

KARACHI: Acting Director General Customs Valuation Abdul Rasheed Shaikh has agreed on issuing new valuation ruling for the imported garments after a delegation of the All Pakistan Garments Importers Association (APGIA) and members of Customs Agents Association met him on Wednesday. Earlier, the acting director general customs valuation issued Order in Revision No 239/2016 under section 25-D of the Customs ... Read More »

DG Imtiaz steps up measures to stop money laundering

KARACHI: Customs I&I DG Imtiaz Ahmad Khan will chair an important meeting regarding the money laundering cases during the current week in order to prevent such attempts in future. Source informed Customs Today that officers concerned will give a detailed briefing on the ongoing progress of the different cases related to money laundering during the meeting. The officers will also give ... Read More »

Collector Jawwad directs careful examination of imported items

KARACHI: Research and Development (R&D) Section of the Customs Collectorate Appraisement-East has boosted the scrutiny of the items importable under S No 23 Appendix A of the Import Policy Order (IPO) 2013. According to e source, Collector Appraisement-East Ashad Jawwad has issued special directives for the examination of import goods. The source said that an alert has been issued to ... Read More »

Fate of VR No 886/2016 to be decided on August 31

KARACHI: A delegation of All Pakistan Garments Importers Association (APGIA) and clearing agents will meet Customs Valuation acting Director General Abdul Rasheed Shaikh on August 31. During the meeting, the delegation will request the acting DG to amend the Valuation Ruling No. 886/2016. As per details, the same delegation met to DG Abdul Rasheed Shaikh last Friday and expressed its ... Read More »

DG Customs Valuation in Malaysia to attend seminar on ITFA

KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has reached Malaysia to attend a seminar on the Implementation of Trade Facilitation Agreement (ITFA) where senior officials from other countries will also participate. Source informed Customs Today that the program will be held in cooperation with the US International Trade Administration. During the consultation process, the Malaysian, US, Pakistani and other ... Read More »

Acting DG Abdul Rasheed vows to settle garments’ valuation issues

KARACHI: Customs Valuation acting Director General Abdul Rasheed Shaikh assured delegation of All Pakistan Garments Importers Association (APGIA) that their issues will be resolved as soon as possible. According to the details, the delegation of APGIA held a meeting with the acting director general and presented their grievances related to the valuation of the imported garments. During the meeting, the ... Read More »

China to build biggest shipping terminal at Karachi port

KARACHI: China to build biggest shipping terminal at the Karachi Port Trust (KPT) as part of China Pakistan Economic Corridor (CPEC). According to the source, Hutchison Port Holdings Limited, owned by Hong Kong-based billionaire Li Ka-Shing, is all set to start work on Pakistan’s biggest Shipping Terminal to enhance the capacity and capability of the Karachi port. With the completion ... Read More »

Minister Ports and Shipping visits PMSA, applauds commitment, dedication of staff

KARACHI: Federal Minister for Ports and Shipping Mir Hasil Khan Bizenjo along with the Director General Ports and Shipping visited the Pakistan Maritime Security Agency (PMSA) headquarters and discussed in detail the registration process of fishing boats and various other issues pertaining to maritime sector of the country. Representatives of various maritime sector organizations, including Pakistan Navy, Karachi Port Trust ... Read More »

DG Tanveer issues Order in Revision No 234/2016 in compliance with SHC

KARACHI: Director General of Customs Valuation Syed Tanveer Ahmed has issued Order in Revision No. 234 /2016 under section 25-D of the Customs Act, 1969 in compliance of the Sindh High Court (SHC) C.P.No. 2928, dt. 19-05-2016. According to details, M/s AO Enterprises Karachi filed a constitutional petition No.2928/2016 in the SHC. The court had directed the respondents, their subordinate ... Read More »

PNSC vessel MV Hyderabad held at South African Port ‘Elizabeth’

KARACHI: The Finance Ministry has started efforts for the release of Pakistan National Shipping Corporation (PNSC) vessel held at South African port. According to the Source, MV Hyderabad (Bulk Carrier), the vessel of Pakistan National Shipping Corporation (PNSC), was held at the South African Port Elizabeth due to payment issues of $14 million by the Pakistan Steel. The company of ... Read More »

FBR expresses serious concerns over allegations of ‘fixing’ tax record of PM

KARACHI: The Federal Board of Revenue (FBR) has expressed serious concern over unfounded allegations of ‘fixing’ tax record of Prime Minister Nawaz Sharif and his family members by two senior FBR officers. According to the details, Public Relation Secretary Hamid Raza Khan has said that the FBR considers the tax record of all taxpayers as a sacred trust and under ... Read More »

DG Customs Valuation Tanveer Ahmed issues Order in Revision against VR No 873/2016

KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has issues an Order in Revision No 218 /2016 under section 25-D of the Customs Act, 1969 against Valuation Ruling No.873/2016 dated 21-06-2016. According to the details, the revision petition was filed by M/s Atif & Co & others under section 25-D of the Customs Act, 1969 against customs value determined vide ... Read More »

DG Customs Valuation Tanveer Ahmad issues Order in Revision against VR No 869/2016

KARACHI: Directorate General of Customs Valuation issues Order in Revision against Valuation Ruling No.869/2016 dated 10-06-2016 under section 25-D of the Customs Act, 1969. M/s Ashfaq Brothers and Others filed petition versus Director, Customs Valuation, Karachi. The revision petitions was filed under section 25-D of the Customs Act, 1969 against customs value determined vide Valuation Ruling No.869/2016 dated 10-06-2016 issued ... Read More »

DG Customs Valuation of issues Order in Revision on petition filed by M/s Master Tiles

KARACHI: Director General of Customs Valuation Syed Tanveer Ahmed issues Order in Revision No. 225/2016 under section 25-D of the Customs Act, 1969. According to the details, the revision petition was filed by M/s Master Tiles Ceramics Industries and others against customs value determined vide Valuation Ruling No.874/2016 dated 22-06-2016 under section 25-A of the Customs Act, 1969. During hearing ... Read More »

Customs Valuation issues Order-in-Revision against VR No.869/2016

KARACHI: Directorate General of Customs Valuation issues Order-in-Revision against Valuation Ruling No.869/2016 dated June 10, 2016 under section 25-D of the Customs Act, 1969. M/s Ashfaq Brothers and others filed a petition against Customs Valuation director. The revision petitions was filed under section 25-D of the Customs Act, 1969, challenging the customs value determined vide Valuation Ruling No.869/2016 issued under ... Read More »

DG Customs Valuation Tanveer Ahmed disposes of petition of M/s IBL Operation

KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has disposes of a petition filed by M/s IBL Operation (Private) Limited. The revision petition was filed under section 25-D of the Customs Act, 1969 against customs value determined vide valuation ruling No.834/2016 dated 19-04-2016 issued under section 25-A of the Customs Act, 1969. According to the details, the petitioner said that ... Read More »

DG Customs Valuation issues order in revision against valuation ruling No 879/2016

KARACHI: The Directorate GeneraI of Customs Valuation issues Order in Revision No. 231 /2016 under section 25-D of the Customs Act, 1969 against Valuation Ruling No.879/2016 dated 27-06-2016. This revision petitions was filed by M/s Rajpoot Enterprises and others against Director Customs Valuation under section 25-D of the Customs Act, 1969  to determined vide Valuation Ruling No.879/2016 dated 27-06-2016 issued ... Read More »

Customs, FIA to start anti-human smuggling drive

KARACHI: The Pakistan Customs and the Federal Investigation Agency (FIA) has started investigation against criminals involved in human smuggling across the country. According to sources, the Pakistan Customs and the FIA have started the investigation after the increased number complaints. Both the departments are also willing to take anti-smuggling cell on board for the detailed, secret as well as sold ... Read More »