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Author Archives: Mubeen Hussain

Pakistan, Afghanistan agree to ensure uninterrupted across border trade

KARACHI: Pakistan and Afghanistan have agreed to resolve all transit trade issues by dialogue to avoid delay in clearance of consignments and overloaded conditions in future. According to source, the political and military leadership of Afghanistan is in contact with the Pakistani authorities and both sides are agreed to resolve border related issues to ensure uninterrupted trade across the borders. ... Read More »

Valuation DG orders director to issue fresh ruling against VR 814/2016

KARACHI: The Directorate General of Customs Valuation Department has directed the Valuation director to issue fresh ruling after consideration of the importers’ contention. This direction was issued while hearing a revision petition filed by M/s L’Oreal Pakistan (Private) Limited against the VR No 814/2016 dated making Karachi Customs Valuation director as respondent. The revision petition was filed on the following ... Read More »

FBR resumes PIA’s NTN on federal govt’s interference

KARACHI: The Federal Board of Revenue (FBR) has resumed the national tax number (NTN) of the Pakistan International Airlines (PIA). According to the source, the FBR had suspended the NTN of the PIA following the charges of tax evasion. The FBR had been asking the PIA administration for early submission of different taxes imposed on ATR and Airbus planes. After ... Read More »

DG Valuation issues order in revision against valuation ruling

KARACHI: The Directorate General of Customs Valuation department has issued order in revision no 183/2016 under section 25-D of the Customs Act 1969 against valuation ruling no  813/2016 dated 28-01-2016. The case was between M/s L’Oreal Pakistan Ltd versus Director Customs Vacation, the revision petition was filed under section 25-D of the Customs Act 1969 against customs determined vide valuation ... Read More »

Customs Preventive to brief media today on foiled drug smuggling bid

KARACHI: Customs Preventive Additional Collector Syed Asad Raza Rizvi and Deputy Collector Ali Raza will hold a press conference today regarding a drug smuggling bid foiled by Customs Preventive Drugs Enforcement Cell at Karachi airport. According to the details, Customs Drug Enforcement Cell on secret information intercepted passengers at Jinnah International Airport. During the checking of the passengers’ luggage, the ... Read More »

Customs I&I Enforcement to transfer 20,000kg explosive material to POF

KARACHI: Directorate Customs Intelligence and Investigation (Enforcement) is expected to transfer more than 20,000 kilogram of explosive material to the Pakistan Ordinance Factory (POF). According to the source, Customs Intelligence and Investigation is negotiating with senior officials of the factory to accept 20,000 kilogram explosive material. The material was imported from China on January 7 and the Custom intelligence had ... Read More »

FBR suggests Rs 3,700 billion target for financial year 2016-17

KARACHI: The Federal Board of Revenue (FBR) has suggested setting Rs 3,700 billion as target for revenue collection during the upcoming fiscal year 2016-2017. According to the source, the FBR while suggesting target of Rs 3,700 billion for the upcoming financial year has also asked to increase taxes of worth Rs 600 billion on different items in the budget. It ... Read More »

Hearing into mega drug trafficking case adjourned until May 26

  KARACHI: A Special Court for Narcotics Control has adjourned the case of smuggling a huge quantity of drugs till May 26. According to the details, Special Court for Narcotics Control, while hearing the case of smuggling of 7,000 kilogram drugs from Karachi to foreign countries has ordered the investigation officer to present the loaded container with drugs before the ... Read More »

Meeting suggests strict monitoring of transit trade consignments

KARACHI: A high level meeting of the officials concerned was held at the Directorate General of Afghan Transit Trade to review the current situation at Torkhum border after days of closure. Chairing the meeting, Director General Transit Trade Muhammad Javed Ghani reviewed the progress of work on the construction of Custom Border complexes at Torkham, Chaman-Spin Boldak, and Ghulam Khan ... Read More »

Customs anti-smuggling crackdown underway to bust smugglers, goods

KARACHI: Directorate of Customs Intelligence and Investigation-anti  smuggling is playing a vital role in curbing the menace of smuggling and has started the hot pursuit of the smugglers in Sindh. According to the source, teams of Directorate of Customs Intelligence and Investigation-anti smuggling have started crackdown in three cities Karachi, Hyderabad and Sukkur against smugglers and smuggled items. The crackdown ... Read More »

Customs, Chinese agencies keen to arrest culprits of 20,000kg explosives export

KARACHI: The Directorate Customs Intelligence and Investigation (Enforcement) has deepened the investigation of more than 20,000 kilograms explosives seized during a raid at the Karachi Port Trust. According to the source, Customs Intelligence and Investigation officers are in contact with the Chinese intelligence agencies to capture the main culprit involved in exporting the prohibited material to Pakistan. The intelligence agencies ... Read More »

FBR Intelligence and Investigation presents vehicles, goods for auction

KARACHI: Directorate of Intelligence and Investigation of the Federal Board of Revenue (FBR) has presented confiscated vehicles and goods millions of rupees for auction. The vehicles and goods are lying at the state warehouse. According to the detail, in confiscated vehicles, Suzuki swift car model 2007, Toyota Surf jeep model 1990, Toyota Grand Mark-II model 2004, Toyota Hilux Surf model ... Read More »

Appraisement East starts auction of different lots to boost revenue

KARACHI: Custom Collectorate Appraisement East has presented different lots for auction at the National Logistics Cell Container Terminal Karachi. The lots presented for the auction include second hand cloths, jackets, shoes, toys, yellow peas, PVC powder, plastic moulding compound, clay bricks and fishing net. Custom Collectorate Appraisement East during the forth quarter of the current fiscal year is looking forward ... Read More »

DG Customs Valuation Wasif Memon assures full support to pharmaceutical companies

KARACHI: A delegation of Pakistan Pharmaceutical Manufacturers Association (PPMA), while meeting with the Director Directorate General of Customs Valuation Wasif Ali Memon, has expressed satisfaction over the revaluation of the pharmaceutical items. In the meeting with the Director Valuation Wasif Ali Memon, the members of the Pakistan Pharmaceutical Manufacturers Association said that the revaluation of the pharmaceutical items will help ... Read More »

FBR launches cash reward scheme “whilstleblower”

KARACHI: Federal Board of Revenue has adopted a unique strategy to flush out corrupt paractice and the corrupt officers from the Inland Revenue Service. According to the detail, Federal Board of Revenue at its website has started a scheme of cash reward named “whistleblower” for the people who inform regarding the malpractices. The purpose of the scheme is to stop ... Read More »

54 officers of Inland Revenue promoted from BS-18 to BS-19

KARACHI: More than 50 BS-18 officers of Inland Revenue Service are promoted to BS-19 on regular basis in their groups with immediate effect. According to the details, 54 officers, including 8 female officers, of the Inland Revenue Service are promoted to BS-19. Eight female include Iram Shabbir, Sajida Kausar, Maryam Habib, Farzana Gohar Ali, Bushra Fatima, Dr Shazia Gull, Shagufta ... Read More »

Collector Ashad Jawwad shows satisfaction over revenue collection of April

KARACHI: The Model Custom Collectorate Appraisement-East has not only successfully achieved the assigned revenue target of Rs 662.1 million during April 2016, but also generated additional Rs 396 million by recovering customs duties. Officials said that Customs Appraisement-East Collector Ashad Jawwad showed satisfaction over the revenue collections during the said month and vowed to boost additional customs duties during the ... Read More »

Customs asked for necessary steps at Wagah to facilitate trade

KARACHI: The Pakistan Customs has been directed to remain vigilant and provide round-the-clock to services to improve trade activities at Wagah border. According to the source, Pakistan is expected to give Non-Discriminatory Market Access (NDMA) status to India after which the negative list will be abolished and trade of 1,209 items will be allowed between the two countries in coming ... Read More »

Collector Appraisement East Jawwad issues alert for incorrect classification of polished granite

KARACHI: Collector Customs Collectorate Appraisement East Ashad Jawwad has issued an alert regarding incorrect classification of polished granite under PCT code 6802.2300. According to the alert, Pakistan customs tariff covers that granite which fulfills the condition of second single dash “other” heading i.e. “worker monumental or building stones are articles thereof, simply cut or sawn”. On the other hand, third ... Read More »

1,200 dismissed employees of KPT granted stay order by SHC

KARACHI: The Sindh High Court (SHC) has issued a stay order against dismissal of 1,200 employees of the Karachi Port Trust . According to the details, the court, after accepting the plea of 1,200 dismissed employees, has also allowed the case for regular hearing. All the 1,200 employees of Karachi Port Trust were served show cause notices and were declared ... Read More »