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Author Archives: Shahid Minhas

Excise starts campaign against school vans

ISLAMABAD: Excise and Taxation (ET) department Rawalpindi started campaign against 3,000 school vans to bring them in to tax net. These vans are usually use for pick and drop service to school children in the district. According to sources over 3,000 school vans are being used for pick and drop service, none of these have rout permit or fitness certificate. ... Read More »

FBR Intelligence arrests suspect involved in Rs 150m tax evasion

ISLAMABAD: Directorate General Inland Revenue Intelligence and Investigation has arrested Islamabad Chamber and Commerce and Industry executive committee member and chairmen of sales tax committee Naeem Siddiqui in Rs 150 million tax evasion. Sources told Customs Today that Naeem Siddiqui is the owner of computer supper market which is situated in Blue Area, an expensive and posh area of Islamabad. Sources further ... Read More »

36,000 new traders submit tax returns in 2 months of FY-2015-16

ISLAMABAD: At least 36,000 new traders and businessmen have submitted their income tax returns from July 1, 2015 to September 10, 2015 and are added to the list of taxpayers. According to sources, as the FBR has imposed withholding tax on banking transactions and some trade unions and business community are protesting against it but on the other hand around 36,000 ... Read More »

FBR to submit report over tax exemption issue

ISLAMABAD: The federal government has asked the Federal Board of Revenue (FBR) regarding the implementation of tax exemption for raising funds worth Rs 20 billion for Diamer-Bhasha Dam. Sources told Customs Today that Economic Coordination Committee (ECC) has directed the Water and Power Development Authority (WAPDA) to raise funds for Diamer-Bhasha Dam and also directed the FBR to revise the Income ... Read More »

Adjudication Collector Ali Raza issues show cause notice to alleged cell phone smuggler

ISLAMABAD: Collector, Collectorate of Customs Adjudication, Islamabad Muhammad Ali Raza has issued a show-cause notice to unidentified suspect involved in smuggling of cell phones and its accessories. The collector has issued a show-cause notice vide C.No. Cus/coll/adj/36/2015/44 to unidentified suspect in a seizure case No. 36/2015 to appear before the court on September 11, 2015 to prove the legal import of the items. ... Read More »

Non-filers to pay 35pc tax after expiry of ordinance regarding WHT

ISLAMABAD: Following the expiry of presidential orders regarding withholding tax on banking transaction, the Federal Board of Revenue (FBR) will impose fine and deduct tax at the rate of 35 percent on every banking transaction to be made by non-filers. Sources said that the presidential ordinance will expire on September 30 and from October 1, the FBR will start action ... Read More »

Customs seizes vehicle loaded with smuggled generator

ISLAMABAD: Customs Intelligence Rawalpindi seized a vehicle loaded with non duty paid generator on a random checking at a check point and arrested one accused. As per details, Customs Intelligence intercepted vehicle bearing registration number C- 4071 at Rawat area check post. During checking process of the vehicle Customs team recovered a non duty paid generator. Meanwhile customs investigated the ... Read More »

Excise motor branch to auction new number plates

ISLAMABAD: The motor branch of the Rawalpindi Excise and Taxation Department will issue new number plates for cars and jeeps. The auction will be held on September 15, sources said. As per details, the  motor branch Rawalpindi will auction and issue new and attractive number plates for cars and jeep series RIB 15 on September 15. The RIB -15 series ... Read More »

PM invites traders, businessmen to discuss WHT on bank transactions

ISLAMABAD: Prime Minister Nawaz Sharif has called a meeting of traders’ representatives, business community and chambers on September 10. Sources told Customs Today that the prime minister thoroughly monitored the issue of 0.3 percent withholding tax and the protest of traders against its imposition. Sources added that the PM wants to resolve traders issues through dialogue. The sources further told that ... Read More »

AC Aisha Bashir Wani reviews department’s performance in Customs officials’ meeting

ISLAMABAD: The Additional Collector(AC) , office of the Chief Collector Customs (North), Islamabad Aisha Bashir Wani, has called a meeting of the customs officials to discuss the department’s performance and other matters. Additional Collector MCC Islamabad Waheed Ullah Marwat, Collector MCC adjudication Muhammad Ali Raza, and officials from audit, dry port and Appeals Departments attended the meeting. Sources said that it ... Read More »

President Mamnoon orders to establish appellate tribunal for hearing appeals regarding passed bills

ISLAMABAD: President Mamnoon Husain has ordered the establishment of a two-member appellate tribunal to hear the appeals regarding Anti-Dumping Duties Bill 2015, National Tariff Commission Bill, 2015 and Countervailing Duties Bill 2015. It is important to mention here that earlier on August 12 the National Assembly has passed these bills including, “The Anti-Dumping Duties Bill, 2015, Countervailing Duties Bill, 2015 and ... Read More »

Customs seizes sugar mill in Peshawar on charges of fraud

ISLAMABAD: Customs Collectorate, Peshawar, has seized a sugar mill allegedly involved in export subsidy fraud and tax evasion case. According to details, an FIR has been registered against Choudhry Sugar Mills, M/s Ibrab Customs Clearing and M/s Pakistan Revenue Automation Limited (PRAL) for ‘deceptive’ export of 500 MT sugar from Torkham border to Afghanistan during the  period between April and August 2015. The FIR ... Read More »

FBR shows deep concerns over proposed Automotive Development Policy 2015-20

ISLAMABAD: The Federal Board of Revenue (FBR) has expressed deep reservations about the proposed Automotive Development Policy for 2015-20. Sources told Customs Today that the FBR has opposed concessions for new investors in terms of taxes and duties and opposed to facilitate vehicle manufacturing companies. The FBR has  also expressed reservations about the proposed Automotive Development Policy 2015-20. The FBR also opposed single digit customs duty on auto parts. ... Read More »

Islamabad Customs collects Rs 189m customs duty in eight months

ISLAMABAD: The Model Customs Collectorate Islamabad has collected Rs 189.61 million in the term of customs duty from January to August 2015. According to the details, the collectorate had collected Rs 227.35 million in the column of customs duty during the same corresponding period of the year 2014. The figure shows department observed a decline of 16 percent during the 2015. ... Read More »

Adjudication Collector M. Ali Raza asks officials to issue hearing dates in pending cases

ISLAMABAD: Collector, Collectorate of Customs Adjudication, Islamabad Muhammad Ali Raza has directed the staff to streamline the pending cases in order to settle them early. According to the details, after assuming the charge of collector here in Customs Adjudication, Islamabad, he directed the staff to organize the cases and issue the hearing dates in pending cases. The collector has also ... Read More »

Deputy Collector Kaukab issues ONO terming seizure of vehicle lawful

ISLAMABAD: Customs Adjudication Islamabad Deputy Collector Kaukab Farooq has declared the confiscation of Toyota Land Cruiser outright by issuing an Order-in-Original (ONO) in this regard. As per details, the customs officials had impounded the Toyota Land Cruiser bearing Registration No. RPT-586, considering it as smuggled one under Clause 89 of Section 156 (I) of Customs Act, 1969. The officials also ... Read More »

PCA to issue new office ID cards to officials

ISLAMABAD: The Customs Directorate General of Post Clearance Audit (PCA) Islamabad is going to issue new office identity card to the officials. According to the details, Deputy Director PCA Islamabad, Lubna Shamshad has issued an office order in which she has directed the officers to submit their credentials in this regard. The officers concerned have been asked to provide the ... Read More »

Customs Adjudication directs alleged smuggler to appear before adjudication

ISLAMABAD: Collector Collectorate of Customs Adjudication, Islamabad Muhammad Ali Raza has issued a show-cause notice to a suspect Sikander Khan in seizure case No 115/2015 and directed him to appear before the court on the next hearing. According to the details, Collector Muhammad Ali has issued a show-cause notice vide C.No. Cus/coll/adj/40/2015 to suspect allegedly involved in smuggling of electronics ... Read More »

Ayyan Ali case: Court asks Customs authorities to submit complete challan by Sept 15

ISLAMABAD: The Customs court could not indict supper model Ayyan Ali in the currency smuggling case. According to details, Customs Judge Rana Aftab Ahmed heard the case but due to incomplete challan by the customs authorities, the court could not indict the suspect in the currency smuggling case. On the other hand, Customs intelligence sought permission from authorities concerned to conduct further investigation ... Read More »

Customs accelerates efforts to arrest absconding accused in Rs 25b gold, currency smuggling case

ISLAMABAD: The Pakistan Customs officials have expedited efforts to arrest an absconding accused in gold and currency smuggling valued at Rs 25 billion. Source informed that Sajid Moti Wala who has been nominated in the case by the customs authorities has fled abroad as his name was not included in Exit Control List (ECL) in order to avoid the prosecution. ... Read More »