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Home / Author Archives: Shahid Minhas (page 29)

Author Archives: Shahid Minhas

PM Nawaz to meet traders on Sept 10 to resolve WHT issue

ISLAMABAD: Prime Minister Nawaz Sharif will personally meet traders and business community representatives on September 10, 2015 to resolve the issue of withholding tax . According to details, trader unions and business community of the country are protesting against the imposition of 0.3 percent withholding tax due to which the local markets are closed and this crisis gain a high ... Read More »

Deputy Collector Yawar deputes three inspectors as duty officer at preventive division, airport

ISLAMABAD: The Model Customs Collectorate Islamabad has deployed three inspectors of the collectorate as duty/vigilance officers here at preventive division and airport. As per details, order regarding the deployment has been issued by Deputy Collector headquarters Yawar Nawaz. According to the notification, three inspectors including Abdul Raheem Naz, Tariq Majeed Malik and Ameer Ahmed, have been deployed at preventive division, ... Read More »

FBR adds 3.4 million new taxpayers to tax net

ISLAMABAD: The Federal Board of Revenue (FBR) has added 3.4 million new taxpayers in the databank received from different departments while notices are issued to those people who do not pay taxes in accordance with their income. According to sources, the FBR has started getting documentary records and other important data from different departments to bring new people to the ... Read More »

IR Intelligence starts campaign against sale of smuggled cigarettes

ISLAMABAD: The Inland Revenue (IR) Intelligence and Investigation has launched a countrywide campaign against the dealers involved in the sale of smuggled cigarettes. Sources told Customs Today that the IR Intelligence came to know that several shopkeepers were selling smuggled cigarettes in the twin cities. They said that some factory owners were also involved in producing illegal cigarettes. Sources further ... Read More »

Curtailing expenses: FBR asked to use video-link to hold meetings with regional offices

ISLAMABAD: Ministry of Finance has directed Federal Board of Revenue (FBR) to use video-link facility in order to hold meeting with the officials of field formations instead of paying visits to them physically, it is learnt. According to the details, Finance ministry has issued instructions in this regard after noticing that FBR’s officers off and on visits to regional offices ... Read More »

Islamabad Customs clutches smuggled items worth Rs 18m during August 2015

ISLAMABAD: Model Customs Collectorate Islamabad Preventive has seized foreign origin smuggled goods worth Rs 18.8 million during August 2015. As per details, Deputy Collector Yawar Nawaz informed that MCC Preventive impounded a non-duty paid vehicle worth 1.4 million, 1,377 kilogram of smuggled cloth worth Rs 900,000 and smuggled cigarettes worth Rs 800,000 during different anti-smuggling drives. He added smuggled electronics ... Read More »

Islamabad Customs assigned Rs 16.16b target for FY2015-16

ISLAMABAD: Federal Board of Revenue (FBR) has assigned Rs 16.167 billion target to Model Customs Collectorate (MCC) Islamabad in the terms of all taxes for the fiscal years 2015-16. This was informed by MCC Islamabad Deputy Collector Yawar Nawz while talking to Customs Today. He added that “We as a team will leave no stone unturned to meet the revenue ... Read More »

Customs seizes smuggled goods worth Rs 10.25m during July

ISLAMABAD: The Model Customs Collectorate Islamabad Preventive Division seized Rs 10.25 million foreign origin smuggled goods during July 2015. According to details, Deputy Collector headquarters Yawar Nawaz told Customs Today that during the course of anti-smuggling activities in July 2015, the Model Customs Collectorate Islamabad Preventive Division has seized Rs 10.2 million foreign origin smuggled goods, including 3 non-duty paid ... Read More »

Customs Preventive impounds three non-duty paid vehicles worth Rs 8m

ISLAMABAD: Model Customs Collectorate Preventive Islamabad has impounded three non-duty paid vehicles worth Rs 8 million during road checking. Deputy Director MCC Preventive, Yawar Nawaz told Customs Today that during the road checking, the customs officials impounded three vehicles including two Toyota Corolla cars and a Shahzor Mazda as their owners could not produce any documents showing the payment of duty/taxes. ... Read More »

Court awards nine years imprisonment to drug trafficker

ISLAMABAD: Special Anti-Narcotics Court has sentenced a smuggler to nine years jail involved in smuggling of 200 kilogram of heroin and imposed Rs 20,000 fine. According to the details, ANF team had arrested Muhammad Masood and recovered 200 kg heroin from his possession, besides registering a case against him under anti-narcotics laws. Judge Chudhary Anwar Ahmed Khan heard the drug ... Read More »

IFC provides Rs 20m for construction of LNG Terminal

ISLAMABAD: International Finance Corporation has provided Rs 20 million for the construction, design and operation of LNG Terminal at Port Qasim Karachi. According to sources, International Finance Corporation (IFC) has provided Rs 20 million to Enrgo Elengy Terminal Private Limited in the term of loan and installment for the import of LNG terminal.  Sources added that these money will be ... Read More »

FBR, World Bank negotiations on tax administration reforms conclude

World Bank spending Rs 20 million to develop databank for FBR ISLAMABAD: Dialogues between the Federal Board of Revenue (FBR) and the World Bank on tax administration reforms have been completed. However the World Bank mission will send the report to the FBR next month, it is learnt here. According to the details, the FBR has prepared PC-1 for the ... Read More »

FIA extends sphere of investigation into mega gold smuggling scam of Rs 25 billion

ISLAMABAD: The Federal Investigation Agency (FIA) has extended their investigation framework as Customs officials have forwarded the Rs 25 billion gold money laundering case to the agency. According to details, Customs officials have nominated the suspect in the inquiry of Rs 25 billion of money laundering due to which the FIA has changed its framework and extended its investigation to five other ... Read More »

ANF foils bid to smuggle heroin to Sharjah, arrests suspect

ISLAMABAD: The Anti-Narcotics Force (ANF) has foiled an attempt of smuggling heroin to Sharjah, UAE, from Benazir Bhutto International Airport Islamabad and arrested the accused on the spot. The ANF recovered 100 capsules from the stomach of a passenger, Mujahid Khan. Sources added that ANF team during checking process of passengers of a private airlines inquired from the accused as the team became doubted ... Read More »

Customs Adjudication issues notice to suspect for appearing in court

ISLAMABAD: The Customs Adjudication Islamabad has issued a show-cause notice to alleged smuggler involved in smuggling of 810 kg of fabric. According to the details, the anti-smuggling wing of Directorate of Customs Investigation and Intelligence Rawalpindi has impounded a passenger bus bearing Registration No. LZV-0090 coming from Peshawar following the charges of smuggling of cloth. The Customs Intelligence also lodged ... Read More »

Peshawar Adjudication orders release of vehicle after payment of fine

ISLAMABAD: Additional Collector Customs Adjudication Peshawar Karam Elahi has issued orders for the release of impounded trailer and Dumper Truck loaded with edible items after payment of 20 percent of the value of seized goods for each as fine. The additional collector issued Order-in-Original (ONO) 41/ 2015 was issued in this regard. The Customs Investigation and Intelligence Peshawar had impounded ... Read More »

Customs seizes electronics goods worth Rs 2 million in separate incidents

ISLAMABAD: Directorate General Customs Intelligence and Investigation Rawalpindi has seized smuggled electronics and ladies cloth worth Rs 2 million. Sources told Customs Today that the Directorate General Customs Intelligence and Investigation Rawalpindi has seized Rs 2 million of smuggled goods having duty taxes of Rs 1 million during anti-smuggling drive. The seized goods include 148 kilograms of ladies cloth worth Rs 1.2 ... Read More »

Customs Preventive impounds Toyota Land Cruiser worth Rs 3m

ISLAMABAD: The Model Customs Collectorate Preventive Islamabad has impounded Toyota Land Cruiser worth Rs 3.2 million during a road checking. According to the details, Customs Preventive staff intercepted a vehicle bearing Registration No. RPT-586 during road checking. The staff asked the driver of the vehicle to produce the documents showing the legal import of the vehicle and lawful possession of ... Read More »

30 excise employees issued charge sheet on graft charges

ISLAMABAD: The Director General Excise and Taxation has issued charge sheet to 30 employees of Rawalpindi Motor Branch allegedly involved in corruption of Rs 130 million. During the review of yearly audit observations, it was observed that from December 2012 to June 2013 at least Rs 130 million of irregularities were made in wake of life time token tax of ... Read More »

Provinces show concern over WHT on bank transactions

ISLAMABAD: All the four provincial governments have shown grave reservations on withholding tax imposed by federal government in federal budget 2015-16. According to sources, all the four provincial governments have showed strong concerns and reservations over withholding tax and termed it as overburden on provincial taxes. Sources told Customs Today that these concerns were shown during working group meeting of ... Read More »