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Author Archives: Shahid Minhas

Customs officials of BS-18 to attend MCMC training

ISLAMABAD: Establishment Division has notified nominations of BS-18 officers for BS-20 mid career management course of the Pakistan Customs. According to details, the BS-18 officers of Pakistan Customs Service (PCS) nominated for MCMC include Ms Sadia Sadaf, Rizwan Mehmood, Zubair Shah, Tahir Abbas, Yousuf Ali Khan Magsi, and Kamran Ali Rana.  And the BS-18 officers of Inland Revenue Service (IRS) ... Read More »

ANF seizes 122 kgs drugs, arrests 24 suspects during crackdowns

ISLAMABAD: The Anti-Narcotics Force (ANF) Rawalpindi has recovered 122 kilogram of drugs and arrested 24 suspects during different operations. According to details, the Anti-Narcotics Force (ANF) Rawalpindi has recovered 122 kilogram of drugs, including 32 kilogram of heroin, 90 kilogram of hashish and 2100 liters estacan hydriad which is used for making heroin and arrested 24 suspects. At least nine vehicles used in ... Read More »

Traders to present performa for new taxpayers to FBR

ISLAMABAD: The business community will present a simple performa for the new taxpayers in the meeting held today between business community and the FBR officials. According to details, the Federal Board of Revenue (FBR) and business leaders have agreed on devising a simplified performa for the new taxpayers. As per the Finance Act 2015, a new section 236P was introduced ... Read More »

Misuse of concessionary regime: Pakistan Customs, China to implement EDI

ISLAMABAD: To eliminate misuse of concessionary regime under Free Trade Agreement (FTA) and revenue leakage Customs authority and China have agreed to implement Electronic Data Interchange (EDI). A meeting in this regard between the Customs authorities of both Pakistan and China will be held next week in China, in which the modalities of the data interchange will be discussed. According ... Read More »

ANF foils attempt to smuggle heroin to UK

ISLAMABAD: The Anti-Narcotics Force (ANF) has foiled an attempt of smuggling heroin to Birmingham (United Kingdom) at Bainazir Bhutto International Airport Islamabad and arrested the accused on the spot. According to details, the Anti-Narcotic Force has recovered one kilograms of heroin from Muhammad Nawaz, who is a resident of Birmingham (U.K). He had concealed the drug in his shoes. During checking passengers of ... Read More »

DG Haroon reviews performance of IR Intelligence

ISLAMABAD: A high level meeting of the Directorate of Investigation and Intelligence-Inland Revenue was held at the Federal Board of Revenue (FBR) Headquarters to review the performance of different units of the directorate. The meeting was chaired by Director General IR Intelligene, Haroon Tareen, in which an issue regarding the registration of criminal cases against non-taxpayers was discussed who found ... Read More »

Audit team detects Rs 60 million fraud in property tax, receipts of millions of rupees missing

ISLAMABAD: An audit team has already completed the audit of Excise and Taxation Department of Rawalpindi for the year 2014-15. According to sources, the audit team has returned to Lahore after completing the audit and will prepare its report and will send it to the Punjab government. Sources further added that a Rs 60 million fraud was deducted in the ... Read More »

FBR officials, traders meeting remains inconclusive

ISLAMABAD: The second round of talks between FBR authorities and traders ended without reaching any conclusion. According to details, the traders demanded that under section 40 of Sales Tax Act 1990, raids on shops, business centers and business points must be stopped immediately.  They said that these kind of measures creates negative impact on traders community.. During the meeting, traders ... Read More »

FBR to conduct audit of non-filer traders

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to conduct audit of non-filer traders and also decided that traders who uses ATM credit/debit cards are not bound for the registration of sales tax. According to sources, the Federal Board of Revenue has amended sales tax special procedure rules and decided to conduct audit of the non-filer traders while the ... Read More »

Customs Intelligence confiscates equipments, vehicles worth Rs 843m of Bol

KARACHI: Directorate of Customs Investigation and Intelligence, Karachi has seized electronic equipment worth Rs 843 million of Bol Media Group being used for media setup, considering them smuggled items. Sources told Customs Today that Customs Intelligence raided different offices of Bol Media Group located in Karachi and its facilitators’ offices including M/s Labaik Private Limited and M/s Rauf Fattani Electronics ... Read More »

Rawalpindi: Customs seizes smuggled goods worth Rs 20m

ISLAMABAD: Directorate Customs Intelligence and Investigation Rawalpindi has seized smuggled goods worth Rs 20 million and arrested six suspects. At least 15 cases have been registered against smugglers during July 2015. Deputy Director Rawalpindi Shahid Jan told Customs Today that during the course of anti-smuggling activities in July 2015, the Directorate Intelligence and Investigation Rawalpindi has seized and recovered Rs 20 million smuggled goods ... Read More »

Adjudication Collector Seema recovers Rs 42m by deciding 8 cases in July

ISLAMABAD: Collector Customs Adjudication Seema Raza Bukhari has decided eight cases and recovered Rs 42 million as  penalty during July 2015. According to details, Colllector Customs Adjudication Islamabad Seema Raza Bukhari has heard different types of anti-smuggling cases relating to electronics, tea, cloths, vehicles and other miscellenous smuggled items and decided cases and recovered Rs 42million as fine in July ... Read More »

Establishment Division Committee to review issues of contract staff at PRAL

ISLAMABAD: Establishment Division Committee for Pakistan Revenue Automation Limited (PRAL) contract employees has called its first meeting to review matter of contract employees. The meeting will be presided over by Haseeb Athtar. According to sources, the committee has sent a letter to PRAL CEO and asked him to select a grade 20 officer who will attend the meeting and also ... Read More »

Rawalpindi Customs Intelligence holds six containers on Rs 8m tax evasion

ISLAMABAD: Directorate Customs Intelligence and Investigation Rawalpindi has seized six containers carrying imported vehicle batteries at Islamabad dry port following charges of alleged tax evasion to the tune of Rs 8.25 million through mis-declaration. The Customs Intelligence has also arrested two officials including principal appraiser, appraiser and owner of M/S Pakistan Royal Group, importer of the said consignment on their ... Read More »

Customs Rawalpindi seizes Toyota Vigo worth Rs 4.5m

ISLAMABAD: The Directorate-General Customs Intelligence and Investigation has impounded one non-duty paid Toyota Vigo Champ worth of Rs 4.5 million during road checking. According to details, the above said vehicle was seized due to non-production of legal documents from Qasim Market area of Rawalpindi. During checking customs staff found that the car displaying fake registration mark. While the chemical examination ... Read More »

Banks seek FBR guidance to deduct WHT from accounts of overseas Pakistanis

ISLAMABAD: Banking authorities have sent a letter to the Federal Board of Revenue (FBR), seeking guidance for deduction of withholding tax from the accounts of overseas Pakistanis, sources said. According to these sources, banking have asked the FBR about rules and regulations to deduct withholding tax from overseas Pakistanis on banking transactions. In their letter, they said as the government ... Read More »

Traders reject govt offer for talks

ISLAMABAD: Traders have rejected the government call for holding dialog on withholding tax, however, dialogue between the Federal Board of Revenue and chambers’ representative has completed. According to details, the government has invited traders for talks on the issue of WHT tax on bank transactions but traders have rejected the call and did not join the meeting held in the ... Read More »

FBR asks RTOs to streamline assessment, processing cell to stop sales tax evasion

ISLAMABAD: The Federal Board of Revenue has directed Regional Tax Offices to streamline the assessment and processing cell to stop sales tax evasion in future. According to details, the main function of this cell is to uncover tax evasions and send records to the Inland Revenue intelligence department. After receiving the record the intelligence department will investigate the case and ... Read More »

Four PCS officers of BS-20 likely to get BS-21 soon

ISLAMABAD: Four Grade-20 officers of Pakistan Customs would be promoted to Grade-21 soon as the Islamabad High Court (IHC) has advised Establishment Division to revise the promotion formula. Officials told Customs Today that four officers of the Pakistan Customs, including Khawar Farid Maneka, Imran Tariq, Syed Zulfiqar Ali Shah Kazmi and Khawaja Umer Mehdi, would be promoted to Grade-20, if Establishment ... Read More »

Announcement of new trade policy still in doldrums

ISLAMABAD: Announcement of new trade policy is still awaited, as the same is still have to be presented in cabinet meeting for approval. According to sources,  the new trade policy will be for the period of three years as this policy was to be presented in cabinet meeting in July but due to some reasons its presentation is still delayed ... Read More »