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Author Archives: Shahid Minhas

Customs Islamabad seizes smuggled goods worth Rs 3.9b in FY 2014-15

ISLAMABAD: Directorate General Intelligence and Investigation of Islamabad Customs has seized smuggled goods worth Rs 3.9 billion and arrested 184 accused while 1236 cases were registered against the smugglers during the fiscal year 2014-15. According to a report issued by Directorate General Intelligence and Investigation Islamabad for the year 2014-15, the Directorate has seized Rs 3.9 billion of smuggled goods ... Read More »

FBR raises sales tax rate on import of mobile sets

ISLAMABAD: The Federal Board of Revenue (FBR) has increased sales tax rate on mobile phones and advised the authority concerned to ensure the collection of tax at the prescribed rates. According to the details, the FBR has issued sales tax measures about increase in sales tax on mobile phones imports. Sources said that to rationalize the rates of sales tax ... Read More »

Customs Islamabad seizes smuggled goods worth Rs 264m in June

ISLAMABAD: Directorate-General Intelligence and Investigation Islamabad has seized Rs 264 million smuggled goods and arrested 7 accused while 108 cases were registered against the smugglers during June, 2015. According to details, Deputy Director headquarters Khaldunul Haq told Customs Today that during the course of anti-smuggling activities in June 2015, the Directorate General Intelligence and Investigation Islamabad has seized and recovered ... Read More »

ANF foils bid to smuggle heroin to Dubai

ISLAMABAD: Anti-Narcotic Force has foiled an attempt of smuggling heroin to Dubai at Benazir Bhutto International Airport Islamabad and arrested one Siraj son of  Alamgir. According to details, the Anti-Narcotic Force has recovered heroin-filled capsules from the stomach of the suspect. Siraj is a resident of Kohestan and was about to board private airline’s flight no NL-221. During investigations from ... Read More »

Excise Rawalpindi seizes smuggled items worth Rs 1.66m

ISLAMABAD: Directorate General Intelligence and Investigation Rawalpindi seized Rs 1.66 million of smuggled goods during operation. According details, Directorate General Intelligence and Investigation Rawalpindi has seized Rs 1.66 million of smuggled goods involving Rs 1.5 million of duty and taxes in anti-smuggling drives during last two days. Deputy Director Shahid Jan told Customs Today that during the course of anti-smuggling ... Read More »

Court awards death sentence to drugs smuggler

ISLAMABAD: Special Court of Anti-Narcotics Rawalpindi has awarded capital punishment and Rs 200,000 fine to smuggler Noor Muhammad who was  found guilty of smuggling drugs. According to details Anti-Narcotics Force has arrested the accused Noor Muhammad during operation and recovered 6580 kilograms of hashish from his possession. The accused wanted to smuggle the drugs from Khyber PakhtunKhawa and lodges FIR ... Read More »

Excise Rawalpindi enhances tax rate on goods, passengers transport ‏

ISLAMABAD: Rawalpindi Excise and Taxation has increased income tax rate on goods and passengers transport vehicles. Meanwhile, the department also increased income tax rate on the private vehicles for the non-filers of tax returns while decreased the income tax rate for the filers of tax returns. According to details the Rawalpindi Excise and Taxation has increased income tax rate from ... Read More »

Haroon assumes charge of Special Assistant to PM on Revenue

ISLAMABAD: Mr. Haroon Khan has assumed the charge of Special Assistant to Prime Minister for Revenue at Federal Board of Revenue Headquarters. Federal Board of Revenue has issued the charge assumption notification no 1474 IR-I 2015 in this regard. According to the notification with the pursuance of Cabinet Division’s notification no 3-4/2013-min-I dated June 4,2015 Mr.  Haroon Khan has assumed ... Read More »

FBR finalizes seniority list of Inland Revenue Inspectors of BS 16

ISLAMABAD: The Federal Board of Revenue (FBR) has finalized and issued seniority list of 525 Inland Revenue Inspectors of BS 16 on all Pakistan basis. According to circular no 9(2) MIR issued by the FBR, the list of IR Inspectors was provisionally issued in September 2013 but due to heavy strength of IR inspectors and other multiple issues involved, the ... Read More »

ANF seizes drugs worth Rs 440 million, arrests five accused

ISLAMABAD: The Anti-Narcotics Force (ANF) has successfully seized 160kg drugs worth of Rs 440 million and arrested five accused during different operations in Rawalpindi, Peshawar and Turbat. According to details, the Anti-Narcotics Force conducted different operations in Rawalpindi, Peshawar and Turbat and seized 160kg drugs worth of Rs 440 million. Sources said that during the operation on GT Road Rawalpindi ... Read More »

Rawalpindi Excise to computerise record of property tax

ISLAMABAD: The Excise and Taxation Department Rawalpindi has decided to make the property tax record online and to introduce computerised challan forms for the property tax. According to the details, Rawalpindi Excise will issue computerized challan form of property tax to the citizens in the running fiscal year. Officials said that computerization of the property tax branch would bring ease ... Read More »

Real estate dealer exposed for mis-declaring assets, evading tax

ISLAMABAD: The Directorate of Investigation and Intelligence, Inland Revenue of the Federal Board of Revenue (FBR) has traced and exposed millions of rupees income tax evasion in Islamabad. Fazal Inam Sabir, a real estate dealer, not only evaded tax but also wrongly declared his assets and bank account details. Sources informed that Fazal had earned almost Rs 2 billion by ... Read More »

Customs Court sends drug smuggler to jail

ISLAMABAD: The Special Court of Anti-Narcotics heard different smuggling cases and sentenced jail imprisonment and fine to a drug smuggler. According to details, the Special Court of Anti-Narcotics Judge Chaudhary Anwar Ahmad Khan has heard different smuggling cases. While announcing its verdict the Court sentenced 1 year jail sentence to accused Khan Muhammad in heroin smuggling case and imposed a ... Read More »

Rs10m customs duty evasion case: Court extends remand of accused

ISLAMABAD: Rawalpindi Special Customs Court has extended judicial remand of accused Hammad Akbar Khan and his companion in Rs 10 million customs duty evasion case. According to details Special Customs Court Judge Rana Aftab Ahmed has conducted the hearing of  Rs 10 million customs duty evasion case. Police has presented the both accused to the Court. The Court after hearing ... Read More »

RTO Abbotabad achieves revenue target of fiscal year 2014-15

ISLAMABAD:  The Regional Tax Office Abbotabad has successfully achieved revenue target and crossed 100 percent of recovery limit for fiscal year 2014-15 . According to details, Regional Tax Office Abbotabad has successfully achieved revenue target of fiscal year 2014-15 and collected Rs 5632 million revenue in the term of all types of taxes which is 32 percent extra as compare ... Read More »

Govt imposes 20pc customs duty on import of tyres, tubes

ISLAMABAD: The Federal Board Of Revenue (FBR) has imposed 20 percent customs duty on import of tyres and tubes of small vehicles. According to details, 20 percent customs duty has been imposed on the import of tyres and tubes of small vehicles, including cars, jeeps, tractors, cycles and motorcycles. Only 5 percent customs duty will be charged on the import ... Read More »

FBR exempts 42 producers from submitting production details

ISLAMABAD: The Federal Board of Revenue (FBR) has exempted registered manufacturers of 42 different products from the condition of submitting quantity produced and supply details before the FBR by rescinding SRO 863(I)/2008. According to the SRO 493(I)/2015, the FBR has exempted the registered manufacturers of 42 different products making supply of taxable goods to submit each month. The 42 items ... Read More »

Customs Adjudication collects Rs 649 million as penalty amount in FY2014-15

Islamabad, Peshawar adjudication hears 1,776 smuggling cases ISLAMABAD: The Customs Adjudication Islamabad has collected Rs 649.08 million as amount of penalties in financial year 2014-15 while deciding the 355 cases of anti-smuggling. The adjudication heard cases related to the smuggling of food, clothe, tea, auto parts and mobile phone during the said period. According to the details, Collector Customs Adjudication, ... Read More »

FBR fires 163 employees of PRAL after expiry of contract

ISLAMABAD: The Federal Board of Revenue (FBR) has terminated almost 163 employees of Pakistan Revenue Automation Limited (PRAL) working on contract. Officials said that the FBR’s IT functions would be seriously affected following termination of a large number of IT professionals from PRAL. The PRAL was established in 1994 as a small IT setup is now one of the largest ... Read More »

Rawalpindi Excise achieves revenue target for 2014-15

ISLAMABAD: The Rawalpindi Excise and Taxation, Motor Branch, has achieved the revenue target for fiscal year 2014-15. According to details, the Motor Branch has collected Rs 612.6 million revenue, while the set target for the branch was Rs 600 million for fiscal year 2014-15. The branch has successfully achieved revenue in the column of registration, transfer, token and life token ... Read More »