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Author Archives: Shahid Minhas

Interior Ministry reviewing names on Exit Control List recommended by FBR

ISLAMABAD: The Ministry of Interior has initiated a process to review the names which have been placed on the Exit Control List (ECL) for the last one year or more, according to an official document. According to details, the ministry has approached the Federal Board of Revenue (FBR) and other provincial and federal departments to provide ample legal and rules ... Read More »

PHC directs federal govt to adopt comprehensive policy on FATA/PATA tax issues

ISLAMABAD: The Peshawar High Court (PHC) has directed the federal government to take appropriate steps, ensuring that the persons carrying on business in the Federally Administered Tribal Area (FATA) and Provisionally Administered Tribal Area (PATA) are rendered immunity from the payment of taxes under Income Tax Ordinance, 2001 and the Sales Tax Act, 1990 as the said statutes have not ... Read More »

FBR splits jurisdiction of Directorate of Customs Intelligence into two parts

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to split the existing jurisdiction of the Directorate of Intelligence and Investigation, Customs into two directorates i.e. Customs Intelligence Enforcement and Customs Intelligence Anti-Smuggling. The order shall come into force with effect from July 1, 2015. According to the Customs General Order no. 01 of 2015 received to Customs Today, the ... Read More »

Islamabad Customs earns Rs 40m through auction of impounded vehicles

ISLAMABAD: The Model Customs Collectorate Islamabad Preventive has held an auction of the impounded vehicles and collected Rs 40 million approximately. While talking to Customs Today, Deputy Collector (headquarters) Yawar Nawaz told that the MCC Islamabad Preventive held an auction of the confiscated vehicles and earned Rs 40 million, adding that collected amount was reasonable according to the auctioned items. ... Read More »

Islamabad Customs seizes smuggled goods worth Rs 345.78m from July 2014 to May 2015

ISLAMABAD: The Model Customs Collectorate Islamabad (Preventive Division) has successfully seized Rs 345.78 million foreign origin smuggled goods during July 2014 to May 2015. Headquarters Deputy Collector Yawar Nawaz told Customs Today that the seized items, including 55 vehicles worth Rs 80.1 million and 42 non-duty paid vehicles worth of Rs 63.28 million, were also seized during the above-said period. He added ... Read More »

FBR issues orders for major re-shuffling in PCS‏

ISLAMABAD: The Federal Board of Revenue (FBR) has notified transfers and postings of BS-21 and BS-20 officers of the Pakistan Customs Service (PCS). According to details, the BS-21 officers who have been transferred include Shaukat Ali. He is transferred from the office of Member FBR HQ to the office of Director General IOCO Karachi. Ms Adila Rehman has been transferred ... Read More »

FBR upgrades eight posts of BS-19 to BS-20

ISLAMABAD: The Federal Board of Revenue has upgraded eight BS-19 posts of Pakistan Customs Service to BS-20. These posts  including Principal, Directorate of Training & Research (Customs), Karachi; Additional Director, Directorate General of PCA, Islamabad; Additional Collector, Collectorate of Customs (Adjudication-I), Karachi; Additional Director, Directorate General of Transit Trade, Karachi; Secretary, Customs Wing, FBR (HQ), Islamabad; Additional Director, Directorate of ... Read More »

Islamabad Customs achieves tax collection target for 2014-15, collects Rs 13,278 billion

ISLAMABAD: Model Customs Collectorate Islamabad has marked 100 percent achievement in revenue collection before the end of the current fiscal year 2014-15. According to the details, Model Customs Collectorate Islamabad was assigned the target of Rs 1,3278 million, which it has collected by the end of May, 2015, a month before the ending of running fiscal year and showed remarkable ... Read More »

Islamabad Customs achieves revenue target well before time

ISLAMABAD: Model Customs Collectorate Islamabad has achieved its annual revenue target a month before the end of the current fiscal year 2015-16. According to details, Model Customs Collectorate Islamabad has shown a remarkable performance during the current financial year 2014-15. The collectorate has achieved its annual revenue target and collected Rs 13.278 billion until May 20, 2015 against the annual revenue target ... Read More »

Court trial of model Ayyan Ali to start on June 15 in currency smuggling case

JIT finds Ayyan involved in currency smuggling after investigation: sources ISLAMABAD: A joint investigation team has imposed charges of ‘currency smuggling’ on model Ayyan Ali in the challan of the case, while the court trial of the model is likely to start on June 15. However, the JIT made for probing the case was dissolved after completion of its task, ... Read More »

Customs seizes smuggled tea worth Rs 14 million

ISLAMABAD: Customs Intelligence and Investigation Rawalpindi has raided a  tea company and seized 27,766kg smuggled tea worth of Rs 14 million and arrested one accused. The Customs Intelligence and Investigation deputy director told Customs Today that he received credible information about the smuggled tea. After that, the Customs Intelligence and Investigation Rawalpindi raided the Islamabad Tea Company which is situated ... Read More »

Finance Bill 2015-16 proposes increase in penalty amount to restrict mis-declaration

ISLAMABAD: The Finance Bill 2015-16 has proposed to bar customs from initiating recovery proceedings in any case, if the recoverable amount is less than Rs 20,000. Earlier, this minimum benchmark was Rs 100 only. The Finance Bill 2015-16 has increased the fine on the importers in case the invoice is not available in the container or pinned with the consignment ... Read More »

35% duty rate set for import of auto parts, accessories

ISLAMABAD: Rate of customs duty has been increased to two percent from one percent in the Federal Budget 2015-16, while duty structure has also been rationalized at flat 20 percent for all imports Besides, auto parts and accessories would attract 35 percent duty according to the new budget for next fiscal year.. The measures have been taken in line with ... Read More »

Islamabad: Customs duty increased in federal budget

ISLAMABAD: Rates of customs duty have increased from 1 percent 2 percent in the federal budget 2015-16. Duty structure has also been rationalized at flat rate of 20 percent on all imports while auto parts and accessories would attract 35 percent duty. These measures have been taken in line with the proposals and recommendations of the Pakistan Customs. The rate ... Read More »

FBR to announce postings of IRS, PCS officers in July

ISLAMABAD: Federal Board of Revenue (FBR) has notified promotions of Inland Revenue Service and Pakistan Customs Service’ officers, however, the postings of these officers would be announced in July 2015. It is known that senior officers would be opted for National Management Course (NMC) in August and their offices would be vacated, so a large-scale transfers and postings to be ... Read More »

Customs Intelligence seizes contraband items worth Rs 3.73b in May, 2015

ISLAMABAD: The Directorate General of Customs Intelligence and Investigation, Islamabad has seized smuggled goods worth over Rs 3.73 billion and arrested 5 persons during May, 2015. According to the details, in its ongoing anti-smuggling drive customs Intelligence and Investigation failed various smuggling attempts in the region and lodged almost 145 cases against the alleged smugglers during said period. Officials informed ... Read More »

Customs Islamabad seizes 8,385 kgs smuggled tea

ISLAMABAD: The Directorate General Customs Intelligence and Investigation, Islamabad, has successfully seized 8,385 kgs smuggled tea during an operation in different parts of the country during May 2015. It is important to mention here that tax-evaded on one in every three cups of tea consumed in the country and illicit trade not only benefits smugglers with higher profit margins against ... Read More »

Commissioner-IR Qasim Raza assumes charge after promotion

ISLAMABAD: The Federal Board of Revenue (FBR) has promoted Commissioner Inland Revenue Islamabad Muhammad Qasim Raza from BS 19 to BS 20. Board has issued notification for promotion of another 24 commissioners of Inland Revenue. According to details, Qasim Raza Khan relinquished the charge of the post of Commissioner Inland Revenue (OPS), (Zone-II) Regional Tax Office, Islamabad and assumed the ... Read More »

Dar extends tenure of Tax Reforms Commission

ISLAMABAD: Federal Minister for Finance Ishaq Dar has extended the tenure of Tax Reforms Commission for further period of 90 days. According to the details of the Commission it shall undertake, review and rationalization of direct and indirect taxes; customs tariff rationalization; review of autonomy and administrative structure of FBR and creation of border force to deal with illegal movement ... Read More »

ITOs promotion meeting to be held on June 15th

ISLAMABAD: The Department Selection Board (DSB) meeting for the promotion of Income Tax Officers (ITOs) in BS-19 has been rescheduled for June 15, 2015 instead of June 8 as announced earlier. It may be mentioned here that 45 ITOs were promoted in excess of their quota in November 2003, January 2004 and April 2004 in BS-17 in violation of quota ... Read More »