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Author Archives: Waqar Ahmed Ansari

PCA Karachi uncovers tax evasion of Rs10.48m by M/s Connecting Accessories

KARACHI: The Directorate Customs Post Clearance Audit has detected an evasion of Rs10.48million duties and taxes committed by M/s Connecting Accessories, it is learnt here. Sources told Customs Today that M/s Connecting Accessories imported a consignment of internet cables, telephone cable wires, modems, hubs and other things, and got them cleared from the Port Qasim Karachi vide GDs on December ... Read More »

Customs Export retrieves evaded arrears from defaulter companies after issuing notices

KARACHI: The Customs Export has recovered an evaded amount of taxes and duties of Rs10.47million from defaulter companies which were issued with notices to pay the outstanding dues on Monday. Sources told Customs Today that, during scrutiny of the import data, it was revealed that M/s Dolman Tiles Karachi availed undue benefits and concessions after importing different consignments of flour ... Read More »

DG Surriya Butt to revise Valuation Ruling No: 748/2015 on April 26

KARACHI: The Directorate General, Customs Valuation, Director General Surriya Ahmed Butt has decided to revise the Valuation Ruling No: 748/2015 on April 26, 2018, it is learnt. Surriya Butt said the department was reviewing suggestions from various importers to set the new prices of Viscose Fabrics. She said some valuations, which were issued in 2015, were being reviewed from the ... Read More »

DG Valuation revises customs values of dyes vide VR No 1274

  KARACHI: The Directorate General of Customs Valuation has revised the customs values of dyes Valuation Ruling No: 1274/2018 under Section 25A of the Customs Act-1969. Earlier the customs values of different dyes were determined vide Valuation Ruling No. 174/2009 dated 28.10.2009. The existing valuation ruling is more than eight years old, and it required to be revised in line ... Read More »

Evasion of taxes and duties of Rs12.89m detected by PCA Directorate

KARACHI: The Directorate Customs, Post Clearance Audit, has uncovered an evasion of duties and taxes of Rs12.89million committed by M/s Elyas Plastic and Export Karachi, it is learnt here. Sources told Customs Today that M/s Elyas Plastic and Export Karachi imported a consignment of special quality of plastic Dana and six molding machines and their parts and got them cleared ... Read More »

Quetta Customs foils bid to smuggle Iranian HSD, brake oil worth Rs4.42m

QUETTA: The Directorate of Customs Intelligence and Investigation has foiled a bid to smuggle Iranian High Speed Diesel (HSD), brake oil and grease worth Rs4.42 million. Sources told Customs Today that Director Customs Intelligence and Investigation Muhammad Akram Chaudhary received a tip-off that some smugglers are trying to smuggle Iranian origin High Speed Diesel (HSD) and other things from Quetta to other ... Read More »

Gwadar Customs impounds several contraband items & drugs in 23 days

KARACHI: The Customs Collectorate Gwadar has seized a large number of smuggling items including hashish, bottles of wine, Iranian diesel, blankets, shawls, mobile phones and so many other things worth Rs8.88million in 23 days of March. Source said the Customs Collectorate Gwadar has impounded a big quantity of international quality of smuggling hashish and non-custom-paid artificial jewellery valued at Rs2.12million ... Read More »

DG Valuation revises customs values of artificial flowers, material

KARACHI: The Directorate General of Customs Valuation has revised the customs values of artificial flowers and material through Valuation Ruling No: 1271/2018 under Section 25A of the Customs Act-1969. The customs values of artificial flowers were notified vide Valuation Ruling No.749/2015 on June 15, 2015. Since the valuation ruling was more than two years old and it was brought to ... Read More »

Customs Export retrieves outstanding dues of Rs17.97m from defaulters after notices served

KARACHI: The Customs Export has recovered an evaded amount of taxes and duties of Rs17.97million from defaulter companies which were issued with notices to pay the arrears on Thursday. Sources told Customs Today that, during a scrutiny of the import data, it was revealed that M/s Hanif Marble and Export availed undue benefits and concessions by importing different consignments of ... Read More »

Evasion of duties & taxes of Rs9.58m by M/s Momal Medical Accessories uncovered

KARACHI: The Directorate Customs, Post Clearance Audit, has detected an evasion of duties and taxes of Rs9.58million committed by M/s Momal Medical Accessories, it is learnt. Sources told Customs Today that M/s Momal Medical Accessories imported a consignment of different kinds of medical accessories including imported wheelchairs, and got them cleared from the PICT Karachi vide GDs on December 8, ... Read More »

Final notice causes retrieval of Rs5m from M/s Kashi Computers Karachi

KARACHI: The Customs Adjudication-II served a final notice on a defaulter company named M/s 125 Autos, and recovered Rs5million from M/s Kashi Computers Karachi. M/s 125 Autos was involved in tax evasion. The company imported different types of bike parts consignment on December 12, 2017 and used the wrong PCT heading. The consignment was cleared by Examiner Shakeel Rana. After ... Read More »

Customs values of ethyl, mythel, acetate & butyle acetate revised

KARACHI: The Directorate General of Customs Valuation has revised the customs values of chemicals, ethyl, mythel, acetate and section butyle acetate vide Valuation Ruling No: 1272/2018 under Section 25-A of the Customs Act-1969. Earlier, the customs values of the subject chemicals were determined vide Valuation Ruling No.1023/2017 on January 30, 2017. There were several representations from importers and Pakistan Chemicals ... Read More »

Valuation Ruling No: 922/2016 due to be revised by Surriya on 8th of May

KARACHI: The Directorate General, Customs Valuation, Director General Surriya Ahmed Butt has decided to revise the Valuation Ruling No: 922/2016 on 8th of May, 2018, it is learnt here. Surriya Butt said the department is reviewing suggestions from various importers to set the new prices of energy drinks (HS Code 2202.1010). She said some valuations issued in 2016 are being ... Read More »

DG Valuation revises customs values of nylon yarn vide VR No 1270

KARACHI: The Directorate General of Customs Valuation has revised the customs values of nylon yarn vide Valuation Ruling No: 1270/2018 under Section 25-A of the Customs Act-1969. According to the details, there was a representation from Pakistan Yarn Manufacture Association (Pakistan), wherein they contended that value of subject item needs to be aligned with international values. They requested to determine ... Read More »

Customs PCA detects tax evasion of Rs 11.25m by M/s Shahid Mokeem & Company

KARACHI: The Directorate of Customs Post Clearance Audit has detected duties and tax evasion of Rs 11.25 million by M/s Shahid Mokeem and Company, it is learnt. Sources told Customs Today that M/s Shahid Mokeem and Company imported a consignment of commercial molding machines and its parts, and got it cleared from the Port Qasim vide GDs on August 22, ... Read More »

Customs Export recovers Rs 13.64m from defaulter companies

KARACHI: The Customs Export has recovered evaded amount of taxes and duties of Rs 13.64 million from defaulter companies which were issued with notices to pay the outstanding dues. Sources told Customs Today that during the scrutiny of the import data, it was revealed that M/s Usman Carpets availed undue benefits and concessions by importing different consignments of new and ... Read More »

Tax evasion committed by M/s Wasif & Sons uncovered

KARACHI: The Research and Development Section of the Model Customs Collectorate Appraisement-East has detected a case of tax evasion of Rs12.50million by importer M/s Wasif & Sons on misusing the SRO811 (me) /2009. Source said the company imported two consignments of curtain fabrics. When the R&D Section conducted inquiry and physical inspection of the consignments then it was revealed that ... Read More »

M/s Nisar Traders served show cause notice for tax evasion

KARACHI: The Collectorate of Customs Adjudication-II has issued a show-cause notice on Tuesday against M/s Nisar Traders in connection with the tax evasion of Rs3.58million of Additional Sales Tax (AST) and Income Tax of Rs241258 by misusing the SRO 1125 (I) 2011. Importer M/s Nisar Traders on its import of fabric folding machines and parts evaded the said tax on ... Read More »

Customs Export retrieves arrears of Rs10.18m from defaulter companies after notices served

KARACHI: The Customs Export has recovered an evaded amount of taxes and duties of Rs10.18million from defaulter companies which were issued with notices to pay the outstanding dues on Monday. Sources told Customs Today that, during scrutiny of the import data, it was revealed that M/s Sunshine Traders Hyderabad availed undue benefits and concessions after importing different consignments by misusing ... Read More »

Evasion of taxes & duties of Rs8.54m committed by M/s Hurain Garments uncovered

KARACHI: The Directorate of Customs Post Clearance Audit has unearthed evasion of duties and taxes of Rs8.54million by M/s Hurain Garments (Gulbae) Karachi, it is learnt here. Sources told Customs Today that M/s Hurain Garments (Gulbae) Karachi imported a consignment of fabric roller machines and their parts and got them cleared from the Port Qasim Karachi vide GDs on December ... Read More »