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Karachi

Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

Violation of SRO421: Appraisement-East, Port Qasim initiate recovery of Rs20m

KARACHI: The MCC-Appraisement (East) and MCC-Port Muhammad Bin Qasim have initiated the recovery process pertaining the import of steel billets in violation of SRO421(I)/2014, it is learnt here. The sources informed Customs Today that the authorities concerned agreed with the audit paras sent by the Directorate General of Internal Audit-Customs consisting of Rs 20 million, pointing out short recovery of ... Read More »

Auction of confiscated vehicles, cell phones, tea on Nov 28

  KARACHI: Vehicles and other goods confiscated by the Directorate General of Customs Intelligence and Investigation would be auctioned on November 28 at CPF Bonded Warehouse Rasheedabad, Karachi. Four vehicles; a Toyota Corona Car model 1991 bearing Registration No V-7486; a Toyota Crown car model 1997 and Registration No PJ-926; a 1994 model Mercedez Benz with Registration No A-0333 and ... Read More »

PTCL submits 100-page reply in tax evasion case

  KARACHI: The Pakistan Telecommunication Company Limited (PTCL) has submitted a 100-page reply in the Collectorate of Customs Adjudication-I in tax evasion case. Sources informed Customs Today that Customs Adjudication-I Collector Dr Farid Iqbal Qureshi had fixed the hearing of PTCL tax evasion case for 24 November. The collectorate in the last hearing on 13 October asked the departmental representative ... Read More »

 Rizwan assumes office of Appraisement-East DC headquarters

  KARACHI: Rizwan Bashir has assumed the charge of Deputy Collector (headquarters) at the Model Customs Collectorate of Appraisement-East. The slot fell vacant after Rehmatullah Vistro was made second secretary, Federal Board of Revenue (headquarters). According to the transfer and posting notification of 30 officers of Pakistan Customs Service (BS 17-19) issued by the FBR on 18 November, five more ... Read More »

FBR Chief Bajwa chairs meeting at Port Qasim Collectorate

Chairman Bajwa lauds measures taken by MCC Port Qasim for examination of containers at Qasim International Container Terminal   KARACHI: Federal Board of Revenue (FBR) Chairman Tariq Bajwa on Monday visited Model Customs Collectorate (MCC) of Port Qasim and chaired a meeting. MCC-Port Qasim Collector Surraiya Butt, Additional Collectors Irfan Javed, Ehsan Ali Shah and other officers attended the meeting. ... Read More »

Internal Audit DG Rubina Wasti to recover Rs 150m short revenue collections

KARACHI: The Directorate General of Internal Audit-Customs has sent audit paras of around Rs 150 million to the Customs Collectorates of Lahore, Rawalpindi, MCC-Appraisement-West and Air Freight Unit (AFU) Karachi against a revenue shortage in clearance of software downloaded from internet and CD, it is learnt. Sources informed Customs Today that the directorate has pointed out Rs 150 million after ... Read More »

FBR Customs Member Nisar visits Karachi, meets officials

 KARACHI: Federal Board of Revenue (FBR) Customs Member Nisar Muhammad Khan met officials of various Collectorates and directorates at the Members Conference Room on the fifth floor of the Customs House, Karachi on Saturday. According to sources, over two dozen top customs officials from various collectorates and directorates were present during the meeting. Important issues were discussed during the meeting. ... Read More »

Customs earns Rs 180m on import of 561 vehicles during July-October

KARACHI: During the first four months of the current fiscal year ended October 31, 561 vehicles were imported into the country. Rs 180 million customs duty was paid on these vehicles which had a cumulative value of over Rs 571 million. Statistics provided to Customs Today show that 435 used vans were imported during the period. The total value of ... Read More »

SHC seeks replies from Customs, interior ministry in rare turtle smuggling case

KARACHI: The Sindh High Court (SHC) division bench, headed by SHC Chief Justice Maqbool Baqar, has sought replies in smuggling of rare turtle case and called a report on the proceedings initiated by the Customs authorities. The court also directed deputy attorney general to file replies of the interior ministry and the climate change division on efforts to curb the ... Read More »

Appraisement East hosts farewell party for DCs Vistro,  Kalwar

KARACHI: A farewell party was hosted by the officers of the MCC of Appraisement-East on Saturday in honour of Deputy Director Rehmatullah Vistro and Deputy Director Yasser Wahab Kalwar who were transferred to Islamabad on November 18. The party hosted by the officers of the MCC Appraisement East during the lunch hour on the Mezzanine Floor, which is a part ... Read More »

Exporters want ANF to end un-necessary examination process  

KARACHI: The exporters are facing hardships in clearance of their consignments by the un-necessary hold of the Anti-Narcotics Force (ANF). Talking to the Customs Today on Saturday, they said that the un-necessary hold by the authorities concerned of ANF  are affecting the exports of the country and evident in delay of the export consignments which deprived of the country by ... Read More »

Excise Department starts crackdown on non-registered cars

KARACHI: The Excise and Taxation Department has started crackdown on non-registered and token tax defaulter vehicles. According to sources, as many as 148 cars have been checked out of which documents of 47 cars are seized for non-payment of token tax. An awareness campaign has been started on roads to educate the people in this regard. Stern action will be ... Read More »

Customs audit points Rs295m discrepancies by PTCL

KARACHI: The Directorate General of Internal Audit-Customs has made another significant development and sent audit paras of around Rs295 million to the Collectorate of Rawalpindi, MCC- Appraisement (East) and MCC-Appraisement (West) in terms of short revenue collection from M/s Pakistan Telecommunication Company Limited (PTCL), it was learnt here on Saturday. The highly-placed sources informed Customs Today that the authorities concerned ... Read More »

FBR urges officials to achieve tax collection target

KARACHI: The Federal Board of Revenue (FBR) has given directions to all field officers to achieve the tax collection target for the current fiscal year. Data received from field shows 14 to 15 percent growth while 24 percent is the target given by the FBR. The board has also ordered the officers to bring maximum people under tax net. Read More »

FBR ready to take stern action against tax defaulters

KARACHI: The Federal Board of Revenue (FBR) has completed preparations to act against tax defaulters. It has been suggested to double withholding tax on utility bills of tax defaulters and non-registered businesses. Another suggestion was to increase tax from 0.3 percent to 0.5 percent. Tax defaulters will have to pay 2 percent special excise duty on real estate, 17 percent ... Read More »

Adjudication-I to write Chief Collector Nasir about shortage of clerical staff

KARACHI: The Collector of the Collectorate of Customs Adjudication-I is considering writing a letter to Chief Collector-Appraisement (South) Nasir Masroor Ahmed about the shortage of skilled and competent staff in the Collectorate, it was learnt here on Saturday. The sources informed Customs Today that the Collector of the Collectorate of Customs Adjudication-I Dr Farid Iqbal Qureshi is considering writing a ... Read More »

Customs Intelligence unearths tax evasion by two packaging companies

KARACHI: The Appraising Intelligence Branch (AIB/R&D) of Model Customs Collectorate of Appraisement (West), in its continued recovery campaign, has recovered an amount of Rs 1 million from importers for their alleged involvement in misusing of SRO1125(I)/2011 in clearance of chemical master batch namely “Peony White”. According to details, the AIB/R&D, while scrutinising the import data of the importers M/s Irshad ... Read More »

NADRA likely to issue tax-payer cards before Dec15

KARACHI: The Federal Board of Revenue (FBR) assigned a task to National Database and Registration Authority (NADRA) for issuing cards to tax-payers which is about to complete. According to reports before December 15, 2014 these cards will be issued to all the tax-payers on their homes addresses who have submitted their tax returns in 2013. These cards will help FBR ... Read More »

Gwadar Collectorate seizes 2,500 Kg hashish, oil tanker

KARACHI: The Anti-Smuggling Organization (ASO) of Model Customs Collectorate (MCC) Gwadar, during a raid on Thursday night, seized 2,500 kilogram fine quality hashish (charas) worth Rs 50 million from Khurkherra check-post. According to details, the ASO team of MCC Gwadar recovered 2,500 kilogram hashish and confiscated an oil tanker worth Rs 3 million. MCC Gwadar Assistant Collector Tauseef Gorchani confirmed ... Read More »

WeBOC module for diplomatic cargoes under process

KARACHI: The Web Based One Custom (WeBOC) module for diplomatic cargoes is under development, sources told Customs Today. Sources also informed Customs Today that out of the 65 total WeBOC modules, about 49 have already been finalised while the remaining are under various phases of development which include the Reverse Afghan Transit Cargo module for cargoes entering Pakistan from Afghanistan. ... Read More »