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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

Importers face losses due to mismanagement at ports

KARACHI: The traders and importers have expressed concerns over filing of Import General Manifest (IGMs) by Shipping Lines and Port authorities, as the importers were paying hefty amount in form of demurrage and detention to the shipping lines due to alleged inefficiency of the authorities concerned. The importers were of the view that the shipping lines were not filing proper ... Read More »

Customs prepares database value of 240 items

KARACHI: The Pakistan Customs has prepared database values of 240 items and circulated it in all three Collectorates for uniformity of the customs valuation. According to details, the database values were actually the values available in data and specifically circulated for guidance of the assessment officials so that they may not apply values according to their own. Valuation rulings in ... Read More »

Expo Pakistan Exhibition postponed: TDAP chief Muneer

KARACHI: Trade Development Authority of Pakistan (TDAP) Chief Executive S M Muneer has disclosed that ‘Expo Pakistan Exhibition’ has been postponed for three months due to sit-ins in the federal capital. He said this while addressing a reception in his honour hosted by Federal B Area Association of Trade and Industry. Association President Sheikh Muhammad Tehsin, Patron-in-Chief Feroz Alam Lari, ... Read More »

Customs I&I reluctant to take action against mighty fabric importers

KARACHI: The Directorate General of Customs Intelligence and Investigation (I&I)-FBR, Karachi is reluctant to take any legal action against those importers whose fabric consignments was confiscated by the team of Anti-Smuggling Organization (ASO) during a raid at Allahwala Market near Lucknow Plaza, Customs Today has learnt. The sources informed Customs Today on Friday, “Political involvement in the case restricts the ... Read More »

Court issues non-bailable warrants for arms smuggler

KARACHI: The Customs and Taxation Court Special Judge Soofia Latif issued non-bailable warrants for Javed Sami, accused of smuggling arms and ammunition at Jinnah International Airport Karachi last month. Sami was caught with arms and ammunition in his personal baggage and remanded to FIA custody. Sources informed Customs Today that customs has recovered 25 parts of pistol and 97 magazines from ... Read More »

South Region Collectorates outline steps to promote trade, increase revenue

KARACHI: All the three Customs Collectorates of South Region have taken a number of measures to promote trade and enhance revenue collection. These measures have been chalked out by the Collectorates of MCC-Appraisement (East), MCC-Appraisement (West) and MCC-Port Muhammad Bin Qasim with the consent of Chief Collector-Appraisement (South) Nasir Masroor Ahmed. Under these measures, audit of WeBOC System has been ... Read More »

Qamar Alam elected KCAA president unopposed

KARACHI: Qamar Alam has won the Karachi Customs Agents Association (KCAA) election and elected president unopposed as Sheikh Muhammad Tariq, the other candidate for the same slot, withdrew his nomination papers on last day. Meanwhile, all the office-bearers of KCAA have also been elected unopposed. The KCAA members congratulated all the elected office-bearers including Naseem Askar, Senior Vice President; Mirza ... Read More »

Collector Saleem issues SOPs for vehicles clearance thru WeBOC

KARACHI: The Collector of Model Customs Collectorate of Appraisement (West) Muhammad Saleem has issued Standard Operating Procedure (SOPs) for clearance of vehicles through WeBOC system. The details of SOPs is given as: a dedicated “Document Endorsement and Scanning Cell (DEC) has been established in order to ensure correct implementation of the Trade Policy provisions and to facilitate the importers. The ... Read More »

33pc consignements being cleared through Green Channel: Collector Najeeb

KARACHI: MCC-Appraisement (East) Collector Najeebur Rehman Abbasi has said that Queue Management System (QMS) will be introduced at the Collectorate in the near future. The collector claimed that Pakistan Customs was the only state department wherein the public could approach officials/officers of BPS-11 to 21 merely in an hour time to get their problems resolved. Collector Najeebur Abbasi declared that ... Read More »

Customs lab needs improvement on war-footing basis: Collector Saleem

KARACHI: Model Customs Collectorate (MCC) of Appraisement (West) Collector Muhammad Saleem has admitted that the Customs Laboratory needs improvement on war-footing basis. Collector Muhammad Saleem assured the traders’ community that the Pakistan Customs was working on upgradation of the Customs Laboratory and the improvement would be inducted in the same field within 6 months. Responding on the grounding issues at ... Read More »

100 percent tracking of transit trade ensured: Director Ibrahim

KARACHI: Director Transit Trade Ibrahim Vighio has revealed that the Afghan Transit Trade has been fully streamlined with cent percent tracking throughout the journey. “Every single truck transporting transit trade cargo is fitted with a tracking device that not only detects any delayed stoppage at a scheduled stopover point but also at all scheduled stoppages. In all such cases, all ... Read More »

Customs Court issues IO’s warrant

KARACHI: Special Judge Customs & Taxation Court Soofia Latif issued bailable warrant of the Investigation Officer (IO) for not appearing in the court. The court issued the warrant because IO Khurram Saeed did not appear in the court on Thursday in a case pertaining to FIR No 1911/2014 registered by the Directorate of Customs Intelligence & Investigation (I&I), FBR on ... Read More »

Exporter fined by customs court over forgery

KARACHI: Customs and Taxation Court Special Judge Soofia Latif has imposed a penalty of Rs 10,000 on each of the seven counts in an export-related forgery case. The court fined one Kamran Mahmood s/o Mohammad Rafiq Rs10,000 each for seven cases. The fine has been deposited by Kamran, who is on bail.   Read More »

Chief Collector Nasir Masroor terms under-invoicing dilemma

KARACHI: Customs Chief Collector Appraisement-South Nasir Masroor Ahmed has said that the customs authorities issued valuation guidelines because principal appraisers and appraisers of the Pakistan Customs Services were not applying the customs values of commodities in proper way. He visited Karachi Chamber of Commerce and Industry (KCCI) on Wednesday. Collector MCC Appraisement-West Muhammad Saleem, Collector, MCC Appraisement-East Najeeb-ur-Rehman Abbasi, Collector ... Read More »

Importers dissatisfied over fresh valuation ruling of motorcycle parts

KARACHI: Importers and dealers of motorcycle spare parts have said that revised Valuation Ruling has failed to redress their grievances and concerns. Talking to Customs Today, the importers and dealers said that the Valuation Ruling 686/2014 dated September 15 was a mismatch of reduction and increase in the Customs values of the said motorcycle spare parts imports. They cited various ... Read More »

Valuation ruling of aluminum foil issued

KARACHI: The directorate general of customs valuation has determined the customs value of aluminum foil through Valuation Ruling No.686/2014 under Section 25-A of the Customs Act, 1969. The directorate general of customs valuation initiated the exercise to determine the customs values of aluminum foil after it was brought into its notice that the subject goods were being imported at under-invoiced ... Read More »

SC orders Dewan Cement to pay customs duty after 19 years

KARACHI: The Appraising Intelligence Branch of Model Customs Collectorate Appraisement-West is finally succeeded in managing its outstanding recovery of nearly Rs 80 million from Dewan Cement Limited (Pakland Cement) on its alleged involvement in tax evasion of Rs 86.84 million customs duty and sales tax. According to details, the case has been decided by Supreme Court of Pakistan (SCP) after ... Read More »

Customs Court imposes fine on four accused

KARACHI: Special Judge Customs & Taxation Court Soofia Latif Tuesday imposed a penalty of Rs 50,000 on four accused for possessing illegally imported cache of cigarettes, Sheesha tobacco and Gutka Pan Masala. Mohammad Sadiq s/o Haji Karam Khan; Zeeshan s/o Muhammad Aslam; Mohammad Hashim s/o Shujauddin and Nadeem Iqbal s/o Muzammil Hussain deposited the penalty. According to the details of ... Read More »

Customs I&I seizes truck of Irani rubber processing oil

KARACHI: The Anti-Smuggling Organisation (ASO) of Customs Intelligence and Investigation-FBR, Karachi on Tuesday seized a truck during a raid at RCD National Highway containing hundreds of liters of smuggled Irani Rubber Processing Oil (RPO) worth Rs 5.1 million. On a tip-off,  ASO Customs Intelligence and Investigation team confiscated the truck containing the oil worth Rs 5.1 million on the spot ... Read More »

Valuation ruling of motorcycle parts issued

KARACHI: The Directorate General of Customs Valuation has determined the Customs value of motorcycle parts through Valuation Ruling No 685/2014 under Section 25-A of the Customs Act 1969. The Customs values of motorcycle parts were earlier determined earlier vide Valuation Ruling No.664/2014 dated March 31,2014 and Amendment dated April 4,2014. However, the All Pakistan Motorcycle Spare Parts Importers & Dealers ... Read More »