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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

Customs valuations of different chemicals issued

KARACHI: The Directorate General of Customs Valuation has determined the Customs values of chemicals in the Valuation Ruling (VR) No. 609/2013 under Section 25-A of the Customs Act, 1969. The department has issued the Valuation Ruling of around 26 chemicals including Boric Acid having PCT 2810.0020, proposed PCT for WeBOC is 2810.0020.1000 and Customs Values (C&F) at $0.90 per kilogram ... Read More »

Online taxpayers in worry

KARACHI: The government has granted exemption to the taxpayers having an annual income of less than one million rupees. However, it has not yet been updated on FBR’s official website due to which the taxpayers are facing problems in filing their income tax returns. FBR’s official website is not accepting income tax returns without wealth statement which is not required ... Read More »

Directorate of Reforms & Automation for bringing drastic changes in WeBOC

KARACHI: The Directorate of Reforms and Automation, Customs House, Karachi, which was previously known as WeBOC Project is putting strenuous efforts to bring drastic changes in WeBOC by including remaining modules of One Customs like baggage, auction, jewelry and gems, import/export and Afghan Transit Trade. One of the Customs officials in the Directorate of Reforms and Automations told Customs Today ... Read More »

MCC Preventive seizes smuggled goods worth Rs24,950,000

KARACHI: The Model Customs Collectorate (MCC) Preventive seized the smuggled goods including diesel, foreign currencies and heroin worth Rs 24,950,000 during its anti-smuggling raids on November 5 and 7. According to the details, a team of Anti-Smuggling Organisation (ASO) under the supervision of MCC Preventive officials raided at Jewani, Gwadar Port and seized a launch Al-Zakaria from deep sea containing ... Read More »

Directorate General Customs I&I uncovers under-invoicing scandal

KARACHI: The Directorate General of Intelligence & Investigation (Customs) Karachi has uncovered a scandal of under-invoicing on the import of kraft liner board and sack kraft paper. Meanwhile, Directorate General of Customs Valuation Karachi has released new Customs values of above said items under section 25-A of the Customs Act, 1969 for accurate assessment of Customs duty at import stage. ... Read More »

Suspension of 13 SPOs, POs of MCC Port Qasim flayed

KARACHI: The Senior Preventive Officers (SPOs) and Preventive Officers (POs) have expressed their concerns over the suspension of their 13 colleagues for allegedly clearing 40 to 45 consignments without duty tax during 2012-13. One of the SPOs while talking to Customs Today said that it is a injustice to suspend the SPOs and POs only, as the Principal Appraisers (PAs) ... Read More »

Goods transporters call off strike after successful talks with Ishaq Dar, Governor Sindh

KARACHI: Goods transporters have called off their prolonged strike after successful talks with Finance Minister Ishaq Dar, Governor Sindh Ishratul Ebad, Ports and Shipping Minister Kamran Michael and other high officials of Sindh Government. Shakoor Alam, senior member of United Goods Transporters Alliance, while talking to Customs Today confirmed that they have called off their strike after successful talks with ... Read More »

Over 200 containers ‘confiscated’ by police during Muharram

KARACHI: The city police have started confiscating containers and heavy vehicles forcibly for cordoning off the main arteries and roads owing to security reasons on 8th, 9th and 10th Muharram amid the strike called by the transporters’ bodies. According to the survey conducted by Customs Today, the Karachi Police have impounded over 200 containers to block some major roads and ... Read More »

Transporters vow to continue strike till acceptance of demands

KARACHI: The country’s poor economy is undergoing another bad period, as the strike of United Goods Transporters Association (UGTA) and its other ally bodies has entered the seventh consecutive day. The leaders of transporters’ bodies, during the demonstration at Kharadar truck stand, have vowed to continue their strike till the fulfilment of their demands. Addressing to the protesting transporters, UGTA ... Read More »

TCP seals another deal on urea import

KARACHI: Trading Corporation of Pakistan (TCP) has sealed another deal for the import of 0.1 million tons of urea and accepted the bid of M/s Keytrade. M/s Keytrade’s bid was the lowest among three others as it offered bid of $352.80 per ton and it also deposited the bid guarantee. M/s Dreymore Fertilizer’s bid was the second lowest with $354.46 ... Read More »

Customs values of arms, ammunition, gas stoves issued

KARACHI: The Directorate General of Customs Valuation, Customs House Karachi has determined the Customs Values of arms and ammunition (Pistols 9mm and 30 Bore of Chinese origin) and gas stoves including its parts through Valuation Rulings No. 608/2013 and 607/2013 respectively under Section 25-A of the Customs Act, 1969. The Customs Value (C&F) of the Pistol 9mm, (Chinese origin) having ... Read More »

All NBP branches to receive Customs duty payments in Karachi

KARACHI: Importers and Customs agents are being given facility of paying customs duty and other payment at all the designated branches of National Bank of Pakistan in Karachi. Pakistan Revenue Automation (Pvt) Limited (PRAL) is working on the process to facilitate the taxpayers and in this regard, all the NBP-designated branches will start receiving payments from the next month. Earlier, ... Read More »

Gwadar Customs officials arrest smugglers after exchange of firing

GWADAR: Model Customs Collectorate (MCC) Gwadar, during an anti-smuggling operation, has arrested smugglers of Afghan transit goods. Chief Collector Enforcement South, Customs Collectorate Gwadar’s Anti-Smuggling Staff, acting on a tipoff, intercepted a couch loaded with Afghan transit smuggled goods like cigarettes and Gutka. The coach was escorted by a Toyota premio car, which opened fire on the Customs. The Customs ... Read More »

6-day long transporters’ strike incurs Rs250m loss to economy

KARACHI: The 6-day long strike of goods transporters has caused loss of around Rs 250 million to the economy. The premium body of the transporters i.e. United Goods Transporters Association (UGTA) with the alliance of other transporters bodies including Transporters of Goods Association (TGA) and others had called an indefinite strike on Wednesday (November 8) against non-acceptance of their Charter ... Read More »

FBR accepts demands of transporters

KARACHI: The Federal Board of Revenue (FBR) has accepted several demands of transporters. According to Spokesman FBR Shahid Asad, FBR has imposed same tax tariff for Goods Transporters as it was imposed for oil tankers association. The Spokesman FBR further informed that the advance tax on weight has been decreased by Rupee 1 per kilogram; it was previously Rs 2 ... Read More »

Transporters strike: Trade activities come to a grinding halt

KARACHI: At least 6,000 containers are stuck at Karachi Port and Port Qasim due to goods transporters strike and the country is enduring colossal financial losses due to the pileup of export shipments and outbound cargoes at the ports. President Goods Transporters Association Karachi Port Trust (KPT) Haji Anwer Somroo complained that the civil administrations of Sindh and Punjab have ... Read More »

MCC Preventive suspends 12 officials including POs and SPOs

KARACHI: The Collector (MCC) Preventive Syed Muhammad Tariq Huda has suspended 12 officials of the Collectorate. According to details, the Collector MCC Preventive has issued orders for the suspension of 12 officials including Preventive Officers (POs) and Senior Preventive Officers (SPOs) in their alleged involvement in missing records of imports and exports at different check posts. The sources informed Customs ... Read More »

Minister directs Secy to hold talks with goods transporters to end strike

KARACHI: Provincial Minister for Transport Mumtaz Jakhrani has directed the Secretary Transport to convene a meeting of goods transporters immediately and resolve their issues to end the strike. According to a handout, taking notice of the strike called by goods transporters, the Minister asked the officials concerned to resolve the complaints of the transporters with their consultation. It may be ... Read More »

Customs seizes smuggled goods worth Rs3m

KARACHI: The Anti-Smuggling Organisation, MCC Preventive Karachi seized smuggled and non-duty paid goods from a passenger bus bearing No BSA-853 worth Rs 30,00,000. The goods include foreign origin cigarettes 78,000 packets worth Rs 31,22,500, Indian gutka 477,800 pouches worth Rs 4,778,000, 40 tyres worth Rs 171,872, face creams 142 worth Rs 43,200, cooking oil 82 cans (Malaysian) worth Rs 94,530 ... Read More »

Goods transporters to continue strike if demands not met: Khalid Khan

KARACHI: The trade and business activities are badly affected in the city, as the strike of the premier body of the transporters i.e. United Goods Transporters Association (UGTA) against the non-acceptance of their demands, has entered 6th day. The transporters’ body has made following demands to the government: reduce the rate of advance income tax imposed by Federal Board of ... Read More »