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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

LHC restricts FBR for issuance of tax notices of previous period

LAHORE: Lahore High Court (LHC) restricted the Federal Board of Revenue (FBR) for issuance of tax notices to taxpayers beyond five years. LHC directed Federal Board of Revenue not to issue tax notices to those taxpayers of previous five years till further order. Justice Muhammad Furrukh Irfan of Lahore High Court (LHC) heard the petition filed by M/s Mughal Steel ... Read More »

Customs ASO foils bid to smuggle foreign origin fabric worth Rs10.5m to Karachi

LAHORE: Collectorate of Customs Anti-Smuggling Organization (ASO) foiled an attempt to smuggle huge quantity of non-customs paid fabric from Lahore to Karachi. Sources told Customs Today that Additional Collector Tayyaba Kiyani received credible information about smuggling of foreign origin fabric. She immediately constituted a team comprising Inspector Sajjad Bukhari, Inspector Abdul Rehman Butt and Abul Hasan. The ASO team held ... Read More »

Customs officers elects Zeba Hai Azhar unopposed president

LAHORE: Pakistan Customs Officers Association (PCOA) has elected Zeba Hai Azhar as President of the Association unopposed.  Source said that Zeba Hai Azhar besides being experienced and intelligent customs officers is also very social and well-contacted and thus can better understand officers’ issues’ and lead them. Zeba has been working on various posts in the customs department and enjoys a ... Read More »

FBR holds session with stakeholders to develop track, trace system for tobacco products

LAHORE: Federal Board of Revenue (FBR) has held a wide-ranging, interactive session with the stakeholders, including representatives from the World Bank, to develop and implement a track and trace system for the tobacco products. As per details, the deliberations were made as part of a workshop arranged by FBR which was attended by representatives of the Cigarette Industry, IT Solutions ... Read More »

Customs I&I to hold auction of NDP goods, vehicles on 28th

LAHORE: Directorate of Customs Intelligence and Investigations (I&I) will hold auction of non-duty paid goods and vehicles lying at State Warehouse on December 28, 2018. According to the details, huge quantity of non-duty paid goods which includes Siemens brand generator, iron drums, plastic tarpal, new nature tubes, used picture tubes, Sony brand LED digital, Samsung LED colour, foreign origin LED ... Read More »

Deputy Collector Moazzam Raza transfers two preventive officers

LAHORE: Collectorate of Customs Preventive Deputy Collector Headquarters Muhammad Moazzam Raza has issued orders for transfer and posting of two preventive officers with immediate effect and until further orders. According to the notification, Preventive Officer Muhammad Umar Farooq, who was posted at Airport (Traffic) and Preventive Officer Ishtiaq Ahmad who was posted at Customs General Post Office (GPO) are hereby directed to ... Read More »

Czech model charged for smuggling heroin changes statement

LAHORE: Czech model Teresa, arrested for attempting to smuggle heroin to the United Arab Emirates (UAE), has changed her statement. The 21-year-old model was taken into custody from the Allama Iqbal International Airport in January when she attempted to smuggle 9kg heroin to UAE. Drugs worth Rs150 million were recovered from her luggage. The woman had managed to pass through ... Read More »

Customs foils bid to smuggling of foreign currency from Lahore airport

LAHORE: Collectorate of Customs team at Allama Iqbal International Airport foiled a bid to smuggle a huge amount of foreign currency and arrested a Chinese national and a Pakistani citizen. Sources told Customs Today that during checking of passengers who were going to depart for Bangkok through Thai Airways, Customs Airport team intercepted a passenger who was later identified as Leronui ... Read More »

Special bench at SC decides 122, LHC 265 tax related cases

LAHORE: Special Tax Benches have been constituted in the Supreme Court of Pakistan and the Lahore High Court for hearing of Tax related cases. Special bench at the Supreme Court of Pakistan has decided over 122 cases whereas the special bench at the Lahore High Court has decided over 265 tax related cases. The Federal Board of Revenue had earlier ... Read More »

SC forms JIT to probe into DTH devices smuggling

LAHORE: The Supreme Court has constituted a joint investigation team (JIT) headed by the Federal Investigation Agency (FIA) director general to thoroughly probe into a case related to smuggling of Direct to Home (DTH) devices into the country from India via Sri Lank and Dubai. “Let a JIT comprising representatives of the FlA, Pemra [Pakistan Electronic Media Regulatory Authority], PTA ... Read More »

LHC bars FBR from sales tax audit of commercial importers

LAHORE: Lahore High Court (LHC) has restricted the Federal Board of Revenue (FBR) from sales tax audit of commercial importers and issued a stay order on M/s SI Trading appeal. As per details of the case, Justice Shahid Karim of Lahore High Court (LHC) heard the appeal filed by M/s SI Trading in which the counsel for appellant Muhammad Mohsin Virk advocate ... Read More »

Customs Appellate Tribunal sets aside ONO on appeal filed by M/s Shengshan Resource Pvt Ltd

LAHORE: Customs Appellate Tribunal set aside Order-in-Original issued by Customs Adjudication on an appeal filed by M/s Shengshan Resource Private Limited. The appeal was filed by Deputy Director, Post Clearance Audit (PCA). Muhammad Sadiq, member technical bench-II, heard the arguments submitted by the appellant and respondent and decided the case with arguments that impugned order is set aside and ordered the ... Read More »

LHC moved against banning non-filers from purchasing a vehicle

LAHORE: A petition has been filed in Lahore High Court against the restriction imposed by the government on non-filers to purchase or book new cars. The petition was filed on constitutional grounds, i.e. it violates the fundamental rights of a person. The honourable high court has accepted the petition and has asked the government and concerned departments, such as the ... Read More »

Customs I&I recovers huge quantity of electronics items from Temple Market

LAHORE: Directorate of Customs Intelligence and Investigation (I&I) team raided a godown belonged to M/s Ahmed Systems located in Mian Market Temple Road and recovered huge quantity of electronics items. Sources told Customs Today that Director Customs Intelligence and Investigation Rubab Sikandar credible information that huge quantity of electronics and dumped in some godowns located in Mian Plaza. She immediately ... Read More »

Number of taxpayers increased by 30pc to 1.4m in a year: Hammad Azhar

LAHORE: Minister of State for Revenue Hammad Azhar has said that number of taxpayers in the country have increased by 30 per cent during a year, while the Federal Board of Revenue (FBR) has issued notices to further 20,000 non-filers. Addressing a press conference at Directorate General Public Relations (DGPR) Punjab, he said that so far 1,400,000 (1.4 million) taxpayers ... Read More »

FBR extends date for integration of PoS with online system till Dec 21

LAHORE: Federal Board of Revenue (FBR) on Wednesday extended the date for Point of Sales (PoS) integration with the online system of the Board till December 21. As per an SRO as provided in clause (b) of rule 150ZEE of the Sales Tax Rules, 2006, the eligible taxpayers intending to avail the benefit of reduced rate as provided in condition (xv) ... Read More »

Customs Appellate Tribunal reduces penalty on M/s Ahmed Hassan Textile Mills

LAHORE: Customs Appellate Tribunal settled the case filed by M/s Ahmed Hassan Textile Mills against Collector of Customs Adjudication Faisalabad and others. After hearing both parties, Muhammad Sadiq, member technical bench-II passed a judgment with remarks that there is no need to interfere in principal liability of Rs2,014,497 in taxes and duties and penalty of Rs500,000 is reduced to Rs100,000. ... Read More »

FBR organises training workshop on FATF for Excise officers

LAHORE: A training programme was organised under the auspices of the Directorate General (DG) Intelligence & Investigation (I&I) Inland Revenue, Islamabad held here at Regional Tax Office (RTO) Lahore on Wednesday. The basic purpose of the training programme was the creation of awareness among the officers of Excise & Taxation Department regarding important points of the plan under Financial Action ... Read More »

Customs GPO seizes heroin worth Rs40m from consignment

LAHORE: Collectorate of Customs Preventive team deputed at General Post Office (GPO) foiled a bid to smuggle four kilograms of heroin worth Rs40 million. Sources told Customs Today that the heroin was tactfully hidden in the utensil and was destined for the United Kingdom. Collector Preventive Jamil Nasir Khan directed to register a case against the persons who booked the consignment. ... Read More »

Customs Appellate Tribunal reduces penalty on M/s Consolidated Engineering

LAHORE: Customs Appellate Tribunal on Tuesday modified the Order-in-Original and accepted the appeal filed by M/s Consolidated Engineers against Deputy Collector of Customs, AFU, Preventive Lahore. As per brief history of the case, appellant M/s Consolidated Engineers imported a consignment of glass parts of Chandeliers and filed the GD No LPAF-HC-60551 declaring value of Euro 684.50 and duty and taxes were ... Read More »