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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

Cumbersome registration of ST discouraging manufacturing activities: LTBA

Govt should focus on early FBR restructuring: Ather Kiani LAHORE: It seems as a policy that Federal Board of Revenue (FBR) is discouraging manufacturing activities in Pakistan due to the cumbersome procedures of registration of sales tax (ST). The incumbent government should focus on early restructuring of the Federal Board of Revenue as its top priority to make it more ... Read More »

Customs Appraisement unearths Rs500m ‘mis-declaration’ scam

LAHORE: The Collectorate of Customs Appraisement (MCC) Lahore, has unearthed a ‘mis-declaration’ scam involving over Rs500 million customs duty. Sources said that M/s Haji Sh Nooruddin & Sons was involved in misusing of SRO 326 and 327 (I) 2018 dated 29.03.2008 under the export-oriented license No. 08/LHR/EOU/2008. The said company was importing duty-free raw material under the export-oriented scheme and ... Read More »

FTO reserve verdict of appeal filed by M/s Prime Paper Mills

LAHORE: Federal Tax Ombudsman (FTO) Advisor Mian Munawar Ghafoor has reserved a verdict of a tax refund appeal filed by proprietors of M/s Prime Paper Mills against the Regional Tax Office (RTO-II) Lahore. During the proceedings of the case, the counsel for the appellant argued that the RTO-II had failed to release the sales tax refund to the appellant since ... Read More »

FBR launches Electronic Return for companies

LAHORE: The Federal Board of Revenue (FBR) Wednesday launched Electronic Return for Companies for Tax Year 2018, it is learnt here. The FBR said that the draft of certain further amendments in the Income Tax Rules, 2002 which the Federal Board of Revenue proposes to make in exercise of the powers conferred by Sub-Section (1) of Section 237 of the ... Read More »

Son of Customs Inspector Farrukh Amin dies in road accident

LAHORE: Collectorate of Customs Appraisement Mughalpura Dry Port Inspector Farrukh Amin’s son Faraz Amin died in a tragic road accident on Thursday. All staff members of Customs Today also expressed their deep sorrow and grief over the sad demise of Inspector Farrukh Amin son. They prayed to Almighty Allah to rest the departed the soul in eternal peace and grant courage ... Read More »

Customs ASO seizes 3500 android mobile phones from Hall Road

LAHORE: Collectorate of Customs Preventive Anti-Smuggling Organization detained 3500 android mobile phones worth Rs25 million from a godown located at Hall Road. Sources told Customs Today on 4.9.2018 that Additional Collector Tayyaba Kayani  received credible information that huge quantity of non-customs paid mobile phones are dumped in a godown located at Hall Road. She immediately constituted anti-smuggling squad under the supervision ... Read More »

FTO seeks record of tax refund appeal filed against RTO-II

LAHORE: Federal Tax Ombudsman (FTO) sought relevant record from parties in implementation appeal filed by Nizam Din Traders & Sons against the Regional Tax Office (RTO-II) Lahore. On 4.8.2018, during the proceedings of case, the counsel for the appellant argued that the RTO-II had failed to release the sales tax refund to the appellant since last two years. He said ... Read More »

Customs ASO impounds goods & vehicle worth Rs22m from Brandreth Road

LAHORE: Collectorate of Customs Anti-Smuggling Organization impounded over Rs 22 million illegally imported goods and articles and vehicles. Sources told Customs Today on 3.9.2018 that on specific secret information of Additional Deputy Collector Tayyaba Kayani, the Anti-Smuggling Organization under the supervision of Deputy Collector Muhammad Moazzam Raza and Superintendent Agha Qadeer Haider after obtaining search warrants from the court, raided ... Read More »

LHC suspends tax recovery notice of Rs199m to Jahangir Tareen

LAHORE: The Lahore High Court (LHC) suspended Rs 199.1 million tax recovery notices served on Jahangir Tareen Sugar Mills JWD. On 3.9.2018, Justice Shahid Waheed heard the case in which counsel of appellant on behalf of the administration of JWD Sugar Mills argued that the Federal Board of Revenue (FBR) issued Rs 199.1 million tax recovery notices. He further said ... Read More »

Customs Appraisement posts 31pc growth during August: Collector Jamil Nasir Khan

LAHORE: Collectorate of Customs Appraisement collected Rs3767 million during the month of August showing growth of 31 percent during. Collector Jamil Nasir Khan while presiding over monthly revenue collection meeting on 1.9.2018 expressed his satisfaction on overall performance of the Collectorate. The meeting was held at Mughalpura Dry Port. Jamil Nasir Khan said that the Collectorate has surpassed target of ... Read More »

Gul Rehman, Agha Shahid, M. Sadiq appointed as Member Technical

LAHORE:  Ministry of Law and Justice issued a notification for appointment of three officials of Pakistan Customs Service (PCS) as Member Technical of Customs Appellate Tribunals in Karachi, Lahore and Quetta. The notification stated that in exercise of powers conferred by sub-section 3 of Section-194 of the Customs Act 1969, the federal government appointed Agha Shahid Majeed Khan (PCS/BS-20) as ... Read More »

Customs Appellate Tribunal accepts appeal filed by 22 importers

LAHORE: Customs Appellate Tribunal on Tuesday set aside Order-in-Original (ONO) passed by the collector of customs (Adjudication) Lahore in short payment of duties and taxes in imported potato case. The case was filed by M/s Usman Traders, M/s Umar & Co, M/s Sajid Enterprises, M/s Thoko Impex and eighteen others against collector of Customs Adjudication Lahore, assistant collector of Customs ... Read More »

FTO orders to implement order in tax refund appeal

LAHORE: Federal Tax Ombudsman (FTO) on Tuesday heard a case filed by proprietors of M/s Abbas & Brothers against the Regional Tax Office (RTO-II) Lahore and ordered to implement the order passed earlier. During the proceedings of case, counsel for the appellant argued that RTO-II had failed to release the sales tax refund to the appellant since last two years. ... Read More »

LHC extends stay against recovery of advance tax from marriage halls

LAHORE: The Lahore High Court has granted time to federal government and Federal Board of Revenue (FBR) to file their replies as well as extended stay against recovery of advance tax from marriage halls. Justice Shahid Jamil Khan issued this order while hearing petitions moved by owners of the marriage halls, hotels, commercial lawns and clubs challenging amendment to Section ... Read More »

No protocol at Allama Iqbal International Airport: Collector Jamil Nasir Khan

LAHORE: Customs Collectorate of Preventive Lahore Collector Jamil Nasir Khan has directed the staff deputed at Allama Iqbal International Airport to check the luggage of passengers as per the standard operating procedure provided under the law. A standing order issued by the collector stated that now protocol will be provided to any passenger. The collector has also advised the staff ... Read More »

Assistant Collector Palwasha Syed distributes work among staff of LFU

LAHORE: Collectorate Of Customs Preventive Assistant Collector Palwasha Syed has issued a notification for distribution of work amongst the ministerial staff of Land Freight Unit (LFU) Wagha with immediate effect and until further orders. The notification stated that DEO Noman Chishti will perform his duties as PA to additional deputy collector, DEO Muhammad Imlaq will work at ATT feeding, adjudication/ ... Read More »

Customs I&I to hold auction of NDP goods & vehicles on August 30

LAHORE: Directorate of Customs Intelligence and Investigations (I&I) will hold auction of non-duty paid goods on August 30 to generate handsome revenue. The goods which will be presented for auction includes Siemens brand electric generator tube, foreign origin grease in iron drums different brands, tyre for cars, foreign origin plastic tarpal, Chinese origin tubes, foreign origin jack for light vehicles, ... Read More »

Customs Appellate Tribunal orders to re-asses value of PVC sheets

LAHORE: Customs Appellate Tribunal has ordered to respondent to re-assess the value of impugned Panaflex/ banner sheets @ $1.10 per kilograms in consequence with Valuation Ruling No. 988/2018. The appeal was filed by the Collector of Customs, Dry Port Mughalpura Lahore against Khurram Azhar, owner of M/s Astron Tech Inch Lahore. Omer Arshed Hakeem member Judicial, bench-II heard the case ... Read More »

FTO hears tax refund appeal against RTO-II

LAHORE: The Federal Tax Ombudsman (FTO) has accepted a tax refund appeal filed by proprietor of M/s Marjan General Trading, Data Gunj Buksh Town against the Regional Tax Office (RTO-II) Lahore. Advisor Muhammad Zahiruddin heard the appeal. During the proceedings, the counsel for the appellant argued that the RTO-II had failed to release the sales tax refund to the appellant ... Read More »

FBR Chairperson Rukhsana Yasmeen visits Customs I&I to review anti-smuggling measures

LAHORE: Federal Board of Revenue (FBR) Chairperson Rukhsana Yasmin visited the Directorate of Customs Investigation and Intelligence. Sources told Customs Today on Friday the FBR chairman was given briefing about the customs investigations and intelligence all across the country.  It was informed that due to the rising smuggling activities the FBR chairperson instructed the Customs I&I Director General Shaukat Ali ... Read More »

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