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FBR recovers Rs 105.7m by attaching account of Pakistan Engineering

LAHORE: The Federal Board of Revenue (FBR) Regional Tax Office-I (RTO-I) recovered Rs 105.7 million by attaching the bank accounts of Pakistan Engineering Company. The RTO-I has frozen the bank accounts of Pakistan Engineering Company in July in order to recover the evaded tax. Earlier, RTO-I issued notice to the accused company for the payment of income tax but it ... Read More »

Customs Hyderabad seizes smuggled oil worth Rs7.7m

KARACHI: Directorate General Customs Intelligence and Investigation ( I and I) of the Federal Board of Revenue (FBR) Hyderabad has foiled an attempt to smuggle oil worth Rs 7.7 million. According to the sources, Deputy Director Customs during random checking on Hyderabad Toll Plaza intercepted a suspicious vehicle which was loaded with 60,000 cartons of smuggled oil and arrested three ... Read More »

Customs Preventive recovers 20,000 liters Iranian diesel

KARACHI: The Anti-Smuggling Organisation of the MCC Preventive raided a petrol pump and recovered 20,000 liters of smuggled Iranian diesel. According to details, the staff of ASO headed by Assistant Collector Syed Muhammad Raza Naqvi raided a petrol pump near Gulbai, SITE Karachi. The petrol pump is involved in the sale of illegal Iranian diesel and seized more than 20,000 ... Read More »

NAB demands committee report of 8% service tax

ISLAMABAD: The National Accountability Bureau (NAB) has demanded committee report about 8% tax on services sector from Federal Board of Revenue (FBR). According to sources, Deputy Director National Accountability Bureau (NAB) Sajid Ali has sent a letter to the FBR chairman in which he demanded to provide a copy of committee report about the 8% tax imposed on services sector. ... Read More »

FBR issues income tax audit notices to 11 advertising agencies

ISLAMABAD: The Federal Board of Revenue (FBR) has issued income tax audit notices to 11 advertising agencies. According to the sources, the system-generated audit notices were issued to the selected taxpayers for audit of taxes for the year 2014 under new audit policy 2015. Sources added that these taxpayers were selected through electronic ballot system for audit. Sources further added ... Read More »

PRA revenue collection enhances to Rs1000m‏ in September

LAHORE: The Punjab Revenue Authority (PRA) has said that September 2015 revenue collection has increased to Rs 1000 million from Rs 894.301 million during the corresponding period of last year depicting 14.30% gains. The Withholding Agent sector saw a boom as it increased to 129.38% during July 2015 in comparison to July 2014 and the month of September 2015 also ... Read More »

SHC directs Customs to unblock NTN of AK Industries

KARACHI: The Sindh High Court (SHC) has ordered the customs authorities to unblock the National Tax Number (NTN) of AK Fashion Apparel Industries. The court gave this direction on the petition filed by AK Fashion Apparel Industries through which it moved the court against Pakistan Customs for blocking its NTN. The petitioner’s counsel submitted that his client was alleged to ... Read More »

RTO Gujranwala to bring 7000 new people under tax net

SIALKOT: The Federal Board of Revenue (FBR) has given official target of bringing 7,500 new taxpayers in Gujranwala region and 7,000 in Sialkot region under the tax net. Besides, a plan has been approved to establish new branches at the regional tax directorates in Sialkot and Gujranwala to facilitate the new taxpayers at the local level. According to the senior FBR officials, the Gujranwala ... Read More »

Faisalabad Collector Zulfiqar Ali reshuffles 16 inspectors

FAISALABAD: The Collector Model Customs Collectorate Faisalabad Zulfiqar Ali Chaudhary has reshuffled as many as 16 inspectors with immediate effect. According to the details, inspector Amjad Iqbal Cheema has been posted from MCC Faisalabad to import examination, while Zullafqar Ali was also shifted from rebate section to import examination Faisalabad. Similarly, Inspector Iftikhar Ahmed and Irfan Idrees have been transferred ... Read More »

FBR starts audit of big hospitals for FY 2015-16

LAHORE: The Regional Tax Office (RTO) of the Federal Board of Revenue (FBR) has started audit of big hospitals in Lahore of Financial year 2015-16 to check their tax proofs. The FBR decided to investigate hospitals tax liabilities for 2015-16 and in case of discrepancies the department will send show-cause notices to the hospitals or will attach bank accounts. Earlier, ... Read More »

Carpet export shrinks to 57pc in last 10 years: Carpet association

LAHORE: Pakistan Carpet Manufacturer and Export Association President  Khawaja Muhammad Shakir has said that the carpet exports have shrunk to 57 percent during the last 10 years as 20,000 people have left this industry. Shakir told Customs Today that during the last 10 year the carpet industry of India has grown 34 percent and India’s carpet export reached $2 billion and Pakistan ... Read More »

Customs sees decline in collection of customs duty during Q1

ISLAMABAD: Model Customs Collectorate (MCC) Rawalpindi has collected Rs 628.91 million in the terms of customs duty for the 3rd Quarter July to September, 2015. As per details, Customs witnessed a slight decline of 4.2% as the collectorate has collected Rs 1.127 billion in the terms of customs duty in the same period last year. While on the other hand MCC ... Read More »

FBR launch crackdown against import of trucks in garb of sprinkle lorries

ISLAMABAD: The Federal Board of Revenue (FBR) has started a crackdown against the import of used trucks in the garb of sprinkle spraying lorries to save the national kitty from undue losses. The Customs authorities have already imposed strict conditions on import of used trucks in the garb of sprinkle lorries as some importers misused the facility by importing the ... Read More »

Customs Gawadar seizes smuggled goods worth Rs 70m

KARACHI: Model Customs Collectorate (MCC) Gawadar has confiscated wine, gutka, diesel, break oil, and smuggled generators worth Rs 70 million in September. According to the details, Customs has confiscated 1, 96000 liters of Iranian diesel from different godowns and also seized seven oil tankers loaded with 3,32000 liters of smuggled Iranian diesel. The sources further told Customs Today, that Gawadar ... Read More »

Excise Sindh faces shortage of staff

KARACHI: Excise and Taxation Department (ET)Sindh is facing shortage of staff due to customers are facing great hardships for clearance of their documents. Talking to Customs Today Property tax section incharge West district Sulaiman Khaskhaili said that it is in notice of the Sindh government and other relevant authorities on the shortage of staff. Last year 29 staff members of ... Read More »

Customs seizes Rs 36m smuggled goods in Sept: AC Mohammad Raza

KARACHI: The Anti Smuggling Organization of the Model Customs Collectorate (MCC) Preventive has seized more than Rs 36 million smuggled goods in the month of September 2015. Assistant Collector (Headquarters), MCC Preventive S Mohammad Raza Naqvi told Customs Today that the ASO seized contrabands and diesel worth Rs 36 million during the month of September 2015. The customs authorities conducted ... Read More »

FST hears ten FBR ‘services’ cases

ISLAMABAD: The Federal Service Tribunal (FST) on Tuesday heard as many as ten cases carrying complaints pertaining to services matter of Federal Board of Revenue (FBR) and its field offices. FST’s four benches heard the cases which contained matter of promotion, up-gradation and interim relief. Fazal Kareem, an employee of FBR filed a petition about ante-date promotion. The bench hearing ... Read More »

Multan Adjudication hears 12 cases on Tuesday

MULTAN: Additional Collector Customs Adjudication Fayaz Anwar heard 12 seizure cases here on Tuesday and adjourned all of them for next hearing. The six cases of seizure were formed by Customs Investigation and Intelligence Multan and five cases were registered by Anti-Smuggling Organisation (ASO), while the one case was formed by the Multan Dry Port. Out of total cases, additional ... Read More »

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