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Pak, China Customs ink MoU to setup Electronic Data Interchange

KARACHI: Pakistan Customs and the China Customs have signed an agreement to establish Electronic Data Interchange (EDI) aimed at reducing the incidences of revenue losses/under invoicing. The sources told Customs Today that the Pakistan Customs, after the agreement was signed in China, procured software/machines for the EDI establishment. The EDI would help access trade documents on real time basis from ... Read More »

Customs seizes Rs 10.25m smuggled auto-parts, tyres

LAHORE: Customs Intelligence and Investigations has impounded smuggled tyres and auto parts worth Rs 10.25 million, official sources told Customs Today here. The sources added that on the information of Director Saud Imran, the Custom authorities intercepted a truck which was coming from Peshawar on Multan Road and seized the truck loaded with smuggled motor-bike parts and tyres. The sources further revealed ... Read More »

Customs court seeks challan in Rs 5.62m tax evasion case

KARACHI: The Special Court of Customs Taxation and Anti-Smuggling has directed the investigation officer to submit challan in a case pertaining to import of dutiable goods of Indian origin in the guise of used cloths that caused Rs 5.62 million loss to the national exchequer. Judge Syed Faiz Rasool Rashdi directed the accused persons to cooperate in investigation when the ... Read More »

Smuggling of electronic gadgets: Court confirms interim bails of TCS employees

KARACHI: The Special Court of Customs Taxation and Anti-Smuggling has confirmed the interim bails granted to six employees of the TCS who were booked for their alleged involvement in smuggling of electronic gadgets. Judge Syed Faiz Rasool Rashdi pronounced the verdict after hearing arguments from prosecution and defence sides. According to the prosecution, the customs authorities recovered a huge quantity ... Read More »

IR-Intelligence probing assets of former EOBI chairman Zafar Gondal

ISLAMABAD: The Federal Board of Revenue’s (FBR) Directorate of Inland Revenue-Intelligence and Investigation has started investigations to know about the sources of assets made by former Employees Old-Age Benefit Institution (EOBI) chairman Zafar Gondal and former owner of Safa Gold Mall Islamabad Abdul Qayyum Qureshi following the judgement of the Supreme Court in the EOBI case. Sources said that the ... Read More »

Customs’ Licensing Committee refuses to renew TPL Trakker’s license

KARACHI: Pakistan Customs’ Licensing Committee has refused to renew the license of M/s TPL Trakker Limited and directed the company to give a detailed report/ presentation on the performance since it was given licence in 2012, Customs Today learnt. In this regard, a meeting of the Licensing Committee was recently held at the Custom House with Chairman, Directorate General Transit ... Read More »

Sumeera Sheikh made new SA to central region chief collector

LAHORE: Additional Collector of Customs Sumeera Sheikh has taken the charge as SA to Chief Collector of Customs central region, sources told Customs Today. According to the sources Sumeera Sheikh serving as additional director at the Post Clearance Audit in the Lahore Customs House. Following Additional Collector Customs Mehreen Nasim, SA to chief collectors of Customs Central Region Rozi Khan Burki ... Read More »

ATIR chairman demands privileges as of higher courts judges

ISLAMABAD: Appellate Tribunal Inland Revenue (ATIR) Chairman Javid Iqbal has demanded the federal government provide him the benefits and privileges as entitled to judges of the higher courts. Talking to the Customs Today, the chairman argued for similar benefits as of higher courts judges, stating that the eligibility criterion to recruit ATIR chairman and judicial member was identical to the applicants ... Read More »

SHC seeks Customs comments on valuation ruling of toilet soaps

KARACHI: Several importers of toilet soaps have approached the Sindh High Court (SHC), challenging the Valuation Ruling No. 737/2015 under which the customs authorities are determining the value of toilet soaps. M/s Abdullah and Company, M/s ARG Enterprises, Fahad Enterprises, and M/s Ashraf Traders approached the court naming the Secretary Revenue Division, Collector of Customs Appraisement-East, Director General of Valuation ... Read More »

Smuggling of Iranian petrol: Court grants physical remand of six accused

KARACHI: The Special Court of Customs Taxation and Anti-Smuggling granted Pakistan Customs five-day physical remand of six accused in a case pertaining to the sale of smuggled Iranian POL products. Pakistan Customs’ Directorate of Intelligence and Investigation’s officer Atif Shuja produced six accused before the judge and sought their physical remand for five days for interrogation. According to the official ... Read More »

FBR introduces new system for clearance through ‘Border Customs Stations’

MULTAN: The Federal Board of Revenue (FBR) has introduced a new system of imports and exports of goods through” Border Customs Stations”. Sources told Customs Today the that FBR  recently issued notification under SRO 840/2015 (I) Rules, governing imports and exports at Border Customs Stations. The Model of Customs Collectorate Multan also received the notification regarding new procedure for the clearance of ... Read More »

Trade of vegetables resumes through Wagah Border

LAHORE: Trade between Pakistan and India has started again and fresh vegetables are being imported by Pakistani traders. According to Customs officials of Wagah Land Freight Unit, Pakistan has started importing fresh vegetables and fruits from India after a long break of four months. Every month, Pakistan imports huge quantity of tomatoes from India and during last week Pakistan imported 15 ... Read More »

Court orders NAB to return wallet, mobile phone of Qasim Zia

LAHORE: Accountability Court of Lahore has ordered NAB to return documents, wallet and mobile phone of Qasim Zia who is on judicial remand. A petition was moved by son of PPP leader Qasim Zia that wallet and mobile phone of his father is in NAB custody which is illegal. He requested the court that these items should be returned to him. ... Read More »

DG Excise tells officers to achieve quarterly revenue target

LAHORE: Akram Ashraf Gondal, Director General of Punjab Excise and Taxation Department, has warned the officails to achieve their quarterly target or get ready to face departmental action. During a meeting, Gondal said that all regional directors should make sure that their recoveries should be completed within the set time. He said that all officers and staff should work with full force to collect taxes, ... Read More »

21 energy projects to inject 1 7,045 MW energy into system under CPEC

ISLAMABAD: The federal government is determined to inject 1 7045 MW energy into the system under the umbrella of China-Pakistan Economic Corridor (CPEC). Talking to Customs Today’, senior officials of the Planning, Development and Reform Department said that 21 energy projects are in the pipeline. At least 14 Energy Priority Projects (EPPs) will generate 10,400 MW and remaining seven Energy Actively Promoted Projects (EAPPs) would generate 6,645 ... Read More »

Pakistan, Turkey to further strengthens economic ties

ANKARA: Senator Iqbal Zafar Jhagra, Secretary General of the Pakistan Muslim League (N), attended the 5th Statutory Congress of the Justice and Development Party (AKP) . Senator Jhagra is visiting Turkey on the instructions of Prime Minister Muhammad Nawaz Sharif to attend the Congress on his behalf. The AK Party Congress was convened in the run-up to the renewed Parliamentary ... Read More »

Abdullah Sugar Mills scam: Court issues arrest warrants for directors

LAHORE: The Special Federal Court of Customs, Taxation and Anti-Smuggling has issued arrest warrants for the directors of Abdullah Sugar Mills. Sources told Customs Today that a case of Abdullah Sugar Mills is being heard in the court for many years but the directors are not willing to participate in investigations and to cooperate with Large Taxpayer Unit of Federal Board of ... Read More »

LCCI hails SBP’s decision to cut interest rate by one percent

LAHORE: The Lahore Chamber of Commerce and Industry hailed SBP’s decision to cut interest rate by one percent and said that it will help stimulate private sector growth. According to a statement issued here, the LCCI president Ijaz A. Mumtaz said that the Governor State Bank deserves appreciation for bringing down the interest rate to seven percent. Ijaz A. Mumtaz, ... Read More »

Adjudication Additional Collector Amjad declares seizure of diesel, trailer lawful

FAISALABAD: Faisalabad Customs Adjudication Additional Collector Amjad-ur Rehman upheld the confiscation of the smuggled 44,000 liters of Iranian diesel and trailer impounded by Model Customs Collectorate Faisalabad’s Anti-Smuggling Organisation (ASO) Sara-e-Muhajir. The additional collector has issued Order-in-Original (ONO) regarding the lawful seizure of the trailer loaded with smuggled diesel as no one appeared before the authority to prove the legal ... Read More »

ACA, FFA threaten to go on strike on 8pc turnover tax issue

KARACHI: The members of the Air Cargo Association (ACA) and Freight Forwarders Association (FFA) have decided to observe strike after Federal finance Ministry failed to take measures against the 8 percent turnover tax. As per details, the Finance Ministry had taken a week till September 11 to make decision on turnover tax but it has now invited five committee members of ... Read More »