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Faisalabad Customs Intelligence holds smuggled generator worth Rs 1.5m

FAISALABAD: The Faisalabad Customs Investigation and Intelligence has seized foreign origin electric generator worth Rs 1.5 million involving duty/taxes amounting to Rs 834,300, besides impounding a Mazda Mini Truck valued at Rs 300,000 being used for the transportation of the generator. Customs Intelligence team following information conveyed through Additional Director Muhammad Ismail conducted raid near Shahkot Toll Plaza, Faisalabad to ... Read More »

PCGA demands  govt resolve issues of textile sector

MULTAN: The Pakistan Cotton Ginners Association (PCGA) has urged the government to address the issues of the people attached to the textile sector. The Pakistan Cotton Ginners Association warned ginners not to purchase excessive seed-cotton from the farmers in the start of season and run their business carefully otherwise they would face financial losses.  Pakistan Cotton Ginners Association chairman Hafeez ... Read More »

Customs Appellate Tribunal appoints Omer Mehdi as controlling officer for bench-I

LAHORE: Customs Appellate Tribunal, Khawaja Omer Mehdi Member Technical Bench-I has been appointed as Controlling Officer for Bench-I. The decision is taken after nomination of Member Judicial Ghulam Murtaza Bhatti as Chairman Customs Appellate Tribunal. The controlling officer will perform administrative and financial functions regarding pays, travelling allowance and daily allowance TA/DA and other contingent expenses pertaining to Customs Appellate ... Read More »

Notification of new Customs judge soon

LAHORE: After the transfer of Special Judge of Customs Taxation and Anti -Smuggling Nazeer Ahmad Gajana hundred of cases in Court are lying pending which is effecting the prosecution process of Customs and other relevant departments. According to Customs Today, sources it is expected that a notification will be issued during current week to appoint a new Judge in Special ... Read More »

Sialkot traders upset over delay in payment of sales tax refunds  

SIALKOT: The Sialkot based traders, industrialists and exporters expressed grave concern over the inordinate delay in the payment of sales tax refund and duty drawback claims, and said that the delay was halting the flow of capital in the industries. They said that delay has been leaving very bad effects on the industrial production. They added that the business community’s ... Read More »

KPK traders observes strike against levy of WHT on banking transactions

PESHAWAR: Business and commercial activities came to a grinding halt in the provincial capital as traders observed complete strike to protest against the imposition of 0.3 percent withholding tax on all banking transactions exceeding Rs 50,000. On the call given by the All Pakistan Anjuman-e-Tajiran (APAT),  all markets, shopping plazas, and bazaars in Peshawar, including Ashraf Road, Qissa Khawani, Saddar, ... Read More »

Customs Faisalabad seizes Indian cumin

FAISALABAD: Customs intelligence and investigation seized smuggled Indian cumin and the vehicle which was being used to smuggle the item.. The total weight of the seized cumin is 2,760 kilograms while its market value is Rs 1,000,000/-. Sources told Customs Today that Additional Director Customs Intelligence and Investigations Faisalabad received information regarding the smuggling of a huge quantity of Indian cumin . After receiving ... Read More »

Excise motor branch to auction new number plates

ISLAMABAD: The motor branch of the Rawalpindi Excise and Taxation Department will issue new number plates for cars and jeeps. The auction will be held on September 15, sources said. As per details, the  motor branch Rawalpindi will auction and issue new and attractive number plates for cars and jeep series RIB 15 on September 15. The RIB -15 series ... Read More »

PM invites traders, businessmen to discuss WHT on bank transactions

ISLAMABAD: Prime Minister Nawaz Sharif has called a meeting of traders’ representatives, business community and chambers on September 10. Sources told Customs Today that the prime minister thoroughly monitored the issue of 0.3 percent withholding tax and the protest of traders against its imposition. Sources added that the PM wants to resolve traders issues through dialogue. The sources further told that ... Read More »

FBR directs Customs to conduct audit of consignments cleared under SRO1125

KARACHI: The Federal Board of Revenue (FBR) has directed customs authorities to conduct audit of imported consignments which were cleared under SRO1125. Sources told Customs Today that the FBR directed customs authorities that importers of textile, leather, carpets, surgical and sports, who have taken benefits under SRO1125 for the clearance of their consignments, must be investigated. Sources further revealed that the ... Read More »

Negotiations between PRA, PFDC conclude on positive note

LAHORE: Negotiations between the Punjab Revenue Authority (PRA) and the Pakistan Fashion Designing Council (PFDC) on the issue of sales tax have concluded on a positive note. According to the sources, the PDFC demanded the revenue officials stop raids on their display centers and the tax registration procedure should also be simplified. PFDC chairman Hassan Sharyar said that the PRA has them that it will try its best to ... Read More »

No proceedings in Customs Court on Wednesday

LAHORE: In Special Court of Customs Taxation and Anti-Smuggling, nine different cases were scheduled for hearing but no case was preceded here due to non availability of judge. After the transfer of special Judge Nazeer Ahmad Gajana, Special Judge of Banking Court Humayon Imtiaz assumed the additional charge of Customs Taxation and Anti-Smuggling judge. But on Wednesday special duty judge ... Read More »

LHC halts levy of sales tax on lawyers fees

LAHORE: The Lahore High Court (LHC) has halted the levy of 16 percent sales tax on of lawyers fees. Justice Mansoor Ali Shah of the LHC heard the case challenging 16 percent sales tax on lawyers fees. During his remarks, Justice Mansoor Ali Shah said that after the imposition of such tax justice will become more expensive. In his plea, Lahore Bar Council ... Read More »

ASO Faisalabad seizes non-duty paid Toyota Land Cruiser

FAISALABAD: The Anti-Smuggling Organization (ASO) Faisalabad seized a non-duty paid Toyota Land Cruiser. The market value of the said vehicle is Rs 600,0000. Sources told Customs Today that Collector Customs Faisalabad Tauseef Ahmed Qureshi received a credible information that a non-duty paid vehicle is plying on the roads of Faisalabad. After receiving information, he constituted a raiding team comprising Zahid ... Read More »

Customs Faisalabad seizes ladies cloth

FAISALABAD: Customs intelligence and investigation has seized foreign origin ladies cloth near Jhang Road, Faisalabad. The market value of the seized cloth is Rs 1,400,000 Sources told Customs Today that Additional Director Customs Intelligence and Investigations M. Ismail received a credible information regarding smuggling of the said cloth. After receiving intelligence information, he formed a raiding team comprising Riaz Hussain (DD), ... Read More »

ICCI honors Special Olympics squad for winning 35 medals‏

ISLAMABAD: Islamabad Chamber of Commerce and Industry organized a ceremony in honor of Pakistan’s Special Olympics squad that won 35 medals in Special Olympics 2015 concluded recently in Loss Angeles, USA. Mehfooz Elahi, Head of Pakistan’s Special Olympics squad and former President ICCI, Arshad Javed, National Director Sports, Special Olympics, Saeed Ahmed Bhatti coach special Basketball team and a large ... Read More »

AC Aisha Bashir Wani reviews department’s performance in Customs officials’ meeting

ISLAMABAD: The Additional Collector(AC) , office of the Chief Collector Customs (North), Islamabad Aisha Bashir Wani, has called a meeting of the customs officials to discuss the department’s performance and other matters. Additional Collector MCC Islamabad Waheed Ullah Marwat, Collector MCC adjudication Muhammad Ali Raza, and officials from audit, dry port and Appeals Departments attended the meeting. Sources said that it ... Read More »

Akram Ashraf Gondal assumes additional charge of DG Excise

LAHORE: Director Region B Akram Ashraf Gonal has assumed the additional charge of director general Excise as Ahmad Aziz Tarar has been transferred to the federal government. According to a notification, Excise Secretary Ali Tahir issued a notification to assign additional charge of DG Excise to Akram Ashraf Gondal.  Gonal assumed the charge of new assignment and met office staff of the Shadman ... Read More »

RTO’s education wing briefing taxpayers on WHT‏

MULTAN: The Federal Board of Revenue (FBR) Regional Tax Office Multan is also awaking taxpayers about the imposition of withholding taxes on banking transactions through their education wing. The Regional Tax Office Multan is educating people about the imposition of tax through their education wing program .There would be no withholding taxes imposed on the filers on banking transactions of ... Read More »

Car financing reviving auto sales in country

LAHORE: Carmudi’s report on “Car Financing in Pakistan” provides a look into current and future state of the flourishing car financing market and how consumer attitudes towards credit transformed in recent years. In May 2015, the IMF stated that Pakistan made “significant progress” by fulfilling targets under its $6.6 billion loan program. The country’s economy is on a high with ... Read More »

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