Tuesday , January 19 2021
Breaking News
Home / Latest News (page 2368)

Latest News

News updates
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

Chief Collector Rashid Shaikh asks officials to keep offices open for extended time

KARACHI: Chief Collector Appraisement South Abdul Rashid Sheikh has instructed Model Customs Collectorates Appraisement West and East Collectors to ensure collection of duties/taxes on September 29 and 30, 2015 till 8pm as per the decision of the Federal Board of Revenue. According to an official order, all Model Customs Collectorates falling in Appraisement South, will remain open on Tuesday, September 29 ... Read More »

FBR to conduct audit of 33 official vehicles

ISLAMABAD: An audit team of the Federal Board of Revenue (FBR) will conduct audit of 33 official vehicles being used by Model Customs Collectorate (MCC) Islamabad. Sources told Customs Today that petrol and maintenance expenditures will be audited. On the other hand, some staff members of the  MCC Islamabad are trying to maintain the record but it will take some time to ... Read More »

Hyderabad Customs Intelligence confiscates items worth Rs 4.7m

HYDERABAD: The Customs Investigation and Intelligence’ Field Investigation Unit (FIU) Hyderabad seized smuggled contraband goods and a Toyota Corolla vehicle worth Rs 4.7 million during the different operation in Hyderabad. Sources said that FIU on the strict instructions of Customs Intelligence Karachi Director Asif Marghoob Saddiqui took action against the smuggling in the region and The customs officials intercepted a ... Read More »

Multan ASO seizes smuggled chocolates worth Rs 500,000

MULTAN: The Customs Anti-Smuggling Organization (ASO) Multan has seized imported chocolates on non-payment of customs duty in an operation. According to the details, the ASO has seized chocolates of various brands during the vigilance near the location of Delhi Gate. Smuggled chocolates were loaded on a truck which was coming from Quetta. Customs recovered almost 70 cartons of chocolates including ... Read More »

Adjudication-II: Deputy Collector M Aftab orders M/s Iqbal to pay evaded tax on carpet yarn import

KARACHI: The Collectorate of Customs Adjudication-II has issued an Order-in-Original (ONO) against M/s Iqbal and Co Karachi for evading duty/taxes to the tune of Rs 368,823 by taking undue benefits under SRO 1125(I)/2011. According to details, the Directorate of Post Clearance Audit (PCA), Customs Karachi, while scrutinizing the data of importers regarding the claiming of admissible/inadmissible concessions in taxes, found ... Read More »

’80pc of 712 invested in UAE real estate are non-taxpayers’

ISLAMABAD: As many as 712 people have invested in property projects abroad, while 80 percent of them are non-taxpayers as they have no any national tax number and sales tax registration, it is learnt. Sources said that 648 persons have invested in a UAE-based project of Damac Properties, while 64 have invested in the project of NSHAMA Properties. They revealed that ... Read More »

RTO-II collects Rs 125 million revenue in Q1

LAHORE: The Federal Board of Revenue (FBR), Regional Tax Office- II (RTO-II) has collected Rs 125 million in the first quarter. The Regional Tax office (RTO) sources told Customs Today that RTO-II collected Rs 125 million in the first quarter less than its set target. The sources further said that the RTO-II will meet the target until its closing date. The ... Read More »

Tax Evasion: PRA freezes account of National Manpower Bureau

LAHORE: The Punjab Revenue Authority (PRA) has frozen the bank account of National Manpower Bureau and recovered Rs 12.4 from its account. Sources told Customs Today that PRA issued a number of notices to the company but it ignored the notices. After its non-compliance to PRA notices, the PRA authorities decided to freeze its bank account. The recovery operation of Rs 12.4 million was conducted ... Read More »

APTEA urges FBR to provide better medical facilities to employees

LAHORE: All Pakistan Tax Employees Association (APTEA) Lahore President Asghar Verya has asked the Federal Board of Revenue (FBR) to provide health facilities to employees of Lahore division. He said that only Sheikh Zaid Hospital covered the employees of Lahore division that was not enough, adding that employees of other districts of the Lahore division have to face many problems ... Read More »

Customs Investigation tightens scrutiny at check posts to curb smuggling: DC Shahid Jan

ISLAMABAD: Deputy Director Customs Investigation and Intelligence Rawalpindi, Shahid Jan, has said that checking on the checkpoints has been tightened to stop smuggling during Eid days. While talking to Customs Today, the deputy director said that the Customs Intelligence has started checking of every vehicle strictly in order to arrest unscrupulous elements as there is possibility that smugglers expedite their activities on ... Read More »

Performance allowance will be restored in October

MULTAN: The performance allowance of the employees who did not submit details of their assets will be restored in the middle of next month. The allowance was frozen by the Federal Board of Revenue (FBR). In a statement, Tahir Khakwani, the central leader of the Federal Revenue Alliance Employees Union, said that Federal Minister for Revenue Division, Haroon Akhtar, assured him ... Read More »

Excise Punjab collects Rs 3.4b in two months of fiscal year 2015-16

LAHORE: The Punjab Excise and Taxation Department has collected handsome amount of revenue just in first two months of the fiscal year 2015-16. According to financial statements of the accounts, the department recovered Rs 3.4 billion in two months which is 38 percent extra than the same period of the fiscal year of 2014-15. According to data available to Customs Today, the ... Read More »

FBR starts registration cell in RTO-II to facilitate taxpayers

LAHORE: The Federal Board of Revenue (FBR) has started a registration cell in Regional Tax Office-II (RTO-II) to facilitate taxpayers, where taxpayers can register and get their National Tax Number (NTN) free of cost. The FBR has also launched IRIS module for faster registration process of taxpayers. Individual or partnership registration can be made from home but in case of companies ... Read More »

Customs deploys three inspectors as vigilance officers

ISLAMABAD: The Model Customs Collectorate (MCC) Islamabad has deployed three inspectors of the Collectorate as duty/vigilance officers in the field. Deputy Collector headquarters Yawar Nawa has issued order Vide No C.NO. (CIR)129/2015/14681, that three inspectors, Muhammad Hameed, Shahnaz Gull and Ghulam Mustafa have been deployed at Preventive division, Islamabad UAB, AB, BBI Airport are bounds to work as duty/vigilance officers. ... Read More »

FBR freezes 108 bank accounts of defaulters

KARACHI: The Federal Board of Revenue (FBR) has frozen the bank accounts of 108 defaulters, sealed 23 properties and documents of 67 vehicles. Sources told Customs Today that during this recovery campaign, arrest warrants for 35 people were issued. On the other hand, Broadening of Tax Department also seeks the details of 1.8 million tax defaulters and further proceedings are underway. Sources further said that authorities already ... Read More »

Govt cancels 100 licenses of cotton yarn exporters

MULTAN: All Pakistan Bed Sheets and Upholstery Manufacturing Association has expressed grave concerns over the cancellation of license of its members . Syed Muhammad Asim, former chairman of the All Pakistan Bed Sheets and Upholstery Manufacturing, has called step unjustified as the government has cancelled 1000 licenses.   The sudden cancellation of licenses for the export of cotton yarn and related items are a kind ... Read More »

MCCI elections will be held on Sept 28

MULTAN: The annual elections of the Mutan Chamber of Commerce and Industry (MCCI) for the year 2015-16 are going to be held on September 28, 2015 (Monday) at  the registered office of the Chamber at  10am. The executive committee will elect the office bearers as president, senior vice-president and vice-president for the year 2015-16. According to sources, there are chances ... Read More »

Customs seizes Hino dumper truck near Chiniot

FAISALABAD: The Customs intelligence and investigation has seized a Hino Dumper Truck near Chiniot. The market value of the seized vehicle is Rs 4 million. Sources told Customs Today that Additional Director Customs Intelligence and Investigation Faisalabad Azmat Tahira received credible information regarding the said vehicle. After receiving the information, she formed a raiding team comprising Riaz Hussain (DD),  Muhammad Tahir, Mohammad ... Read More »

Chief Collectors Zahid Khokhar, Rashid Sheikh celebrate Eid-ul-Azha in Lahore

KARACHI: Chief Collector Enforcement-South, Zahid Khokhar will celebrate Eidul Azha in his native hometown with his family. According to the details, Chief Collector Zahid Khokhar has left for Lahore to enjoy Eidul Azha with his family at Lahore. He will also perform the ritual of sacrifice at Lahore on the very first day of Eid. The chief collector has his ... Read More »

Collector Dr Saifuddin Junejo, Collector Wasif Memon celebrate Eid in Larkana, Hyderabad respectivel

KARACHI: Collector Model Customs Collectorate Exports, Dr Saifuddin Junenjo will celebrate Eidul Azha in his hometown Larkana district. According to the details, MCC Exports Collector attended his office as per routine till 5pm. And, the collector left for his hometown which is some 8 hours drive from Karachi, on Thursday morning. The collector MCC Exports will be in his hometown ... Read More »