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FBR asks Punjab Excise to cancel registrations of smuggled vehicles

LAHORE: The Federal Board of Revenue (FBR) has sent a list of smuggled vehicles to the Punjab Excise and Taxation Department, those were registered illegally, for the cancellation of their registrations. As per details, deputy collector headquarters of Pakistan Customs, FBR wrote a letter C.NO.02/ ASO-35/2015/191 to Director General of Excise and Taxation Punjab to take measure against the illegal ... Read More »

Shahbaz for enhancing tax revenue on services

LAHORE: Punjab Chief Minister Shahbaz Sharif on Tuesday said that there is need to increase tax revenue on services of the province to provide maximum facilities to the citizens. He said this while presiding over a meeting which reviewed the performance of the Punjab Revenue Authority. Punjab Revenue Authority chief Dr Raheel Ahmad Siddiqui gave a detailed briefing to the ... Read More »

Faisalabad ASO confiscates items worth Rs 25m in June

FAISALABAD: The Customs Anti-Smuggling Organisation (ASO) Faisalabad has seized smuggled items and non-duty paid vehicles worth Rs 25.77 million in June, 2015. As per details, ASO team following the instructions of Collector Tauseef Ahmad Qureshi conducted various raids in the region to curb the activities pertaining to smuggling. ASO impounded 11 vehicles including Mitsubishi Lancer, two Toyota Hilux Surf, Hino ... Read More »

Ali Daniyal Industries, Al-Hamza Flour Mills evade Rs 7m tax on silos’ import

KARACHI: The Pakistan Customs Directorate of Post Clearance Audit (PCA) has detected two Karachi-based companies involved in sales tax evasion of Rs 7.64 million on the import of silos, it is learnt. Official sources said that PCA, by investigating the clearance data, found that M/s Daniyal Industries Private Limited, Karachi and M/s Al-Hamza Flour Mills, Karachi imported silos under PCT ... Read More »

Customs Reforms and Automation officials waiting for promotions for 25 years

KARACHI: The officials posted at the Directorate of Reforms and Automation of the Pakistan Customs have been waiting for their promotions to the next higher grade for the last 25 years, it is learnt. While those having some backing got multiple promotions and their posts were too re-designated and the majority of staff remained without promotions since years, sources told ... Read More »

Names of Ayyan Ali, two govt officials put on ECL

LAHORE: The Interior Ministry has put the names of two government officials and model Ayyan Ali in the Exit Control List (ECL) in money laundering case. The Interior Ministry has slapped ban on model Ayyan Ali and two government officials to stop them from leaving the country. According to sources, the Interior Ministry, and authorities at all airports have been ... Read More »

PCA unearths Rs 7.19m tax evasion by M/s Ghani Hilal Feed Mill

KARACHI: The Pakistan Customs’ Directorate of Post Clearance Audit (PCA) has detected tax evasion of Rs 7.19 million in term of sales tax on import of silos comes under PCT Heading 9406.0030. Sources informed Customs Today that the importer M/s Ghani Hilal Feed Mill Private Limited, Lahore availed concession of 8th Schedule of sales tax and paid reduced rates of ... Read More »

Customs Tribunal working without chairman

LAHORE: Due to the vacant post of the chairman in Customs Appellate Tribunal, there are numbers of application are pending in the tribunals, filed by importers and customs department. As per details, former Chairman Customs Appellate Tribunal, Justice Muhammad Tariq has relinquished the charge a few days ago as he has assumed the charge as the chairman of the Labour ... Read More »

Pak embassy hosts Eid Milan Party

ANKARA, The Ambassador of Pakistan to Turkey, Sohail Mahmood, hosted an Eid Milan reception on Eid day, that was attended by a number of Turkish dignitaries, members of Pakistan community, Pakistani students at Turkish Universities, and Embassy officials. Congratulating the guests on the occasion, Ambassador Sohail Mahmood said that the Embassy is gearing efforts to further deepen existing brotherly Pakistan-Turkey ... Read More »

Gepco takes action against 34,364 consumers for electricity pilferage

SIALKOT: The special surveillance teams of Gepco have caught as many as 34,364 consumers red-handed while stealing electricity through different ways. The action was part of its ongoing special campaign against electricity thieves in Gujranwala Region’s all six districts – Sialkot, Narowal, Gujrat, Mandi Bahauddin, Hafizabad and Gujranwala – during the last month. According to senior Gepco officials, Gepco teams ... Read More »

Excise to start crackdown on property tax defaulters from 27th

KARACHI: The Sindh Excise and Taxation Department has decided to start crackdown on property tax defaulters from July 27, 2015. Well-informed sources within the Excise Department told Customs Today that permission has been granted by the Sindh government to arrest those who are involve in evading property tax. It is pertinent to mention here that the Excise Department is gearing ... Read More »

Cotton ginners reject 0.3pc tax on bank transactions‏

MULTAN: The executive committee of Pakistan Cotton Ginners Association (PCGA) has rejected the 0.3 percent withholding tax on bank transactions, describing its detrimental to the business community and announced to join the protest movement of traders across the country. It was decided at a meeting presided over by acting chairman Ramesh Lal. The meeting was also attended by the chairman ... Read More »

Interlink Corporation avoids 12pc tax by availing inadmissible benefits: PCA

KARACHI: The Directorate of Post Clearance Audit (PCA), Customs has exposed sales tax evasion of Rs 150,000 on import of silos. Sources said that the PCA, while the scrutinising the import data of silos covers PCT Heading 9406.0030, found that the importer M/s Interlink Corporation availed concession of 8th Schedule of sales tax and paid reduced rates of tax at ... Read More »

PCA detects tax evasion by Ahsan Feed Mills of Gujranwala

KARACHI: Stopping the revenue leakage, the Directorate of Post Clearance Audit (PCA), customs has detected that Rs 540,000 was evaded by M/s Ahsan Feed Mills, Gujranwala on import of silos classifiable under PCT Heading 9406.0030. Sources said that the importer M/s Ahsan Feed Mills availed concession of 8th Schedule (sales tax) and paid reduced rates of sales tax at 5 ... Read More »

SWMC purchases Rs 25 million machinery for cleanliness

SIALKOT: The Sialkot Waste Management Company (SWMC) has purchased new machinery worth Rs 25 million for improving the cleanliness situation in Sialkot city. Launching ceremony of this new machinery was held here. Local MPAs Ch Muhammad Ikram, Manshallah Butt, SWMC official Idrees Ahmed Bajwa, PML-N Sialkot Youth Wing President Muhammad Farooq Ghuman, Sheikh Hassan Arif and PML-N General Secretary Shujaat ... Read More »

FBR collects 5.2pc less revenue during July-March of FY2015: SBP

LAHORE: The State Bank of Pakistan stated in third quarterly repost that Federal Board of Revenue (FBR) has collected 5.2 percent less revenue during July-March of financial year 2015. The FBR tax collections grew by 12.7 percent during July-March of fiscal year 2015, which were well below the 17.9 percent growth recorded in same period of FY14, the SBP’s third ... Read More »

FBR to issue notices to 55,000 tax defaulters

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to issue notices to 55,000 tax defaulters. In another move, the FBR has decided to take stern action against 22,000 tax defaulters. Sources told Customs Today that action will also be taken against those who are availing handsome income but are not paying taxes. Notices will be issued to all of ... Read More »

APCA members offer Eid prayers on Mall Road

LAHORE: All Pakistan Clerks Association (APCA) observed a protest against the government even on Eid days and offered Eidul Fitr prayer in front of the Punjab Assembly building on Mall Road. Officials of different government departments chanted slogans against the Punjab government on Eid day. On this occasion, the leaders of the APCA said that they will continue to protest ... Read More »

Federal Revenue Alliance warns members against anti-union campaign

MULTAN: The Federal Revenue Alliance has warned their members against union activities in the various Regional Tax Offices in the country. Federal Revenue Alliance Information Secretary Rashid Mehmood Shah alleged that the employees of various Regional Tax Offices are trying to damage the image of the union through their suspicious activities. He said that the Federal Revenue Alliance Union is ... Read More »

Customs, Inland officials asked to submit details‏ of personal assets

LAHORE: The Federal Board of Revenue (FBR) has asked Customs Service and Inland Revenue officers to submit details of their assets with the revenue authority, sources said on Thursday. As per details, chief collectors, chief commissioners, collectorates and directorates  generals have been asked to order all subordinates to exhibit their assets details and submit it to the FBR. Sources said ... Read More »