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Chinese SOE profits drop 0.1% to $201.5b in Jan-June

BEIJING: The profits of China’s State-owned enterprises (SOEs) continued to fall in the first half of the year, but at a slower pace as the economy appears to be stabilizing with the filtering through of pro-growth measures, official data showed here the other day. SOEs’ combined profits dipped 0.1 percent from a year earlier to 1.2 trillion yuan ($201.5 billion) ... Read More »

PCA Director Gul Rehman detects Rs1bn tax evasions in six months

KARACHI: While showing extra ordinary efforts and dedication, the Pakistan Customs Post Clearance Audit (PCA) Director Gul Rehman has detected evasion of duty and taxes to the tune of over Rs 1 billion in just a short period of six months, it is learnt. Sources told Customs Today that Director PCA Gul Rehman was posted in the directorate in January ... Read More »

Customs Intelligence blocks consignment of ‘Lucky Diamond’ on mis-declaration

KARACHI: The Directorate of Customs Investigation and Intelligence, Karachi has blocked a consignment comprising new Programmable Logic Controllers (PLC) of Honeywell Technology brand imported by ‘Lucky Diamond’ as consignment was assessed at nominal value while it attracted high rate of tax. The customs intelligence took action following credible information regarding the evasion of duty and taxes through mis-declaration in quantity/weight ... Read More »

Scholarships for children of Customs employees released

LAHORE: Annual education scholarships for the children of Customs employees are released and the management has asked the employees to receive the amount. Sources told Customs Today that Customs House cash department has said that the employees, who had submitted applications for educational scholarships for their children, should contact the cash department of Customs House and receive the s scholarship ... Read More »

Chief Collector Nazim Saleem collects Rs 40.15b revenue on motor spirit

KARACHI: Chief Collector Enforcement-South Muhammad Nazim Saleem has contributed at least Rs 40.15 billion on motor spirit to the national exchequer during the fiscal year 2014-15, it is learnt. The revenue collection has been made on motor spirit as customs duty and sales tax under the leadership of Chief Collector Enforcement-South Muhammad Nazim Saleem and his team from July 1, ... Read More »

FBR’s Chief Commissioner’s moot to be held today

ISLAMABAD: Federal Board of Revenue’s Chief Commissioner’s conference will be held today. FBR Chairman Tariq Bajwa will preside over the conference. Top management of the FBR will also take part in the conference. The prominent among those who will attend the conference are Member FBR Inland Revenue (Policy) Shahid Hussain Asad, Member Inland Revenue (Operation) M. Ashraf Khan, Member Administration ... Read More »

DJ Butt challenges legal position of Punjab Revenue Authority

LAHORE: Defence counsel of famous musician, DJ Butt, has said that the Punjab Revenue Authority (PRA) has no authority to summon his client as the authority is still incomplete as it is functioning without its full members, sources told Customs Today. It is pertinent to mention here, that the PRA has summoned the musician-turned political activist DJ Butt to appear ... Read More »

Quaid-e-Azam Solar Park: Multan Customs to assist Punjab govt in clearance of machinery‏

MULTAN: The Model of Customs Collectorate Multan will assist the Punjab government for the clearance of imported machinery for Quaid-e-Azam Solar Park. The Model of Customs Collectorate Multan has also offered special support services to the Punjab government for the clearance of their machinery for the installation of Quaid- e-Azam Solar Power Plant. The first 100 MW project has been ... Read More »

Customs Court approves judicial remand of tax evader

LAHORE: The Special Federal Court of Customs Taxation and Anti-Smuggling has approved the judicial remand of an accused who is found involved in a case of duty evasion. Sources told Customs Today that accused Mushtaq Hussain son of Khadim Hussain was arrested by the Model Customs collectorate Faisalabad. He was allegedly involved in tax evasion in importing of different items ... Read More »

Process of appointments of Customs inspectors challenged in LHC

LAHORE: Process of recruiting of Customs inspectors has been challenged in the Lahore High Court by Shah Nawaz Advocate. In his petition, Nawaz argued that physical measurement of the candidates should be declared necessary for the recruitment of Customs inspectors. He said that customs is ignoring body measurement during hiring of the staff and the court should declare it as ... Read More »

Major reshuffling in FBR soon

ISLAMABAD: New postings and transfers are expecting in coming days in Federal Board of Revenue (FBR). These new postings and transfers will take place in chief commissioners, DGs, and chief collectors posts. Sources in FBR told this correspondent that the department is giving final shape to these postings and transfers nowadays.  Sources further revealed that as decisions about some officials ... Read More »

Traders to hold convention today against 0.3% WHT

LAHORE: All Pakistan traders to hold convention against levy 0.3 percent withholding tax on banking transactions today on 24 July, 2015 traders will also discuss issues related to FBR and will finalize strategy for future. Naeem Mir will organize the convention, talking to Customs Today Mir said that no single person has authority for the decisions of traders’ community, and ... Read More »

Excise collects Rs 1.8m entertainment tax during Eid days

LAHORE: The Punjab Excise and Taxation Department has collected record tax of Rs 1.8 million during three days of Eidul Fitur holidays in Lahore. Sources told Customs Today the the Excise Department has collected this amount only from theaters of Lahore which is a good recovery sign as compared to the last year. The Excise has the authority to collect ... Read More »

Karachiites urged to stay away from broken electricity wires, poles during monsoon: KE spokesman

KARACHI: K-Electric (KE) has advised the citizens of Karachi to adopt precautionary safety measures in light of the monsoon season which is underway. People are advised to be cautious of snapped electricity wires and any objects that they may be touching them, since these lines or objects could be energized especially where the streets are flooded or waterlogged. Similarly, consumers ... Read More »

ANF foils bid to smuggle heroin to Bahrain at Islamabad airport

ISLAMABAD: The Anti-Narcotic Force has foiled an attempt to smuggle heroin to Bahrain from Benazir Bhutto International Airport Islamabad and arrested the accused on the spot. Sources told Customs Today that the Anti-Narcotic Force has recovered one kilogram white heroin from accused Sanaul Haq who is a resident of Swabi. During the checking of his luggage at the airport, the ... Read More »

Non-taxpayers to pay extra annual vehicle token tax fee

ISLAMABAD: The annual vehicle token fee payers must carry photo copies of their Computerised National Identity Card, Vehicle Registration Book and Income Tax Payment Certificate to avoid any inconvenience. This year, the non-income tax payers are being charged more as compared to tax payers, whose data is available on Federal Board of Revenue’s (FBR) website. Accordingly, for a vehicle having ... Read More »

LHC rejects bails of five drug smugglers

LAHORE: The Lahore High Court (LHC) has rejected the bail applications of five drug smugglers who belonged to different districts. A two-member bench of the Lahore High Court headed by Justice Abdus Sami Khan heard the bail applications of drug smugglers namely Muhammad Mansha, Rafique, Muhammad Sajjad, Qurban Ali and Ijaz alias judge. The counsel of the accused argued the ... Read More »

WeBOC-App for Android phones to be launched soon

KARACHI: Pakistan Customs Directorate of Reforms and Automation is going to develop Web-based One Customs (WeBOC) Application for Android phones aimed at maintain transparency and facilitation for importers and exporters, it is learnt. It is recalled here that the WeBOC-App for iPhones had already been developed and went through the testing process. However, it would be made fully operational very ... Read More »

Customs to take help from CCTV footage to investigate mega gold smuggling scam

LAHORE: The Customs investigation has decided to investigate further in a case of gold smuggling and to take help from footage of close circuit camera of Lahore airport. According to sources, customs authorities have widened the investigation of smuggling of 15 kilogram of gold and currency of Rs 30 million to Dubai. The Customs investigation team will also grill the ... Read More »

FIA arrests two employees of PIA

LAHORE: The Federal Investigation Agency (FIA) Immigration Cell  deputed at Allama Iqbal International Airport arrested two employees of the Pakistan International Airlines (PIA) who facilitated a passengers to obtain forge boarding card. Sources told Customs Today that passenger Muhammad Akram obtained two boarding passes with the help of two employees of the PIA to travel to Toronto. Now the FIA ... Read More »