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MCC anti-smuggling force seizes rare Buddha statue

LAHORE: Anti smuggling wing of Lahore Model Customs Collectorate MCC has seized a statue of Buddha at the Allama Iqbal Lahore. According to details the statue was being smuggled to Karachi from Lahore. Sources said that the statue of mahatma Budha was purchased from Taxila and was being smuggled to Karachi for sending abroad. The sources said that Customs anti-smuggling ... Read More »

Amnesty scheme, smuggling main reasons for less revenue collection: Mandokhel

ISLAMABAD: Senator Engineer Humayun Khan Mandokhel, Member Senate Standing Committee on Finance & Revenue, has said that the reversing of the duty on unregistered persons from 19 per cent to 18 per cent will be helpful in collecting more revenue but the step can harm the drive for documenting the unregistered persons. On the other hand, the raise in customs ... Read More »

Customs valuation of toiletries in detail

KARACHI: The Valuation Department of Pakistan Customs has issued new Valuation Ruling (VR) No 596 of the cosmetics and toiletries products. In exercise of the powers conferred under Section 25-A of the Customs Act, 1969, Customs values of low-end and unknown Toiletries are determined as follows : – 1. Background of the valuation issue: The Customs values of toiletries were ... Read More »

Traders’ delegation calls on FBR Chairman

ISLAMABAD: A delegation of All Pakistan Traders Association (APTA) has called on FBR Chairman Tariq Bajwa here at FBR headquarters. Member Inland Revenue, Operations also attended the meeting, which was jointly presided over by MNA Abdul Mannan from APTA and its Chairman Khawaja Muhammad Shafiq. While talking to Customs Today Khawaja Shafiq said that the delegation raised the issues of ... Read More »

Dubai moves toward smarter customs procedures

DUBAI: The United Arab Emirates has become one of the most alluring destinations in the world, thanks to its five-star hotels, luxurious amenities and unique attractions. With an influx of people planning travel to Dubai, many other spots throughout the city are attempting to cater to these tourists by making all official processes easy and painless. That is certainly true ... Read More »

Nepal, China agree on customs system reform

KATHMANDU: The Customs officials from Nepal and China have agreed on reforming customs system and curbing gold smuggling. According to Deputy Director General at the Customs Department, Damodar Regmi, the recent 26th meeting between the Customs officials from Nepal and Tibet Autonomous Region of China agreed on giving easy access of Nepali goods to Tibet and trade between the countries ... Read More »

Customs seizes 3 trucks

LAHORE: Multan Customs’ anti-smuggling squad took three mini trucks worth Rs3 million into custody for non-payment of customs duty and other dues, officials sources said. The squad led by Inspector Haq Nawaz impounded two mini trucks from Bahawalpur bypass and a mini truck, Khushab-3495, Muzaffargarh toll plaza. The squad sent cases to Customs’ Adjudication Branch for recovery of customs duty ... Read More »

FBR to utilise alternate courier services, Pakistan Post to deliver notices

LAHORE: Federal Board of Revenue (FBR) has been decided to utilise alternate courier services and Pakistan Post extensively to deliver notices in the areas not covered by other courier services. According to FBR, so far 11,373 notices have been delivered to potential taxpayers and out of the total 1,189 have registered themselves as taxpayers and 9,365 notices have been returned ... Read More »

Importers face difficulties in filing GDs as WeBOC not working

KARACHI: The importers are facing difficulties in order to file their Goods Declaration (GDs), as the WeBOC System is not working properly. The importers were of the view that their GDs did not proceed throughout the day due to the non-operation of WeBOC, a computerised system. One of the importers while talking to Customs Today said that the WeBOC System ... Read More »

Off-duty letters issued against 2 appraisers of MCC-West, 13 others get warning letters

KARACHI: The Collector Model Customs Collectorate (MCC-West) Muhammad Saleem has issued off-duty letters against two appraising officers and warning letters to 13 other officials including one principal appraiser and 12 appraising officers on the allegation of under voicing in 75 consignments of imports. The sources informed Customs Today that the high officials in MCC-West found that the 15 Customs officials ... Read More »

Rawalpindi-Islamabad Customs Agents observe strike

ISLAMABAD: Rawalpindi-Islamabad Customs Agents Association observed strike on Saturday against the alleged negative behaviour of Deputy Collector Ayesha Bashir Wani. R-ICAA President Rana Aqeel told Customs Today that though the deputy collector is hard working and has been helping the government generating heavy revenue but her behaviour towards customs agents is harsh. “Ayesha Wani does not give due respect to ... Read More »

KCCA committee to take up all issues with Customs high-ups: Iftikhar Shaikh

KARACHI: Newly-elected President Karachi Customs Agents Association (KCAA) Iftikhar Ahmed Shaikh has said that he believes dialogue is the best way to resolve issues with customs authorities and the association is willing to fully cooperate with the Customs Department in this regard. In his first and exclusive interview with Customs Today after his election as KCAA President, Shaikh said that ... Read More »

Targeted-survey being launched to unearth rich tax evaders: Bajwa

ISLAMABAD: Federal Board of Revenue (FBR) has almost achieved its Rs509 billion target set for the first quarter of fiscal year 2013/14 as it has collected Rs481 billion so far and the total revenue collection target for the current fiscal year is Rs2,475 billion. FBR Chairman Tariq Bajwa told this to the Senate Standing Committee on Finance head by Senator ... Read More »

Poor response to FBR’s campaign for widening tax net

ISLAMABAD: Federal Board of Revenue Member Facilitation and Taxpayer Education (FATE) and Spokeswoman Riffat Shaheen Qazi has said FBR is taking serious measures to broaden the tax net. “Over 31,000 notices were sent to ‘tax evaders’ in the last three months but only 1,153 people registered themselves on voluntarily basis,” she said while talking to the media after the inauguration ... Read More »

Customs Houses to remain open on Oct 26

ISLAMABAD: Model Customs Collectorates will remain open and observe normal working hours on October 26 (Saturday) in order to facilitate the trade and industry in getting their cargo cleared for imports/exports and payment of duty and taxes. A notice issued here Friday by Federal Board of Revenue also advised the Chief Collectors to coordinate with management of the State Bank ... Read More »

Commission for curbing smuggling of foreign currency

ISLAMABAD: One-man Commission on ‘smuggling of arms and ammunition’, while taking steps to curb transferring of foreign exchange through hundi/hawala, has recommended a currency declaration form for all outgoing international passengers. The Commission, headed by former FBR Member Customs Ramzan Bhatti, has suggested making it mandatory for all outgoing international passengers to declare the foreign currency that they are taking ... Read More »

10pc GST on Security Agencies unjust: Muffasar A Malik

KARACHI: Acting President of Karachi Chamber of Commerce and Industry (KCCI), Muffasar A Malik, has assured All Pakistan Security Agencies Association (APSAA) that the KCCI will once again raise its voice against the unjust imposition of 10 per cent General Sales Tax (GST) on Security Agencies. “In this regard, the Karachi Chamber will approach Sindh Revenue Board (SRB) and ask ... Read More »

Amendments in WeBOC almost finalised

KARACHI: The process of making amendments in Web-Based One Customs (WeBOC) System is in its final stage and the WeBOC team of Customs House Karachi has almost finalised all its amendments after the sessions of deliberations with the officials concerned of all collectorates of Karachi. Sources in WeBOC Department told Customs Today that the WeBOC team after consultation with all ... Read More »

New Customs values of cosmetics, toiletries issued

KARACHI: The Valuation Department of Pakistan Customs has issued new Valuation Ruling (VR) No 596 of the cosmetics and toiletries products in just 25 days after the issuance of previous VRs No 588, 589 and 590. The Valuation Department had issued VRs No 588, 589 and 590 of the cosmetics and toiletries items on Sept 30 after conducting a market ... Read More »

Ukraine entry to Customs Union impossible: Putin

MINSK: Russian President Vladimir Putin has said that Ukraine entry to Customs Union is impossible after signing association accord with EU. Russia is neither ‘for’ nor ‘against’ Ukraine’s signing association agreement with EU, its Ukraine’s sovereign right, Vladimir Putin added. The Customs Union presidents have agreed to move to the scrapping of exemptions from the rules of the Customs Union ... Read More »