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Gujranwala Excise seals 55 properties, impounds 41 vehicles

SIALKOT: The Punjab Excise and Taxation Department has sealed as many as 55 properties on not paying the property tax besides impounding 41 token tax defaulter vehicles during the ongoing recovery campaign. According to the senior E&T officials, the special recovery teams of the E&T Department had established special check posts at all the entry and exit points of Gujranwala ... Read More »

Multan Collector Sarfraz holds meeting to review revenue collection

MULTAN:  Model Customs Collectorate Multan Collector Dr. Sarfraz Ahmad Warriach holds a meeting with official of Collectorate to review the revenue collection and discuss the declining trend in import of High Speed Diesel. As per detail, Additional Collector Ghulam Mustafa and Deputy Collector Multan Dry Port Dr. Muhammad Ali Malik and others attended the meeting. Collector Sarfraz was briefed by ... Read More »

Lahore: Board of Revenue holds conference on land record management

LAHORE: The Punjab Board of Revenue Project Management Unit has arranged an informative conference for representatives of the Punjab Bar Council, government members and office-bearers on the project of land record management and information here on Thursday. The participants were apprised of the importance of the project, aims and objectives and the progress made so far in this regard. Senior ... Read More »

Lahore: Customs Intelligence seizes illegally imported items, vehicles worth Rs 445 million

LAHORE: The Customs Directorate of Investigation and Intelligence Lahore Anti-Smuggling Organisation has confiscated smuggled items worth Rs 445 million involving duty and taxes worth Rs 268 million and registered 98 cases during first nine months of current fiscal year 2014-15. As per detail, the Customs I&I Lahore Anti-Smuggling wing conducted various operations following the instruction Director General Customs I&I Lutfullah ... Read More »

Hyderabad customs’ employees seek promotions  

HYDERABAD: The Model Customs Collectorate Hyderabad’s employees of 16-grades have asked the Federal Board of Revenue to promote them to 17-grade. Talking to Customs Today customs’ employees said that Finance Minister Ishaq Dar had announced during last budget that employees of BS-16 will be promoted to BS-17 but no any action has been taken so far regarding the promotion of ... Read More »

51MoUs of $46b with China will bring economic stability in Pakistan: TDAP chief

KARACHI: The Chief Executive Officer (CEO) Trade Development Authority of Pakistan (TDAP) SM Muneer has said that the 51 Memoranda of Understanding (MoU) amounting to $46 billion would definitely bring economic stability in Pakistan and Chinese President visit to country will open doors of opportunities for the people and business community of Pakistan. He expressed these views while addressing a ... Read More »

Customs unearths mis-declared consignment of Rs 5.437 million

MULTAN: The Model Customs Collectorate Multan has unearthed the mis-declaration of Rs 5.437 million in the import of high carbon steel wire rod (HCSWR). Ahmad Industries (Pvt) Limited has imported 141.392 metric tons of consignment of high carbon steel wire rod. It claimed its import consignment of HCSWR under PCT Heading 7213.9190 at the rate of 10 percent customs duty. ... Read More »

Karachi Tax Bar Association to hold pre-budget seminar on April-28

KARACHI: The Continuous Professional Education (CPE) Committee of Karachi Tax Bar Association (KTBA) has decided to organize a pre-budget seminar for the Fiscal Year 2015-16 on April-28 (Tuesday) at auditorium of the Regional Tax Office (RTO) located at the 12th floor of the building, it is learnt here. According to details, the President Karachi Tax Bar Association (KTBA) Muhammad Zubair ... Read More »

Chile’s Calbuco volcano erupts for 1st time in over 42 years

CANADA: The Calbuco volcano has erupted for the first time in more than 42 years, billowing a huge ash cloud over a sparsely populated, mountainous area in southern Chile. Authorities ordered the evacuation of the 1,500 inhabitants of the nearby town of Ensenada on Wednesday, along with residents of two smaller communities. The National Mining and Geology Service issued a ... Read More »

Tesco posts record statutory pre-tax loss of £6.4b

LONDON: Tesco has reported the worst results in its history with a record statutory pre-tax loss of £6.4bn for the year to the end of February. That compares with annual pre-tax profit of £2.26bn a year earlier. It is the biggest loss suffered by a UK retailer and one of the largest in the country’s corporate history. Around £4.7bn of ... Read More »

150 Greater Manchester businesses pitch for £1m Branson business prize

LONDON: More than 150 Greater Manchester entrepreneurs and small businesses attended a Virgin Media Business event last night at Gorilla. Launched by Sir Richard Branson the ‘#VOOM:PItch to Rich 2015′ event was hosted in association with Eventbrite. The nationwide competition invites SMEs of all sizes and aspiring entrepreneurs to pitch their business ideas to the Virgin Group Founder for the ... Read More »

Dutch brewer Heineken sells 2.2% more beer in 1st quarter of 2015

AMSTERDAM : Dutch brewer Heineken NV says it sold 2.2 per cent more beer in the first quarter of 2015 compared with a year earlier, thanks to growth in Asia and the Americas. The company reported 2.2 per cent organic sales growth to 4.8 billion euros for the first three months of the year. Organic sales figures strip out the ... Read More »

China customs arrests gangs in 440,000 tons of oil smuggling case

BEIJING: Chinese customs have detained members of two gangs involved in smuggling 440,000 tonnes of fuel using retooled fishing boats or vessels done up to look like boats that carry out cleaning work on oil tankers, authorities said. Fuel smuggling has picked up since late last year after China raised consumption taxes sharply on a variety of oil products from ... Read More »

FIA nabs seven human traffickers, including six proclaimed offenders

LAHORE : The Federal Investigation Agency (FIA) crackdown on human traffickers continue with full determination. According to FIA Lahore Admin Deputy Director Khwaja Hammad, seven human smugglers have been brought to law by special teams of the agency. The FIA’s Anti-Human Trafficking Cell Lahore has arrested six proclaimed offenders (POs) and 1 court absconder, involved in human smuggling. The accused include Hadayat Masih ... Read More »

Customs seizes Rs 91m telecom equipment for mis-declaring PCT

KARACHI: The Directorate of Customs Intelligence Karachi has seized telecommunication equipment and accessories including energy storage units etc. imported by a mobile company. Name of the company has been kept secret as yet. Details revealed that seized goods were being cleared mis-declaring the PCT and concealing the actual value from Appraisement-West Collectorate Karachi Port. Director Customs Intelligence Muhammad Asif Marghoob ... Read More »

RTO impounds Sidra Steel Re-rolling Mill’s vehicle for tax evasion of Rs 0.69m

LAHORE: The Regional Tax Office (RTO) has impounded vehicle of Sidra Steel Re-rolling Mills for not paying sales tax of  more than 0.69 million. The vehicle was impounded in the directives of Commissioner Tax Zone IV Asim Majeed and Deputy Commissioner Farhan Sattar here on Wednesday. As per details Dupty Commissioner Farhan Khan, Deputy Superintendent Muhammad Rafique, Income Tax Inspertor ... Read More »

Customs Court to take up case against two suspects today for using fake Form-E in onion export

KARACHI: The judicial remand of two arrested accused namely Muhammad Asif and Muneer Ahmed in case of export of an onion consignment on forged Form-E would be expired today (Thursday). The Judge of Customs Courts Arshad Noor will summon the case today (Thursday). According to details, the Export Intelligence Branch (EIB) on April 9 registered an FIR against those two ... Read More »

Pakistan generates Rs 137.4m as tax on imports worth Rs 1.34b from India

LAHORE: Pakistan has imported items worth Rs 1.34 billion from April 1 to April 15 from India via Wagha border, while total taxes worth Rs 137.4 million were collected during the period. As per the details available with Customs Today, Pakistan imported tomatoes, garlic, polyethylene, cotton and rolling machinery from India. Pakistan imported 6,005,946kg tomatoes worth Rs 280 million, while ... Read More »

FIA forms teams to keep eye on pilferage of electricity, gas

SIALKOT: Federal Investigation Agency (FIA) has formulated several vigilance teams to keep vigilant eye on the pilferage of electricity and gas, besides, further tightening its circle around the electricity and gas thieves, as the FIA has also decided to launch a massive crackdown against  the record-holding accused in a bid to halt the electricity and gas pilferage in all the ... Read More »

Customs Adjudication orders to impound smuggled Hino Truck worth Rs 1.5m

MULTAN:  Customs Adjudication issued orders to confiscate the smuggled Hino Truck worth Rs 1.5 million. Anti-smuggling Organization has seized the smuggled Hino Truck during anti-smuggling operation at Chowk Karim Daad Qureshiwala. Kashif Ahmad owner of seized truck is the resident of Sargodha. The registration number of seized truck was TKA-246/sibi. The model of the Hino truck was 1996. The owner ... Read More »