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Customs officials impound illegal shopping bags, auto spare parts

LAHORE: Model Customs Collectorate’s anti-smuggling wing has seized Rs3.5 million worth of non-customs duty paid shopping bags and auto spare parts in two different raids at Shera Kot and Shahdara. In the first raid at the Shera Kot, the wing seized Iranian-made shopping bags worth Rs2 million which were being smuggled to local market in the City. Similarly, the Customs ... Read More »

LCCI worried over closure of tractor industry

LAHORE: The Lahore Chamber of Commerce & Industry has shown grave concern over the closure of tractor industry and called for its early revival. In a statement, LCCI President Engineer Sohail Lashari said that that tractor industry was not only an important source of revenue for the government but also providing employment to thousands of people directly and indirectly. He ... Read More »

Zahoor assumes charge as Quetta MCC Collector

ISLAMABAD: Zahoor Akhtar Raja (PCS/BS-20), in pursuance of Federal Board of Revenue`s notification No. 2620-C-I/2013, dated 04-11-2013, has relinquished charge of the post of Collector, Collectorate of Customs (Adjudication-II), Karachi. He has assumed charge of the post of Collector, Model Customs Collectorate, Quetta. Read More »

FBR, IPO-Pakistan launch operation against smuggled/pirated goods

ISLAMABAD: Federal Board of Revenue has launched countrywide operation against the smuggled/pirated goods in coordination with the Intellectual Property Organisation of Pakistan. FBR has issued instructions to all Collectors of Customs in this regard to seriously examine the concerns of IPO-Pakistan for appropriate action. According to FBR instructions to the field formations, FBR has received complaints of IPO-Pakistan on IP ... Read More »

Mumbai Customs look for diamonds, find glass in crown

MUMBAI: The ‘diamonds’ studded in Miss Asia Pacific 2013 Srishti Rana’s crown, which Customs was quick to confiscate citing unpaid duty for the gems, turned out to be pieces of glass. After the report of a valuation expert confirmed this, Customs released the crown. The Mumbai Customs had, on Tuesday, seized the crown of 21-year-old Rana, who bagged the title ... Read More »

Indian caught with 1kg gold tucked into his underwear

HYDERABAD:  For the second time in two weeks, an Indian landing in Hyderabad from Bangkok has been caught trying to smuggle in gold in his underwear. Customs officials found a man with a kilo’s worth of gold biscuits tucked into his underpants. The bars had been wrapped in several layers of carbon paper in an attempt to make the metal ... Read More »

US Customs frisk Miss Universe’s frock

NEW YORK: An integral piece of Miss Universe Australia’s kit has been given a shakedown by American Customs officers while en route to Moscow for this weekend’s contest. Miss Australia Olivia Wells was travelling with her gown, which is inspired by the Great Barrier Reef, to the competition three weeks ago when she was made to unpack the dress because ... Read More »

Vietnamese Customs department to seek relaxed law for importers

HO CHI MINH CITY: With importers repeatedly lamenting a new regulation that delays the transportation of their goods from seaports to warehouses by up to ten days, the General Customs Department will call for relevant agencies to loosen the law. The general department is scheduled to work with several ministries including public security, agriculture, industry and trade, health, and transport ... Read More »

Reforming FBR

Reform and restructuring of FBR is once again in the news.  According to a report, the Bureau   has constituted a high-level committee to determine the core functions of the Directorate General of Intelligence and Investigation Inland Revenue and Directorate General of Internal Audit to avert overlapping of functions and organisational restructuring of the agency. At a recently held meeting of ... Read More »

MMC Preventive-East collects 15 pc additional revenue: Collector Abdul Rasheed

KARACHI: Collector MCC-Appraisement (East) Abdul Rasheed Shaikh hoped that the collectorate will definitely achieve the tax target set for fiscal year 2013-14 by FBR. The Model Customs Collectorate (MCC)-Appraisement (East) has collected 15 percent additional revenue in the first quarter of the current fiscal year 2013-14, as compared to the same period of the previous fiscal year. This was stated ... Read More »

Taxes the only way to get out of debt trap: Spokesperson FBR Shahid Asad

ISLAMABAD: The newly-designated Official Spokesperson for FBR and Member (IR Policy), Shahid Hassain Asad, has said that although the media generally projects a negative image of tax collection machinery, there is also a lot of positive reporting in newspapers about the work being done by FBR. All reports should be properly investigated to verify the facts and figures and the ... Read More »

Four vehicle smugglers arrested

LAKKI MARWAT: Four vehicle smugglers have been arrested near the Tajori town, while smuggling a non-Customs paid car. Acting on a tipoff about possible attempt of stolen and NCP vehicles’ smuggling to Punjab from Frontier Region, a police team was deployed in the area, said SDPO Naurang Liaqat Shah. “A check points was established on roads near Tajori town,” he ... Read More »

Pakistan, BD to share strengths for economic wellbeing

LAHORE: Pakistan and Bangladesh will share their respective sectoral strengths with each other for the economic wellbeing of the two countries. This was agreed at a meeting between Bangladesh High Commissioner to Pakistan Suhrab Hussain and LCCI President Engineer Sohail Lashari. Honorary Consul General Qazi Humayun Fareed, SAARC CCI Vice President Iftikhar Ali Malik, former LCCI Vice President Saeeda Nazar, ... Read More »

Customs values of laptop chargers/adaptors issued

KARACHI: The Directorate General of Customs Valuation has determined the Customs values of laptop chargers/adapters imported from China through a Valuation Ruling No. 606/2013 under Section 25-A of the Customs Act, 1969. According to the valuation ruling, adapters having the Pakistan Customs Tariff (PCT) Heading 8504.4020 and 8504.4090 and proposed PCT for WeBOC 8504.4020.1100 and 8504.4090.1100 have the Customs Values ... Read More »

Customs officials yet to compile data of missing containers

KARACHI: The high authorities of Pakistan Customs have yet to compile data of missing containers loaded with arms and ammunitions from its database as the next hearing of the ‘missing containers case’ is to be held in Supreme Court of Pakistan, Islamabad on Nov 11 (Monday). The sources in Customs House told Customs Today that the authorities concerned have tried ... Read More »

Transfers & postings of PAs, Appraisers and EOs

KARACHI: The Chief Collector South (Appraisement) through Office Orders No.19, 20 and 21 has issued orders for the transfer and posting of the Principal Appraisers (PAs), Appraisers and Examining Officers (EOs) in Model Customs Collectorate (MCC) Appraisement (East) and MCC Appraisement (West). As per detail, nine PAs have been transferred from MCC Appraisement (East) to MCC Appraisement (West) and MCC ... Read More »

Customs seizes smuggled cloths worth Rs12m

KARACHI: Anti-Smuggling Organisation of Pakistan Customs has seized smuggling goods worth Rs12 million and arrested the alleged smuggler. Acting on a tipoff about smuggling of Afghan transit cloths into the city, a team of anti-smuggling unit stopped a suspicious trailer near Dubai Centre for a search, which was found to be full of smuggled cloths. The driver of the vehicle, ... Read More »

Customs for curbing cattle smuggling from Balochistan to Iran

ISLAMABAD: Customs authorities have decided to take strict action against livestock smuggling from Balochistan to Iran as the smugglers are transporting animals by simply obtaining NOCs from local administration of different districts. The Customs officials have raised the issue with the Chief Secretary of Balochistan for curbing the practice with stern administrative steps and urged him to direct the district ... Read More »

KCCI extends support to PYMA in resolving taxation issue

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President A Abdullah Zaki has extended his full support to Pakistan Yarn Merchants Association (PYMA) for resolving a major issue pertaining to 2 per cent sales tax on commercial imports of raw material and 2 per cent value addition sales tax as these illegitimate taxes have resulted in raising the cost of ... Read More »

FPCCI President chairs D-8 FCCI meeting in Tehran

KARACHI: The President of FPCCI and President of D-8 Federation of Chambers of Commerce and Industry (D-8 FCCI), Zubair Ahmed Malik, has chaired the first committee meeting on finalisation of D-8 FCCI Statute in Tehran. The meeting was attended by the presidents of chambers of commerce of five member countries including Pakistan, Iran, Turkey, Egypt and Nigeria. The meeting discussed ... Read More »