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Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

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 »

Thai Customs seizes 2.2kg cocaine at airport

SAMUT PRAKAN: A woman was arrested with 2.2 kilograms of cocaine on arrival at Suvarnabhumi airport, Customs officials said. Piyawan Jitwong, 28, was searched after stepping off a flight from India. The drugs, worth more than 9 million baht, were allegedly found in two pieces of her luggage. Ms Piyawan claimed the luggage belonged to a male friend. Customs Department ... Read More »

Philippine Customs seizes smuggled goods

MANILA: Customs agents at the Manila International Container Port have intercepted shipments of hazardous chemicals, used trucks, motorbikes and other smuggled items worth P16.3 million ($0.38m) from London, Japan, the United States, China and Hong Kong. The container vans loaded with 160 packages of Toluene Diisocyanate from Hong Kong was consigned to Mythian Trading, which described the shipment in its ... Read More »

Nigerian Customs impounds contraband worth $1.7m

ABUJA: The Federal Operations Unit (FOU) of the Nigeria Customs Service (NCS) Zone “C” Owerri, made a total of 31 seizures of contraband including two 20-foot containers of printed textile materials (566 bales) put at N264,745 million ($1.7 million) duty paid value (DPV). Customs Area Controller (CAC), FOU, Zone C, Mr Victor Dimka, disclosed this at Abia/Imo Command premises while ... Read More »

South African model nabbed for smuggling cocaine at Manila airport

MANILA, Philippines: A South African model was caught with 8.5 kilograms of cocaine at the Ninoy Aquino International Airport (NAIA), the Philippine Drug Enforcement Agency (PDEA) said on Friday. PDEA chief Arturo Cacdac Jr. identified the arrested female model as Debbie Penz Reyneke, 24. Cacdac said Reyneke arrived on board Emirates Airways flight EK 332 from Dubai at the NAIA ... Read More »

FBR digs out reasons behind decline in duty collection: Member Customs

ISLAMABAD: Federal Board of Revenue (FBR) has unearthed that the value of dutiable imports in dollar terms declined by 6.5 percent during the first quarter (July-September) period of the current fiscal year, causing worry among the tax managers for achieving the desired tax target of Rs 2475 billion for 2013-14. A detailed investigation done by FBR reveals that the country’s ... Read More »

Gilgit-Baltistan Assembly discusses non-customs paid vehicles

GILGIT: Gilgit-Baltistan legislative assembly Speaker Wazir Baig has urged treasury benches to inform the house whether non-customs paid (NCP) vehicles have been regularised after the payment of customs duty. The speaker’s remarks came after lawmakers complained that the fate of NCP vehicles hangs in the balance despite paying customs duties. “A court in Islamabad has declared the federal government’s amnesty ... Read More »

New Customs values for polyethylene tarpaulin issued

KARACHI: New customs values for import of ‘polyethylene tarpaulin’ specifically from China, South Korea and Vietnam have been issued by Directorate General of Customs Valuation Karachi under section 25-A of the Customs Act, 1969 to accurately assess the duty. The customs value of ‘PE tarpaulin’ would be $2.50 per kg on import from China & Vietnam and $2.65 per kg ... Read More »

Exports from EPZA soar up to 15pc in Q1

KARACHI: Export Processing Zones Authority (EPZA) has demonstrated improved performance during the first quarter of fiscal year 2013-14. In July, exports from EPZA registered a significant increase of 33 per cent as compared with the figures of last year in the same month. In July 2012-13 export figures from EPZA stood at $21.756 million which increased to $29.041 million during ... Read More »

FBR forms committee to investigate pact with Agility

KARACHI: Federal Board of Revenue has formed an inquiry committee, comprising FBR Member Customs, FBR Member IT and two other members, to find out the motive behind repeated extensions in the agreement with M/s Agility for rollout of Pakistan Customs Computerised System (PaCCS) and payment of $11.5 million to the company. Sources said that FBR has made payments to the ... Read More »