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Tag Archives: Custom

Guard shoots, injures Karachi port worker

KARACHI: The Karachi Port Trust staff stopped working on Wednesday after a security guard allegedly injured a port worker. According to Superintendent of Police Sheraz Nazir, a worker Shahzad was injured by the security guard. The injured has been shifted to the local medical centre for first aid. Later, the KPT employees stopped working to protest against the incident.   Read More »

1 bench of Karachi Customs Appellate Tribunal not functional

KARACHI: One of the three benches of the Karachi Customs Appellate Tribunal have not been functional since 2012, it is learnt. The tribunal, which serves as a forum to settle revenue-related disputes of appraisement, was established in 1985 under Section 194 to ease burden on Sindh High Court. Three such tribunals were established, one each in Karachi, Lahore and Islamabad. ... Read More »

Customs serves recovery notices on 55 steal millers

SIALKOT: The Regional Tax Directorate in Gujranwala has issued tax recovery notices to 55 steal millers. The directorate has also collected Rs 500 million taxes in Gujranwala division despite the civil disobedience call given by the Pakistan Tehreek-e-Insaf Chairman Imran Khan. According to a senior official, the Federal Board of Revenue (FBR) has set another target of Rs 250 million ... Read More »

FIA to produce arms smuggler in court on Thursday

KARACHI: Sofia Latif, a customs, taxation and anti-smuggling judge, has remanded an accused to the FIA’s custody after arms and ammunition were seized from his personal baggage at the Jinnah International Airport. Mumtazuddin, the accused, will be produced before the judge on Thursday. Sources informed Customs Today that customs has recovered 25 parts of pistol and 97 magazines from the ... Read More »

Multan Customs earns Rs1.836m from auction of seized goods

MULTAN: The Model Customs Collectorate Multan earned worth Rs1.836 million from the auction of different seized goods. The auction was held at Multan Dry Port which led by Customs Deputy Collector (dry port) Multan Muhammad Ali Malik along with Appraisement Officer Ashraf Shah and Auction Officer Muhammad Akram. There were four different vehicles put up for auction including a Toyota ... Read More »

Rs 771.8m tax evasion: Customs issues contravention report against Q-Mobile

KARACHI: The Collectorate of Customs Adjudication-I has issued a contravention report against New Allied Electronics (Private) Limited and Digicom (Private) Limited (proprietors of the Q-Mobile cellular phones brand). The Model Customs Collectorate (MCC) Multan has issued the report on alleged tax evasion of Rs 771.8 million under the head of sales tax, additional sales tax and income tax. The total ... Read More »

Appraisement-West implements Queue Management System

KARACHI: A Queue Management System (QMS) has been introduced at the Model Customs Collectorate of Appraisement-West to facilitate the authorised clearing agents and importers. According to details, automated token machines have been installed outside the offices of the assistant and deputy collectors to facilitate the clearing agents during the hearing of their cases. Moreover, proper seating and lighting arrangements for ... Read More »

Potential taxpayers served show-cause notices in Lahore

LAHORE: The Lahore Broadening of Tax Base (LBTB) has issued 1,500 show-cause notices to the potential taxpayers and enterprises Under Section 122C of the Income Tax Ordinance 2001. The notices have also been served on such individual and enterprises which were declared as potential taxpayers on the bases of the assessment of their properties or they had conducted taxable transactions. ... Read More »

Customs Adjudication-I summons cigarette smugglers

KARACHI: The Collectorate of Customs Adjudication-I has issued show-cause notice to three individuals namely Haji Sadiq, Zeeshan and Qasim, for allegedly hoarding and dumping 1,289 cartons of smuggled cigarettes, 19 cartons of Indian gutka and 62 ‘sacks’ of ‘naswar’ worth Rs 11 million. According to details, Directorate General of Customs Intelligence and Investigation-FBR, Regional Office Karachi received credible information that ... Read More »

KSE 100-index down by 275 points

KARACHI: Karachi Stocks Exchange (KSE) 100-Index lost 275.75 points to reach 28243.59 due to prolonged political uncertainty in the federal capital for 12 days. KSE 100-index has started trading at 28519.5 points and gained 90 points in first forty minutes to reach all day high 28609.94 mark but later stock started losing points gradually to end with 275 points loss. ... Read More »

Up country dry ports vital for interregional trade: Ishaq

SIALKOT: All Pakistan Dry Ports Association Chairman Muhammad Ishaq Butt said that the role of up country dry ports will become vital in the future with the growth of inter-regional trade, especially due to improving trade relations among Saarc countries and predictable peace in the region. Talking to Customs Today here, he said that all issues related to the up ... Read More »

Youths: From assets to liability

Pakistan is blessed with intelligent brains and myriad of hardworking workforce, but how much is its utility in this land of pure is a million dollar question. When the skilled workforce is put to work, it is an asset and when it is not, it is a liability. In the same manner, more population means more businesses and more jobs, ... Read More »

Review petition on value of shoe-polish by M/s Osaka Electrical allowed

KARACHI: The Directorate General of Customs Valuation through Order in Revision No.64/2014 has allowed the review petition filed by M/s Osaka Electrical Corporation on revision of Customs values of shoe-polish in tin, against Valuation Ruling No 663/2014. According to details, the authorities concerned of Pakistan Customs-FBR after hearing the petitioner (M/s Osaka Electrical Co) and going through the complete record ... Read More »

FBR to expand investigation into Q-Mobile tax evasion case: Shahid Asad

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to expand its investigations into Rs 770 million tax evasion case by the country’s top cellular company, Q-Mobile. After lodging a case against it for alleged theft of customs duty, now it has been decided to also bring income tax and sales tax into the investigation process. Talking to Customs Today, ... Read More »

FBR Chairman, Member Customs review revenue operations

KARACHI: The Federal Board of Revenue (FBR) Chairman Tariq Bajwa and Member Customs Nisar Muhammad Ali Khan visited Karachi Customs House to hold meetings with the Pakistan Customs officials on revenue operations at Chairman Secretariat. The Pakistan Customs Enforcement-South Chief Collector Muhammad Nazim Saleem, Appraisement-South Chief Collector Nasir Masroor, MCC Appraisement-East Collector Najeeb-ur-Rehman Abbasi, MCC Appraisement-West Collector Muhammad Saleem, MCC ... Read More »

Traders start preferring Karachi port over Islamabad Dry Port due to sit-ins

ISLAMABAD: The importers and exporters from Islamabad have started importing and clearing their consignments from Karachi port instead of Islamabad Dry Port due to sit-ins in the federal capital. The traders of Islamabad have been more vulnerable to the effects of the present political disturbance than of any other city in the country. Many importers have cancelled their orders due ... Read More »

Customs investigates Q-Mobile tax evasion on 2.4m smartphones

MULTAN: Collector Model Customs Collectorate Sarfaraz Warriach said that investigation has been launched against Q-Mobile company which imported 2.4 million mobiles in 2013-14 at a cost of Rs 14.90 billion but paid customs duty of Rs 250 on each set instead of Rs 500. As per details, these mobiles were imported under the banner of Allied Electronics Private Limited and ... Read More »

Customs Intelligence unearths multi-million rupees tax evasion scam

LAHORE: The Customs Intelligence and Investigation has unearthed a scandal involving tax and duty evasion to the tune of millions of rupees and has seized 14 containers. Official sources said that Customs Intelligence and Investigation Director General Lutfullah Virk was tipped off about a gang involved in the unlawful unloading of heavy duty imported goods with replacement of low duty ... Read More »

Sialkot Dry Port Chairman urges dialogue, condemns road blockade

LAHORE: Sialkot Dry Port Chairman Muhammad Ishaq Butt has demanded all the political parties resolve the political issues through dialogue in the larger interest of the country. He said that political unrest in the federal capital had affected the exports from Sialkot Dry Port as all roads from Sialkot to Islamabad were blocked. “Exports have decreased by 30 percent during ... Read More »

Imran, Qadri sit-ins: A mixed week for KSE 100-index

KARACHI: A war of nerve between bulls and bears had been continuing at the Karachi Stock Exchange for the entire previous week as the KSE 100-index jolted many a time owing to Azadi and Inqilab marches led by Imran Khan, the chief of Pakistani Tehreek-e-Insaf (PT) and Dr Tahirul Qadri, the chief of Pakistan Awami Tehreek (PAT) in the federal ... Read More »