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Tag Archives: Custom

Collectorate of Enforcement-South collects Rs20517.88m customs duty

KARACHI: The Collectorate of Enforcement-South along with  MCC-Preventive, MCC-Hyderabad, MCC Exports, MCC Quetta and MCC Gwadar collected Rs20517.88million altogether in terms of Customs Duty (CD) against the target of Rs23008.40million for FY 2013-14. As per details, Customs Duty collection of Rs 20517.88 was Rs2490.52million less than the target of Rs23008.4 million for FY 2013-14. According to the figures revealed by ... Read More »

13 fabric importers booked by MCC Appraisement-West

KARACHI: FBR Model Customs Collectorate (MCC) of Appraisement-West has booked 13 importers on misdeclaration of textile fabric and prepared 54 contravention reports (CRs) against them. According to details, the MCC Appraisement–West prepared 28 contravention reports against M/s Vital Industries, six contravention reports against M/s Omron Industries, four contravention reports against M/s Ehsan Enterprises, three against A K Fashion Apparel, three ... Read More »

Well done FBR

The FBR has collected Rs 324 billion more in fiscal year 2013-14 by collecting Rs 2270 billion against a collection of Rs 1946 billion in 2012-13 so the growth in revenue collection stood at 16 percent. In the last financial year of 2013-14 that ended on June 30, 2014 so far the FBR’s collection in accordance with provisional estimates was ... Read More »

Collaborative efforts needed for better revenue collection: Tariq Bajwa

ISLAMABAD: FBR Chairman emphasized Members of FBR to expedite the efforts to achieve the revenue target for FY2014-15. As per details, FBR Chairman Tariq Bajwa presided an important meeting on budget/revenue reforms and their execution plans to achieve the revenue target for FY 2014-15. The Meeting was held at Federal Board of Revenue (FBR) head quarter here the other day. ... Read More »

Nasir Masroor asked to redress traders grievances

KARACHI: The traders in a letter to Chief Collector Appraisement -South Nasir Masroor Ahmed demanded to formulate a committee, comprising representatives from trade bodies for immediate redressal of trader’s grievances. A source from FBR updated the Customs Today about the letter from traders in which they have requested FBR Chief Collector Appraisement -South Nasir Masroor Ahmed to devise a committee ... Read More »

MCC Hyderabad collects Rs769.211m, makes 188 seizures of HSD, tyres, auto parts

HYDERABAD: During Financial Year 2013-14, the Model Customs Collectorate Hyderabad has produced remarkable results in its revenue collection and anti-smuggling operations. In the last month of June 2014, Rs.769.211 million were collected under the head of customs duty. Likewise an amount of Rs.7144.281 million was collected in FY 2013-14. Revenue collection of the Collectorate has been declined due to less ... Read More »

SHC orders to release fabric consignments on US$4.50per kg duty payment

KARACHI: The Sindh High Court (SHC) in its verdict, permitted importers of fabric to cleared their consignments after paying duty at US$4.50per Kg. The Honourable Court has given its verdict against the three Constitutional Petitions filed, including (CP) No. D-3409/2014 filed by the proprietor of M/s Ehsan Sons. The other two CPs were filed by M/s Vital Enterprises and M/s ... Read More »

Violation of SRO670: AIB of MCC-Appraisement (West) to investigate 3 more importers

KARACHI: The Appraising Intelligence Branch (AIB) of Model Customs Collectorate (MCC) of Appraisement (West) has decided to extend the ambit of investigation in recently lodged FIR against M/s Reliable Enterprises, it is learnt here. The AIB sources informed Customs Today that the authorities concerned with the approval of Collector, MCC-Appraisement (West) Muhammad Saleem has started investigation against three other importers, ... Read More »

FC seizes 160,000 litres of Irani smuggled oil

GWADAR: Frontier Corps (FC) during a raid at Sakran Road in Lasbela tehsil of Balochistan has recovered five tankers with 160,000 litres of Irani smuggled oil worth millions of rupees. According to FC spokesman, the oil was being smuggled from Gwadar through Kachha. FC made a timely raid and foiled the smuggling bid. FC has handed over the smuggled oil ... Read More »

Implementing DTRE: MCC-Exports yet to take action on IOCO recommendations

KARACHI: The Model Customs Collectorate (MCC) of Exports has not yet taken any action against the recommendations forwarded by the Input-Output Co-efficient Organization (IOCO), last month regarding scrutinizing the value addition and implementing Duty Taxes Remission on Exports (DTRE) in M/s Lucky Textile case, it is learnt here. The FBR sources informed Customs Today that the IOCO has forwarded recommendations ... Read More »

Directorate of Reforms to install AIR module in WeBOC

KARACHI: The Directorate of Reforms and Automation (R&A) has started its working on “Air Information Report” (AIR) module in WeBOC, computerized system, it is learnt here. The FBR sources informed Customs Today that the module AIR would be implemented at all airports and air freight units across the country by the month of August, 2014. They further stated that the ... Read More »

Violation of SRO560(I): Customs recovers Rs5m from Chinese cellular company

KARACHI: Pakistan Customs-FBR has recovered an amount of Rs 5million from a Chinese cellular company, which was involved in violating the SRO560 (I) of the Sales Tax Ordinance, 1990. According to the details, the Model Customs Collectorate (MCC) of Appraisement-East has detected a case of tax evasion in which a Chinese cell phone company was found involved in violating the ... Read More »

Tuesday February 25 -Monday March 3, 2014

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