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Tag Archives: Customs Act 1969

Order-in-Revision issued against reviewed petition on VR No 637/2014 on mini bus

KARACHI: The Director General of Directorate General Customs Valuation Samaira Nazir Khan has issued Order-in Revision against the reviewed petition filed by the Tayyaba Motors Limited on issuance of impugned Valuation Ruling No637/2014 linked with mini bus. In the Order, Director General of Customs Valuation Samaira Nazir Khan was of the view that the case suffers from the grave failure ... Read More »

Customs Exports issues notice to Mohsin Ali and Co for recovery of Rs 2.8m

KARACHI: The Special Recovery Cell (SRC) of Model Customs Collectorate of Exports, in its continued recovery campaign in recent days, has issued yet another recovery notice against Mohsin Ali & Co. According to details, the Assistant Collector of Special Recovery Cell Exports Dr Jam Muhammad Imran on the directives of Collector MCC Exports Manzoor Memon has issued recovery notice against ... Read More »

Customs Adjudication issues ONO against Halliburton Worldwide for tax evasion

KARACHI: Additional Collector Customs Adjudication-II Samiul Haq has issued Order-in-Original against the renowned multinational company Halliburton Worldwide Limited (DHL Global Forwarding) against its alleged involvement in massive miss-declaration in terms of value, description and weight of the imported consignments, Oil Well Chemical (Chem Latex-3000). According to details, the importer electronically filed the goods declaration KAPE-HC-51813-11-11-2014 for the import of Oil ... Read More »

DC Kokab Farooq issues ONO in seizure case of black tea

ISLAMABAD: Deputy Collector Customs Adjudication Kokab Farooq has passed the order in original (ONO) No 217 of 2014 against Amanullah Khan r/o Upper Dir and Amjad r/o Charsadda, in the seizure case of foreign origin black tea. In the ONO, she released the 1,050 kg black tea against redemption fine of 30% of the customs appraised value in addition to ... Read More »

FBR wants amendments in Anti-Money Laundering Act 2010

FBR has moved list of recommendations and it is now up to government and parliament to amend Anti-Money Laundering Act 2010   ISLAMABAD: The Federal Board of Revenue (FBR) has moved a list of amendments to include fiscal offences in the Anti-Money Laundering Act 2010. “Now it is up to the government and parliament to amend the requisite Anti-Money Laundering ... Read More »

Absence of guidelines delays valuation ruling of power contact lenses

  KARACHI: The absence of any guidelines to assess the Customs values on the import of power contact lenses has left the Customs authorities in a fix to assess their value. This is obvious from a letter sent to Additional Director of Customs Valuation by Deputy Collector Customs Irum Sohail. The letter citing Valuation Ruling No. 633/2014 says that the Valuation Ruling issued ... Read More »

Rs 333 million goods imported from India via Wagha Border

LAHORE: Pakistan has imported items worth Rs 333 million between September 15 and 21 from India via the Wagha border. According to available documents, the major items were potatoes, tomatoes, garlic, cake-oil, polyethylene and cotton yarn. The documents also read Pakistan imported potatoes worth Rs 19.8 million during the last week. No duty has been imposed on the import of potatoes from India ... Read More »

Court issues non-bailable warrants for arms smuggler

KARACHI: The Customs and Taxation Court Special Judge Soofia Latif issued non-bailable warrants for Javed Sami, accused of smuggling arms and ammunition at Jinnah International Airport Karachi last month. Sami was caught with arms and ammunition in his personal baggage and remanded to FIA custody. Sources informed Customs Today that customs has recovered 25 parts of pistol and 97 magazines from ... Read More »

Federations of Pak-Indian chambers join hands to enhance bilateral trade

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Federation of Indian Chambers and Commerce (FICCI) have signed an agreement to enhance bilateral trade between the two countries. The agreement was signed between both the representative bodies of traders on the sidelines of the Alishaan Pakistan Expo recently concluded in the Indian capital New Delhi. FPCCI Vice President ... Read More »

FIA likely to grill customs officials for clearing pharma raw material

KARACHI: A team of the Federal Investigation Agency (FIA) Lahore is mulling over to visit Karachi for further investigating the case related to the clearance of pharmaceutical raw material in which 76 Customs officials involved. Sources informed Customs Today that a team headed by FIA Assistant Director Mian Asif, husband of slain MQM MNA Tahira Asif, may visit Karachi to ... Read More »

Physical, mental health perquisite for nation’s efficiency: LCCI

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has organised a day-long seminar on “The Hidden Enemy” on Friday, in which a large number of people from different walks of life participated. LCCI Vice President Kashif Anwar and renowned Psychiatrist Dr GH Saqib Kalyani spoke on the occasion and marked the importance of physical and mental health. They pledged ... Read More »

FBR raises large taxpayer unit’s target by 30pc

LAHORE: The Large Taxpayer Unit (LTU) of the Federal Board of Revenue (FBR) has been assigned 30 percent more revenue target for September this year than the last year’s collections of Rs 15.03 billion during the same period. Sources told Customs today that the FBR has assigned Rs 19.497 billion tax collection target to LTU for September this year, which ... Read More »

Ex-CEO Hamdani owns TCS building

ISLAMABAD: The customs authorities have learnt that former TCS CEO Saqib Hamdani has the ownership of the main building of the TCS Express and Logistics Centre near Jinnah International Airport at Iqbal Avenue, Karachi. This revelation has opened new dimensions in the TCS and Smart Zone Company smuggling case that how a man hired as CEO could have the ownership ... Read More »

Dubai Customs seizure cases up 23pc in first half

DUBAI: Dubai Customs has raised collections from seized contraband as it has 23 percent more seizure case during the first half of this year than the same period of last year. As per details, Dubai Customs Passenger Operations Department has 1,037 confiscations during the first half of this year as compared to 843 seizures during the same period last year. ... Read More »

FBR to devolve powers to act against ‘black sheep’

ISLAMABAD: The Board in Council of the Federal Board of Revenue (FBR), on suggestion of Member Customs Nisar Muhammad Khan, has decided to give authority of institutional punitive measures to field formations, chief collectors and chief commissioners. After the said decision, heads of the field formations will be authorised to take action against corrupt officers on mismanagement and corruption. The ... Read More »

Customs judge remands 3 in fake ‘E’ form case

LAHORE: Customs Judge Tanveer Akbar sent three accused on a two-day remand for using fake ‘E’ form for foreign exchange on export in separate cases on Thursday. The court, accepting request of the customs investigation officer, granted remand of three accused, including clearing agents M Rashid, Nadeem and Wasim of Shipping and Freight Forwarders, on their alleged involvement in using ... Read More »

Bajwa directs tax officers to recover Rs 70 billion from SM Foods

MULTAN: The Federal Board of Revenue Chairman Tariq Bajwa has directed the subordinates to present the comprehensive report on Rs 70 billion tax evasion by a famous businessman of Multan City. As per details, FBR chairman asked regional tax officers of Multan to recover Rs 70 billion rupees tax from a businessman evaded in last two years. The accused Saim ... Read More »

LCCI polls: Anarkali traders support PIAF-Alliance

LAHORE: The traders of Anarkali and associated markets have announced to support PIAF-Founders Alliance candidates in the LCCI elections being held on September 22-23 in Lahore. The announcement was made by the President of Anjuman-e-Tajran Ashraf Bhatti during the visit of Alliance candidates to Anarkali Market. Alliance leaders, Sheikh Muhammad Asif, Sheikh Muhammad Arshad, Alliance candidates for Associate Class, Nasir ... Read More »

FBR officials arrest factory owner for evading Rs 280 million tax

LAHORE: Federal Board of Revenue Lahore Deputy Commissioner Inland Revenue Raza Ashfaq Sheikh has arrested a factory owner for allegedly evading Rs 280 million tax. As per details, the deputy commissioner raided a house in Shahdman, Lahore, and arrested Nasir Tariq Butt, owner of Munir Foundry situated on Shiekhpura Road. Butt had not been paying his tax dues since 2009. ... Read More »

Member Admin Shahid Jatoi takes action against corrupt officers

ISLAMABAD: Federal Board of Revenue (FBR) Member Admin Shahid Hussain Jatoi has learnt that most of his instructions regarding corrupt officers were being ignored by lower management staff. As per details, Jatoi has sought the records of personal hearings against corrupt officers, from his appointment to date, on reports of mismanagement in these cases. It is learnt that the Member ... Read More »