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Tag Archives: Customs Act

Zero-rating of sales tax granted on textile machinery import

ISLAMABAD: The Federal Board of Revenue has granted zero-rating of sales tax on import of textile machinery. The FBR allowed zero-rating on textile machinery (not manufactured locally and imported by the unit registered with Ministry of Textile Industry as specified in Part IV of the Fifth Schedule to the Customs Act, 1969, subject to same conditions as specified therein)  through ... Read More »

CBSA announces Charlottetown man guilty under Customs Act, fined $2,000

TORONTO:  The Canada Border Services Agency (CBSA) announced today that on January 28, 2015, in Woodstock Provincial Court, James W. MacMillan, 59, of Charlottetown, Prince Edward Island pleaded guilty to one count of making false or deceptive statements under the Customs Act. MacMillan was fined $2,000 as well as a victim surcharge of $600. When MacMillan arrived at the Woodstock ... Read More »

False refund claims to result in penalty: Collector Memon

KARACHI: The Model Customs Collectorate (MCC) of Exports, Collector Manzoor Hussain Memon, through a notice, has warned that false or misstated undertaking would not only result in the recovery of the duty drawback claim by exporters but also in the initiation of penal action against the claimant under Section 32(1) and (2) of the Customs Act, 1969. According to a ... Read More »

Customs foils bid to smuggle gold from Dubai

LAHORE: The Collectorate of Customs Preventive has foiled a bid to smuggle 3.14kg gold from Dubai to Pakistan via Shaheen Airline. According to details, the customs officials, including Amjad Ali Chaudhry, Sajad Bukhari, Nazir Ahmad and Muhammad Botta, intercepted a passenger Irfan Tariq of Lahore Cantt and recovered gold worth Rs 12.5 million on misusing green channel at the Allama ... Read More »

FBR urged to amend Customs Act

KARACHI: The Karachi Customs Agents Association (KCAA) has urged Federal Board of Revenue (FBR) to amend Customs Act, 1969 to ‘compensate’ the victims of terrorism activities. KCAA, in its annual report for the year 2013-14, said that a clause must be included in the Act to allow refunds of paid duty and taxes against consignments that were destroyed in terror ... Read More »

Customs value of gypsum board, fiber cement board re-determined

KARACHI: The Directorate General of Customs Valuation has determined the Customs value of Gypsum Board, Gypsum Tiles and Fiber Cement Board vide Valuation Ruling No. 692/2014 No. Misc/13/2014-V dated September 25, 2014. The customs values of the said goods were determined about a year ago through Valuation Ruling No. 566/2013 dated July 3 last year. The exercise to re-determine the ... Read More »

Valuation ruling of Polyester Pile Fabric issued

KARACHI: The Directorate General of Customs Valuation has determined the Customs value of Polyester Pile Fabric through Valuation Ruling No.684/2014 under Section 25-A of the Customs Act, 1969. The exercise to determine the Customs values of Polyester Pile Fabric was initiated after it was brought to the notice of the Directorate General of Customs Valuation that Polyester Pile Fabric is ... Read More »

Additional Collector Sami penalizes importer for mis-declaration

KARACHI: The Additional Collector Sami-ul-Haq of the Collectorate of Customs Adjudication-II has issued Order-in-Original (ONO) against the importer M/s O S Corporation for its involvement in mis-declaration of the description, value and classification of the imported goods and tried to evade the government duty/taxes amounting to Rs 992,121 while the value of offending goods recorded at Rs 4,960,214. In the ... Read More »

R&D registers FIR against Sundus Fertilizers, clearing agent

KARACHI: The Research and Development (R&D) Section of MCC Appraisement (East) has registered an FIR against owners, directors, partners of M/s Sundus Fertilizers & Chemicals Pakistan (Pvt) Ltd and M/s Al-Rehmat Trading, clearing agent against mis-declaration of description and value, as the importers tried to import Cartap Hydrochloride Tech 98 per cent min, B No 20140408 packed in 25 kgs ... Read More »

Mis-declaration: M/s Ziaul Haq & Sons served show cause

KARACHI: The Customs Collectorate Additional Collector-II (Adjudication) has served importer M/s Ziaul Haq & Sons with a show-cause notice for mis-declaration of imported consignments. According to details, importer M/s Ziaul Haq cleared the consignments of cold rolled coil of prime quality, having PCT 7209.1590, weighting 3,784-kg and Tin plate sheet, having PCT 7210.1290 and 11,000-kg weightage under Section 79(1) of ... Read More »

Mis-declaration: Nadeem Enterprises, Unity Freight Int’l, 3 others served ONOs

KARACHI: The Additional Collector of Customs and Collectorate of Customs Adjudication-II have issued Order-in-Originals (ONOs) to M/s Rustam Towel (Pvt) Ltd, M/s Friend Export (Pvt) Ltd, M/s Nadeem Enterprises, M/s Unity Freight International and M/s Virani Traders on mis-declaration, fiscal fraud and smuggling of poppy seeds under cover of polyester fabrics export. According to details, the exporters attempted to export ... Read More »

Customs Adjudication asks MCC Appraisement-W to review Contravention Reports

KARACHI: The Collectorate of Customs Adjudication has returned all 50 contravention reports (CRs) made by the Model Customs Collectorate of Appraisement-West on misdeclaration of imported fabric consignments and asked to review them as they possibly missing legal formalities. Reliable sources in FBR, on condition of anonymity, informed Customs Today that the Collectorate of Customs Adjudication has returned all the CRs to ... Read More »

10pc duty levied on silicon/alloy steel to curb mis-declaration

ISLAMABAD: With the aim to curbing mis-declaration, the Federal Board of Revenue (FBR) has announced the imposition of 10 percent customs duty on Silicon and Alloy steel. As per reports, the FBR notified the duty under the First Schedule of the Customs Act, 1969 which will be effective from July 1, 2014. I view of the growing complaints from the ... Read More »

Duty concessions: SROs withdrawal expected to generate Rs32b

ISLAMABAD: The Federal Board of Revenue (FBR) will generate Rs32 billion through the withdrawal of duty concessions under SRO 567(I)/2006, SRO 567(I)/2006 and SRO 565(I)/2006 as well as reducing maximum customs duty rate from 30 to 25 percent, bringing down general tariff slabs from 7 to 6 in Pakistan Customs Tariff (PCT). According to the revised customs tariff issued here, ... Read More »