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Tag Archives: Customs Today

Software on importation of potatoes working in One-Customs

KARACHI: Directorate of Reforms and Automation has formulated software in order to monitor the importation of allocated quota of potatoes at zero rating. FBR sources informed Customs Today that the software has been made up in One-Customs instead of Web-Based One Custom (WeBOC) computerized system as zero-rated facility on import was only available in One-Customs, not in WeBOC. It further ... Read More »

Fate of sealed petrol pumps: Customs faces hindrance in proceedings

KARACHI: The cold response by most of the Oil Marketing Companies in order to verify the legal status of around 23 sealed petrol pumps is creating hindrance in the proceedings of Pakistan Customs officers in deciding their status. FBR sources confirmed Customs Today that the authorities concerned of Pakistan Customs have held several meetings with the officials of Oil Marketing ... Read More »

FTA/PTA certificates mandatory for claiming exemption from customs duty

KARACHI: The Collector of Model Customs Collectorate of Appraisement-East, Najeebur Rehman Abbasi has made it mandatory for all importers and clearing agents to submit original Free Trade Agreement (FTA)/ Preferential Trade Agreement (PTA) certificates at dedicated FTA counter of the Collectorate within three days from the date of release of the consignments in those cases where Goods Declaration under FTA/PTA ... Read More »

Customs judge cancels interim bail of two

LAHORE: Special Judge Customs Tanveer Akbar has cancelled bail of two accused of customs duty evasion in betel leaves scandal worth millions of rupees. Customs prosecution and Investigation officials were given two days remand for recovery of Rs 8.5 million from accused Naeem Tariq and Rs 13 million customs duty recoveries in betel leaves import. The accused were on interim ... Read More »

Pakistan customs impounds Rs22.534b smuggled goods in 5 years

LAHORE: Strict surveillance and control has resulted in seizure of smuggled items worth Rs 22.534 billion in Pakistan during the last five years. According to Pakistan Customs sources the year 2010-11 witnessed major seizures during the period as the authorities confiscated smuggled goods worth Rs 5.501 billion. In 2012-13 the smuggled items worth Rs 5.329 billion were seized; goods worth ... Read More »

Huge revenue loss due to non-audit of DTRE by MCC Exports

KARACHI: Federal Board of Revenue is facing huge loss due to non-audit of Duty Taxes Remission on Exports (DTRE) by Model Customs Collectorate Exports. Sources in FBR informed Customs Today that the huge revenue loss to the national exchequer worth millions of rupees is being observed due to improper audit of DTRE since 2011. They further revealed that during these ... Read More »

Rs450m vehicle amnesty scam: Entire customs staff may face inquiry

KARACHI: The 3-member fact-finding committee comprising MCC Exports Collector Dr Wasif Memon, Directorate of Intelligence and Investigation-Customs Karachi Additional Director Khalil Yousufani and Additional Director Audit in its report has recommended a complete audit of bank accounts all customs officials including officers deployed in Vehicle Group (Group-VII) during the period of Vehicle Amnesty Scheme. According to sources in FBR, the ... Read More »

Anti-smuggling wing seizes bus abound with 36000 non-duty paid irons

LAHORE: Customs anti-smuggling unit has confiscated a bus full of smuggled goods and articles at a bus stand. 36,000 non-duty paid irons in particular were found among other smuggled articles. The anti-smuggling scout under surveillance of Inspector Khalid Butt raided at the Niazi bus stand impounding the bus abound with various non-duty paid items including 60 packs of DVD-ROMs, 30 ... Read More »

Smuggling attempt: German customs recovers 90 animals from suitcase

FRANKFURT: Customs officials at Frankfurt Airport have discovered 90 exotic animals in a suitcase, including 55 tortoises, 30 lizards and an iguana. Some were endangered species and died during the journey. A 44-year-old Mexican man was arrested at the airport after attempting to smuggle 55 tortoises, 30 arboreal alligator lizards, four horned vipers and one spiny-tailed iguana in a single suitcase. The ... Read More »

Rs71.3m duty evasion: Contravention Report made against M/s Fazal Sardar textile mill

KARACHI: Model Customs Collectorate of Exports has made the Contravention Report (CR) against M/s Fazal Sardar Textile Mills in the pretext of importing goods in excess of face value of license. M/s Fazal Sardar Textile Mills, located near Sharafi Goth, Korangi Industrial Area was granted a License (PWL-14/2010) on 25-11-2010 under rule 3(2) of SRO 327(I)/2008 dated 29-03-2008 for the ... Read More »

Customs swings into action against vehicle import on fake MoC documents

KARACHI: MCC Appraisement-West has withheld two out of seven vehicles imported on fake permission letter of Ministry of Commerce while Collector of MCC Appraisement-West Muhammad Saleem has pledged firm commitment and determination to unveil the real culprits behind the illegal importation of vehicles on fake documents. Collector Saleem informed Customs Today that two vehicles among seven have been confiscated by ... Read More »

I-pad, computer tablets provided to KICT staff for efficient output

KARACHI: Model Customs Collectorate of Appraisement-West has provided I-pad and computer tablets to the examination staff of Karachi International Container Terminal (KICT) for speedy examination of the consignments. When contacted, Collector MCC-Appraisement-West Muhammad Saleem said that the collectorate has provided I-pad and computer tablets to the examination staff at KICT for the quick disposal of examination reports, adding that clear ... Read More »

Auction of 21 new Mitsubishi vans, PVC scrap lights today

KARACHI: Model Customs Collectorate of Appraisement-East is going to hold auction of vehicles and PVC scrap lights at Motor-shed, East Wharf on Tuesday (today). 21 new Mitsubishi vans of Model, 2013 would be in place for auction. 25 per cent of the total bid amount is to be deposited at the time of auction. Furthermore, the auctions of PVC scrap ... Read More »

GB Business community in agony due to widening of lake

GILGIT: Gilgit-Urumqi Business Forum President Nazir Ahmad has urged the government to introduce tax concessions for the business community of Gilgit-Baltistan affected by the widening of Ataabad lake on Karakoram Highway. Business community, whose sole source of income is Khunjerab-Sust trade route, had suffered heavily due to widening of the lake bringing a halt in Pak-China trade activities. Meanwhile its ... Read More »

Budget 2014-15: Rs255b new taxes to reduce deficit

ISLAMABAD: In order to bring down the budget deficit the government is expected to introduce new taxes in the upcoming budget that are expected to yield an estimated Rs255 billion. Sources said that the reduced budget deficit is set at 4.8 per cent in the fiscal year 2014-15, currently 5.7 per cent. New taxation measures may include an increase in ... Read More »

Pak-Afghan trade volume to be enhanced to $5bn

KABUL: Pakistan’s Ambassador to Afghanistan Syed Abrar Hussain and Afghan Deputy Minister for Trade Mozammil Shinwari have agreed that practical measures shall be taken to enhance the bilateral trade between Pakistan and Afghanistan to $5 billion in the near future. Shinwari was leading a delegation of Pak-Afghan Joint Chambers of Commerce and Industries (PAJCCI) and senior government officials which met ... Read More »

No exemptions on incomes of President, ministers, generals: FBR

ISLAMABAD: Federal Board of Revenue has clarified that the incomes of the President of Pakistan, Federal Ministers, Chief of Staff of Pakistan Armed Forces and the Corps Commanders are taxable. A news item was published in certain newspapers attributing to the FBR Chairman that there is no tax on the income of the country’s aforementioned top administrative posts. FBR has ... Read More »

Customs Intelligence confiscates 912 smuggled LED TVs, tyres

LAHORE: Directorate General of Intelligence and Investigation-Customs has seized smuggled items worth millions of rupees while raiding shops and warehouses across the country on tip-offs. Sources said DI&I Lahore launched a raid in areas adjacent to vegetable market and confiscated 912 LED televisions and 180 tyres. The items were confirmed to be smuggled and concealed in a warehouse. Anti-smuggling operations ... Read More »

SRO 351(I)/2014: Dar stops implementation, business community jubilant

ISLAMABAD: Federal Finance Minister Ishaq Dar has suspended the implementation of the SRO 351 of 2014 and formed a committee comprising representatives of traders associations, Chambers of Commerce and Industry and FBR Chairman to review the fairness of the SRO. SRO 351(I)/2014 dated 7-5-2014 conferred upon the officers of the Directorate General Intelligence & Investigation of Inland Revenue, the additional ... Read More »

FBR to collect Rs530b in two months

LAHORE: Federal Board of Revenue’s Member Inland Revenue Service and Official Spokesman Shahid Hussain Asad had said that FBR has collected tax to the tune of Rs 1,745 billion by April 30, as compared to Rs 1,505 billion in the previous year in the same duration as that of first ten months. He said that 530 billion rupees will have ... Read More »