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Tag Archives: Customs Today

PRV Section of MCC Appraisement-West recovers Rs20.1m

KARACHI: Post Release Verification (PRV) Section of Model Customs Collectorate of Appraisement-West has recovered an amount of Rs 20,124,450 in the period from April 1 to May 10, 2014. The PRV Section of MCC Appraisement-West has recovered the said amount by different importers in violation of PCT, non-implementation of valuation rulings, taking wrong advantage of SROs and PCT classification. The ... Read More »

IOCO recommends FBR to change SROs 565,567,575

KARACHI: Input-Output Co-efficient Organization (IOCO) has forwarded recommendations to Federal Board of Revenue regarding change in concessionary regime/exemptions in SROs 565, 567 and 575. FBR sources informed Customs Today that the SRO 567 related to the pharmaceuticals, containing a description of craft paper, which may be misused by the exporters through Duty and Tax Remission on Export (DTRE), as they ... Read More »

Importers, traders irked by higher valuation, gross weight charges

KARACHI: Pakistan Customs authorities are determined to reduce the massive difference between the revenue collection and the revenue target set by the Federal Board of Revenue for the fiscal year 2013-14 through exercising all its available powers, which is badly affecting the trade and import activities in the port city. The importers and traders have expressed their deep concerns over ... Read More »

Zulfiqar Ahmad Malik posted as Collector Appeals

ISLAMABAD: Federal Board of Revenue has announced transfers and postings of Grade 19 and Grade 20 officers of Pakistan Customs Service. Dr. Zulfiqar Ahmad Malik of Pakistan Customs Service (BS-20) has been transferred from the post of Director, Directorate of Post Clearance Audit, Karachi to the post of Collector, Collectorate of Customs (Appeals), Karachi. Pervez Esbhani of Pakistan Customs Service ... Read More »

Sost dry port closed down by protestors

GILGIT: While registering their protest, traders of Gilgit-Baltistan have closed down Sost Dry Port for any kind of exports and imports. The protest came in the aftermath of unjustified taxes and unfriendly business approaches of the federal government. Traders have closed the port for indefinite time also announcing the closure of business till their demands are met. Former president of ... Read More »

R&D Section of MCC Appraisement-East recovers Rs15.6m

KARACHI: The Research and Development (R&D) Section of Model Customs Collectorate of Appraisement-East has recovered an amount of Rs 15,590,381 in the month of April, 2014 from different importers in cases of violation of valuation rulings, mis-declaration, wrong use of concessionary SROs and in-admissibility of SROs. According to details, the R&D Section has recovered an amount of Rs 515,965 from ... Read More »

FPCCI urges privatized customs laboratory at Karachi

KARACHI: Federation of Pakistan Chambers of Commerce & Industry (FPCCI) President Zakaria Usman while lamenting the Pakistan Customs for not upgrading its customs laboratory during the last more than 60 years has urged FBR Chairman Tariq Bajwa to either upgrade it or allow the private sector for establishment of a state of the art modern laboratory at its Karachi Station, ... Read More »

India asks Pakistan to raise LoC trade protocols items from 21 to 40

LAHORE: Indian Government has requested the Pakistani Government to increase the number of items allowed under the Line of Control (LoC) trade protocols from 21 to at least 40. Cross border trade between India and Pakistan continues to flourish peacefully. Recently, more than 25 truckloads of bananas from India and ten truckloads of dry fruits from Pakistan crossed over, facilitating ... Read More »

IMF cuts Pakistan’s tax target by Rs75b

ISLAMABAD: FBR’s tax target has been revised downward from Rs 2,345 billion to Rs 2,270 billion for outgoing fiscal year 2013-14. The IMF and Pakistan have agreed to slash down the FBR’s target in the context of appreciation of rupee against dollar that negatively impacted the tax revenues to the tune of Rs 70-75 billion. “FBR’s target has been slashed ... Read More »

GCC sets deadline for customs union implementation

KUWAIT: Gulf States have agreed to resolve the hurdles that are obstructing the implementation of a customs union that has been long delayed. One hurdle has been revenue sharing, said the finance minister of Kuwait. The leaders of the Gulf Cooperation Council (GCC) a six-nation organization set a date of January 1 to have the first customs union implemented. The ... Read More »

SECP proposes levy on foreign educational institutes, insurance agents

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has forwarded its proposals to Federal Board of Revenue for the upcoming Budget 2013-14. SECP has proposed to impose tax on income of foreign educational institutions and similar non-resident entities providing different types of certificates, degrees or courses in Pakistan. The incomes of such non-resident entities and foreign educational institutions are not ... Read More »

76 illegal petrol pumps, depots demolished in 2 days of crackdown

KARACHI: 76 illegal petrol pumps and depots in six districts of Karachi have been demolished in two days crackdown operation initiated by Pakistan Customs along with other law enforcing agencies including police and district administrations. This was revealed by Chief Collector of Enforcement-South Muhammad Nazim Saleem while addressing a press conference at Customs House Karachi. MCC Preventive Collector Syed Muhammad ... Read More »

ANF Lahore seizes charas, opium, arrests 4

LAHORE: Anti-Narcotics Force has arrested four drug trafickers while seizing opium and charas worth millions of rupees. ANF Lahore arrested a resident of Kohat and recovered 4.8 kg opium from his possession. He was arrested near Nizai Bus stand, Band Road, Lahore. ANF Lahore arrested a resident of Sheikhupura and recovered 6 kg opium and 6 kg charas from his ... Read More »

Customs seizes heroin destined for UK

RAWALPINDI: Officials of Pakistan Customs at Benazir Bhutto International Airport have recovered a huge quantity of heroin powder from a passenger destined to board the flight bound to fly to United Kingdom. When the passenger, Zulfiqar Ahmed Khan, from Attock, entered into the international lounge of the airport at 2:10 a.m. to board a flight, scheduled to proceed to Manchester ... Read More »

Police implicate innocent women in fake smuggling case

LAHORE: Punjab Police knowingly arrested four innocent women and handed over the ladies to anti-smuggling authorities calling them smugglers of cloth after failing to mint money from them. “We have released the women, who include widows as they processed locally made cloth which they sell on small business scale, earning their livelihood,” a customs senior official said, adding that the ... Read More »

Promotion of ministerial staff in doldrums; DPC needs more details

KARACHI: The promotions of Pakistan Customs officials, below Grade-15 are in doldrums, as the Departmental Promotion Committee (DPC) has not reached any conclusion during its meeting held on May7. The sources informed Customs Today that the DPC Chairman Dr Ifthikar Ahmed, Additional Collector-I of the MCC-Appraisement (West) has asked the Establishment Branch, Revenue Division-FBR to produce the Annual Confidential Reports ... Read More »

Customs Intelligence seizes smuggled goods worth Rs30m

LAHORE: Customs Directorate of Intelligence and Investigation Lahore has confiscated Rs 30 million non-duty paid goods and articles at a warehouse near Sabzi Mandi Lahore. Due to sensitivity of the area and possible resistance, the support of police & Customs Anti-Smuggling Wing was also availed. The raid resulted in the recovery of smuggled goods worth more than 30 million rupees, ... Read More »

April 2014: MCC Port Qasim collects Rs20.2b, shortfall remains Rs10.4b

KARACHI: Model Customs Collectorate of Port Muhammad Bin Qasim has collected an amount of Rs 20, 255.49 million in the month of April, 2014 against the target of Rs 30,719 million, set by the Federal Board of Revenue in share of customs duty, sales tax, federal excise duty and income tax. MCC Port Qasim has collected an amount of Rs ... Read More »

50 illegal petrol pumps demolished during crackdown by IATF

KARACHI: The Inter-Agency Task Force (IATF) including the officers of Pakistan Customs (MCC-Preventive), Commissioner House, Pakistan Rangers and Sindh police has demolished 18 more illegal petrol pumps on second day of the crackdown on the sale of smuggled Iranian petrol in different areas of city. The officers of IATF have destroyed 50 petrol pumps in two days of the operation ... Read More »

Customs officials seize plastic goods worth Rs20m

LAHORE: Customs anti-smuggling unit has impounded smuggled Iranian made shopping bags and plastic dana worth at least Rs 20 million at the Defense Road Gajumata. Sources said that the anti-smuggling scout confiscated 250 bags of plastic dana and 2,370 bags of Iranian made shopping bags loaded in ten buses. Four smugglers namely Shahid, Nazeer, Qasim and Shafiq were identified as ... Read More »