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Tag Archives: Pakistan Customs

MCC Multan impounds vehicles, goods worth Rs163m

MULTAN: Anti-Smuggling Organization of Model Customs Collectorate of Multan has impounded smuggled goods worth Rs 163,749,000 in the outgoing fiscal year 2013-14. Anti smuggling operations were being conducted jointly by Customs Intelligence and Customs Collectorates as per orders from FBR, an initiative that was paying dividends. During the eleven months of Fiscal Year 2013-14, confiscated smuggled goods included 90 vehicles ... Read More »

Sialkot dry port opens 24/7, Collector hails exporters’ enthusiasm for self help

SIALKOT: Model Customs Collectorate Sialkot Collector Qurban Ali Khan has said that an advanced 24/7 duty system has successfully been introduced at Sialkot Dry Port Trust, as the senior efficient officials of Customs, Anti Narcotics Force and Sialkot Dry Port have been performing round-the-clock duties there to lure the Sialkot exporters, importers and customs and cargo clearing agents while motivating ... Read More »

Charging 17pc ST: Import consignments likely to pile up at ports

KARACHI: The charging of 17 percent sales tax on clearance of imported leather and textile goods likely to result in piling up of consignments at ports although Pakistan Customs is supposed to collect 17 percent sales tax imposed in budget 2014-15 from July 1. According to details, the government in the new budget has increased sales tax on the import ... Read More »

LCCI president meets Customs chief to enhance cooperation

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) President Sohail Lashari met central region’s Chief Collector of Customs Rozi Khan Burki in order to enhance mutual liaison between business community and Pakistan Customs. Both Lashari and Burki agreed to draw plan to facilitate importers and discourage menace of smuggling. Lashari demanded of Chief Collector to ensure complete facilitation for the ... Read More »

May ‘14: PRV section recovers Rs15m in 52 cases

KARACHI: Post Release Verification (PRV) Section of Model Customs Collectorate of Appraisement-West has recovered and collected an amount of Rs 15,274,629 while detecting 52 cases of tax-evasion, mis-declaration and under-invoicing in the month of May, 2014. The PRV Section has recovered an amount of Rs 305,274 from Goods Declaration (GD) no.89562; Rs 305,274 from GD no.90338, Rs 197,450 from GD ... Read More »

FBR discontinues performance allowances of 12 PCS officers

ISLAMABAD: Federal Board of Revenue has discontinued the performance allowance of twelve officers of Pakistan Customs Service due to their failure to comply with the Board’s repeated instructions circulated vide circular no.1 bearing C.no.1(4)/M(HRM)/2012 dated 23rd July 2012. FBR has issued a notification in this regard. The twelve officers are Riffat A Hassan Abidi (BS-20), Juneid Akram (BS-20), Syed Tanveer ... Read More »

Various changes made in customs act 1969

LAHORE: Various changes have been undertaken in the Customs Act, 1969 under Budget Customs Taxation. In section 2, clauses (k) and (m) have been merged in a single definition of ‘customs-station’ while in section 7, word ‘Central Excise’ is substituted with the word ‘Federal Excise’. In section 18, new subsection 1A is inserted to add the Fifth Schedule to the ... Read More »

Tax evasion, seizures: Customs adds Rs4.89b to national kitty in May’14

ISLAMABAD: Pakistan Customs and Directorate General of Intelligence and Investigation-Customs has identified billions of rupees for recovery from tax evaders and confiscated vast amount of smuggled goods while preventing huge losses to the national exchequer. During May, 2014 Pakistan Customs authorities have acted upon various cases of tax evasion worth over Rs 2.467 billion. Whereas, Customs Intelligence has confiscated goods ... Read More »

Customs duty on import of used vehicles up to 1800cc increased

ISLAMABAD: Customs duty on import of used vehicles has been increased up to ten per cent in the Budget 2014-15 as presented by the Finance Minister Ishaq Dar. The new rates of customs duty on the import of used vehicles as issued in the Finance Bill 2014-15 are increased from $ 4400 to $ 4800 on import of used vehicles ... Read More »

Senior Customs officials critical of FBR management section

KARACHI: Some of the senior officers of Pakistan Customs have strongly criticised the management section of Federal Board of Revenue and demanded the FBR Chairman and Member Customs to take immediate notice of its incompetency and inefficiency. They were of the view that the management section of FBR was violating and ignoring the service rules and regulations and not following ... Read More »

Around Rs4000m revenue loss to FBR on DTRE violation from 2011-2013

KARACHI: Pakistan Customs, on the directives of Federal Board of Revenue, has started to work out on a data of importers and exporters who have been taking undue exemption of Duty/ Taxes Remissions on Exports (DTRE) in importing and exporting their consignments during the period from July, 2011 to December, 2013. Sources in Pakistan Customs informed Customs Today on condition ... Read More »

Customs foils bid to smuggle Rs53m foreign currency to Dubai

LAHORE: Customs Investigation and Prosecution Wing has foiled a bid to smuggle foreign currencies worth over Rs 53 million at the Allama Iqbal International Airport. Sources in Pakistan Customs have informed that the accused were smuggling the currencies to Dubai. Two accused namely Babar Badsha and Shafqat were attempting to smuggle foreign currencies including Saudi Riyals, UAE Dirham, Euro and ... Read More »

MCC Appraisement-East collects Rs14,863m against Rs21,584m target

KARACHI: Model Customs Collectorate of Appraisement-East has collected total revenue of Rs 14,863 million in the month of May, 2014 against its set target of Rs 21,584.6 million with a shortfall of Rs 6,721.5 million. MCC Appraisement-East has collected revenue of Rs 4,149.9 million in share of customs duty against the set target of Rs 6,871 million with a difference ... Read More »

MCC Appraisement-West collects Rs16,714m against target of Rs22,787m in May

KARACHI: Model Customs Collectorate of Appraisement-West despite all out efforts has failed to achieve the revenue target set by the Federal Board of Revenue for the month of May, 2014. MCC Appraisement-West had a target of Rs 22,787 million in share of customs duty, sales tax, federal excise duty and income tax for the month of May, 2014. However, the ... Read More »

MCC Port Qasim falls Rs11b short of revenue target in May

KARACHI: Model Customs Collectorate of Port Muhammad Bin Qasim has once again lagged behind in its revenue target for the month of May by collecting revenue of Rs 22,613 million which is Rs 10,995 million short of the revenue collection target set by FBR. Federal Board of Revenue had set a revenue target of Rs 33,608 million for the month ... Read More »

FBR names 3-member committee to plan installation of nuclear radiation monitors

ISLAMABAD: A three member committee of Pakistan Customs has been formed to finalise and implement the plan to install nuclear radiations monitors at important entry points on Pakistan. The committee will be headed by Additional Director of Directorate General of Intelligence and Investigation-Customs, Imran Chaudhry. Federal Government has decided to install radioactive portal monitors at all the important entry points ... Read More »

Customs Employees Association presents 12 demands before high-ups

KARACHI: Karachi Customs Employees Association has come up with a Charter of Demands, consisting of 12-points for the lower staffers of Pakistan Customs-FBR. General Secretary of Karachi Customs Employees Association, Syed Aftab Hussain Shah Hamdani has put forward the demands before the high-ups of Pakistan Customs and FBR authorities. The charter consists of 12 demands for betterment and facilitation of ... Read More »

Collectorate of Customs Adjudication-II issues show-cause notice to Liberty Enterprises

KARACHI: Collectorate of Customs Adjudication-II has issued a show-cause notice against M/s Liberty Enterprises in connection with the tax evasion of Rs 1,177,911 in share of Additional Sales Tax (AST) of Rs 583,124 and Income Tax of Rs 594,787 by misusing the SRO 1125(I)/2011. The importer M/s Liberty Enterprises on its import of textile fabric (68,210kg) worth Rs 29,156,209 through ... Read More »

Strong indications of 5-10pc reduction in customs duty on imported cars

ISLAMABAD: Federal Government has decided to reduce customs duty on used and new imported cars in the next budget under regular scheme to introduce competition into local car manufacturing industry to end their monopoly in Pakistan’s market. Sources said that proposals in Budget 2014-15 suggest five to ten per cent cut in tariffs for the imported cars. The duty would ... Read More »

Customs faces acute shortage of technical staff in field formations

KARACHI: Pakistan Customs Service is adversely facing the shortage of technical staff in almost all of its field formation offices. Sources in FBR informed Customs Today that the field formation offices of Pakistan Customs including the Model Customs Collectorate (MCC) of Preventive, MCC Appraisement-East, MCC Appraisement-West, Collectorate of Customs Adjudication, Directorate of Customs Intelligence & Investigation and Directorate of Post ... Read More »