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Tag Archives: FBR Spokesperson Shahid Hussain Asad

Gujranwala Excise collects Rs1b in 7 years

SIALKOT: The Excise & Taxation department has collected Rs1 billion in categories of registration and lifetime token tax fee on motorcycles as 1.45 million motorcycles worth of Rs20.5 billion were sold during last seven years in Gujranwala region. According to the excise officials, the major reason behind the growing number of purchase of motorcycles was unaffordable fares of public transport ... Read More »

Azadi march likely to affect talks with IMF

ISLAMABAD: The current political turmoil can affect talks between Pakistan and IMF authorities scheduled for August 6 to 18th, as Pakistan has entered into fourth review of the $6.8 billion programme with the International Monetary Fund. Sources in the Finance Ministry privy to Customs Today that the political episode created by Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek may endanger the ... Read More »

TCS smuggling hearing adjourned till Aug 21

ISLAMABAD: Hearing of the TCS and Smart Zone Company smuggling case has been put off again until August 21 due to unavailability of Customs Judge Muhammad Ahmad Farooqi. Former TCS CEO Saqib Hamdani and Manager Logistics Ghazanfar Gul turned up in the court. Both the accused have submitted application for the confirmation of bail before arrest granted by the court. ... Read More »

Customs Lower Employees Association demands free medical services

KARACHI: The Pakistan Customs Lower Employees Association has demanded Federal Board of Revenue (FBR) to establish its own hospital for ensuring the best medical facilities for the Class-IV employees. The Pakistan Customs Lower Employees Association President Misal Khan Bangash made this demand while talking to Customs Today at his office. While expressing his reservations, Bangash said that the employees of ... Read More »

Buoyant Cruise: All set for Karachi-Dubai Speedy Boat Service

ISLAMABAD: The preparations have been completed for launching speedy boat service between Karachi and Dubai to increase Pakistani exports. The main objective of speedy boat service was to export perishable edible items, fruits, vegetables, meat and others to Dubai on cheaper rates, almost half than air service. A speedy boat equipped with air conditioned container will cruise at the speed ... Read More »

IOCO issues 50 provisional certificates to importers

KARACHI: The Input-Output Co-efficient Organization (IOCO) has issued around 50 provisional certificates during a month, in which it allows the local importers to import raw material for manufacturing the products of local industries under concessionary regime with relaxation in customs duty related to the SRO 565(I)/2014. A FBR sources informed Customs Today that the list of the importers has yet ... Read More »

Customs officers demand FBR to organize training sessions

KARACHI: The officers of Pakistan Customs demanded Federal Board of Revenue (FBR) to organize effective training courses, programmes and seminars for Customs officers. They were of the view that the working of Pakistan Customs has been affecting due to the absence of latest and contemporary techniques in the several departments. One of the senior officers of Pakistan Customs informed Customs ... Read More »

Karachi Customs Collectorates collect Rs 49.5 billion revenue in July

KARACHI: The Model Customs Collectorates (MCCs) of Appraisement-East, West and Port Qasim have collected Rs 49.5 billion revenue in first month of current fiscal year. As per details, the Model Customs Collectorate (MCC) of Appraisement-East has collected total revenue of Rs 13457 million in the first month of FY2014-15 in share of customs duty, sales tax, income tax and federal ... Read More »

Dastgir briefs Parliament on trade ties with India

ISLAMABAD: Minister for Commerce Engineer Khurram Dastgir Khan told the Lower House of the Parliament that the government has been addressing the reservations and concerns of business sector regarding granting the most favorite nation (MFN) statute to India. “Overall normalization of trade ties with India will be in favor of Pakistan both in short term and long term basis” he ... Read More »

Discount facility ended on car token tax

Multan: The discount facility on the token tax of motor cars by Excise and Taxation Department has ended during Eid holidays and now motor car owners have to pay double fee of token tax as fine. The token tax of motor vehicles has been an important source of levy collection for Tax and Excise Department. It brings considerable revenue and ... Read More »

Vehicle amnesty scheme: FBR yet to take action against culprits

Multan: The Federal Board of Revenue (FBR) has failed to take action against the Customs officials involved in clearing thousands of Vehicles through vehicle Amnesty Scheme despite of the fact that court canceled the said scheme. According to detail, FBR has yet not taken any action against customs officials involved in illegal clearance of more than 52000 vehicles through vehicles ... Read More »

TCS, Smart Zone smuggling scandal: DG I&I pressurized to stay away from case

ISLAMABAD: Director General Customs Intelligence and Investigation (I&I) Lutfullah Virk has ordered Deputy Director Customs Shahid Jan to take strict action as per law against TCS and Smart Zone Company for their alleged involvement in smuggling. As per details, owners of TCS and Smart Zone companies had tried to put pressure on DG I&I through different means but he rejected any ... Read More »

Mobilink served show cause notice for tax evasion

KARACHI: The Collectorate of Customs Adjudication-I has served show cause notice to M/s Pakistan Mobile Communication Limited (Mobilink) for its alleged involvement in mis-declaration and huge evasion of customs duty and other taxes. The company evaded about Rs 6.99 million in share of customs duty, sales tax, additional sales tax, regulatory duty and withholding tax. According to details, the Model ... Read More »

FBR withdrawal of duty on steel sheet plunges fans’ price

PESHAWAR: The prices of electric homemade room coolers and fans in Peshawar dropped after Federal Board of Revenue (FBR) has withdrawn 10 percent Customs duty on the import of electrical silicon steel sheet. Afghan refugees who were residing in Peshawar Khyber Pakhtun-khwa have also developed their local industry of electric rooms coolers which were widely popular on low rates as ... Read More »

FBR acting Chairman to visit Karachi Customs House next week

KARACHI: The Federal Board of Revenue acting Chairman Shahid Hussain Asad is likely to visit Karachi Customs House next week. The FBR sources confirmed Customs Today that the acting chairman Shahid Asad would expected to visit customs house next week where he will hold meetings with the Customs officers. It further informed this scribe that the agenda of the meeting ... Read More »

Govt to re-shuffle FBR’s top officials

KARACHI: The federal government has been mulling over to reshuffle the top bureaucracy of Pakistan Customs, Inland Revenue Services (IRS), Regional Tax Offices (RTOs) and Directorate General of Customs Intelligence and Investigation. A source told Customs Today that the changes would be on cards at chief collector, collector and commissioner and director level. He said that the federal government was ... Read More »

Customs seeks court to summon Royal Packages

KARACHI: Model Customs Collectorate of Appraisement-East has requested the Sindh High Court (SHC) to summon M/s Royal Packages (Pvt) Limited for hearing in August. It is pertinent to mention here that the M/s Royal Packages has moved court against the charges of tax evasion in terms of customs duty, sales tax and income tax through claiming of inadmissible benefit of ... Read More »

MCC Sialkot’s efforts increase exports 17.1%: Qurban Ali

SIALKOT: Collector of Customs Sialkot Qurban Ali Khan while talking to Customs Today said that exports from Sialkot region has increased about 17.1 percent during FY 2013-14 due to provision of advance facilities and rapid clearance of consignments by Model Customs Collectorate. He said that volume of exports from Sialkot Dry Port Trust (SDPT) and Sialkot International Airport has increased ... Read More »

Senate seeks FIA to report on tax evasion in oil import

ISLAMABAD:Senate Standing Committee on Planning and Development has asked Director General Federal Investigation Agency to submit a report on adulterated oil import and tax evasion during those imports. Federal Investigation Authority (FIA) likely to be given charge of examination of adulterated oil and of investigations in possible tax evasion by oil importers. As per details, Director General FIA would brief ... Read More »

FBR, PTA to keep record of imported mobiles

ISLAMABAD: Federal Board of Revenue has decided to take necessary steps as per the instructions of honourable Supreme Court in its verdict about illegal import of mobile phones and their use in terrorism activities. As per details, FBR with collaboration of Pakistan Tele-communication Authority (PTA) has decided start to maintain a record of every single mobile phone imported to Pakistan. ... Read More »