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Tag Archives: Federal Board of Revenue

MCC Appraisement-West orders suspension of 5 customs officials

KARACHI: The Model Customs Collectorate (MCC) of Appraisement-West has issued directives of suspension for Principal Appraiser Abdul Shakoor Sheikh, Upper Division Clerks Muhammad Saeed and Zafar Imam and placed two sepoys Muhammad Yaseen and Fawwad Saad off-duty with immediate effect. As per details, Abdul Shakoor Sheikh, has allegedly failed to maintain discipline in FTA Cell. The MCC Appraisement-West has received ... Read More »

50 percent increase in FED rates irks air passengers

PESHAWAR: Federal Board of Revenue (FBR) has enhanced Federal Excise Duty (FED) rates by 50% replacing the fixed FED rates with already existing standard rate of 16 percent on tickets issued to passengers travelling aboard. National and domestic travelers flared at FBR after the decision of increase in FED on domestic and international flights. The decision has arrived after the ... Read More »

FBR starts homework to achieve revenue target

ISLAMABAD: The Federal Board of Revenue (FBR) has started evolving a foolproof strategy to achieve the revenue target set for the current financial year. According to details, for the execution of budgetary measures, consecutive meetings are being held at FBR Headquarters under the chair of FBR Chairman Tariq Bajwa. In this regard, an important meeting was held that was chaired ... Read More »

Privilege cards: FBR Member Admin calls it ‘tribute’ to taxpayers

ISLAMABAD: Federal Board of Revenue (FBR) Member Administration Shahid Hussain Jatoi said that the award of privilege cards by the Premier is a reward and incentive for taxpayers from the FBR. Talking to Customs Today after the ‘privilege cards’ awarding ceremony to taxpayers, he said that conferment of such honoured cards was very rare in the world as nowhere taxpayer ... Read More »

Karachi Airport attack: Delay in reimbursement irks importers

KARACHI: The importers have been facing trouble in getting their compensation of duty, announced by the government after Karachi airport attack in which billions of worth consignments including mobile phones, electronic accessories, computer accessories and others set ablaze in the warehouse of Jerry’s Dnata. As per details, the victims of Karachi airport attack told Customs Today that authorities were using ... Read More »

Pending Cases: FBR to request courts for timely decisions

ISLAMABAD: Federal Board of Revenue (FBR) has decided to file an application to apex and high courts through Law Ministry for timely decision of pending cases to avoid billions of rupees revenue loss. As per details, FBR decided to request the apex and high courts to devise a strategy to early solve FBR cases to end the legal war, costing ... Read More »

Functional PCA could enhance revenue recovery operations: Experts

KARACHI: The Federal Board of Revenue (FBR) has been facing impediments in its revenue recovery operations due to incompetency of Directorate of Post Clearance Audit (PCA). Talking to Customs Today, experts from Pakistan Customs were of the view that the PCA was one of the significant departments of FBR, however; not proper functional now. “The shortage of man-power and lack ... Read More »

Collectorate of Enforcement-South collects Rs20517.88m customs duty

KARACHI: The Collectorate of Enforcement-South along with  MCC-Preventive, MCC-Hyderabad, MCC Exports, MCC Quetta and MCC Gwadar collected Rs20517.88million altogether in terms of Customs Duty (CD) against the target of Rs23008.40million for FY 2013-14. As per details, Customs Duty collection of Rs 20517.88 was Rs2490.52million less than the target of Rs23008.4 million for FY 2013-14. According to the figures revealed by ... Read More »

FBR redistributes work among five ADCs of MCC-Appraisement (West)

KARACHI: The Federal Board of Revenue, Establishment Division through an Office Order No. 99/2014-ESTT (Law) has redistributed work among the Additional Collectors of Model Customs Collectorate of Appraisement (West) with immediate effect. According to the details, Dr Iftikhar Ahmad, Additional Collector-I will have responsibility of Group-III (Ch39-49), Group-IV (Ch50-70) including Licensing, HQ-I (Estt/Admin, Confidential, CHO, Transport Section), HQ-II (Cash Section, ... Read More »

Only Parliament should issue SROs: Senator Usman Saifullah

ISLAMABAD: Senate Standing Committee on Finance Member Senator Usman Saifullah regretted that in the presence of the Parliament, the issuance of SROs by the Federal Board of Revenue was illogical and illegal and the government should return the powers to its Constitutional guardian. “It is the sole prerogative of the National Assembly to draft and promulgate new laws in the ... Read More »

Tax culture must to offset crises: Nasreen Jaleel

ISLAMABAD: Senate Standing Committee on Finance Chairperson Nasreen Jaleel has demanded that all monetary matters should be transferred to the upper house of the Parliament while national law pertaining to debt limit should be acted upon in letter and spirit. She lauded the performance of the Federal Board of Revenue, saying that the board efforts for tax collection were commendable ... Read More »

5pc cut in duty to help curb smuggling, mis-declaration: Mian Zahid

KARACHI: Decrease in customs duty by 5 per cent in the recent federal budget for the Fiscal Year 2014-15 will certainly put a positive impact on imports and play an imperative role in curbing smuggling, mis-declaration and tax evasion. This was stated by Mian Zahid Hussain, President of Pakistan Businessmen and Intellectuals Forum (PBIF) while talking to Customs Today during ... Read More »