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Tag Archives: Importers

PH customs blacklists 71 brokers, importers

MANILA: The Bureau of Customs has blacklisted 71 out of thousands of accredited brokers and importers for allegedly engaging in “illicit trade” with BOC employees. In revealing the list on Friday, January 13, Commissioner Nicanor Faeldon said only a small of number of brokers and importers are initially banned because there were no records of transactions since 2011 and until ... Read More »

Chinese rice importers to pay $70-80 per tonne more in taxes and fees to Vietnam

HANOI: Chinese businesses that import Vietnam’s rice across the border can make fat profits. If they import rice through official channels, they would have to pay $70-80 per ton more in taxes and fees. Many trade agreements have been signed with a selling price at VND7,500-7,600 per kilo for five percent broken rice, while the domestic price is lower, at ... Read More »

Importers stand to benefit from CBSA’s reversal policies for duty calculations

TORONTO:  The Canada Border Services Agency (CBSA) has made some significant changes to its position on the treatment of downward price adjustments in value for duty calculations, including situations in which the downward price adjustment is caused by a transfer pricing agreement between related parties. As discussed below, the changes amount to a complete reversal of the CBSA’s prior published ... Read More »

Importers stand to benefit from CBSA’s reversal policies for duty calculations

TORONTO:  The Canada Border Services Agency (CBSA) has made some significant changes to its position on the treatment of downward price adjustments in value for duty calculations, including situations in which the downward price adjustment is caused by a transfer pricing agreement between related parties. As discussed below, the changes amount to a complete reversal of the CBSA’s prior published ... Read More »

Lack of hard currency causes nuisance at Iranian port

TEHRAN: Due to the falling prices of oil and international sanctions imposed over the country’s nuclear programs it is becoming really tough in receiving hard currency from the central bank, says the importers of Iranian commodities.. “Tens of ships are now waiting in Bandar Abbas [the main port city in southern Iran], sometimes for several weeks, and refuse to discharge ... Read More »

‘Importers to face losses due to gas shortage’

KARACHI: Importers may face heavy losses due to a shortage of gas, Customs Today has learnt. The government may stop gas supply to textile industry from December 15 to the end of January 2015. The importers said that 70% textile industry would be closed due to the decision taken by the government and Pakistan would face a loss of Rs ... Read More »

NLC Dry Port: Appraisers’ low attendance worries importers, exporters, clearing agents

LAHORE: Importers, exporters and customs clearing agents have been facing hard time as appraisers often remain absent from their duties at NLC Dry Port located at Thokar Niaz Baig. Importer and exporters and clearing agents told the Customs Today that their business was suffering serious blows as appraisers at the Port were not attending the office properly. “Often one or ... Read More »

Pakistan to grab $2b Russian market for fruit, vegetable export

ISLAMABAD: All Pakistan Fruits and Vegetables Exporters, Importers, and Merchants Association (PFVA), is trying to grab $2 billion Russian market that has been banned by the United States and European Union for import of fruit and vegetables. PFVA Spokesmann Waheed Ahmed has said that the association is looking forward to having an upward trend in the coming season due to ... Read More »

Importers say facing difficulty in import of eatables

KARACHI: Importers said they were facing difficulty in import of eatables. Talking to Customs Today, they said it was mandatory for them to get a certificate of Pakistan Standard and Quality Control Authority (PSQCA). However, the Appraisement-West Group-I does not accept the certificate. The Group-I has a list of 80 t0 85 essentials, they added. “If we import something that ... Read More »

Karachi Customs to follow-up pending cases against importers

KARACHI: The Model Customs Collectorate-MCC of Appraisement (West) has decided to take up the disciplinary cases which have been filed against the different importers and parties, it was learnt here on Thursday. The sources informed Customs Today that the Collector MCC-Appraisement (West) Muhammad Saleem has directed the authorities concerned of the Collectorate to open the cases which have been filed ... Read More »

Customs ‘iPhone App for trace & track’ next week

KARACHI: Pakistan Customs will launch a free Apple iPhone software application that would help importers trace and track their consignments from their cell phones, Customs Today reliably learnt on Wednesday. Highly-placed sources within the Directorate of Reforms & Automation told Customs Today that the application, to be available free from Apple App Store, is already under testing. The application would ... Read More »

Importers, customs agents satisfied over token system in MCC-West

KARACHI: Clear agents, importers and factory owners have showed satisfaction over token system introduced in Model Customs Collectorate Appraisement (West) by DC and AC. Talking to Customs Today, importers said since start of token system introduced in Model Customs Collectorate Appraisement (West), the system is running smoothly. The customs agents said that the previous process was long and lengthy and ... Read More »

Exporters show no mercy towards Kinnow growers

ISLAMABAD: Director Harvest Tradings Ahmed Jawad said it is unfortunate that growers, the real stakeholders of this industry are not given the proper price of their produce and every year they are dependent on exporters’ mercy. Speaking at a seminar he said besides, the cost of inputs, especially fertilizers and pesticides, is unpredictable. High cost of electricity with heavy loadshedding ... Read More »

Faulty scanning machines delay clearance

KARACHI: Customs agents , importers and company owners are facing difficulties due to various reasons at Customs House, it was learnt  Thursday. Importers said that they face difficulties in Model Customs Collectorate (East) and (West) since scanner machines are not working properly there and this thing causes delay in clearance of consignments. The importers appealed to Customs high ups to ... Read More »

Importers balk IOCO bid to survey manufacturing units in Karachi

KARACHI: The Input Output Co-efficient Organization(IOCO) of Federal Board of Revenue is facing enormous problems in surveying the manufacturing units in Karachi as the importers are not taking the survey process being continued by the IOCO serious, Customs Today learnt on Wednesday. The sources said that the importers after taking provisional certificates from filed formation Collectorates think that they have ... Read More »

IOCO staff of Customs irked by long promotion process

KARACHI: There exists great anger among employees of Input/ Output Co-Efficient Organization (IOCO) of Customs Department due to stoppage of promotion process, sources informed Customs Today here on Tuesday. The sources said that this department has been neglected like before despite the fact that competent staff works here. They said that Inland Revenue employees are always promoted but IOCO workers ... Read More »

Appraisement-West earns praise for introducing token system

KARACHI: Importers and clearing agents on Monday praised the Model Customs Collectorate Appraisement-West for introducing token system. Importers told Customs Today, “It is a good system. We had to wait for hours before this system. Now we grab a number and wait for our turn.” Importers and clearing agents urged the customs authorities to continue the system. They hoped that ... Read More »

CIU Port Qasim urges importers to deposit pay orders instead of post-dated cheques

  KARACHI: The Customs Intelligence Unit of Model Customs Collectorate of Port Muhammad Bin Qasim has asked importers Nawaz Enterprises and Ahsan Enterprises to deposit pay orders in lieu of post-dated cheques of fleece fabric consignments cleared/released from the MCC, Customs Today learnt. The said directives have been issued by the Customs Intelligence Unit in pursuance of orders given by ... Read More »

FBR okays provisional certificates for importers

KARACHI: The Input-Out Co-efficient Organization (IOCO) has decided to issue provisional certificates to the importers by the end of June 2015, Customs Today learnt. The certificates would allow the importers to import raw material. Confirming the development, sources informed Customs Today that the IOCO teams were conducting survey of the manufacturing units daily and would issue the certificates after seeking ... Read More »

Dastgir vows to resolve foreign investors’ tax issues

KARACHI: The government will address all the problems faced by Overseas Investors Chamber of Commerce & Industry (OICCI), said Federal Minister for Commerce Engr Khurram Dastgir Khan. The federal minister, during his visit to OICCI, said that the government was introducing business-friendly policies and it was serious to resolve all the concerns of foreign investors, especially tax-related issues including timely ... Read More »