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Tag Archives: Imports

Customs confiscates two non-duty paid vehicles

ISLAMABAD: The quick response force of Directorate of Intelligence and Investigation-Customs, Rawalpindi has confiscated two non-duty paid cars on tip-offs. FIRs have been registered in both cases. CIF value of both cars amounts to Rs 4.5 million. One of the cars was Toyota Hi-Ace numbered IDT 1513 which was taken into custody at a fuelling station on GT Road near ... Read More »

Customs clearance gets tougher at Islamabad dry port

ISLAMABAD: Assistant Collector of Islamabad Dry Port Yawar Nawaz has made it mandatory for consignments of imported fabrics to go through laboratory testing while strictly directing the staff at the dry port to ensure that the procedures of customs clearance are being properly followed. As per directives, the duties/taxes levied on the import of textile fabrics will be subject to ... Read More »

Fate of fabric importers to be strictly tied to lab reports: Collector Saleem

KARACHI: Model Customs Collectorate of Appraisement-West Collector Muhammad Saleem has made it clear that the fate of fabric importers, involved in mis-declaration in the consignments of textile fabric would be decided strictly according to laboratory reports. He stated this while talking to Customs Today exclusively. On the occasion, Collector of MCC Appraisement-West confirmed that around 50 consignments were still in ... Read More »

Rs225m tax evasion of textile fabric: MCC Appraisement-West yet to take legal action

KARACHI: Model Customs Collectorate of Appraisement-West has not yet taken any legal action against the importers of woven textile fabric, who were found involved in massive tax evasion through mis-declaration in their fabric consignments. Earlier, Directorate of Intelligence and Investigation-Customs, Karachi has lodged First Information Reports (FIRs) against seven importers, who were involved in importing blended viscose rayon in the ... Read More »

Revenue collection worsens due to shipping companies’ behaviour

KARACHI: The situation of revenue collection may become further unpleasant for the Federal Board of Revenue due to the apathy of shipping companies in certain matters. FBR sources informed Customs Today that the shipping companies have not been calling for an Import General Manifest (IGM) number against the ship MOL, which was staying at Karachi International Containers Terminal (KICT) for ... Read More »

Rs264m non-duty paid vehicles, items seized during current FY

LAHORE: Anti-smuggling wing of Model Customs Collectorate of Lahore has seized smuggled vehicles and goods worth Rs 264 million in 314 cases, attaining a growth of 12 per cent during the period from July 2013 to June 2014 against Rs 236 million in 263 cases during the similar period last fiscal year. During the aforesaid period of the current fiscal ... Read More »

Customs facing low import volume countrywide

KARACHI: Pakistan Customs is facing 28 per cent low import volume at nationwide level in the first 15 days of June as compared to the same period in the last fiscal year. Sources informed Customs Today that Pakistan Customs is also lagging behind in collecting customs duty on imports by 29 per cent in the first 15 days of June ... Read More »

Committee to sort out anomalies in budget from July: Tariq Bajwa

ISLAMABAD: Federal Board of Revenue will form a committee to identify and eliminate anomalies in Budget 2014-15 which will start working in July 2014. The committee will analyse the proposals regarding customs duty tariffs and exemptions forwarded by Federation of Pakistan Chambers of Commerce, other Chambers and various trade organisations. Sources in FBR informed Customs Today that FPCCI President Zakria ... Read More »

MCC Appraisement-East issues SOPs for revenue recovery

KARACHI: Model Customs Collectorate of Appraisement-East on the directives of Collector Najeeb-ur-Rehman Abbasi has issued the Standard Operating Procedures (SOPs) for recovering of evaded duty/taxes to all the departments concerned. FBR sources informed Customs Today that the SOPs have been circulated in the entire section of Research and Development (R&D) with a view to ensure speedy recovery of the national ... Read More »

Central region’s duty collection shows sluggish growth

LAHORE: Central Region of Pakistan Customs has collected total customs duty of Rs 30,147 million for the fiscal year 2013-14, up 6 per cent against Rs 28,462 million during the same period last fiscal year. However, central region seemingly missed the set target of Rs 33,798 million by 11 per cent. Model Customs Collectorate of Appraisement, Lahore has collected Rs ... Read More »

MCC Appraisement-West initiates crackdown on tax evader importers

KARACHI: Post Release Verification (PRV) Section of Model Customs Collectorate of Appraisement-West on the directives of Chief Collector-South Nasir Masroor and Collector MCC Appraisement-West Muhammad Saleem, has geared up to initiate a crackdown for recovery against the defaulters and non-taxpayer importers, who were found involved in mis-declaration and tax evasion in their imported consignments. Sources informed Customs Today that a ... Read More »

FBR reservations: Govt undertakes revision of FTAs, PTAs

ISLAMABAD: The Federal government has decided to reconsider the status of all standing Free Trade Agreements (FTA) and Preferential Trade Agreements (PTA) signed with different countries including China. Currently FTA-2 with China is also under consideration. As per details, the government has taken the decision following the Federal Board of Revenue reservations regarding all these agreements. The board has pinpointed ... Read More »

Stuck consignments at ports: Importers worried due to delayed clearance

KARACHI: Over 100 consignments of textile fabric have been stuck at different ports and terminals including Karachi International Containers Terminal (KICT), Pakistan International Containers Terminal (PICT) and Port Qasim International Containers Terminal (QICT) for the last 20 days. Importers have expressed their deep concerns over the ongoing situation and were of the view that they may have to face losses ... Read More »

Customs values of headphones issued

KARACHI: Directorate General of Customs Valuation has issued Valuation Ruling no.676/2014 for determination of Customs values of headphones. Customs value of headphones of international brands (Creative, Bosch, Logitech, Philips, Toshiba, Sony, Beats, Samsung, Nokia, LG, Canon and Yamaha) from China having Pakistan Customs Tariff (PCT) heading 8518.3000 and proposed PCT code for WeBOC 8518.3000.1000 has been fixed at $ 4.70 ... Read More »

APMSIDA demands reduction in duty on import of motorcycles’ spare parts

KARACHI: All Pakistan Motorcycle Spare Parts Importers and Dealers Association (APMSPIDA) has demanded of the Prime Minister Nawaz Sharif and Federal Finance Minister Ishaq Dar to reduce 35 per cent customs duty implemented by the federal government in the Budget 2014-15 on the import of motorcycle spare parts. In a joint statement, Senior Vice Chairman APMSPIDA Khurram Riaz, former president ... Read More »

Tuesday June 10 -Monday June 16, 2014

Customs Today Newspaper Tuseday-June-10-Monday-June-16-2014

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Another vehicle imported on fake MoC letter recovered

KARACHI: Model Customs Collectorate of Appraisement-West has recovered another vehicle, Mercedes Benz C-200, Model 2008, imported on fake letter of Ministry of Commerce (MoC). Appraising Officer Muhammad Naeem Khan informed Customs Today that the Appraisement of Intelligence Bureau (AIB)/PRV Section of MCC Appraisement-West has recovered Mercedes Benz C-200, Model 2008 which makes the total of confiscated vehicles up to four, ... 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 »

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 »

Tuesday june 03 monday june 09, 2014

Customs Today Newspaper

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