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Tag Archives: Karachi Region

MCC-East to hold auctions of impounded commodities on Sept 25-26

KARACHI: Pakistan Customs has decided to hold auctions of the impounded vehicles and other commodities including shed lights, fire brakes, chemicals, tyre cuttings, scrape, papers and aluminium fillings under the supervision of Model Customs Collectorate (MCC)-East. According to a notification issued by the East Wharf Deputy Collector, the auctions will be held on two consecutive days at Pak Shaheen on ... Read More »

FIR against customs official registered on FBR directives

KARACHI: The Directorate of Customs Intelligence and Investigation (I&I), Karachi on the directive of Federal Board of Revenue (FBR) has got an FIR registered against an Assistant Collector (AC) in MCC-East, who is allegedly involved in mis-declaration in miscellaneous containers case. Sources in Directorate of Customs I&I confirmed that an FIR has been registered against Assistant Collector Aftab Ahmed and ... Read More »

FBR obtains info of luxury vehicles to identify taxpayers

KARACHI: To collect maximum income tax returns, the FBR has obtained data of around half million luxurious motor vehicles, official sources said. The Federal Board of Revenue (FBR) is categorising the data of about 450,000 vehicles – registered with the Karachi Motor Vehicle Registration Authority during the last three years – by capacity-wise and will compare with the returns filed ... Read More »

OICCI urges FBR to release Rs46 billion in refunds

KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) have asked the Federal Board of Revenue (FBR) to release refunds worth Rs46 billion causing cash flow and productivity problems. The FBR officials and OICCI members, in a meeting held last week, discussed the problems faced by the foreign investors. The OICCI’s members urged the FBR officials to make the ... Read More »

No proof of weapon smuggling found; Commission submits report in SC

KARACHI: A commission, established by the Apex Court, has found no proof of arms smuggling from Karachi port. The Supreme Court set up the commission headed by former Member Customs Ramzan Bhatti to probe into the matter of disappearance of Nato weapon shipments from Karachi port after the director general Rangers had told the court on August 30 that around ... Read More »

DG I&I due in Directorate Customs today

KARACHI: The Director General (DG) Customs Intelligence and Investigation (I&I) Riaz Khan will visit Directorate of Customs I&I office in Karachi today and hold meetings with the officials. Sources in Directorate Customs Investigation and Intelligence (I&I) told Customs Today that the DG Customs Intelligence will also review the performance of the officials in Directorate Customs I&I and evolve an effective ... Read More »

Directorate Customs I&I facing shortage of staff, equipment

KARACHI: Directorate of the Customs Intelligence and Investigation (I&I), Karachi is facing shortage of staff and latest equipment. Sources in Directorate of Customs (I&I) told Customs Today that no new recruitment in the department has been made for last 15 years. “Sepoys, who are currently working in the department, are aged while no recruitment has been made in place of ... Read More »

Siraj Teli seeks foolproof security for business community

KARACHI: Businessmen Group Chairman and former KCCI president Siraj Kassam Teli demanded the Prime Minister of Pakistan to provide security and safety to the business and industrial community as well as the Karachiites from the criminal elements. In a meeting chaired by Prime Minister Mian Nawaz Sharif at Governor House Karachi, Kassam Teli said, “Karachi is a goose laying golden ... Read More »

Rs3.734b collected on account of indirect tax

KARACHI: Federal Board of Revenue (FBR) collected Rs3.734 billion additional revenue on account of indirect tax owing to budgetary steps. The Board generated additional revenue up to Rs640.93 million after raising standard rate of sales tax from 16pc to 17pc in local supplies as the impact of this increased rate on imports stood at Rs2.68 billion. Likewise, FBR collected Rs131.26m ... Read More »

FBR to receive manual returns for incomes below Rs0.5m

KARACHI: The Federal Board of Revenue (FBR) officials have said that salaried persons earning between Rs400, 000 to Rs500, 000 now can file income tax returns manually. A senior tax official at Regional Tax Office (RTO) Karachi said that the electronic filing of returns was compulsory for salaried individuals driving income above Rs500,000. The Finance Act, 2013 brought certain changes ... Read More »

All stakeholders put their heads together to resolve issues in WeBOC system

KARACHI: A 15-member committee of the stakeholders and customs officials put their heads together on Wednesday to resolve issues related to WeBOC system installed at the Customs House in Karachi. The 15-member committee comprised of Karachi Customs Agents Association (KCAA), export committee and trade bodies while customs was represented by additional collectors, deputy collectors and assistant collectors. The meeting was ... Read More »

Bajwa gave clear instructions to improve enforcement system: Chief Collector Yahya

KARACHI: Chairman Federal Board of Revenue (FBR) Tariq Bajwa and Member Customs Nisar Muhammad Khan gave clear instructions for strengthening the enforcement system of Model Customs Collectorate (MCC) Preventive. This was stated by Chief Collector (Enforcement) Muhammad Yahya during an exclusive interview with Customs Today at his office. The Chief Collector (Enforcement) admitted that MCC Preventive was facing lack of ... Read More »