Saturday , August 8 2020
Breaking News
Home / Tag Archives: Member Legal (page 2)

Tag Archives: Member Legal

Traders seek govt permission to import textile machinery from India

ISLAMABAD: Traders and textile groups have asked the federal commerce ministry to allow them imports textile machinery from India. As per details, importers want to import boilers and gear boxes via Wagha Border as the cost of import is much higher in Karachi. Sources told Customs Today that some traders have imported gear boxes for textile machinery via Wagha Border ... Read More »

FBR assigns Rs 20.7 billion yearly target for Appraisement Lahore

LAHORE: The Federal Board of Revenue (FBR) has finally assigned customs duty collection target to Model Customs Collectorate (MCC) Appraisement Lahore for the financial year 2014-15. According to details, MCC appraisement Lahore has been asked to collect total duty of Rs 20.73 billion for fiscal year 2014-15 which is 26 percent more than the last year target. The MCC Appraisement ... Read More »

Customs reveals another multi-million scam by Telenor

ISLAMABAD: The Directorate General Customs Intelligence and Investigation Islamabad has brought another mega scam of Rs 23 million duty evasion by Telenor into light. As per details, the customs has issued notice to the telecommunication service provider, Telenor, for its alleged involvement in another Rs 23 million duty evasion in mis-declaration/mis-classification. Telenor has assured the customs that they were ready ... Read More »

FBR to make e-filing of tax returns user friendly

SIALKOT: The Federal Board of Revenue (FBR) is removing flaws from E-filing system of tax returns submission to make it more user-friendly, to facilitate the business community and potential taxpayers. The FBR has launched an awareness seminar on “E-filing tax returns filing” at Gujranwala Chamber of Commerce and Industry (GCCI). The FBR chief of FATE Wing Islamabad Bukhtiar Muhammad, Secretary ... Read More »

Customs valuation of Fleece Fabric issued

KARACHI: The Directorate General of Customs Valuation has determined the Custom values of Fleece Fabric through Valuation Ruling No.683/2014 under Section 25-A of the Customs Act, 1969. The exercise to determine the Customs values of Fleece Fabric was initiated after it was brought in the notice of the Directorate General of Customs Valuation that Fleece Fabric is being imported from ... Read More »

Physical, mental health perquisite for nation’s efficiency: LCCI

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has organised a day-long seminar on “The Hidden Enemy” on Friday, in which a large number of people from different walks of life participated. LCCI Vice President Kashif Anwar and renowned Psychiatrist Dr GH Saqib Kalyani spoke on the occasion and marked the importance of physical and mental health. They pledged ... Read More »

PM, cabinet assure support to Bajwa on tax collections

ISLAMABAD: The Prime Minister Muhammad Nawaz Sharif instructed Federal Board of Revenue (FBR) Chairman Tariq Bajwa to start crackdown on tax evaders without any discrimination. He also told FBR chairman to broaden the tax net without taking any political pressure. As per details, FBR Chairman Tariq Bajwa has briefed the PM Nawaz and cabinet in a federal cabinet meeting on ... Read More »

Bajwa, US councillor meeting cancelled due to Imran, Qadri sit-ins

ISLAMABAD: The meeting between Federal Board of Revenue Chairman Tariq Bajwa and economic councillor of US Embassy has been cancelled due to security situation in the federal capital. As per details, economic councillor of US Embassy was scheduled to meet the FBR chairman at headquarter on Thursday, however, meeting has been cancelled due to sit-ins and marches by Pakistan Tehreek-e-Insaf ... Read More »

Bajwa, UK official to discuss roadmap to improve taxation

ISLAMABAD: The representative of UK Department for International Development (DFID) will meet Federal Board of Revenue (FBR) Chairman Tariq Bajwa at FBR headquarters on Monday. As per details, a meeting between FBR chairman and DFID representative has been scheduled for this Monday in which both sides will discuss the roadmap to improve the tax collections and to strengthen the economy. ... Read More »

FBR raises large taxpayer unit’s target by 30pc

LAHORE: The Large Taxpayer Unit (LTU) of the Federal Board of Revenue (FBR) has been assigned 30 percent more revenue target for September this year than the last year’s collections of Rs 15.03 billion during the same period. Sources told Customs today that the FBR has assigned Rs 19.497 billion tax collection target to LTU for September this year, which ... Read More »

Ex-CEO Hamdani owns TCS building

ISLAMABAD: The customs authorities have learnt that former TCS CEO Saqib Hamdani has the ownership of the main building of the TCS Express and Logistics Centre near Jinnah International Airport at Iqbal Avenue, Karachi. This revelation has opened new dimensions in the TCS and Smart Zone Company smuggling case that how a man hired as CEO could have the ownership ... Read More »

Dubai Customs seizure cases up 23pc in first half

DUBAI: Dubai Customs has raised collections from seized contraband as it has 23 percent more seizure case during the first half of this year than the same period of last year. As per details, Dubai Customs Passenger Operations Department has 1,037 confiscations during the first half of this year as compared to 843 seizures during the same period last year. ... Read More »

FBR to devolve powers to act against ‘black sheep’

ISLAMABAD: The Board in Council of the Federal Board of Revenue (FBR), on suggestion of Member Customs Nisar Muhammad Khan, has decided to give authority of institutional punitive measures to field formations, chief collectors and chief commissioners. After the said decision, heads of the field formations will be authorised to take action against corrupt officers on mismanagement and corruption. The ... Read More »

Customs judge remands 3 in fake ‘E’ form case

LAHORE: Customs Judge Tanveer Akbar sent three accused on a two-day remand for using fake ‘E’ form for foreign exchange on export in separate cases on Thursday. The court, accepting request of the customs investigation officer, granted remand of three accused, including clearing agents M Rashid, Nadeem and Wasim of Shipping and Freight Forwarders, on their alleged involvement in using ... Read More »

ANF recovers narcotics worth Rs 1.24 billion in 8 raids

ISLAMABAD: Anti-Narcotics Force (ANF) recovered drugs worth Rs 1.24 billion during eight operations at Islamabad, Rawalpindi, Mianwali, Peshawar, Khyber Agency and Karachi and recovered 1.2 ton of charas, 3 kg of heroin and 700 grams of opium, arresting 12 drug peddlers. According to details, ANF Peshawar raided a house in Khyber Agency and recovered 1210 kg of charas from the ... Read More »

Bajwa directs tax officers to recover Rs 70 billion from SM Foods

MULTAN: The Federal Board of Revenue Chairman Tariq Bajwa has directed the subordinates to present the comprehensive report on Rs 70 billion tax evasion by a famous businessman of Multan City. As per details, FBR chairman asked regional tax officers of Multan to recover Rs 70 billion rupees tax from a businessman evaded in last two years. The accused Saim ... Read More »

TCS, Smart Zone multi-billion smuggling case hearing put off

ISLAMABAD: A special court headed by Customs Taxation and Anti-Smuggling Customs Judge Muhammad Ahmad Farooqi has postponed the hearing of the TCS and Smart Zone Company smuggling case as lawyers of the accused did not appear in the court. As per details, TCS former CEO Saqib Hamdani, Manager Logistics Ghazanfar Gul and Smart Zone Company Owner Shakirullah asked the court ... Read More »

US Customs seizes drugs worth $128K

SANTA TERESA: The US Customs has seized marijuana worth $128,000 and arrested two men in a raid by US Customs and Border Protection officers at the Santa Teresa port of entry. Customs intercepted two men, Armando Yanez Balbuena, 36, and Noel Oguer Aguirre Garcia, 40, who were entered the port from Mexico. Customs officers were screening vehicles when they noticed ... Read More »

FBR officials arrest factory owner for evading Rs 280 million tax

LAHORE: Federal Board of Revenue Lahore Deputy Commissioner Inland Revenue Raza Ashfaq Sheikh has arrested a factory owner for allegedly evading Rs 280 million tax. As per details, the deputy commissioner raided a house in Shahdman, Lahore, and arrested Nasir Tariq Butt, owner of Munir Foundry situated on Shiekhpura Road. Butt had not been paying his tax dues since 2009. ... Read More »

Member Admin Shahid Jatoi takes action against corrupt officers

ISLAMABAD: Federal Board of Revenue (FBR) Member Admin Shahid Hussain Jatoi has learnt that most of his instructions regarding corrupt officers were being ignored by lower management staff. As per details, Jatoi has sought the records of personal hearings against corrupt officers, from his appointment to date, on reports of mismanagement in these cases. It is learnt that the Member ... Read More »