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Tag Archives: Member Legal

TDAP to organize ‘Alishan Pakistan’ exhibition in New Delhi

ISLAMABAD: Despite strong opposition by an Indian Hindu fundamentalist organisation, preparations are in full swing to make the upcoming event ‘Aalishan Pakistan’ lifestyle exhibition in New Delhi a big success. The event is being organised by Trade Development Authority of Pakistan (TDAP). The Hindu Janajagruti Samiti (HJS), working for establishment of Hindu society, has demanded the Indian government stop the ... Read More »

Chinese assistance for economic corridor not loans: Ahsan Iqbal

ISLAMABAD: Federal Minister for Planning, Development and Reform Ahsan Iqbal has said that the Chinese assistance to Pakistan under ‘China Pakistan Economic Corridor’ was not loans but foreign direct investment (FDI). “Today there is a mad race among all countries to attract maximum FDI for higher growth rates. Energy projects with Chinese assistance were a source of oxygen for our ... Read More »

Islamabad Dry Port collects Rs 140 million customs duty in August

ISLAMABAD: The Islamabad Dry Port collected Rs 140 million revenue in August despite the fact that the Federal Board of Revenue (FBR) has not yet assigned any target for this fiscal year to the port authority. However, the dry port collected Rs 136 million in customs duty in August amid the slowdown in economic activities. The port had collected Rs ... Read More »

Bajwa lauds Virk for detecting TCS, Telenor cases

ISLAMABAD: Federal Board of Revenue Chairman Tariq Bajwa visited Directorate General of Customs Intelligence and Investigation on Friday. Director General I&I Lutfullah Virk briefed the chairman on the performance of the department during the chairman’s first visit to directorate general after the appointment of Lutfullah as DG I&I. The FBR chairman lauded the efforts of DG I&I Lutfullah on his ... Read More »

Hyderabad Customs seizes 35,000 litres Iranian oil

HYDERABAD: The Hyderabad Anti-Smuggling Squad has seized contrabands worth Rs 5.9 million including 35,000 litres Iranian oil and 17,000 metre cloth in August. As per details, Hyderabad Assistant Collector Preventive Imanullah on directives of Model Customs Collectorate Collector Dr Wasif Ali Memon, conducted successful raids against Iranian diesel, cloth and other contrabands and recovered the smuggled goods worth Rs 5.9 ... Read More »

FBR sets Rs 252 billion revenue target for September

ISLAMABAD: The Federal Board of Revenue (FBR) has set an ambitious target of Rs 252 billion for September, sources said. According to official sources, the tax collection target for the first quarter (July and September) of the ongoing fiscal year is Rs 569 billion. Sources said that the FBR has achieved the tax collection targets of the first two months, ... Read More »

FBR to charge 7.5% tax on electricity bills

ISLAMABAD: Federal Board of Revenue has obtained the list of commercial and bulk electricity consumers and sent it to regional tax offices to make tax collection possible. Sources told Customs Today that FBR, with coordination of KESC and DISCOS, will collect 5 per cent and 7.5 per cent sales tax on electricity bills. “The consumers with Rs 20,000 or above ... Read More »

DG Lutfullah Virk takes strict notice of staff absence

ISLAMABAD: Lutfullah Virk, the director general of customs intelligence and investigation, Islamabad, has taken serious notice of the absence and late coming of employees due to current political situation in the capital and warned them of stern action if they didn’t attend the office in time. The director general has also decided to install a bio-metric system in the office ... Read More »

Maneka, Customs officials for removing ATT, WeBOC hurdles

KARACHI: A meeting was held to discuss transit trade and review the progress of the reconciliation of consignments moving from Karachi ports to border points of the Pakistan Customs in Peshawar and Quetta. Director General of Transit Trade (TT) Khawar Farid Maneka presided the meeting which was attended by the additional director Karachi, deputy director TT processing Karachi, deputy director ... Read More »

Political crisis amid inflation

The warning bells are ringing from all sides amid political crisis in Islamabad. The whole world is watching developments in Pakistan and friendly countries like China and the United States are looking the events with concern. The Indian prime minister, who is spitting venom against Pakistan since his Bharatiya Janata Party has come to power,is also worried about the situation ... Read More »

FBR exceeds revenue target for August by Rs 3 billion

ISLAMABAD: The Federal Board of Revenue (FBR) has surpassed the monthly revenue collection target of Rs 180 billion for August 2014 as it collected over Rs 183 billion during the month. Official data obtained by Customs Today showed that the FBR has provisionally collected over Rs 183 billion during August 2014 against assigned monthly revenue collection target of Rs 180 billion with ... Read More »

Telenor terms allegations of tax evasion by customs baseless

KARACHI: Telenor Pakistan Director Corporate Communications and Responsibility Atifa Asghar, in response to the allegations of tax evasion, said that Telenor Pakistan was a law-abiding and responsible corporate entity, and that it always met its legal and ethical obligations. “The allegation of tax evasion is misconceived and incorrect,” she told Customs Today. “It is a matter of different interpretations and ... Read More »

PIA, Shaheen Air, Air Blue tax scam case: SHC summons attorney general

KARACHI: The Sindh High Court (SHC) has summoned Salman Aslam Butt, the attorney general of Pakistan, to seek his perspective over the sales tax dispute between Pakistan International Airlines (PIA) and the Pakistan Customs. The reliable sources confirmed Customs Today that the SHC has asked the attorney general to present before the court on Wednesday (today) and clear the government ... Read More »

Appraisement-East collects Rs 19.24b in August

KARACHI: The Model Customs Collectorate (MCC) of Appraisement-East has collected Rs 19.24 billion in August with an increase of Rs 5.78 billion as compare to the Rs 13.45 billion collected in July under the heads of customs duty, sales tax, withholding tax and federal excise duty. According to statistics, the MCC-Appraisement-East has collected Rs 5.24 billion customs duty in August ... Read More »

Multan Customs collects Rs 14.92b in August

MULTAN: Multan Customs Collectorate has collected Rs 14.92 billion in August for FY 2014-15. The Anti-Smuggling Organisation has registered 15 cases in August 2014 which includes seven cases of vehicles and eight cases of contraband items, collecting Rs 7.26 million duty on the seized items. The Multan Customs also uncovered alleged tax evasion by Q Mobile smart phones company worth ... Read More »

Islamabad Customs initiates investigation into Telenor case

ISLAMABAD: The Federal Board of Revenue Directorate General of Customs Intelligence and Investigation has started investigations into telecommunication service provider, Telenor, on mis-declaration in import of telecommunication equipment. Sources told Customs Today that Customs I&I has started reviewing goods declaration forms by the company in this regard. “Customs Intelligence initiated investigation on request of the Karachi Customs into the mis-declaration ... Read More »

Lahore Customs team to visit Karachi to pursue pending cases

KARACHI: An investigative team of the Directorate General of Customs Intelligence and Investigation Lahore has planned to visit regional office in Karachi to pursue important cases. Sources in FBR informed Customs Today that a team headed by Intelligence Officer Yousuf Yaar Khan has to visit Karachi on Monday night to review some high profile cases which are in pending due ... Read More »

Karachi Customs sends Telenor’s alleged tax evasion case to FBR

KARACHI: The Directorate General of the Customs Intelligence and Investigation (I&I) Karachi has forwarded the case of Telenor Pakistan to FBR Headquarters in Islamabad. Telenor Pakistan was allegedly found involved in tax evasion of around Rs 30 million in clearances of telecommunication equipment through mis-declaration. The sources in the directorate informed Customs Today that the authorities in regional office forwarded ... Read More »

Customs Port Qasim collects Rs 25.6b in August

KARACHI: The Model Customs Collectorate of Port Muhammad Bin Qasim has collected revenue of Rs 25.6 billion in share of customs duty, sales tax, federal excise duty and income tax in August 2014. As per details, Collectorate of Port Muhammad Bin Qasim has increased its revenue collection by Rs 5.89 billion as revenue collection in July was Rs 19.74 billion. ... Read More »

ASO seizes contrabands worth Rs 24m in August

KARACHI: The Anti-Smuggling Organisation (ASO) branch of the Directorate of Customs Intelligence and Investigation Karachi seized smuggled goods, including foreign diesel, oil tanker, CNG cylinders, high speed Iranian diesel, silk cloth, poppy seeds, shoes and sleepers worth Rs 24.2 million in which Rs 3.18 million duty involved, in raids during August. As per details, the anti-smuggling team has seized 18,000 ... Read More »