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Tag Archives: misdeclaration

Collector Adjudication Ranjha adjourns SM Foods case hearing

MULTAN: Hearing in Saim Mobeen (SM) Foods Maker Company’s misdeclaration case has been adjourned to Monday (October 13). Sources said that SM Foods Maker Company has moved an application for the verification of invoices in their misdeclaration case in the Court of Customs Collector Adjudication Saleem Ahmad Ranjha. The invoices recovered by Customs Intelligence & Investigation will be matched with ... Read More »

Govt seeks parliament nod to give market access to India

ISLAMABAD: The federal government has decided to forward Non-Discriminatory Market Access (NDMA) – a term coined after Most Favoured Nation (MFN) status for India, to parliament for approval to normalise trade ties with India. The decision was taken after lack of understanding between inner opposition and stakeholders. As per details, the government is waiting for end to sit-ins so that ... Read More »

FBR acting Chairman to visit Karachi Customs House next week

KARACHI: The Federal Board of Revenue acting Chairman Shahid Hussain Asad is likely to visit Karachi Customs House next week. The FBR sources confirmed Customs Today that the acting chairman Shahid Asad would expected to visit customs house next week where he will hold meetings with the Customs officers. It further informed this scribe that the agenda of the meeting ... Read More »

IOCO starts listing genuine importers

KARACHI: The Input-Output Co-efficient Organization (IOCO) of Federal Board of Revenue (FBR) has started to compile the list of genuine importers, who has been granted concessionary regime by Pakistan Customs on their imports of raw materials according to the amended SRO565 (I)/2014. The FBR sources informed Customs Today that the IOCO after conferring the powers of dealing with SRO565 (I)/2014 ... Read More »

Chief Collector Nazim Saleem to hold meetings at Quetta today

KARACHI: Chief Collector Enforcement-South Muhammad Nazim Saleem left for Quetta for holding meetings with officers of Quetta Collectorate. As per details, the Chief Collector Enforcement-South will also visit the check-posts of Pakistan Customs established at the entry and exit points of the Quetta city. A source from FBR told Customs Today that the Chief Collector Enforcement-South will hold meetings regarding ... Read More »

Appraisers Association of MCC Appraisement-West meeting today

KARACHI: The Appraisers’ Association of Model Customs Collectorate of Appraisement-West has decided to hold a meeting today, regarding the issue pertaining to register FIRs against eight appraisers of Group-I and Group-IV in their alleged involvement in malpractices and using unfair means in clearing the consignments. The sources in MCC-Appraisement-West on condition of anonymity informed Customs Today that the appraisers association ... Read More »

Missing documents: Customs holds liquor of Aussie High Commissioner

ISLAMABAD: Islamabad Dry Port Assistant Collector has refused to clear a container of liquors imported for Australian High Commissioner, held on incomplete documents. As per details, Australian High Commission has imported liquors for its High Commissioner through Islamabad dry port but on examination customs found that documents necessary for duty free import were not complete. The Ambassadors have privileged to ... Read More »

TCS smuggling scandal: Court extends bail of Hamdani, Shakirullah

ISLAMABAD: Customs court has extended anticipatory bail granted to TCS Chief Executive Saqib Hamdani and Smart Zone Company’s owner Shakirullah till August 6th. Both were accused of allegedly involved in smuggling of contrabands undercover of Afghan transit trade. On the other hand, Customs Intelligence Deputy Director Shahid Jan has decided to broadened investigation circle to other workers of The Courier ... Read More »

Multan Customs I&I seizes smuggled cloth

MULTAN: Multan Customs Intelligence and Investigation (I&I) has seized two trucks loaded with imported cloth near Khanewal toll plaza here on the other day. As per details, Haji Sadiq Achakzai was attempting to smuggle two trucks loaded with imported cloths. Additional Director Customs I&I Nisar Ahmad on tip of informer has taken action and with his special team members Sheikh ... Read More »

DTRE scheme: Customs to recover millions from Lucky Cement

KARACHI: The Federal Board of Revenue (FBR) has asked Pakistan Customs to recover tax worth millions of rupees from M/s Lucky Cement Limited as company found guilty of tax evasion in duty and tax remission for exports (DTRE) research report. The sources informed Customs Today that the FBR authorities during the DTRE research study had observed that facility granted to ... Read More »

Tight inspection: FBR to launch electronic monitoring system

ISLAMABAD: Federal Board of Revenue has decided to introduce electronic monitoring system SEMP to void the tax theft at manufacturing level. As per a FBR source the project of SEMP has been in preliminary stage and FBR will hire a private company who would start a pilot project very soon to implement it practically. FBR authorities were of the view ... Read More »

ANF recovers 17kg drugs, arrests 4

ISLAMABAD: Anti Narcotics Force seized 17 kg of drugs and arrested 4 culprits during its raids at airport, highways and bus stands. As per details, ANF has conducted raids in Islamabad, Faisalabad and Lahore and recovered 17kg capsules filled with charas and heroine. ANF also arrested 4 culprits and confiscated their vehicle. At main motorway tool plaza Lahore ANF, on ... Read More »

Multan Customs seizes cigarettes, handsets worth Rs70.5m

Multan: Anti-smuggling wing of Pakistan Customs seized imported handsets and Cigarettes worth Rs 70.5 million during a raid near Multan-Khanewal road. As per details, Anti Smuggling Organization seized 10 cartons of imported cigarettes worth Rs 0.5 million due to non-payment of duty during a raid near Multan-Khanewal road. Moreover, Customs Anti Smuggling Organization also detained approximately 7000 imported handsets in ... Read More »

Customs Adjudication asks MCC Appraisement-W to review Contravention Reports

KARACHI: The Collectorate of Customs Adjudication has returned all 50 contravention reports (CRs) made by the Model Customs Collectorate of Appraisement-West on misdeclaration of imported fabric consignments and asked to review them as they possibly missing legal formalities. Reliable sources in FBR, on condition of anonymity, informed Customs Today that the Collectorate of Customs Adjudication has returned all the CRs to ... Read More »

May ‘14: PRV section recovers Rs15m in 52 cases

KARACHI: Post Release Verification (PRV) Section of Model Customs Collectorate of Appraisement-West has recovered and collected an amount of Rs 15,274,629 while detecting 52 cases of tax-evasion, mis-declaration and under-invoicing in the month of May, 2014. The PRV Section has recovered an amount of Rs 305,274 from Goods Declaration (GD) no.89562; Rs 305,274 from GD no.90338, Rs 197,450 from GD ... Read More »

Law to curb undervaluation of property discussed

ISLAMABAD: The government is planning introducing a new law in budget (2014-15) to empower the Federal Board of Revenue (FBR) to purchase property at a higher rate of 25 percent than the declared sale price or value of land to check the incidence of massive undervaluation and misdeclaration in the country. The idea regarding the introduction of a new law ... Read More »

Customs proposes 10pc duty on import of silicon steel

ISLAMABAD: Pakistan Customs has recommended the imposition of 10 percent import duty on commercial import of silicon steel to prevent the incidence of misdeclaration. As per details, the import of silicon steel has witnessed a conservable increase over the past one year despite the fact that no new investment has been made in silicon-steel-consuming sector like electric transformer and fan ... Read More »