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Tag Archives: Pakistan Custom’s

Weekly roundup: Bears reign KSE amid Imran, Qadri sit-ins

KARACHI: As the Azadi and Inqilab marches led by Pakistani Tehreek-e-Insaf (PTI) Chairman Imran Khan and Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri entered third week, the bears and bulls kept fighting the whole last week at the Karachi Stock Exchange. The KSE 100-index started last week journey with initial 28,871.75 points and lost 304.01 points in five days ... Read More »

FBR collects Rs 1b more revenue in August

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 181 billion during the month. Official data obtained by Customs Today showed that the FBR has provisionally collected over Rs 181 billion during the first 29 days of August 2014 against assigned monthly revenue ... Read More »

ATT scam: Customs tribunal abandons ONO against agents

KARACHI: A Customs Appellate Tribunal has cancelled the order-in-original (ONO) of the customs adjudication which holds customs clearing agents responsible for stealing of goods consigned by the National Logistics Company (NLC) under the Afghan Transit Trade (ATT). As per details the additional collector of adjudication at Port Qasim, Karachi, has passed an ONO imposing Rs 250,000 penalty on clearing agents, ... Read More »

Customs agents seek transfer of NATO container cases to Peshawar

PESHAWAR: The customs clearing and forwarding agents have requested the National Accountability Bureau (NAB) chairman to transfer the NATO container disappearance cases from Karachi to Peshawar due to travelling issues. The agents also claimed that there is still no progress in the cases due to political involvement and NAB has so far been unsuccessful in proving the accusation of container ... Read More »

Bajwa, Ashraf tell field officers to achieve revenue target

ISLAMABAD: Federal Board of Revenue Chairman Tariq Bajwa has visited large taxpayers to encourage them on their revenue collection efforts amid the current political situation in the country. On the directive of the FBR chairman, member Inland Revenue Operation Muhammad Ashraf Khan visited RTOs in Islamabad and Rawalpindi and met chief commissioners and urged the field formation officers to gear ... Read More »

FBR designs new software for online tax payments

ISLAMABAD: The Federal Board of Revenue has designed a new software for taxpayers to submit their tax returns online. The new software enables the taxpayers to submit their declarations of income tax, sales tax, withholding tax and federal excise duty through online service. As per details, FBR IT team has introduced the new software to facilitate the taxpayers so that ... Read More »

Customs: Scanners to be installed at Karachi airport to curb smuggling

KARACHI: Model Customs Collectorate (MCC) Preventive Assistant Collector Engineer Mukhtar Ahmed Sheikh has said that the latest equipment, including 3-D and scanners, will be installed in Drug Enforcement Cell to curb smuggling from the Karachi airport. Talking to Customs Today, the assistant collector said that the latest scanners will play a vital role in detecting smuggled goods. He said that ... Read More »

Pakistan Origin Card proposed to facilitate investors

ISLAMABAD: The Senate Standing Committee on Commerce and Textile Industry has asked the government to revive the abolished scheme of the Pakistan Origin Card (POC) for Pakistani expatriates to attract foreign investment in the country. Under the POC scheme the Pakistani expatriates, who had left Pakistan at the time of independence and their spouses, were allowed to travel to Pakistan ... Read More »

Customs registers FIR against Mashahni Enterprises on cheque bounce

LAHORE: The Model Collecotorate of Customs (MCC) Appraisement Investigation and Prosecution (I&P) Cell has lodged an FIR against the Mashahni Enterprises after a cheque of Rs 12.6 million issued by the company bounced. As per details, the Mashahni Enterprises had allegedly cleared a consignment of 20,265 kilogramme consisting of drawing pen and markers worth Rs 3.1 million and paid Rs ... Read More »

Only 3 auditors to audit 2 years accounts of Karachi Customs

KARACHI: Department of Customs and Petroleum Director Audit Khalid Hussain has directed the audit of 21 collectorates and directorates of the Karachi Customs. Hussain has nominated Abid Javed Khan, Abdul Rashid Brohi and Muhammad Eisa Khan as audit officers through a letter no 231-DACP/PAC/DAC/verification/2014-14 (Vol-II) dated August 26 sent to the 21 collectorates and directorates referring to the Public Accounts ... Read More »

Importers face heavy fines without fault

KARACHI: Importers have been facing heavy fines and surcharges for delay in grounding of containers at the Pakistan International Container Terminal (PICT). Sources told Customs Today that importers have been waiting from five to six days for the grounding of containers for examination during the last few weeks. “Importers were being fined for delay even the Karachi Customs Agents Group ... Read More »

Bajwa reviews tax operations, meets British delegation

ISLAMABAD: Federal Board of Revenue Chairman Tariq Bajwa has instructed all field formation officers to gear up their efforts to achieve the revenue target for the current fiscal year. As per details, the FBR chairman has given the instructions to officers during a presentation given by member IT Miss Ra’ana Ahmad at the FBR headquarters. In this presentation, member IR ... Read More »

Hyderabad Customs seizes 15,000 litres Iranian oil

HYDERABAD: The Hyderabad Customs has seized 15,000 litres smuggled Iranian oil worth Rs 1.6 million near Hitri Police Station. On the directives of Assistant Collector Preventive Imanullah Khan Tareen of the Model Customs Collectorate (MCC), Anti-Smuggling Squad Superintendent Nadeem Usmani, Inspector Abdul Ghafoor Sheikh and their team members have seized 15,000 litres of smuggled Iranian oil and arrested two people ... Read More »

Dastgir hails Azad Kashmir traders for rejecting Imran’s call

ISLAMABAD: Federal Minister for Commerce Khurram Dastgir has supported the business community in Azad Kashmir for rejecting the call of civil disobedience by Pakistan Tehreek-e-Insaf chief Imran Khan. The representatives of the business community in Azad Kashmir were of the view that the call of civil disobedience will further weaken the economy. They demanded Imran Khan take the call back. ... Read More »

Customs foils bid to smuggle heroin to Nigeria, two booked

LAHORE: The Pakistan Customs has foiled an attempt to smuggle 250 gramme heroin to Nigeria. According to details, Customs Inspector Farrukh Amin found a parcel containing 250 gramme heroin worth Rs 75,000 at the export section of the General Post Office. Following the incident, the customs has lodged an FIR against two Nigerians, Ikenna Udegbuna and Jane Udegbuna, under Control ... Read More »

FBR asks law ministry to fill vacant posts in customs appellate

ISLAMABAD: The Federal Board of Revenue (FBR) has asked the federal law ministry to fill all the vacant posts in Lahore, Karachi and Peshawar in customs and Inland Revenue appellate tribunals. According to sources, 10 posts of the judicial and technical members are vacant in the Customs Appellate Tribunal and 18 posts of the judicial and accountant members are vacant ... Read More »

FIA seeks import details of 27 suspicious containers

KARACHI: The corporate crime cell of the Federal Investigation Agency (FIA) is seeking import details of 27 suspicious containers. Through a letter, the FIA authorities requested the appraisement import-east deputy collector to provide information within three days in connection with the enquiry being conducted by the corporate crime cell. The cell has sought import details of the containers bearing registration ... Read More »

Customs central region not assigned revenue target

LAHORE: The Federal Board of Revenue (FBR) has not yet assigned target for the customs central region even nearly two month have passed since the start of the fiscal year 2014-15. Sources said that the FBR has issued revenue target in the first month of the fiscal year, however, it has not yet issued target for customs central region. Moreover, ... Read More »

Lahore Tax Bar Association sets up desk to facilitate taxpayers

LAHORE: The Lahore Tax Bar Association (LTBA) has established a special desk to facilitate the taxpayers who have been issued show-cause notice by the Lahore Broadening of Tax-base Department. Talking to Customs Today, LBTA President Aysha Qazi said that show-cause notices have been issued to the taxpayers on the directives of the Federal Board of Revenue (FBR) but no official ... Read More »

Customs notices misuse of law in zinc sulphate import

KARACHI: The Model Customs Collectorate (MCC) of Appraisement-East has issued assessment alerts in order to examine the consignments of zinc sulphate, commonly used in feed and fertilizer. The sources informed Customs Today that some corrupt elements have been claiming exemption of sales tax under SRO 1007(I)/2005, which is extendable only to feed grade. However, some importers have cleared their consignments ... Read More »