Saturday , September 26 2020
Breaking News
Home / Tag Archives: Pakistan Custom’s (page 9)

Tag Archives: Pakistan Custom’s

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 »

SBP financing for small exporters

The State Bank of Pakistan (SBP) has spelled out various incentives for small exporters, providing refinancing facility to Small and Medium Enterprises (SMEs) under the Export Finance Scheme.The SBP move is aimed at to fulfill the financing needs of exporters and to promote the exports of the country. The SBP took this decision after noting that most of the banks ... Read More »

Turkey invites Pakistani businessmen to attend Istanbul Jewelry Show

KARACHI: A delegation of the Turkish Jewelry Association (TJA), comprising Oguz Ozdemir, and Evindar Akcan, has visited the Karachi Chamber of Commerce and Industry (KCCI). The delegation invited the KCCI members to visit Istanbul Jewelry Show which will provide a perfect opportunity to the Pakistani manufacturers and exporters to introduce their products in Turkish market. As per details, Murat Mustu, ... Read More »

3,000 members to cast vote for KCAA election

KARACHI: Around 3,000 members of the Karachi Customs Agents Association (KCAA) will cast their votes at auditorium on September 25 to elect a 20-member managing committee, including the president and the general secretary. As per details, the annual general elections of the KCAA for the term 2014-15 will be held on September 25. The voting will be held from 9am ... Read More »

Closing: Bulls regain control of KSE with 766 points stride

KARACHI: The Karachi Stock Exchange’s benchmark KSE-100 on Tuesday consolidated its upward march and gained 766.55 points to reach 29260.29, defying the prevailing bleak political scenario triggered by the ongoing sit-ins and subsequent police-protesters clashes at Red Zone in the federal capital. Despite gloom and doom prevailed across the political spectrum, the KSE-100 index, opened at 28493, recovered from overnight ... 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 »

Amends made to valuation ruling of auto-parts

KARACHI: The Customs Valuation has made a number of amendments to the Valuation Ruling No.661/2014 after a thorough examination and threadbare discussion with stakeholders. According to a letter No Misc/22/2009-VIIIA/7445 dated August 29, issued by Customs Director (Valuation) Abdul Rashid Sheikh, the Customs values of various replacement auto-parts were determined vide Valuation Ruling No.661/2014 dated March 3, 2014 and amendments ... 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 »

Tuesday Sept 2 – Monday Sept 08, 2014

Customs Today News Paper

Read More »

Customs lodges FIR against agents, exporter for misusing ‘E’ form

LAHORE: The Investigation and Prosecution Cell of the Model Customs Collectorate Appraisement has lodged an FIR against five people for allegedly misusing ‘E’ form for foreign exchange at the Mughalpura Dry Port. Sources told Customs Today that Jamaludin and Sons, through New See Line International Customs Clearing Agents, entered a consignment of 15,250 pieces of auto oil filters worth $12,192 ... 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 »

Delay in FTO Sialkot camp office draws STBA ire

SIALKOT: Sialkot Tax Bar Association (STBA) President Shahid Mehmood has regretted the delay in the establishment of Federal Tax Ombudsman (FTO) camp office at the export-oriented city despite a lapse of four months and demanded early setting up of the office. Talking to Customs Today, Mehmood informed that the STBA had long been struggling for the FTO camp office in ... Read More »

Multan Customs seizes plastic grains, cloth worth Rs 15m

MULTAN: The Multan Customs Intelligence and Investigation has captured two trucks of imported cloth and plastic grains in separate raids. According to reports, the customs officials intercepted a truck near Dera Ghazi Khan and seized huge quantity of Iranian-origin plastic grains being transported to Lahore. Customs Intelligence and Investigation Additional Director Nisar Ahmad constituted special teams to foil the smuggling ... Read More »

Vehicle amnesty scam: FBR seeks replies from delinquent officers by Sep 10

KARACHI: The Federal Board of Revenue (FBR) has directed the customs officers, who were charged for corruption in vehicle amnesty scheme, to submit their replies by September 10, 2014. FBR Member Administration Shahid Jatoi has charge-sheeted 25 officers from BPS-17 to BPS-20, including Dr Zulfiqar Malik, the then collector appraisement, Sarfaraz Warraich, the then collector at Sambrial and Dr Naeem ... Read More »

Importer penalised for tax fraud involving LC

KARACHI: The Collectorate of Customs Adjudication has issued Order-in-Original (ONO) against an importer, UBC Convertec (Private) Limited, for its alleged involvement in mis-declaration of goods, value and description. According to details, the importer electronically filed goods declaration — KAPE-HC-54462 dated 24-12-2013 declared to contain Acrylic Polymer in primary form “PC WBGS 1240 A”, 10500Kg (net weight) under HS Code 3906.9090 ... Read More »

FBR blacklists 3,058 industrial, trade units

ISLAMABAD: The Federal Board of Revenue (FBR) has blacklisted 3,058 industrial and trade units for alleged tax evasion and fake invoices, causing billions of rupees losses to the national exchequer during last six years. These blacklisted industrial and business units, including textile mills and dozens of other units situated in Faisalabad, Sialkot, Multan, Quetta, Gujranwala, Sargodha, Rawalpindi, Islamabad and Hyderabad. ... Read More »