Monday , November 30 2020
Breaking News
Home / Tag Archives: post clearance audit (page 2)

Tag Archives: post clearance audit

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 »

Import goods theft at Ports becoming severe: Muffasar Malik

KARACHI: Acting President of the Karachi Chamber of Commerce and Industry (KCCI), Muffasar Atta Malik has expressed deep concern over rising incidents pertaining to theft of imported goods during examination and clearance from all ports of Karachi city, which causes severe losses to importers. In a statement issued, acting president urged Ports and Shipping Ministry and Chairmen of all ports ... 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 »

Customs not to clear 6 fabric trucks sans import documents

KARACHI: The Cloth Merchants Association has expressed deep concerns over the seizure of six trucks containing imported fabric during a raid conducted by FBR Directorate General of Customs Intelligence & Investigation Karachi and Pakistan Rangers near Allahwala Market, Lucknow Plaza. As per details, the association termed the raid “illegal” and alleged that the customs intelligence was misusing powers by breaking ... Read More »

Customs seizes shampoos, soaps at Sagian Bridge

LAHORE: The customs anti-smuggling cell seized a bus loaded with non-customs paid goods worth Rs 0.8 million on Tuesday. Sources said that the anti-smuggling cell impounded imported shampoos, soaps and miscellaneous goods at the Sagian Bridge. They said that the cell sent a team under guidance of Anti-Smuggling Inspector Khalid Butt that confiscated the bus filled with illegal goods and ... Read More »

LCCI President Sohail Lashari says businessmen know social obligations

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) President Engineer Sohail Lashari, during a visit to Al-Ehsan Welfare Eye Hospital, said that the business community is quite conscious of its corporate social responsibilities and is utilising all its resources to the help of less privileged class of society. “The LCCI has already done a lot of work in social sector ... Read More »

PRA seeks audited copy of accounts from taxpayers

LAHORE: The Punjab Revenue Authority (PRA) has asked the registered persons and businesses in corporate sector to submit a copy of annual audited accounts along with tax payments’ propriety certificate from auditors. The authority said that the main provisions relating to maintenance and production of records for the purpose of Punjab sales tax are available under sections 31 and 32 ... Read More »

2000 containers used to restrain Imran, Qadri marches

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) Vice President Mian Tariq Misbah said that road blockade with containers may save the democracy but could subvert the economy. He said that delay in consignments has affected the business community, especially the small businessmen and industry. “If government has given the permission to the marches of Pakistan Tahreek-e-Insaf Chairman Imran khan ... Read More »

US Customs to return ‘Tyrannosaurus Skull’ to Mongolia

NEW YORK: The US customs authorities has decided to return the skull and vertebrae of an Alioramus dinosaur, a relative of the iconic Tyrannosaurus Rex, to Mongolia after Customs and Border Protection agents became suspicious of the French company importing them into the US. As per details, France had sent 70-million-year-old fossils, via courier, to a storage facility in Long ... Read More »

India to frame law to protect Pakistani investors

ISLAMABAD: The Ministry of Commerce, in a report, sent to the government stated that the Indian Parliament is planning legislation to provide financial and non-financial protection to those Pakistani investors who are interested to invest in India. “Therefore, Pakistani government must also take such an initiative to attract more investment from foreign investors and legislate to protect the foreign investors,” ... Read More »

FBR asked to implement employees union’s demands

LAHORE: The Federal Revenue Alliance Employees Union has asked the Federal Board of Revenue (FBR) to implement long delayed charter of demands of the union immediately, in a monthly meeting here the other day. Federal Revenue Alliance Employees Union President, Syed Naeem Abbas Shah preside the meeting at the FBR Lahore office. The general secretary of the union, Shahzad Butt told ... Read More »

FBR Chairman Bajwa chairs board-in-council meeting today

ISLAMABAD: The Federal Board of Revenue (FBR) has changed the time for board-in-council meeting to 2:30pm which was scheduled at 11am on Wednesday. As per details, FBR Chairman Tariq Bajwa will preside the meeting in which policy decisions about audit policy will be taken. FBR Member Inland Revenue Policy Shahid Asad, Member Inland Revenue Muhammad Ashraf Khan, Member Admin Shahid Hussain Jatoi, ... Read More »

ANF seizes tons of contrabands in Khyber Pakhtunkhwa

ISLAMABAD: The Regional Directorate Anti-narcotics Force (ANF) Khyber Pakhtunkhwa recovered smuggled drugs worth billions of rupees in August, which were several times more than the quantity of drugs recovered during July. According to the available data, the ANF seized 27.6kg heroin, 460kg hashish, 50,400kg sulfuric acid and 2.5kg amphetamine in August. Statistics revealed that ANF arrested 20 accused for their alleged involvement ... Read More »

FBR Member Ashraf Khan tells officers to achieve targets

ISLAMABAD: The Federal Board of Revenue has decided to transfer those field formation officers who will not show better performance till first quarter (October) of this fiscal year. As per details, FBR Member Inland Revenue Muhammad Ashraf Khan gave field formation officers two month respite to achieve their individual targets and warned them of transfer on showing inefficiency in their ... Read More »

Sri Lanka Customs seizes drugs at Bandaranaike Airport

COLOMBO: The Sri Lanka Customs has seized drugs worth Rs 2 million, used for illegal abortions, during a raid at the airport. Customs Preventive Division official intercepted a businessman and recovered illegal drugs imported from India at the Air Cargo Terminal of the Bandaranaike International Airport in Katunayake. Sources told that the businessman has imported the drugs form Chennai and ... Read More »

Customs to test WeBOC at Wagha Border soon: Majid Yousfani

KARACHI: Pakistan Customs to test Web Based One Customs (WeBOC), the homegrown state of the art automation system designed and developed entirely by Pakistan Customs, at Wagah Border this month. Director of Reforms & Automation Abdul Majid Yousfani said that WeBOC will introduce land and air modules till end of this month to help widen the reach of Pakistan Customs ... Read More »

UK funds FBR for tax awareness campaigns

ISLAMABAD: British Department for International Development will donate Rs 5 million to Federal Board of Revenue (FBR) which will be spent on awareness campaigns urging people to pay tax. As per details, a delegation of DFID has met with FBR Chairman Tariq Bajwa and offered him Rs 5 million funds for the campaigns to educate public about the importance of ... Read More »