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Tag Archives: post clearance audit

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 »

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 »

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 »

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 »