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Tag Archives: QICT

Maersk lines, QICT to be booked in criminal cases, face closure

KARACHI: Importers said that Maersk shipping line, its subsidiary in Pakistan, M/S Maersk Pakistan (Pvt) Ltd and Qasim International Container Terminal (QICT) are robbing them of billions of rupees through criminal breach of trust, cheating and threatening. Importers have decided to book the shipping line and QICT in criminal cases due to which Maersk and QICT could face complete closure ... Read More »

FIR application against Maersk and QICT for taking illegal charges & holding goods

KARACHI: Shipping line Maersk, its subsidiary in Pakistan, M/S Maersk Pakistan (Pvt) Ltd and Qasim International Container Terminal (QICT) are blackmailing genuine importers through illegal holding & blocking of their imported goods for the sake of demanding additional demurrage and detention charges in violation of relevant customs laws. Importers have filed application to lodge FIR against this shipping line, its ... Read More »

QICT puts nation at risk, auctions 400 containers of dangerous PVC scrap

KARACHI: Pakistan Customs auctioned 400 containers of banned hazardous plastic scrap  including used shopping bags and PVC pipes of sewerage lines instead of dumping them. Sources said ban is imposed on import of unhygienic plastic scrap but some importers imported consignments of this scrap and tried to clear it through mis-declaration as different collectorates of Customs stopped clearance of these ... Read More »

PCA detects Rs6m tax evasion by M/s Alam Fayyaz & Sons & Landhi

KARACHI: The Directorate of Customs Post Clearance Audit (PCA) on Thursday detected duties and tax evasion of Rs 6 million by M/s Alam Fayyaz and Sons, Landhi, Karachi and sent report of concern to adjudication, it is learnt here. Sources told Customs Today that M/s Alam Fayyaz and Sons, Landhi, Karachi imported two consignments of imported dinner sets, included fancy dinner ... Read More »

PICT registers profit of Rs441.21m, announces cash dividend of Rs3 per share

KARACHI: Pakistan International Container Terminal (PICT) has declared a cash dividend of Rs3 per share for the quarter ended September 30. The company posted a net profit of Rs441.21 million, translating into the earnings per share (EPS) of Rs4.04 for the period under review as compared to the profit of Rs520.14 million and EPS of Rs4.77 in the same quarter ... Read More »

Clearing agents dissatisfied with incumbent KCAA body

KARACHI: The clearing agents have expressed their dis-satisfaction over the performance of recent body of Karachi Customs Agents Association (KCAA). Sharing their views with Customs Today, they alleged that the incumbent office-bearers of KCAA throughout the year adopted the policy of nepotism and favoritism. They were of the view that the KCAA office-bearers even did not raise their voice in ... Read More »

Govt asks civil servants to declare assets

ISLAMABAD: The Establishment Division has issued a circular to employees of all ministries and institutions asking them to declare their assets details. It is obligatory for all civil servants to declare their assets after the start of new fiscal year; however except from FBR, other employees of different ministries and institutions have not yet declared their assets despite passing more ... Read More »

Importers demand adequate seating arrangement in Appraisement-West

KARACHI: The importers and Customs agents have demanded proper seating arrangements in Model Customs Collectorate (MCC) Appraisement-West for the hearing of their cases. As per details, importers and customs agents have complained that they have to wait in long queues from morning to evening for the hearing of their cases as there was no proper seating arrangement in hearing halls. ... Read More »

Tug-of-war: FPCCI Office turns a battlefield among VPs

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Office has become battleground as clashes abrupt between companions of vice presidents and other officials on occupying the office room for vice president. A source told Customs Today that the main cause of the clashes was political nature as central leaders of FPCCI used the forum as political tool ... Read More »

Customs examines 725 containers in 3 days at KICT

KARACHI: The Pakistan Customs has examined record 725 containers in just three days from Sunday to Tuesday at Karachi International Containers Terminal (KICT). The KICT Assistant Collector Examination Usman Tariq, while talking to Customs Today lauded the efforts of customs officials on clearing 702 containers in three days at international terminal. He said that the Pakistan Customs has examined 259 ... Read More »

Halal Food Authority to boost exports to Middle East: Dastgir

ISLAMABAD: The Federal Minister for Commerce Engineer Khurram Dastgir Khan said that the draft for Pakistan Halal Food Authority has prepared by the Ministry of Science and Technology in consultation with Ministry of Commerce and other relevant institutions and will be presented to the Parliament soon. He said that approval of draft will resolve the issue of certification of Pakistani ... Read More »

Appraisement-East registers FIR against Cosmos Enterprises

KARACHI: The Research and Development (R&D) Section of Model Customs Collectorate (MCC) of Appraisement-East has registered an FIR against Cosmos Enterprises in its alleged involvement in tax evasion by clearing two consignments of miscellaneous goods from warehouse without paying the legitimate duty/taxes. The FBR sources informed Customs Today that the R&D Section of MCC Appraisement-East has nominated Abdullah, a clearing ... Read More »

Auditor General Pakistan starts expenditure audit of MCC Lahore

LAHORE: Auditor General of Pakistan (AGP) has started annual audit of expenditure of Model Customs Collectorate (MCC) Lahore. The AGP officials will conduct audit of expenditures of the MCC Lahore funds including petrol, maintenance of the vehicles expenditure, expenditures of the building, newspaper receipts, gas, electricity and waters bill. The audit officers of AGP office will complete audit report of ... Read More »

Customs Adjudication-I to issue 47 show-cause notices to fabric importers

KARACHI: The Collectorate of Customs Adjudication-I is going to issue 47 show-cause notices (SCNs) to fabric importers who involved in mis-declaration. According to details, the Office of the Collector, Collectorate of Customs Adjudication-I has to issue three show-cause notices to the importers and remaining show-cause notices to be issued by the offices of Additional Collector, Deputy Collector and Assistant Collector ... Read More »

Hyderabad Customs collects Rs 382.51m in July

KARACHI: The Model Customs of Collectorate (MCC) Hyderabad has collected an amount of Rs 382.51million in the month of July-2014 in share of Customs Duty (CD), Sales Tax, Federal Excise Duty (FED) and Withholding tax. According to details, the Hyderabad Collectorate has collected an amount of Rs 64.81 million in share of Customs Duty with the decrease of 56 per ... Read More »

MCC Export skips revenue target in July

KARACHI: The Model Customs Collectorate (MCC) of Export has failed to collect desirable revenue in July, first month of current fiscal year 2014-15. The FBR sources informed Customs Today that the MCC Exports had also missed revenue targets during the last fiscal year 2013-14 and now after claiming new efforts it missed the first month target of current fiscal year. ... Read More »

Customs to issue show-cause notices to fabric importers

KARACHI: The Collectorate of Customs Adjudication-I and II has been going to issue show-cause notices (SCNs) from the next week to the importers of textile fabric, involved in mis-declaration and tax evasion. The FBR sources informed Customs Today that the Collectorate of Customs Adjudication has prepared show-cause notices which will probably being issued to the parties from Tuesday. It further ... Read More »

FIR against appraiser: Customs I&I not on board with probing committee

KARACHI: The 6-member committee formed to investigate the aspects of First Information Report (FIR) lodged by the Directorate General of Customs Intelligence and Investigation against the appraiser Sarfaraz Bangash Zai in MCC Appraisement-West on his alleged involvement in clearing the consignments of oil by using unfair means, has yet to start its working due to absence of basic information of ... Read More »

IOCO issues 50 provisional certificates to importers

KARACHI: The Input-Output Co-efficient Organization (IOCO) has issued around 50 provisional certificates during a month, in which it allows the local importers to import raw material for manufacturing the products of local industries under concessionary regime with relaxation in customs duty related to the SRO 565(I)/2014. A FBR sources informed Customs Today that the list of the importers has yet ... Read More »

Job undone: Dar to face IMF next week

ISLAMABAD: Pakistan’s economic team lead by Finance Minister Ishaq Dar is likely to face criticism by International Monetary Fund (IMF) in Dubai next week on its failure to broaden the tax base in last fiscal year. A source from FBR told Customs Today that the talks with the IMF going to begin next week in Dubai and economic team may ... Read More »