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Tag Archives: QICT

Customs seeks court to summon Royal Packages

KARACHI: Model Customs Collectorate of Appraisement-East has requested the Sindh High Court (SHC) to summon M/s Royal Packages (Pvt) Limited for hearing in August. It is pertinent to mention here that the M/s Royal Packages has moved court against the charges of tax evasion in terms of customs duty, sales tax and income tax through claiming of inadmissible benefit of ... Read More »

Appraisers Association of MCC Appraisement-West meeting today

KARACHI: The Appraisers’ Association of Model Customs Collectorate of Appraisement-West has decided to hold a meeting today, regarding the issue pertaining to register FIRs against eight appraisers of Group-I and Group-IV in their alleged involvement in malpractices and using unfair means in clearing the consignments. The sources in MCC-Appraisement-West on condition of anonymity informed Customs Today that the appraisers association ... Read More »

Lahore ANF seizes 30.2 kg drugs, arrests 9 smugglers

LAHORE: The Anti-Narcotics Force (ANF) conducted operations in various areas of Lahore and seized huge quantity of charas and heroine and other drugs. The ANF Lahore intercepted Toyota Corolla Car No ADA- 310 (Sindh) at Rikhi Morr, Talagang Road, Mianwali and recovered 24 kg charas concealed in secret cavities of the car. Two drug smugglers namely Aman Ullah Khan and ... Read More »

FBR assesses legal provisions of budget 2014-15

ISLAMABAD: The Federal Board of Revenue (FBR) has started discussions on impacts of legal provisions presented in the budget for FY 2014-15. Government introduces legal provisions in the federal budget to facilitate FBR to meet the revenue collection target every year and then a process of review of impacts of legal provisions also continues throughout the year. A meeting in ... Read More »

Red card: No more tax exemptions to NGOs/NPOs

ISLAMABAD: Federal Government has withdrawn the tax exemptions provided to education institutions running under NGOs, NPOs and welfare trusts. Instead of that they will now receive 100% tax credit facility equal to their payable tax but private charity institution that were not active in welfare efforts will not eligible for this privilege too. The three mandatory conditions to get 100% ... Read More »

Customs denies smuggling under ‘official patronage’

HYDERABAD: The Model Customs House Jacobabad has denied the news item regarding “smuggling of contraband under official patronage” published in a section of english press. In a press release issued by the Customs House Jacobabad clarified that Customs staff at Jacobabad check-post were not involved in any kind of smuggling as per the strict instructions from FBR Member (Customs) and ... Read More »

Mobilink exposed: Customs blows the lid off another tax fraud

KARACHI: Country’s top telecom company Mobilink has been caught evading millions of rupees taxes and customs duty by mis-declaration in the import of DC Cabinet Air Conditioners while using Green Channel facility at Port Qasim. Customs Collectorate of Port Qasim has made contravention report against M/s Mobilink for deleberately mis-declaring the description and wrongly mentioning the PCT to avail Green ... Read More »

Development of WeBOC clearance system

BY RAFIULLAH BANGASH (ASSISTANT COLLECTOR): As part of its reform and modernization efforts, the erstwhile Central Board of Revenue (CBR) under the banner of Customs Administrative Reforms (CARE)  which replaced decades old, notoriously inefficient, manual system into a progressive computerized clearance system capable of catering to the present day demands of huge volume of cross border and international trade. With web based ... Read More »

Stuck consignments at ports: Importers worried due to delayed clearance

KARACHI: Over 100 consignments of textile fabric have been stuck at different ports and terminals including Karachi International Containers Terminal (KICT), Pakistan International Containers Terminal (PICT) and Port Qasim International Containers Terminal (QICT) for the last 20 days. Importers have expressed their deep concerns over the ongoing situation and were of the view that they may have to face losses ... Read More »

Problems myriad, resolve rock solid: Kamran Michael

ISLAMABAD: Federal Minister for Ports and Shipping Senator Kamran Michael stated that the efforts undertaken for the revival of the ministry and National Shipping Corporation had started bearing fruit. “99.9 percent corrupt and negligent officials have been replaced with honest, able and dedicated officers and a foolproof system has been put in place to improve performance of the workforce.” Talking ... Read More »

DGI&I Customs thwarts tax evasion of $1.5-2m on fake documents

KARACHI: Directorate General of Intelligence and Investigation Customs, Karachi Region has detected a massive case of tax evasion worth $1.5 million to $ 2 million on fake export documents i.e. Form-E used in five consignments. According to details, the DGI&I Customs, Karachi Region had received credible information that some unscrupulous exporters were trying to export goods on fake export documents. ... Read More »