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Tag Archives: Revenue

Chief Collector reviews MCC Preventive’s performance

KARACHI: Chief Collector of Enforcement-South Muhammad Nazim Saleem has held a meeting with the officers of Preventive Collectorate to review the measures taken in regard to various anti-smuggling activities and revenue generation. The meeting was attended by the MCC Preventive Collector Syed Muhammad Tariq Huda, Additional Collector-Headquarters-I Shafqat Ali Khan Niazi, Assistant Collector Headquarters-I Muhammad Wasif Malik and others senior ... Read More »

Customs to remain open on weekends till 8pm, Monday till midnight

KARACHI: Federal Board of Revenue through a letter C.No.2 (1) L&P/07 has issued directives that all Customs Houses and other subordinate offices of Model Customs Collectorates shall remain open on Saturday June 28 and Sunday June 29 till 8:00 pm and will remain open on Monday June 30 till 12:00 midnight. The letter further elaborated that the State Bank of ... Read More »

Customs officials seize auto parts among other items worth Rs1.5m

LAHORE: Customs Anti-smuggling wing has seized non-customs duty paid auto parts, goods and articles in two different raids at Multan Road and Shahdara worth Rs 1.5 million. Sources said that the Anti-smuggling wing impounded goods like plastic beads, laces and others worth Rs 0.7 million coming from Peshawar during a raid at Shahdara. They said that in another raid the ... Read More »

DI&I registers FIR against M/s Regent Enterprise, Customs officials in tax fraud

KARACHI: Directorate of Customs Intelligence and Investigation-Customs, Karachi has registered an FIR (First Information Report) against importer M/s Regent Enterprises, examining/assessment staff of MCC Appraisement-West in their alleged involvement in tax fraud by manipulating the Web-Based One Customs (WeBOC) computerised clearance system. The importer M/s Regent Enterprises deliberately got involved in mis-declaring of quantity, origin, value, weight and Unit of ... Read More »

FBR to collect Rs160b in one week

ISLAMABAD: Federal Board of Revenue has collected net taxes of Rs 2,217 billion until June 23. Rs 101 billion refunds and rebates are included in the sum. This takes the net revenue figures reach a total of Rs 2,116 billion. FBR has yet to collect Rs 159 billion in remaining one week of the current fiscal year ending on June ... Read More »

FBR serves final notice to beverage company, defaulter of Rs100m

SIALKOT: Federal Board of Revenue has issued final warning notice to a major defaulter beverage company giving a deadline for clearing its outstanding arrears until June 30, 2014. FBR is continuing its special recovery campaign to ensure the recovery from all the minor and major defaulters in the Gujranwala region by issuing them the final notices and warning them to clear their ... Read More »

Revenue collection worsens due to shipping companies’ behaviour

KARACHI: The situation of revenue collection may become further unpleasant for the Federal Board of Revenue due to the apathy of shipping companies in certain matters. FBR sources informed Customs Today that the shipping companies have not been calling for an Import General Manifest (IGM) number against the ship MOL, which was staying at Karachi International Containers Terminal (KICT) for ... Read More »

FBR chief yet to visit Customs House, Karachi

KARACHI: Federal Board of Revenue Chairman Tariq Bajwa is yet to visit Customs House, Karachi. FBR chairman is scheduled to hold series of meetings regarding the revenue collection status. Just a week remains before ending of the current fiscal year. FBR Chairman Tariq Bajwa will also visit the offices of Inland Revenue Service and Regional Tax Offices RTOs. Chief Collector ... Read More »

Customs wins legal battle over 10kg gold seizure from Iranian

ISLAMABAD: After struggle of twenty five years, Pakistan Customs has won the legal battle over confiscation of ten kilograms of smuggled gold worth tens of millions of rupees. Supreme Court of Pakistan has given its verdict over the confiscation of the gold from Iranian citizen Ghulam Hussain Ramzan Ali in favour of Pakistan Customs while rejecting his appeal. The Iranian ... Read More »

Member Customs visits Customs House, FBR chairman due today

KARACHI: Member Customs Nisar Muhammad Ali Khan has visited Customs House, Karachi. Strict security measures were witnessed during his visit to Customs House. Member Customs held several in-house meetings with Pakistan Customs officers related to field formations and Model Customs Collectorate of Preventive. It is pertinent to mention here that Federal Board of Revenue Chairman Tariq Bajwa was also scheduled ... Read More »

ASO confiscates smuggled goods worth Rs71m in 20 days of June

KARACHI: Anti-Smuggling Organization (ASO) of the Regional Directorate of Customs Intelligence and Investigation, Karachi has seized smuggled goods in 12 cases worth Rs 71,084,643 in 20 days of June in which duty/taxes involved of Rs 27,012,056. The Anti-Smuggling Organization, Karachi confiscated 16 Birla brand tyres and tubes of size 11.00-20 PR20 on June 1, imported from India. The consignment was ... Read More »

Revenue generation: FBR assigns special tasks to field formations

ISLAMABAD: Federal Board of Revenue has assigned special tasks to all the officers working in the field formations to achieve their respective revenue targets of the current fiscal year with a warning that if they fail to do so, they will be transferred. FBR has issued the directives while taking into consideration the current trend in revenue collections for fiscal ... Read More »

Rs264m non-duty paid vehicles, items seized during current FY

LAHORE: Anti-smuggling wing of Model Customs Collectorate of Lahore has seized smuggled vehicles and goods worth Rs 264 million in 314 cases, attaining a growth of 12 per cent during the period from July 2013 to June 2014 against Rs 236 million in 263 cases during the similar period last fiscal year. During the aforesaid period of the current fiscal ... Read More »

FBR seizes Umar Akmal’s bank accounts

LAHORE: Federal Board of Revenue has seized 4 accounts of cricketer Umar Akmal in Dubai Islamic Bank. Sources informed that Umar Akmal has to pay Rs 3.6 million to FBR as tax. They said that the cricketer has been evading tax for the last three tax years. Regional Tax Office Lahore has seized four account of Umar Akmal. Meanwhile, the ... Read More »

Customs striving for revenue recovery through speedy performance

KARACHI: MCC Appraisement-East, MCC Appraisement-West and MCC Port Muhammad Bin Qasim of Pakistan Customs while following the directives of Chief Collector Appraisement-South Nasir Masroor Ahmed have further hastened their revenue recovery in order to attain maximum revenue by the end of last month of fiscal year 2013-14. Official sources informed Customs Today that all the three Collectorates have sped up ... Read More »

FBR to collect over Rs130b in two weeks

ISLAMABAD: Despite dynamic efforts to achieve reduced revenue target after two revisions, Federal Board of Revenue appears to lag behind the mark as in the first sixteen days of June 2014, FBR has collected only Rs 91.676 billion. To meet the tax collection target, FBR is yet to generate over Rs 130 billion in two weeks. However, taking into consideration ... Read More »

MCC Appraisement-East issues SOPs for revenue recovery

KARACHI: Model Customs Collectorate of Appraisement-East on the directives of Collector Najeeb-ur-Rehman Abbasi has issued the Standard Operating Procedures (SOPs) for recovering of evaded duty/taxes to all the departments concerned. FBR sources informed Customs Today that the SOPs have been circulated in the entire section of Research and Development (R&D) with a view to ensure speedy recovery of the national ... Read More »

Adjudication-II issues ONO against M/s Hinah Impex on mis-declaration

KARACHI: The Collectorate of Customs Adjudication-II has issued Order-in-Original (ONO) against the importer M/s Hinah Impex in case of mis-declaration on import of wedding material having total cost of $ 45,120. The importer has attempted to evade the revenue amounting to Rs 1,420,591 while the goods valued to the tune of Rs 4,524,456. A penalty of Rs 300,000 is imposed ... Read More »

MCC Appraisement-East initiates survey for detecting SRO violation

KARACHI: Research and Development (R&D) Section of the Model Customs Collectorate of Appraisement-East has initiated a survey of the industrial and manufacturing units by following the directives of MCC Appraisement-East Collector Najeeb-ur-Rehman Abbasi. Collector Najeeb-ur-Rehman Abbasi has issued clear directives to the R&D Section officers in order to conduct a thorough survey of the industrial and manufacturing units to detect ... Read More »

MCC Appraisement-West holds series of auctions to achieve revenue target

KARACHI: Model Customs Collectorate of Appraisement-West on the directives of Collector, Muhammad Saleem has issued an auction schedule for the imported vehicles and general cargo. According to the schedule, the auction of confiscated vehicles and general cargo is to be held until June 24, 2014 at different terminals including Al-Hamd Warehouse, BOML West Wharf and SNK Bond Warehouse. Auctions of ... Read More »