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Tag Archives: smuggling

ICCI urges govt to improve tax structure

ISLAMABAD: Islamabad Chamber of Commerce & Industry (ICCI) has demanded the government to improve tax structure for developing business and investment. The acting President, Islamabad Chamber of Commerce & Industry Muhammad Ali Mirza said that the existing tax structure discourages investment and encourages rent seeking. “A better tax system would help to improve economic growth of the country, but unfortunately, ... Read More »

Dastgir briefs Parliament on trade ties with India

ISLAMABAD: Minister for Commerce Engineer Khurram Dastgir Khan told the Lower House of the Parliament that the government has been addressing the reservations and concerns of business sector regarding granting the most favorite nation (MFN) statute to India. “Overall normalization of trade ties with India will be in favor of Pakistan both in short term and long term basis” he ... Read More »

Customs seizes non-PVC cable worth Rs 10 million

LAHORE: Customs Investigation and Intelligence (I&I) Lahore has seized a container of non-PVC cable worth Rs 10 million from a warehouse. Sources said that the cable container was confiscated as the owners failed to produce its documents. They said that the cable was imported by an importer for Peshawar in raw form which is 100 percent duty free but the ... Read More »

FBR to issue tax cards to 850,000 filers

ISLAMABAD: Federal Board of Revenue (FBR) will issue tax cards to about 8, 50,000 filers of tax returns which would help taxpayers to get tax favor on vehicles and property sale/purchase. FBR acting Chairman Shahid Hussain Asad told Customs Today that issuing of tax cards would benefit tax payers and they will get favors and exemptions on their withholding taxes. ... Read More »

Discount facility ended on car token tax

Multan: The discount facility on the token tax of motor cars by Excise and Taxation Department has ended during Eid holidays and now motor car owners have to pay double fee of token tax as fine. The token tax of motor vehicles has been an important source of levy collection for Tax and Excise Department. It brings considerable revenue and ... Read More »

Vehicle amnesty scheme: FBR yet to take action against culprits

Multan: The Federal Board of Revenue (FBR) has failed to take action against the Customs officials involved in clearing thousands of Vehicles through vehicle Amnesty Scheme despite of the fact that court canceled the said scheme. According to detail, FBR has yet not taken any action against customs officials involved in illegal clearance of more than 52000 vehicles through vehicles ... Read More »

Customs to introduce X-Series for air traffic

KARACHI: Pakistan Customs is going to introduce latest X-Series by the beginning of the year 2015 for making the connectivity between airports and Pakistan Customs more effective in terms of filing Import General Manifest (IGMs). A FBR sources confirmed Customs Today that the Pakistan Customs with the collaboration of Emirates Airlines and International Air Transport Association (IATA) will start its ... Read More »

TCS, Smart Zone smuggling scandal: DG I&I pressurized to stay away from case

ISLAMABAD: Director General Customs Intelligence and Investigation (I&I) Lutfullah Virk has ordered Deputy Director Customs Shahid Jan to take strict action as per law against TCS and Smart Zone Company for their alleged involvement in smuggling. As per details, owners of TCS and Smart Zone companies had tried to put pressure on DG I&I through different means but he rejected any ... Read More »

PIA, Shaheen Airline, Air Blue take stay order

KARACHI: The Pakistan Customs has been trying to recover the legitimate tax money from Pakistan International Airlines (PIA), Shaheen International Airlines, Air Blue and a Chinese cellular company. An officer in Legal Department of Pakistan Customs has revealed while sharing his views with Customs Today that billions of rupees were due on private, national airlines and a Chinese cellular company ... Read More »

Mobilink served show cause notice for tax evasion

KARACHI: The Collectorate of Customs Adjudication-I has served show cause notice to M/s Pakistan Mobile Communication Limited (Mobilink) for its alleged involvement in mis-declaration and huge evasion of customs duty and other taxes. The company evaded about Rs 6.99 million in share of customs duty, sales tax, additional sales tax, regulatory duty and withholding tax. According to details, the Model ... Read More »

Hyderabad Customs reluctant to fill vacant seats

HYDERABAD: Hyderabad Customs has failed to appoint new officers on many vacant seats tax officers even after passing 40 days. Also new appointed officers have yet not assigned duties and they are confused about their authority. On the other hand, taxpayers were also facing difficulties regarding submission of their tax returns and other tax related operations because the shortage of ... Read More »

Iranian POL products smuggling into Pakistan continues, FBR tells Senate

ISLAMABAD: Despite hectic efforts and introduction different strategies, the smuggling of petroleum, oil and lubricants (POL) products into Pakistan through Iran and Afghanistan borders is continued unabated. According to the FBR statement submitted to the upper house of the parliament in response to a question, the board claimed that it was very sensitive to smuggling of the Iranian POL products. ... Read More »

MCC Sialkot’s efforts increase exports 17.1%: Qurban Ali

SIALKOT: Collector of Customs Sialkot Qurban Ali Khan while talking to Customs Today said that exports from Sialkot region has increased about 17.1 percent during FY 2013-14 due to provision of advance facilities and rapid clearance of consignments by Model Customs Collectorate. He said that volume of exports from Sialkot Dry Port Trust (SDPT) and Sialkot International Airport has increased ... Read More »

KSA Customs seizes 5m Captagon pills

RIYADH: Customs officers on the Kingdom’s northern borders have thwarted an attempt to smuggle nearly 5 million Captagon pills hidden in egg trays within a consignment of goods sent through the border point. Haditha Customs Director General Ibrahim Al-Enezi told media that the pills were found to be hidden inside egg tray cartons loaded onto trucks. He said that the ... 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 »

Multan Customs I&I seizes cloth worth Rs9.3m

Multan: Customs Intelligence and Investigation (I&I) seized imported cloth of worth Rs9.3 Million on misdeclaration. As per detail, Customs I&I Multan raided a container on a tip of informer. The seized cloth was declared as imported from Europe but it found as imported from China in invoices. Deputy Director Custom’s intelligence and investigation (I&I) Nisar Ahmad has instructed all officials ... Read More »

Pak Customs guarding borders against smuggling: Collector

SIALKOT: Collector Model Collectorate of Customs Sialkot Qurban Ali  Khan said that Pakistan Customs has been guarding Pakistani borders against smuggling and facilitating the legal trade. Talking to the Customs Today at his office Mr Qurban said that the Pakistan Customs has been trying to assist FBR in his revenue collection efforts in the form of duty recovery on goods traded ... Read More »

Investigations underway against TCS and Smart Zone on duty evasion charges

ISLAMABAD: Investigations have been instigated against The Courier Services (TCS) and Smart Zone Company for their alleged involvement in smuggling of electronic gadgets under cover of Afghan Transit Trade here the other day. As per details, TCS with collaboration of Smart Zone Company allegedly imported electronic gadgets worth millions under Afghan Transit cover without paying duty. Directorate General Customs Intelligence ... Read More »