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Tag Archives: Valuation Ruling

Importers wary of smuggling via ATT, discriminatory valuation guidelines

  KARACHI: Importers have once again expressed deep concerns over significant decline in trade activities due to alleged discriminatory implementation of valuation guidelines. The importers of Karachi, while sharing their views with Customs Today, said that the shifting of trade from Karachi port to dry ports in other cities is continued due to a significant difference in the customs values of ... Read More »

Importers face losses due to mismanagement at ports

KARACHI: The traders and importers have expressed concerns over filing of Import General Manifest (IGMs) by Shipping Lines and Port authorities, as the importers were paying hefty amount in form of demurrage and detention to the shipping lines due to alleged inefficiency of the authorities concerned. The importers were of the view that the shipping lines were not filing proper ... Read More »

Lahore Customs collects 86pc more duty than last year

LAHORE: The Model Customs Collectorate Lahore has detected 36 mis-declaration cases in the first two months of current fiscal year and collected Rs 11.62 million federal excise duty which was 86 percent more than the collections during same months of last year. Sources told that the customs also collected Rs 2367 million customs duty during July-August period, which was 33 ... Read More »

Chief Collector Nasir Masroor terms under-invoicing dilemma

KARACHI: Customs Chief Collector Appraisement-South Nasir Masroor Ahmed has said that the customs authorities issued valuation guidelines because principal appraisers and appraisers of the Pakistan Customs Services were not applying the customs values of commodities in proper way. He visited Karachi Chamber of Commerce and Industry (KCCI) on Wednesday. Collector MCC Appraisement-West Muhammad Saleem, Collector, MCC Appraisement-East Najeeb-ur-Rehman Abbasi, Collector ... Read More »

4 deputy collectors retiring this month: Deputy Collector Farhat

MULTAN: Multan Customs Deputy Collector Miss Farhat has said that four deputy collectors have been completing their service tenure in Multan customs office this month whereas a post of deputy collector is already vacant. Miss Farhat has expressed these views in an exclusive interview with Customs Today. She said that the Multan customs has collected Rs 10.69 billion import duty last ... Read More »

Importers dissatisfied over fresh valuation ruling of motorcycle parts

KARACHI: Importers and dealers of motorcycle spare parts have said that revised Valuation Ruling has failed to redress their grievances and concerns. Talking to Customs Today, the importers and dealers said that the Valuation Ruling 686/2014 dated September 15 was a mismatch of reduction and increase in the Customs values of the said motorcycle spare parts imports. They cited various ... Read More »

Director valuation Mahboob Saqib retires

LAHORE: The Directorate of Customs Valuation Director Mahboob Saqib Khan has retired from his services, attaining the age of superannuation in BPS-20. During his service Khan has contributed significantly in the development of the Customs Department. As chief TEPI and computer bureau, he upgraded the computer hardware and provided optic fiber based connectivity to all floors of the custom house. ... Read More »

Valuation ruling of aluminum foil issued

KARACHI: The directorate general of customs valuation has determined the customs value of aluminum foil through Valuation Ruling No.686/2014 under Section 25-A of the Customs Act, 1969. The directorate general of customs valuation initiated the exercise to determine the customs values of aluminum foil after it was brought into its notice that the subject goods were being imported at under-invoiced ... Read More »

Saudi Arabia to help set up ANF lab

ISLAMABAD: Saudi Arabia has offered financial assistance to Anti-Narcotics Force (ANF) for establishment of a state of the art laboratory to check sophisticated drugs. The ANF has started to search site for the laboratory in Rawalpindi. According to Anti-Narcotics Division Secretary Akbar Khan Hoti, ANF is deficient in tracing out narcotics and drugs being smuggled in or out through modern ... Read More »

FBR assigns Rs 20.7 billion yearly target for Appraisement Lahore

LAHORE: The Federal Board of Revenue (FBR) has finally assigned customs duty collection target to Model Customs Collectorate (MCC) Appraisement Lahore for the financial year 2014-15. According to details, MCC appraisement Lahore has been asked to collect total duty of Rs 20.73 billion for fiscal year 2014-15 which is 26 percent more than the last year target. The MCC Appraisement ... Read More »

Customs valuation of Fleece Fabric issued

KARACHI: The Directorate General of Customs Valuation has determined the Custom values of Fleece Fabric through Valuation Ruling No.683/2014 under Section 25-A of the Customs Act, 1969. The exercise to determine the Customs values of Fleece Fabric was initiated after it was brought in the notice of the Directorate General of Customs Valuation that Fleece Fabric is being imported from ... Read More »

Additional Collector Sami penalizes importer for mis-declaration

KARACHI: The Additional Collector Sami-ul-Haq of the Collectorate of Customs Adjudication-II has issued Order-in-Original (ONO) against the importer M/s O S Corporation for its involvement in mis-declaration of the description, value and classification of the imported goods and tried to evade the government duty/taxes amounting to Rs 992,121 while the value of offending goods recorded at Rs 4,960,214. In the ... Read More »

Excise Dept computerises 287,000 properties in Sialkot, Gujranwala

SIALKOT: The Excise and Taxation Department has computerised the record of 287,000 public properties in both Sialkot and Gujranwala districts under its upgradation plan. Now, the people of Sialkot and Gujranwala could check their properties’ record online. According to Director of Excise and Taxation Gujranwala Division Syed Ashiq Hussain Shah, the computerisation of the public properties would help in reducing ... Read More »

Dubai Customs seizure cases up 23pc in first half

DUBAI: Dubai Customs has raised collections from seized contraband as it has 23 percent more seizure case during the first half of this year than the same period of last year. As per details, Dubai Customs Passenger Operations Department has 1,037 confiscations during the first half of this year as compared to 843 seizures during the same period last year. ... Read More »

Customs judge remands 3 in fake ‘E’ form case

LAHORE: Customs Judge Tanveer Akbar sent three accused on a two-day remand for using fake ‘E’ form for foreign exchange on export in separate cases on Thursday. The court, accepting request of the customs investigation officer, granted remand of three accused, including clearing agents M Rashid, Nadeem and Wasim of Shipping and Freight Forwarders, on their alleged involvement in using ... Read More »

ANF recovers narcotics worth Rs 1.24 billion in 8 raids

ISLAMABAD: Anti-Narcotics Force (ANF) recovered drugs worth Rs 1.24 billion during eight operations at Islamabad, Rawalpindi, Mianwali, Peshawar, Khyber Agency and Karachi and recovered 1.2 ton of charas, 3 kg of heroin and 700 grams of opium, arresting 12 drug peddlers. According to details, ANF Peshawar raided a house in Khyber Agency and recovered 1210 kg of charas from the ... Read More »

TCS, Smart Zone multi-billion smuggling case hearing put off

ISLAMABAD: A special court headed by Customs Taxation and Anti-Smuggling Customs Judge Muhammad Ahmad Farooqi has postponed the hearing of the TCS and Smart Zone Company smuggling case as lawyers of the accused did not appear in the court. As per details, TCS former CEO Saqib Hamdani, Manager Logistics Ghazanfar Gul and Smart Zone Company Owner Shakirullah asked the court ... Read More »

US Customs seizes drugs worth $128K

SANTA TERESA: The US Customs has seized marijuana worth $128,000 and arrested two men in a raid by US Customs and Border Protection officers at the Santa Teresa port of entry. Customs intercepted two men, Armando Yanez Balbuena, 36, and Noel Oguer Aguirre Garcia, 40, who were entered the port from Mexico. Customs officers were screening vehicles when they noticed ... Read More »

Import goods theft at Ports becoming severe: Muffasar Malik

KARACHI: Acting President of the Karachi Chamber of Commerce and Industry (KCCI), Muffasar Atta Malik has expressed deep concern over rising incidents pertaining to theft of imported goods during examination and clearance from all ports of Karachi city, which causes severe losses to importers. In a statement issued, acting president urged Ports and Shipping Ministry and Chairmen of all ports ... Read More »

Customs not to clear 6 fabric trucks sans import documents

KARACHI: The Cloth Merchants Association has expressed deep concerns over the seizure of six trucks containing imported fabric during a raid conducted by FBR Directorate General of Customs Intelligence & Investigation Karachi and Pakistan Rangers near Allahwala Market, Lucknow Plaza. As per details, the association termed the raid “illegal” and alleged that the customs intelligence was misusing powers by breaking ... Read More »