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Home / Author Archives: M Hayat

Author Archives: M Hayat

Trust in investors, businessmen must for stable, strong economy: LCCI chief Abdul Basit

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Says govt, FBR should change their attitude toward traders & adopt congenial, business friendly policies LAHORE: In order to make the county’s fragile and delicate economy stable and strong, the businessmen and investors must be respected, trusted and given level playing field to operate, said Abdul Basit, the president of Lahore Chamber of Commerce and Industry (LCCI), the other day. ... Read More »

Customs ASO seizes huge quantity of non-duty paid mobile phones from Thokar Niaz Baig

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LAHORE: Collectorate of Customs Preventive anti-smuggling team seized a huge quantity of non-duty paid mobile phones from Thokar Niaz Baig. Sources told Customs Today that Collector Customs Preventive Faiz Ahmad received information that a big quantity of non-duty paid mobile phones were being smuggled and would be dumped in local market. He immediately constituted a team under the supervision of ... Read More »

United States eager to contribute to Pakistan’s progress, says envoy

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LAHORE: US Consul General Elizabeth Kennedy Trudeau called on Chief Executive Officer (CEO) PBIT Jahanzeb Burana.  During the meeting, different matters of mutual interest came under discussion, including promotion of the Punjab-US trade relations and enhancement of bilateral cooperation in different sectors. While addressing the meeting, US Consul General complimented the warm ambiance of the city as well as its ... Read More »

People should voluntarily come into tax net: FBR Member IT Khawaja Adnan

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LAHORE: Federal Board of Revenue (FBR) Member Information Technology (IT) Khawaja Adnan Zaheer has said that the people should voluntarily come into the tax net as the number of taxpayers is alarmingly low in the country. Addressing businessmen at the Lahore Chamber of Commerce and Industry (LCCI), the Member IT also urged traders to convince their employees to file their ... Read More »

Deputy Collector Farid orders release of vehicle after payment of duty, taxes

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LAHORE: Collectorate of Customs Adjudication Deputy Collector Mohammad Hasan Farid has directed the release of a non-duty paid Toyota Land Cruiser bearing registration No. JA-191 (Islamabad) after payment of duty and taxes. According to the details, the anti-smuggling staff of the Customs Preventive intercepted a Toyota Land Cruiser bearing registration no: JA-191 (Islamabad) near Bhordwala Chowk, Allama Iqbal Road Lahore. ... Read More »

FBR receives 1000 returns so far: FBR Member IT  Khawaja Adnan

Chief Commissioner Adnan Zaheer

LAHORE: Federal Board of Revenue (FBR) Member Information Technology (IT) Khawaja Adnan Zaheer presided over an awareness campaign on e-filing of returns by the taxpayers at the Regional Tax Office on Monday. A good number of representatives from the corporate sector, besides the officers from the corporate region and RTO-II, attended the workshop. Addressing the participants FBR Member IT made ... Read More »

Customs Central Region collects Rs 2,503m duty, taxes in 15 days of September

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LAHORE: Customs Central Region has collected Rs 2,503 million all duty and taxes during the first 15 day of September of the financial year 2016-17. As per details, the Customs Appraisement Lahore collected Rs 911 million during period under review while Customs Preventive Lahore collected Rs 835 million during the same period. On the other hand, the Collectorate of Multan ... Read More »

Customs GPO seizes banned drug worth millions of rupees

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LAHORE: Customs Preventive team deputed at General Post Office (GPO) foiled bid to smuggle 500 tablets of a banned drug from Holland. The official sources told Customs Today that the customs team searched a parcel arrived from Holland and recovered drugs in the name of Jally Candy worth millions of rupees. The Customs Preventive team said that one Akhatar Ali ... Read More »

Customs urged to ensure early refund of duty drawback claims

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LAHORE, Pakistan Tanners Association (Northern Zone) Chairman Azam Malik has demanded the customs authorities ensure early refunds of duty drawback claims to leather exporters in Punjab, especially in Lahore and Multan. He told media here that exporters based in Lahore and Multan are badly hit by liquidity crisis due to non-refunding of their claims. Malik said that the association held ... Read More »

Customs Preventive foils bid to smuggle foreign currency to China

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LAHORE: Collectorate of Customs Preventive team deputed at Allama Iqbal international Airport foiled an attempt to smuggle millions of rupees foreign currency to China. Official sources told Customs Today said that on suspicion the customs authorities questioned a passenger, Imtiaz Jillani if he was travelling with anything illegal but he replied in negative. The authorities, however, said that when the ... Read More »

Customs Central Region collects Rs 855m customs duty during first ten days of September

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LAHORE: The Customs Central Region has collected Rs 855 million customs duty during the first ten days of September. As per details the Customs Appraisement Lahore collected Rs 407 million under the head of customs duty during the period under review while Customs Preventive collected Rs 249 million during the previous month of August. On the other hand, the Customs ... Read More »

Instructions regarding imports made on open account basis revised

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LAHPORE: Importers are allowed to make payments against imports on open account basis as Pakistan Customs has strengthened the monitoring of imports into Pakistan and related payments, thus, the possibility of multiple payments against single import consignment through different banks stands eliminated. According to the details, in order to facilitate international trade, the State Bank has dispensed with the requirement ... Read More »

Govt seeks details from customs dept of officials having foreigner wives

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LAHORE: Government sought complete details of all those officials who are performing their duties in BS-19 to BS-22 grade and having foreigner wives. Sources told Customs Today, the government also asked about the complete details of those female employees who are working in custom department and their husbands are already have dual nationality. Sources told that these officials are requested ... Read More »

Extension in subsidy on export of wheat, products permitted till Oct 31st

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  LAHORE: Government of Pakistan’s Notification No. 4-12/2014/DFSC-II/Wheat Export dated June 22, 2017 the ECC of the cabinet has approved extension in export period for export of wheat/wheat products (flour (aata), fine suji and maida) beyond March 15, 2017 till August 31, 2017 subject to the term and conditions mentioned therein. According to the notification, attention of the authorized dealers ... Read More »

Customs Intelligence recovers non-duty paid cloth, cosmetics from two containers

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LAHORE: A team of the Directorate of Customs Intelligence and Investigation has recovered a hue quantity of non-duty paid cloth and cosmetics from two containers which were coming from Karachi. Sources told Customs Today that Director Customs Intelligence and Investigation Rubab Sikandar received information that two distributors of Shah Alam Market, Saeed Khan and Jalal Khan, brought a huge quantity ... Read More »

Collector Adjudication Ambreen serves show cause notice on potatoes importer

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LAHORE: Collector of Customs Adjudication Ambreen Ahmed Tarar has issued a show cause notice to M/s Haji Shabbir for evading duty and taxes. According to the details, M/s Haji Muhammad Shabbir, Chaudhary Nazir & Company (NTN 3781437) imported 38 consignments of potatoes from 26.6.2014 to 6.8.2014. The importer had deliberately claimed the benefits of SRO 549(I)/2008 dated 11.6.2014. The show ... Read More »

FMCG Importers Association for early passage of Service Provider Regulatory Bill 2012

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LAHORE: Pakistan FMCG Importers Association has urged the government to table ‘Service Provider Regulatory Bill 2012’ in  parliament at the earliest aimed at setting up a single regulatory body to check performance of shipping lines and save importers from various hassles. During a meeting with Minister of State for Port & Shipping Jaffer Iqbal, Pakistan FMCG Importers Association’s Vice Chairman ... Read More »

Deputy Collector orders release of vehicle after payment of duty, taxes

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LAHORE: Collectorate of Customs Adjudication Deputy Collector Mohammad Hasan Farid has declared the seizure of a non-duty paid Toyota Land Cruiser as legal. According to the details, superintendent Customs Anti Smuggling Organization vide Contravention Case No. 140/2017 dated 3.6.2017 endorsed vide C. No. 01/ASO-114/2017/458 dated 6.6.2017 are that pursuant to an information on 5.5.2017, the customs staff of ASO as ... Read More »

Deputy Collector Adjudication Hasan Farid declares seizure of NDP vehicle legal

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LAHORE: Collectorate of Customs Adjudication Deputy Collector Mohammad Hasan Farid has issued an Order-in-Original (ONO) no: 237/2017 by declaring the seizure of non duty paid Honda Civic car as legal. According to the details, Superintendent Anti Smuggling Organization forwarded the case to Customs Adjudication by stating that on 4.4.2017 the Anti Smuggling staff intercepted a Honda Accord bearing registration no: ... Read More »

Port, shipping related issues of importers, exporters to be resolved on priority basis: Jaffer Iqbal

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LAHORE: Port and shipping related issues of Pakistani importers and exporters would be resolved on priority basis. These views were expressed by Minister of State of State for Ports & Shipping Chaudhry Jaffer Iqbal while talking to LCCI President Abdul Basit, Senior Vice President Amjad Ali Jawa and Vice President Muhammad Nasir Hameed Khan at the Lahore Chamber of Commerce ... Read More »