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Author Archives: M Hayat

Peshawar Customs to hold auction of NDP vehicles today

Gul Rehman

PESHAWAR: Collectorate of Customs will hold auction of non-duty paid vehicles which were impounded by customs anti-smuggling squads during various operations today. Sources told Customs Today, that auction will be held at 10 a.m. Different parties will take part in the auction which will held on “as is where is basis”. The vehicles will be offered for auction includes Mercedez ... Read More »

Govt to make payment of refund claims in February: Rana Afzal

Rana-Muhammad-Afzal-Khan

LAHORE: The government will start payment of refund claims to textile exporters from February, said Minister of State for Finance and Economic Affairs Rana Muhammad Afzal Khan on Monday. Addressing an emergent meeting of the Pakistan Hosiery Manufacturing and Exporters Association (PHMA) North Zone, he said the government was already making efforts to cut down the prices of electricity and ... Read More »

Burdensome customs procedures, inefficient port operations increase cost of business: FPCCI

Business-Opportunity

LAHORE: Excessive document requirements, burdensome customs procedures, inefficient port operations and inadequate infrastructure and extra-ordinary delays in release of refunds all lead to additional costs and delays for exporters. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Vice President and Regional Chairman Ch Arfan Yousaf expressed these views while talking to a delegation of Bahawalpur Chamber of Commerce and ... Read More »

Importers express concern over violation of sections 25, 32-A by Customs I&I

Shaukat Ali

LAHORE: Importers and businessmen have expressed concern over gross violation of sections 32-A and 25 of the Customs Act 1969 that forbade anyone from reassessing and reevaluating the goods and articles once cleared by the customs authorities at the ports, including Karachi and Port Mohammad Bin Qasim. Talking to Customs Today, an importer said that it is illegal and unlawful ... Read More »

FBR asked to expedite process of income tax exemption certificates

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LAHORE: The Progressive Group of businessmen and importers has demanded of the Federal Board of Revenue (FBR) to expedite process of issuance of Income Tax Exemption Certificates under sections 153 and 159 of the Income Tax Ordinance 2001 on imports.  “When the tax is being collected in advance than why so much hurdles and delays in issuance of exemption certificates?” ... Read More »

FBR starts survey to detect real income of jewelers in Lahore

fbr find 458 person smugling and tax defaulters

LAHORE: The Federal Board of Revenue (FBR) has started a survey to detect the actual income of renowned jewelers shops of Lahore city. Sources told Customs Today that during this survey, FBR teams have prepared a list of 300 jewelers who are earning in billions but avoiding to pay taxes willfully. Sources said that these jewelers are using “parchi” system ... Read More »

Mehreen Naseem made Customs I&I Additional Director

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LAHORE: In pursuance of Federal Board of Notification No.3243-C-I/2017, dated 15.12.2017, Ms. Mehreen Naseem, a PCS/BS-19 officer, has relinquished the charge of the post of Additional Collector (BS-19), office of the Chief Collector Customs Central, Lahore with effect from 08.01.2018 and assumed charge of the post of Additional Director (BS-19), Directorate of Intelligence & Investigation-FBR, Lahore on the same date. ... Read More »

Federal Board of Revenue undertakes transfers/postings

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ISLAMABAD: The Federal Board of Revenue (FBR) has undertaken transfers/postings of the officers of Inland Revenue Service (BS-18 & 19) with immediate effect and until further orders. Dr. Erfa Iqbal (Inland Revenue Service/BS-19) has been transferred from Secretary, Federal Board of Revenue (Hq), Islamabad to Lahore as additional commissioner Inland Revenue Regional Tax Office II, Lahore, Shehzad Mehmood (Inland Revenue ... Read More »

Customs Preventive foils attempt to smuggle heroin from Lahore airport

US Customs seizes heroin

LAHORE: Collectorate of Customs Preventive team deputed at Allama Iqbal International Airport foiled an attempt to smuggle two and half kilogram of heroin. Sources told Customs Today that Collector Customs Preventive Faiz Ahmad received credible information that some passengers were trying to smuggle heroin. He immediately conveyed the same information to customs team which enhanced vigilance on international Departure and ... Read More »

DG ANF appreciates customs team for foiling smuggling attempt at Lahore airport

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LAHORE: Director General Anti-Narcotics Force (ANF) Punjab Major General Mussarat Nawaz on Friday visited the Allama Iqbal International Airport and held a meeting with customs staff who successfully foiled a smuggling attempt of heroin by a Czech lady on Wednesday. DG Anti-Narcotics Force appreciated the performance of Customs Preventive team deputed at Allama Iqbal International airport. Sources told Customs Today ... Read More »

Collector Preventive Faiz Ahmad undertakes transfers/postings

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LAHORE: Collectorate of Customs Preventive Collector Faiz Ahmad issued orders for immediate transfers of postings and transfers which includes superintendent, deputy superintendent and inspectors deputed at Air Freight Unit (AFU), Railway Station T-10, Wagha Border, Land Freight Unit, Anti Smuggling Organization, General Post Office. According to a notification Superintendent Syedzada Alamdar Hussain, Amjad Ali Chaudhary, Nasir Mehmood Tarar, Ghulam Jaffar, ... Read More »

Arfan Yousaf takes charge of FPCCI regional office

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Vows to resolve taxes, regulatory duty, customs, smuggling, refund & rebate issues LAHORE: Newly-elected Vice-President and Regional Chairman of Federation of Pakistan Chamber of Commerce Industry (FPCCI) Chaudhry Arfan Yousaf has said that he is well aware of the current issues of business community and efforts would be made in order to resolve all their issues relating to taxes, regulatory ... Read More »

Revenue collection fell down in FY 2016-17, expenditures shoot up: Ismail Miftah

Chairman BOI MIftah Ismail

LAHORE:  The last financial year 2016-17 was not good as the revenue collection showed a shortfall and expenditures shoot up and the deficit reached at 5.8 percent. These views were expressed by Miftah Ismail, the Adviser to the Prime Minister for Finance, Revenue, and Economic Affairs with the status of Federal minister while responding to the questions of reporters at ... Read More »

Customs Intelligence impounds NDP vehicles, computer accessories

RUBAB SIKANDAR

LAHORE: Directorate of Customs Intelligence and Investigation team impounded two non duty paid vehicles and computer accessories in two different operations. Sources told Customs Today, that Director Customs Intelligence and Investigations Rubab Sikander received credible information about some smuggling and attempts and non duty paid vehicles which are being plyed on roads. She immediately constituted a ASO team under the ... Read More »

Customs Central Region posts 41pc growth in customs duty collection

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  Chief Collector Zeba Hai Azhar attributes record high growth to teamwork of all four collectors LAHORE: The Customs Central Region has successfully posted a positive growth of 41 percent in collection of customs duty by collecting Rs 29,058 million during the first half of the financial year 2017-18 against collection of Rs 20,536 million during the same period of ... Read More »

Customs Appraisement posts growth of 42pc in CD collection

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Collector Jamil Nasir instructs to extend maximum facilitation to importers & exporters for speedy clearance of goods LAHORE: Collectorate of Customs Appraisement has posted a growth of 42 percent in customs duty by collecting Rs 16,880 million from July 2017 to December 2017 against Rs 11,888 million collected during the same period of the last year. Collector of Customs Appraisement ... Read More »

Customs Preventive foils bid to smuggle heroin from Lahore airport

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LAHORE: Collectorate of Customs Preventive team deputed at Allama Iqbal International Airport foiled an attempt to smuggle heroin during two different operations. Sources told Customs Today, that Collector Customs Preventive Faiz Ahmad received credible information about some smuggling attempts. He immediately directed anti-smuggling squads deputed at Allama Iqbal International Airport to enhance vigilance on Arrival Lounge and Departure Lounge of ... Read More »

FBR sends notice to stage actress Nida Chaudhary

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  LAHORE: Federal Board of Revenue (FBR) detected secret bank account of renowned stage actress Nida Chaudhary and issued her notice. Sources told Customs Today, that FBR directed stage actress to clear the outstanding amount of taxes and duties amounting to Rs73,68,575. Sources told that Nida Chaudhary failed to provide her income details from 2015. FBR recovery team detected the ... Read More »

Regulatory duty needs to be withdrawn to save industrial sector: Zeeshan Khalil

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LAHORE: Regulatory duty on essential goods should be withdrawn as it would not only affect the industrial sector but would also open the floodgates of smuggling in the country. These views were expressed by Zeeshan Khalil, Vice President, Lahore Chamber of Commerce and Industry, while talking to Customs Today here the other day. He said smuggling and under invoicing are ... Read More »

Customs Preventive foils bid to smuggle non-duty paid eye-lenses from AIIA

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LAHORE: Collectorate of Customs Preventive team deputed at Allama Iqbal International Airport foiled an attempt to smuggle non duty paid eye-lenses. The market value of seized eye-lenses in international market is Rs6 million. Sources told Customs Today that Collector Customs Preventive Faiz Ahmad received credible information that 3000 non duty paid eye lenses were being smuggled through Allama Iqbal International ... Read More »