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Author Archives: Mubeen Hussain

No pressure on valuation of imported goods, says DG Valuation Syed Tanveer Ahmad

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KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has said that the process to evaluate different items has been accelerated for the past sometime. Director General Customs Valuation Syed Ahmed said that vital steps were being taken to increase the efficiency of the department and the process to valuate any item was also being simplified. Taking with the Customs Today, ... Read More »

Customs officials to brief senators on transit trade today

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KARACHI: The Directorate General of Transit Trade has finalized all the arrangements to brief the Senate Standing Committee on Finance and Revenue on the overall progress of the department today. Director Transit Trade Wajid Ali held several meeting with the officer of the Directorate General of Transit Trade and finalized briefing to be given to the members of the Senate ... Read More »

DG Customs Valuation disposes of petition by M/s Marium Enterprises, M/s Noor Traders

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KARACHI: Director General Customs Valuation has disposes of a petition filed by M/s Marium Enterprises and M/s Noor Traders. The revision petition was filed under section 25-D of the Customs Act, 1969 against customs value determined vide valuation ruling No.859/2016 dated 25-05-2016 issued under section 25-A of the Customs Act, 1969. The Directorate General of Customs Valuation in the order ... Read More »

Chief Collector Appraisement South Rashid Shaikh for strict scrutiny of green channel consignments

Multan Customs clears 3,065 export consignments during ten months of financial year 2015-16‏

KARACHI: Chief Collector Appraisement South Abdul Rashid Shaikh directed the authorities to further boost up the scrutiny of the consignments being cleared through green channel. The chief collector took serious note of the complaints that importers and exporters were allegedly involved in dubious clearing of the consignment through green channel. Shaikh has directed the officials concerned to keep check and ... Read More »

Pakistan Customs, SBP finalise EIF module for imported consignments

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KARACHI: The State Bank of Pakistan, in collaboration with the Pakistan Customs, has finalized the operation meant for clearance of the imported consignments through Electronic Import Form (EIF) Following the SBP’s notification No F.E 1/2016-SB dated 26-07-2016 and F.E Circular No 05 dated 09-08-2016, Electronic Import Form (EIF) module has been rolled out. According to the notification, the first stage ... Read More »

DG Tanveer to review performance of Customs Valuation today

Syed-Tanveer-Ahmad

KARACHI: Customs Valuation Director General Syed Tanveed Ahmed to review over all progress of the department today. Sources informed that DG Syed Tanveed Ahmed has called a meeting to review the progress of the department after the vacations of Eid-ul-Azha. The officer of the department will give detailed briefing to the DG on overall performance. Syed Tanveed Ahmed would direct ... Read More »

Directorate General of Transit Trade seeks valid documents for bonded carriers

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KARACHI: Directorate General of Transit Trade has sought valid and complete documents of the bonded carriers using Pak-Afghan route for transit trade. The Directorate General of Transit Trade on the advice of the Federal Board of Revenue (FBR) has sought all the valid and complete documents of the bonded carriers that transport goods for Afghanistan. Source informed Customs Today that ... Read More »

SBP freezes bank accounts of former president Musharraf on FBR’s request

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KARACHI: The State bank of Pakistan, on the request of the Federal Board of Revenue (FBR), has frozen the bank accounts of former president Pervez Musharraf and sealed his property. According to the sources, the FBR requested the SBP to freeze the bank accounts of the former president. The sources also informed that the on the request of the FBR, ... Read More »

Containers likely to stick at terminals during Eid holidays

A truck drives past shipping containers at a port in Lianyungang

KARACHI: The work at the Pakistan International Container Terminal (PICT), Karachi International Container Terminal (KICT) and Qasim International Container Terminal (QICT) is slowing down day by day due to the shortage of labour and transporters. Sources informed Customs Today that the shortage of labour and transporters at the three terminals is slowing down the work as most of them have ... Read More »

DG Imtiaz Ahmad for stern action against importers involved in under invoicing, mis-declaration

DG Imtiaz Ahmad Khan Customs Intelligence

KARACHI: Directorate General of Custom Intelligence and Investigation has started preparing a document regarding the importers involved in under invoicing and mis-declaration. According to the source, the Director General of Customs Intelligence and Investigations (I&I) Imtiaz Ahmad has directed the officers of the Directorate General of Custom Intelligence and Investigation to step up scrutiny of the imported items even after ... Read More »

Chairman Nisar for transparent investigations into Panama Leaks scandal

FBR Chairman Nisar Khan

KARACHI: Federal Board of Revenue (FBR) Chairman Nisar Muhammad Khan has directed to keep the investigation process against the people involved in Panama Leaks scandal transparent. As per details, Chairman Nisar Muhammad Khan issued these directions during a short visit to Karachi where he held several meeting with the different heads of the departments in the Customs House, Karachi. During ... Read More »

Pak-Afghan trade to resume today through Chaman border

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KARACHI: Trade between Pakistan and Afghanistan, including transit trade, will resume today after closure of Pak-Afghan border for 14 days at Chaman. According to the details, the two sides decided to open the border crossing after successful negotiations. The Chaman border was closed on August 18 after a large number of Afghans miscreants pelted stones at the Friendship Gate, smashing ... Read More »

Acting DG Abdul Rasheed to issue new valuation for imported garments

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KARACHI: Acting Director General Customs Valuation Abdul Rasheed Shaikh has agreed on issuing new valuation ruling for the imported garments after a delegation of the All Pakistan Garments Importers Association (APGIA) and members of Customs Agents Association met him on Wednesday. Earlier, the acting director general customs valuation issued Order in Revision No 239/2016 under section 25-D of the Customs ... Read More »

DG Imtiaz steps up measures to stop money laundering

Imtiaz Ahmad Khan

KARACHI: Customs I&I DG Imtiaz Ahmad Khan will chair an important meeting regarding the money laundering cases during the current week in order to prevent such attempts in future. Source informed Customs Today that officers concerned will give a detailed briefing on the ongoing progress of the different cases related to money laundering during the meeting. The officers will also give ... Read More »

Collector Jawwad directs careful examination of imported items

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KARACHI: Research and Development (R&D) Section of the Customs Collectorate Appraisement-East has boosted the scrutiny of the items importable under S No 23 Appendix A of the Import Policy Order (IPO) 2013. According to e source, Collector Appraisement-East Ashad Jawwad has issued special directives for the examination of import goods. The source said that an alert has been issued to ... Read More »

Fate of VR No 886/2016 to be decided on August 31

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KARACHI: A delegation of All Pakistan Garments Importers Association (APGIA) and clearing agents will meet Customs Valuation acting Director General Abdul Rasheed Shaikh on August 31. During the meeting, the delegation will request the acting DG to amend the Valuation Ruling No. 886/2016. As per details, the same delegation met to DG Abdul Rasheed Shaikh last Friday and expressed its ... Read More »

DG Customs Valuation in Malaysia to attend seminar on ITFA

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KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has reached Malaysia to attend a seminar on the Implementation of Trade Facilitation Agreement (ITFA) where senior officials from other countries will also participate. Source informed Customs Today that the program will be held in cooperation with the US International Trade Administration. During the consultation process, the Malaysian, US, Pakistani and other ... Read More »

Acting DG Abdul Rasheed vows to settle garments’ valuation issues

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KARACHI: Customs Valuation acting Director General Abdul Rasheed Shaikh assured delegation of All Pakistan Garments Importers Association (APGIA) that their issues will be resolved as soon as possible. According to the details, the delegation of APGIA held a meeting with the acting director general and presented their grievances related to the valuation of the imported garments. During the meeting, the ... Read More »

China to build biggest shipping terminal at Karachi port

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KARACHI: China to build biggest shipping terminal at the Karachi Port Trust (KPT) as part of China Pakistan Economic Corridor (CPEC). According to the source, Hutchison Port Holdings Limited, owned by Hong Kong-based billionaire Li Ka-Shing, is all set to start work on Pakistan’s biggest Shipping Terminal to enhance the capacity and capability of the Karachi port. With the completion ... Read More »

Minister Ports and Shipping visits PMSA, applauds commitment, dedication of staff

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KARACHI: Federal Minister for Ports and Shipping Mir Hasil Khan Bizenjo along with the Director General Ports and Shipping visited the Pakistan Maritime Security Agency (PMSA) headquarters and discussed in detail the registration process of fishing boats and various other issues pertaining to maritime sector of the country. Representatives of various maritime sector organizations, including Pakistan Navy, Karachi Port Trust ... Read More »