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Author Archives: Sohail Rab

DG Transit Trade announces schedule for auction of confiscated goods

Farid-Maneka

KARACHI: The Directorate General of Transit Trade has announced the auction schedule for the fiscal year 2014-15. According to details, the authorities concerned of Directorate General of Transit Trade has announced to hold auction of different commodities from June 22, 2015 till the end of current fiscal year 2014-15 on daily basis. The auctioned commodities are including electronics, crockery, sanitary, ... Read More »

Member IT to deliver presentation on ‘Introduction to Registration Module of IRIS’ on June 25

taxes

KARACHI: The CPE Committee of Karachi Tax Bar Association (KTBA) is going to organize a seminar on “Introduction to Registration Module of IRIS” on Thursday June 25, 2015 at Auditorium of Regional Tax Office (RTO) at 12th Floor. According to details, member (IT) and secretary (IT)-Federal Board of Revenue-FBR Raana Ahmed would deliver the presentation on the theme “Introduction to ... Read More »

Karachi Customs to expedite process of auction from next week

auction

KARACHI: The authorities concerned of Model Customs Collectorate-MCC Appraisement -West, while following the directives of Collector Muhammad Saleem, has expedited the process of auction at different terminals, it is learnt here. Sources informed Customs Today that the Collector-MCC Appraisement -West Muhammad Saleem has issued clear instructions to the authorities concerned of the Collectorate to remove all back-logs related to confiscated ... Read More »

Customs Adjudication-I puts off Rs 20m tax evasion case against Warid Telecom

tax evasion

KARACHI: Collectorate of Customs Adjudication-I Collector Farid Iqbal Qureshi on Saturday conducted the hearing into tax evasion case linked to M/s Warid Telecom. The departmental representatives (DRs) of both the sides – M/s Warid Telecom and Directorate General of Customs Intelligence and Investigation – were present during the hearing. The Customs Adjudication-I collector listened to the para-wise comments of both ... Read More »

Customs beefs up surveillance at Karachi Airport to detect money-laundering, smuggling cases

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KARACHI: The authorities of Model Customs Collectorate-MCC Preventive, while following the directives of Chief Collector-Enforcement-South Muhammad Nazim Saleem, have beefed up security and surveillance at the arrival lounge of Jinnah International Airport after the seizure of 2.9 kilogram assorted gold jewelry from a couple, few days ago. Sources informed Customs Today that the Chief Collector-Enforcement-South Muhammad Nazim Saleem has asked ... Read More »

Karachi: Importers, trade bodies seek increase in time for hearing of cases

IMPORT EXPORT

KARACHI: The importers and other trade bodies have demanded the authorities concerned of MCC-Appraisement-West and MCC-Appraisement-East to increase the timings for hearing of the cases. According to details, the importers were of the view that the authorities concerned of MCC-Appraisement-West and MCC-Appraisement-East have fixed the hearing timings up to 4pm daily for hearing the cases of importers, visitors and trade ... Read More »

Karachi: Customs PCA not able to pursue legal cases due to shortage of staff

shortage

KARACHI: The Directorate General of Post Clearance Audit (PCA) (Customs) is facing immense difficulties in pursuing the legal cases in the Collectorate of Customs Adjudication, Sindh High Court (SHC) and other respective courts due to shortage of staff. Sources informed Customs Today that the acute shortage of manpower in the Directorate General of Post Clearance Audit does not allow it ... Read More »

Karachi: Renovation work of Eduljee Dinshaw Road in full swing

MUghalpura-dry-port-road-660x330

KARACHI: The renovation work of Eduljee Dinshaw Road outside the Custom House is in full swing and the road has been closed for public transport in order to ensure early completion of the renovation and up-gradation work. According to details, the light towers for illuminating the entire road have been installed while pavements with colored bricks have also been prepared ... Read More »

Revenue recovery: Chief Collector Nasir to meet officials of all collectorates

Nasir-Masroor

KARACHI: Chief Collector Appraisement-South Nasir Masroor Ahmed is going to hold revenue related meetings next week, with the officials of all three field formation collectorates including Model Customs Collectorate Appraisement-West, Appraisement-East and Port Muhammad Bin Qasim. Sources informed Customs Today that the chief collector would hold separate meeting with the authorities concerned. The sources further said that the chief collector ... Read More »

ANF efforts to curb smuggling of narcotics, rehabilitate drug addicts hailed

narcotics

KARACHI: SM Muneer, Chief Executive Officer (CEO) of the Trade Development Authority of Pakistan (TDAP), has said that armed forces have successfully taken control of South Waziristan and good things for the country are ahead. He was expressed these views at a fund-raising ceremony for rehabilitation of drug addicts jointly organized by TDAP and Anti-Narcotic Force (ANF) at a local ... Read More »

Collectorates to send reward lists of employees to FBR next week

FBR 18

KARACHI: Officials of all the field formation Collectorates and directorates have almost finalized reward lists of their employees and will send the same to the Federal Board of Revenue (FBR) Headquarters by next week. Sources informed Customs Today that the MCC-Appraisement (West), MCC-Appraisement (East), MCC-Preventive, MCC-Port Muhammad Bin Qasim, Collectorate of Customs Adjudication I&II, MCC-Exports, Directorate General of Customs Intelligence ... Read More »

Customs collectorates, directorates finalize list to reward employees for exceptional performance

reward

KARACHI: The field formation Collectorates and directorates, customs have almost finalized the list of reward winning employees/officials and will send those lists to the Federal Board of Revenue (FBR) headquarters by the advent of next week. Sources informed Customs Today that the Model Customs Collectorate Appraisement-West, Appraisement-East, Preventive, Exports, Port Muhammad Bin Qasim, Collectorate of Customs Adjudication I-II, Directorate General ... Read More »

NAB to scrutinize bank accounts of three former FBR chairmen

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KARACHI: The National Accountability Bureau (NAB) has sought access to the bank accounts of three former chairmen of the Federal Board of Revenue (FBR) as a part of recently kicked off inquiry against them. Sources informed Customs Today that the NAB have written letters to the President and the Prime Minister of Pakistan, seeking access to the bank accounts of ... Read More »

Appraisement-West streamlines revenue recovery procedure

Collector-MCC-Appraisement-West-Muhammad-Saleem

KARACHI: The Appraising Intelligence Branch (AIB/R&D) of Model Customs Collectorate MCC Appraisement-West has expedited its revenue recovery procedure in order to collect as many as revenue by the end of current fiscal year 2014-15, it is learnt here. Sources informed Customs Today that the Collector MCC Appraisement-West Muhammad Saleem has issued clear directives to the authorities concerned of AIB/R&D to ... Read More »

IOCO to send list of newly determined duty draw back rates to FBR in July

FBR 5

KARACHI: The Input Output Co-efficient Organization (IOCO) has almost completed its working regarding the determination of new duty draw back rates on import and exports. Sources informed Customs Today that the IOCO has completed its 90 percent working in determining the duty draw back rates and remaining exercise would be completed within ten days. The sources further disclosed that the IOCO ... Read More »

FBR announces office timings during Ramazan

FBR-logo-660x330

KARACHI: The Federal Board of Revenue (FBR) through a notification has announced office timings for all field formation collectorates, directorates and its other offices during the holy month of Ramazan. According to the notification issued by the FBR, all field formation collectorates, directorates and other related offices of the FBR will work from 8am to 2pm during the holy month of Ramazan. ... Read More »

Field formation collectorates to remain open until midnight on June 30

FBR

KARACHI: All field formation collectorates of Pakistan Customs will remain open until midnight on June 30, 2015 in order to collect revenue by the end of current fiscal year 2014-15. This was announced by Federal Board of Revenue (FBR) in a notification issued in respect of special timings on the last day of the current fiscal year 2014-15. The authorities concerned of ... Read More »

Appraisement -West holds auction of confiscated vehicles

auction

KARACHI: The Model Customs Collectorate-MCC Appraisement -West held an auction of the US Embassy vehicles and new Mercedes at AICT, Mauripur  on June 15, 2015. Following the directives of Collector-MCC Appraisement-West Muhammad Saleem, the auction staff of the Collectorate held the auction of the confiscated vehicles which included Honda Hybrid, Toyota Pixis, Honda Fit, Move, Alto, Premium, Purus, Vitz, Every ... Read More »

DG Reforms, Automation installs visual presentation of WeBOC modules at Customs House

WeBoc

KARACHI: The Directorate General of Reforms and Automation has installed its visual presentation about its up-gradated modules in Web Based One Customs (WeBOC) at the entrance area of Custom House. According to details, a screen just beside the stairs of the Custom House Building has been installed by the Directorate General of Reforms and Automation for presenting a soft look ... Read More »

Customs Adjudication reveals details of ONO issued against PTCL, Huawei, Rayan Agencies

Pakistan Customs

KARACHI: The Collectorate of Customs Adjudication-I has publicized the details of Order-in-Original (ONO) issued against M/s Pakistan Telecommunication Company Limited (PTCL), its contractor M/s Huawei Technologies and clearing agent M/s Rayan Agencies. According to details, the Collector Collectorate of Customs Adjudication-I Farid Iqbal Qureshi has imposed a penalty of Rs 50 million on importer M/s PTCL in its involvement in ... Read More »