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Home / Author Archives: Sohail Rab (page 4)

Author Archives: Sohail Rab

Chief Collector Customs directs respective Collectorates to send reward lists of officials

Ferrari

KARACHI: The Chief Collector-Enforcement-South Muhammad Nazim Saleem has written letters to the authorities concerned of different field formation Collectorates to send the reward lists of the officials up to Grade-16 of their respective Collectorates against their meritorious services during the fiscal year 2014-15, so that the Federal Board of Revenue-FBR could release their rewards. According to details, the Chief Collector-Enforcement-South ... Read More »

FBR ready to reshuffle recently promoted customs officers of grade 20, 21

FBR 2

KARACHI: A major re-shuffle in the top slots of the Pakistan Customs Service (PCS) is expected after the end of the current fiscal year, it is learnt here. Sources informed Customs Today that the Federal Board of Revenue (FBR) has prepared a list of the recently promoted officers of grade BS-20 and BS-21 to transfer them to different departments. The ... Read More »

Customs’ PCA detects five cases of Rs 103m tax evasion in May, 2015

audit

KARACHI: The Directorate of Post Clearance Audit, Customs in May, 2015 has detected five case of tax evasion in different terms including custom duty/regulatory duty, sales tax, withholding tax and others amounting to Rs 103 million approximately. According to the details, PCA has detected two cases in which the unscrupulous elements mis-declared the value and involved in misusing of SRO659 ... Read More »

Report about suspicious clearance of vehicles under amnesty scheme sent to FBR

New cars are transported in a truck in Sao Bernardo do Campo

KARACHI: A committee constituted by the Federal Board of Revenue (FBR) to investigate suspicious clearance of vehicles under amnesty scheme during 2011-12 has finalized its report and sent it to the FBR Headquarters, it is learnt here. Sources informed Customs Today that the committee head Additional Collector-ADC Irfan Javed, after taking final statements of the Customs officials who were deployed ... Read More »

Collector Nazim Saleem gears up efforts to stop smuggling at border points

nazim saleem 1

KARACHI: The Pakistan Customs has geared up efforts to stop smuggling at border points of the country, it is learnt here. Sources informed Customs Today that Chief Collector-Enforcement -South Muhammad Nazim Saleem has decided to evolve a coordinated strategy with the help of all stakeholders to curb smuggling. The sources further revealed that Chief Collector-Enforcement -South Muhammad Nazim Saleem in ... Read More »

Nazim Saleem urges PRAL for maintenance of automated system

nazim saleem 1

KARACHI: Chief Collector Enforcement-South Muhammad Nazim Saleem has written a letter to Chief Executive Officer (CEO) Pakistan Revenue Automation Limited Raana Ahmed for immediate maintenance and remedial of issues may persist in the infrastructure of automated clearance system in order to avoid any untoward incident which may cause delay in clearance system. According to the details, Chief Collector Muhammad Nazim ... Read More »

Customs South region collects Rs 3,113.49m customs duty in May against target of Rs 2783.23m

tax target

KARACHI: The Collectorates of MCC-Preventive, MCC-Hyderabad, MCC-Exports, MCC-Exports (Port Muhammad Bin Qasim), MCC-Quetta and MCC-Gwadar of Enforcement (South-Region) have collected an amount of Rs 3113.49 million in share of Custom Duty altogether during the month of May,2015 against its set target of Rs 2783.23 million with an increase of Rs 330.26 million. According to details, the MCC-Preventive has collected Rs ... Read More »

Appellate Tribunal Inland Revenue apprised of problems being faced by KTBA members

tax net

KARACHI: A delegation of the Karachi Tax Bar Association (KTBA), headed by its President Muhammad Zubair, met with the chairman of the Appellate Tribunal Inland Revenue (ATIR) to discuss the issues being faced by the bar members. The KTBA delegation during the meeting put forward the issues being faced by the taxpayers and members of the tax bar regarding timing ... Read More »

Committee investigating clearance of 480 cars yet to reach conclusion

New cars are transported in a truck in Sao Bernardo do Campo

KARACHI: A committee formed to decide the fate of the case linked with the clearance of around 480 cars under vehicles’ amnesty scheme (VAS) has not yet finalised its findings despite passing of adequate time. According to details, the Federal Board of Revenue (FBR), on the directives of Federal Tax Ombudsman (FTO), had appointed Additional Collector Irfan Javed as committee ... Read More »

Appraisement-West’s PRV Cell recovers Rs 14m in May, 2015

Collector-MCC-Appraisement-West-Muhammad-Saleem

KARACHI: The Post Release Verification (PRV) Cell of the Model Customs Collectorate Appraisement-West has recovered an amount of around Rs 14.45 million in May, 2015, while detecting 64 cases of short revenue recovery. The PRV Cell following the directives of Collector Muhammad Saleem, detected cases in which the importers were involved in mis-declaration of value, non-application of correct valuation rulings, ... Read More »

Historical achievement: Appraisement-East surpasses target by Rs5.032 billion in May

Manzoor Memon

KARACHI: The Model Customs Collectorate Appraisement-East has surpassed the revenue target by Rs 5.032 billion marking an historic achievement in May of current fiscal year 2014-15. According to revenue statistics, the Appraisement-East has collected total revenue of Rs 22.096 billion against the set target of Rs17.063 billion with the massive surplus of Rs 5.032 billion during the said period. The ... Read More »

Karachi Customs AIB-R&D recovers Rs10m during May by detecting three cases of tax evasion

pak rupee 3

KARACHI: The Appraising Intelligence Branch AIB/R&D of Model Customs Collectorate of MCC-Appraisement-West has recovered revenue amounting to Rs 10 million (Rs 1106914) during the month of May-2015 by detecting three cases of massive tax evasion in which the importers involved in violation of PCT Codes and Valuation Rulings. According to details, the authorities concerned of AIB/R&D while following the directives ... Read More »

Appraisement-West again exceeds target by Rs 1.87 billion in May, collects Rs 20b

Collector-MCC-Appraisement-West-Muhammad-Saleem

KARACHI: The Model Customs Collectorate Appraisement-West has collected total revenue of Rs 20.492 billion in May, 2015 against the set target of Rs 18.622 billion with the surplus of Rs 1.87 billion under all revenue heads including custom duty, sales tax, income tax and federal excise duty. According to revenue statistics, the Appraisement-West has collected Rs 7.052 billion in the ... Read More »

Appraisement -West surpasses revenue target by Rs 1.87 billion in May

pak rupee

KARACHI: The Model Customs Collectorate-MCC of Appraisement -West has successfully collected total revenue of Rs 2.0492 billion during May 2015 against the set target of Rs 1.862 billion with the surplus of Rs 1.87 billion in revenue heads including custom duty, sales tax, income tax and federal excise duty. According to revenue statistics available with Customs Today, the MCC-Appraisement-West has ... Read More »

AFU collects Rs 2795.47m during May; witnesses shortfall of Rs 602m

revenue decline

KARACHI: The Air Fright Unit (AFU) of Model Customs Collectorate-MCC Preventive has collected total revenue of Rs 2795.47 million altogether in May under different revenue heads, including custom duty, sales tax, additional sales tax, withholding tax and federal excise duty, but witnesses a shortfall of Rs 602.95 million as compare to the previous month revenue collection. According to the revenue ... Read More »

Adjudication-I prepares show cause notice for M/s Warid Telecom over ‘tax evasion’

tax evasion

KARACHI: The authorities concerned of the Collectorate of Customs Adjudication-I have prepared a show cause notice for M/s Warid Telecom for the company’s alleged involvement in tax evasion of Rs 20 million during import of telecommunication gadgets. According to details, the officials concerned of the Directorate General of Customs Intelligence and Investigation-FBR on a secret information about mis-declaration by M/s Warid Telecom in imported consignments. During ... Read More »

Deputy Collector Mona Mehfooz vows to stop misuse of E-Form for money laundering

money-laundering

KARACHI: The Customs authorities are determine to control use of fake E-Form and money laundering. These views were expressed by Deputy Collector-MCC Export Mona Mehfooz while talking to Customs Today at her office. Deputy Collector Mona Mehfooz said that the FBR and MCC-Export Collectorates have decided to rid the country of the menace money-laundering and misuse of E-Form. She further ... Read More »

Businessmen hail political consensus on China-Pakistan Economic Corridor

Pak china

KARACHI: Chief Executive Officer of Trade Development Authority SM Muneer, KATI President Rashid Ahmed Siddiqui,  Senator Abdul Haseeb Khan and other prominent businessmen have widely hailed political consensus on China-Pakistan Economic Corridor. Talking to Customs Today they said that this project will not only brings economic prosperity in Pakistan and all the provinces but the economic growth will also put ... Read More »

Slow response from Customs Export absolves Tata Textile of legal action in Rs 489m tax evasion case

tax_malaysia

KARACHI: The lethargic approach of officials concerned of the Model Customs Collectorate-MCC Export have given the opportunity to M/s Tata Textile to get “time-bar” facility in tax evasion case amounting to Rs 489 million. According to details, the authorities concerned of MCC-Export have decided to submit a case in Sindh High Court against the importer-cum-exporter M/s Tata Textile after getting ... Read More »

Customs Collectorates urge Internal Audit Dept to send only authentic audit observations

audit

KARACHI: The field formation collectorates of customs have urged the Directorate General of Internal Audit-Customs to study the audit observations/audit paras thoroughly before forwarding those to the field formation Collectorates. Sources informed Customs Today said that the officials of internal audit were sending audit observations to the field formation collectorates, including Model Customs Collectorate Appraisement-East, Appraisement-West and Port Muhammad Bin ... Read More »