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Home / Author Archives: UH Khan

Author Archives: UH Khan

Port Qasim Authority to hire maritime pilot boat to facilitate importers, exporters

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KARACHI: Port Qasim Authority is going to hire a maritime pilot boat to accelerate it operations in order to facilitate importers and exporters. According to sources of Customs Today at Operation and Maintenance, Port Qasim Authority has sought bids from local, experienced and stable firms for the pilot boat which will conduct the voyage on 18 knots. The offering companies ... Read More »

Appraisement West foils bid to evade taxes worth Rs15m by M/s FAS Enterprises

Appraisement West foils bid to evade taxes worth Rs15m by M s FAS Enterprises copy

KARACHI: Customs Collectorate Appraisement West thwarted a bid to evade taxes worth Rs15 million. According to sources collector Appraisement West received credible information about some attempts of mis-declaration. He directed appraising team to enhance checking of consignments. He checking the team reassessment of already cleared container number XMM 4-6153787 and container number MAGU-5690011. Both containers’ imported by one company namely ... Read More »

Customs Intelligence detects tax evasion of Rs 191m by M/s Diamond Company

Tax Evasion

KARACHI: The Customs Intelligence and Investigation has detected a case of mis-declaration by M/s Diamond and Company on consignments of bed sheets and curtains . According to sources, on the directions of Director General Samina Taslim Zehra, a customs team examined some consignments and found that the importer had tried to evade taxes by showing less cost of its imports. ... Read More »

Customs Port Qasim detects tax evasion by two companies on import of wood from Europe

saeed-akram

KARACHI: Customs Collectorate Port Qasim detected mis-declaration of wood consignments by two companies which were trying to evade taxes and duty by showing less weight. According to sources, M/s Kashif and Company and M/s Yaqoob and Company attempted to evade taxes of Rs 992,000 on expensive wood imported from Europe. The two companies imported Swan timber and resorted to mis-declaration. ... Read More »

Mis-declaration: Customs Port Qasim recovers taxes, penalty from M/s Adnan Construction Company

saeed-akram

KARACHI: Model Customs Collectorate Port Muhammad Bin Qasim has recovered Rs 700,000, including taxes and penalty from M/s Adnan Construction Company. Sources told Customs Today that M/s Adnan Construction Company imported asphalt plant from Korea. The plant was 142 tons, however, the company found involved in mis-declaration during scrutiny of weight. The company misled authorities by showing less weight and ... Read More »

Appraisement West holding auction of goods, vehicles from April 19-22 and April 26-29

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KARACHI: The Customs Collectorate Appraisement West Wharf, on the directives of the collector, has announced auction of lots and containerized cargo of various kinds. The auction would be held under Customs Appraisement West Wharf at Karachi International Containers Terminal (KICT). The auctions will be held from 19th April to 22nd April and 26th April to 29th April at 10.30am. The ... Read More »

Customs Appraisement holds auction of goods, vehicles at AICT today

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KARACHI: Collectorate of Customs Appraisement held the auction of goods and vehicles at Al-Hamd International Container Terminal (AICT) on Monday. According to the details, the auction is being conducted on the directives of collector Customs Appraisement Karachi. The auction will also be held on the second day on Tuesday. The auction starts at 10:00 AM at Al-Hamd International Container Terminal ... Read More »

KPT handles 13.18m tons cargo during 3Q

KPT Chairman

KARACHI: The Karachi Port Trust (KPT)  handled a record tonnage cargo during the third quarter (January-March) of this fiscal year, showing a significant growth. The port handled 13.18 million tons cargo in the third quarter of fiscal year 2016-17. The port handled total handling including import and export 4.416 in January, 4.302 in February and 4.469 in March 2017, according ... Read More »

Chinese company offers to establish oil refinery near Port Qasim

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KARACHI: A Chinese Company, M/s Mingyuan Holdings Group Company Limited, has offered to install an oil refinery near Port Qasim Karachi with the investment of $2 billion. According to the details, the refinery estimated to refine over 10 million tons of oil annually to set the commodity in the local and international markets.  The delegation of the Chinese company led ... Read More »

Gwadar Port has potential to become busiest port in region: Chairman Dostain Khan Jamaldini

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KARACHI: Gwadar Port Authority Chairman Dostain Khan Jamaldini has said that the port has the potential to become one of the busiest ports in the region. In an exclusive interview with Customs Today, he said that the port is ready for ships to berth operations. Three ships arrived at the port during last week, he said, adding that the port ... Read More »

PCA detects Rs 35.44m tax evasion on import of polyester dyed fabric

Gul Rehman

KARACHI: The Directorate of Post Clearance Audit (Customs) Karachi has detected evasion of duty/taxes of Rs 35.44 million on import of polyester dyed fabric due to inadmissible benefit of SAFTA. According to the details, Director Gul Rehman wrote a letter to the Chief Collector, Appraisement-South, Customs House, Karachi, the SPS Director General, Directorate General of Post Clearance Audit (Customs), Islamabad ... Read More »

KPT already working on rationalization of tariff to invite lines’ reps to present viewpoints

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KARACHI: The Karachi Port Trust is already working on rationalization of tariff and then will invite the lines representatives to present their point of view to the KPT administration in connection with the port charges, said Tariq Haleem, Chairman, FPCCI Standing Committee on Ports and Shipping. Tariq Haleem, Chairman, FPCCI Standing Committee on Ports and Shipping, arranged a well-represented meeting ... Read More »

Port Qasim collects Rs 312b against assigned target of Rs 247b till March 27: Collector Saeed Akram

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Importers, exporters can see clearance process on their computers and this is how we have tried to minimize corruption as much as possible KARACHI: The Port Muhammad Bin Qasim authorities have collected Rs 312 billion against the assigned target of Rs 247 billion till March 27, 2017, Collector Saeed Akram has said. In an exclusive interview with Customs Today, he ... Read More »