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Home / Author Archives: Waqar Ahmed Ansari

Author Archives: Waqar Ahmed Ansari

Customs Exports serves notices on three factories to recover evaded amount

Stamp with word notice inside, vector illustration

KARACHI: The Customs Exports has issued the show cause notices to three factories in order to collect the evaded tax amounts. The customs authorities served notices on M/s Muniza Knitwear Karachi, Variety Garments Karachi and Baksh Textile and Export at Thatha. M/s Muniza Knitwear used wrong PCT headings to get its net fabric consignment cleared in June and caused the ... Read More »

Customs Port Qasim collects Rs 22.35b during first 18 days of July 2017

Customs Port Qasim collects Rs 22 35b during first 18 days of July 2017 copy

KARACHI: The Customs Collectorate Port Qasim collected Rs 22.35 billion under the head of duty and taxes during first 18 days of July 2017. Sources told Customs Today that the collectorate collected Rs 7.90 billion customs duty, Rs 12.9 billion sales tax, Rs 2 billion income tax and Rs 190 million federal excise duty during the period. Sources said that ... Read More »

Quetta Customs seizes Iranian diesel & 100 luxury tyres worth Rs02.3m

stopsmuggling

QUETTA: The Customs Intelligence and Investigations Quetta continued its action against the smuggling in the current month. The Directorate General of Customs Intelligence and Investigation Quetta, during a crackdown on smuggling, seized 18,000 liters of Iranian diesel valued Rs01.3million. The diesel was set to be smuggled into different cities of Pakistan. Sources told Customs Today that Deputy Collector Customs Preventive ... Read More »

Customs Exports serves show-cause notices on three factories to recover evaded tax

tax evasion

KARACHI: The Customs Exports has issued show-cause notices to three factories in order to collect the evaded tax amounts. The customs authorities served notices on M/s Yousuf Marble and Export Karachi, Anjum Associates Mirpur Khas and Zulfiqar Noor and Co. Hyderabad. M/s Yousuf Marble and Export used wrong PCT heading to get its Black and Verona Marble Tiles consignment cleared ... Read More »

Gwadar Customs recovers computer accessories worth Rs2.4m

Collector Saeed Jadoon Quetta

GWADAR: The Collectorate of Gwadar has seized a huge quantity of portable hard disks and 2 GB ram worth Rs 2.4 million during the last two days. In another raid, the Customs Collectorate foiled an attempt to smuggle 200 boxes of Irani brake oil According to details, on a tip-off regarding possible smuggling of computer accessories in Jawar Khan area, Gawadar ... Read More »

Hashish weighed 14-kg worth Rs1.5m confiscated

drugs

KARACHI: The Customs Collectorate Gwadar has foiled a smuggling attempt and seized 14-kilogram hashish in a raid. The value of the seized hashish in the international market is Rs1.5million. According to details, Collector Gwadar Saeed Akram received a tip-off regarding the transportation of narcotics in Bara Area. He immediately constituted a team of Customs Anti-Smuggling Organization (ASO) to curb the ... Read More »

Customs Exports serves show-cause notices on two factories for tax evasion

tax evasion

KARACHI: The Customs Exports has issued the show-cause notices to two factories in order to collect the evaded tax amounts. The customs authorities served notices on M/s Rehman Garments Karachi and Tufail Towels and Export Mitthi. M/s Rehman Garments used wrong PCT heading to get its silk fabric consignment cleared in May and caused the national exchequer a loss of ... Read More »

PCA detects 14 cases involving Rs 112.2m during first 14 days of July

Gul Rehman

KARACHI: The Directorate of Post Clearance Audit (PCA) has made remarkable performance during the first 14 days of July 2017 and detected 14 cases involving revenue of Rs112.2 million. Sources told Customs Today that the Directorate of Post Clearance Audit headed by Director Gul Rehman detected cases pertaining to short payment of customs duty and sales tax/ and withholding tax ... Read More »

Karachi Customs uncovers Rs67.7m tax evasion on import of polyester suiting

tax evasion

KARACHI: The Model Custom Collectorate Karachi detected evasion of duty/taxes amounting to Rs67.7million on import of ladies/gents polyester suiting. Shirting fabric and polyester dyed fabric were confiscated on account of misuse of SRO 659(I)/2007. Sources said the appraising officer processed the Goods Declarations (GDs) without taking cognizance of mis-declared PCT by the importer that the declared description and found description ... Read More »

Quetta Customs recovers smuggled goods worth Rs7.6m during first twelve days of July

Deputy Collector Quetta Junaid Mehmood talking with Customs today.

QUETTA: Customs Intelligence and Investigations expedited their efforts to curb smuggling. The Collectorate seized smuggled items worth Rs7.6 million in first twelve days which included Iranian diesel, Iranian juices, large number of non duty paid mobile phones, electronics items, fake number plates and different other things. Sources told Customs Today that Deputy Collector Customs Preventive Junaid Mehmood received credible information ... Read More »

Customs Port Qasim collects Rs 14.45b in first ten days of July

saeed-akram

KARACHI: The Customs Collectorate Port Qasim collected Rs 15.45 billion under the head of duty and taxes during first ten days of July, 2017. Sources told Customs Today that the collectorate collected Rs 4.12 billion customs duty, Rs9.65 billion sales tax, Rs 2 billion income tax and Rs 190 million federal excise duty during the period. Sources said that as ... Read More »

Gwadar Customs recovers smuggled goods worth Rs 8m in ten days of July

Collector Saeed Jadoon Quetta

GWADAR: The Collectorate of Customs Gawadar foiled attempts to smuggle computer accessories and other goods worth Rs 2.2 million in first 10 days of July. According to detail, Gwadar Collector Saeed Akram, on a tip-off, constituted a team of Customs Anti-Smuggling Organization (ASO) to curb smuggling in Jewani area, The team, under the supervision of Inspector Imran Shah, raided a ... Read More »

DG Valuation revises customs values of replacement auto parts vide VR No 1193/2017

DG Valuation

KARACHI: The Directorate General of Customs Valuation has revised the customs value of replacement auto parts vide Valuation Ruling No 1193/2017 under Section 25-A of the Customs Act, 1969. The Customs values of replacement auto parts were determined vide Valuation Ruling No.661/2014, dated 29-03-2014 and its amendments dated 04.04.2014, 29.08.2014 and 27.02.2015. A number of representations were received from M/s. ... Read More »

Gwadar Customs recovers non-duty paid goods, narcotics worth Rs 7m

Collector Saeed Jadoon Quetta

GWADAR: The Collectorate of Gwadar has seized a huge quantity of electronic items worth Rs 7 million during the first week of July. In another raid, the Customs Collectorate foiled a smuggling attempt and seized 18 kilograms of hashish. According to details, Gawadar Collector Saeed Akram received a tip-off regarding transportation of smuggled narcotics in Bar area. He constituted a ... Read More »

Quetta Customs foils bid to smuggle plastic dana to Afghanistan

Deputy Collector Quetta Junaid Mehmood talking with Customs today.

QUETTA: Customs Intelligence and Investigations Quetta has action against smuggling during the month of July, Yesterday Directorate General of Customs Intelligence and Investigations Quetta during its crackdown against smuggling seized 80 shopper ( Boria) of plastic dana, are attempt to smuggled in Afghanistan Another raid the customs team recovered Irani Juices and so many other things. Sources told Customs Today ... Read More »

DG Valuation revises customs values of LED bulbs, tube-lights vide VR No 1192/2017

DG Valuation

KARACHI: The Directorate General of Customs Valuation has revised the customs values of LED bulbs and LED tube-lights vide Valuation Ruling No 1192/2017 under Section 25-A of the Customs Act, 1969. Background of the valuation issue: It has been brought to the knowledge of this Directorate General that LED bulbs and LED tube-lights were being assessed at varying values, mostly ... Read More »

Maersk cyber attack: Importers suffer Rs10b losses due to delay in clearance of shipments

File 1 MAERSK Line B

KARACHI: Danish shipping giant Maersk said it had restored its major applications, as it brought its IT systems back online after being hit by a major cyber attack last week. The company, which handles one in seven containers shipped globally, said it expects to have all its 1500 applications fully functional this week. Maersk’s port operator APM Terminals said all ... Read More »

DG Valuation revises customs values of one side coated duplex board

DG Valuation

KARACHI: The Directorate General of Customs Valuation has revised the customs values of one side coated duplex board (grey back)  300 GSM & above and one side Coated Duplex Board (other than grey back) Valuation Ruling No 1191/2017 under Section 25-A of the Customs Act, 1969. The Customs values of one side coated duplex board (grey back) 300 GSM and above ... Read More »

Quetta Customs recovers 12,000 liters of smuggled Iranian diesel

Deputy Collector Quetta Junaid Mehmood talking with Customs today.

KARACHI: Directorate of Customs Intelligence and Investigations Quetta conducted three raids and recovered a large number of smuggling items. The seized items included electronics items, Iranian diesel and fake number plates. The Directorate General also seized a large quantity of Iranian diesel in canes. The customs team recovered 12,000 liters Iranian diesel. Sources told Customs Today that Deputy Collector Customs ... Read More »

DG Valuation issues Valuation Ruling 1190/2017

DG Valuation

KARACHI: The Directorate General of Customs Valuation has revised the customs value of un-coated offset paper for writing, printing and  photocopying Valuation Ruling No 1190/2017 under Section 25-A of the Customs Act, 1969. Customs values of un-coated offset paper for writing, printing and photocopying were determined vide Valuation Ruling No.827/2016 dated 06.04.2016. It was deemed expedient to revisit the values ... Read More »