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Home / Author Archives: Waqar Ahmed Ansari

Author Archives: Waqar Ahmed Ansari

DG Valuation upholds customs values of circuit breakers & baba garments

Surraiya Butt

KARACHI: Director-General Directorate of Customs Valuation Surriya Butt rejected revision of Valuation Ruling No.994/2016 and 1005/2017 and upheld the values  circuit breakers and another values of children baby, baba garments of low end brands of China, Vietnam, Indonesia, Thailand, Malaysia and other countries, determined vide the said valuation ruling. Source told Customs Today that M/s GB Traders and others importer approached Directorate ... Read More »

Appraisement East collects over Rs39b as duties, taxes in August

saeed-akram

KARACHI: Collectorate of Customs Appraisement East collected Rs 39358.6 million during the month of August under head of all duty and taxes. According to details, Appraisement East collected Rs15028.03 million under the head of customs duty (CD), Rs17138.10 million as sales tax (ST), R 7042.26 as income tax (IT) and Rs150.24 as federal excise duty (FED). Earlier in the month ... Read More »

Customs values of submersible pump with motor (plastic body) upto 100 watt revised

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KARACHI: The Directorate General of Customs Valuation revised the customs values of submersible pump with motor (plastic body) up to 100 watt through Valuation Ruling No: 1324/2018 under Section 25A of the Customs Act-1969. According to the details, it has been brought to notice of this Directorate General that submersible pump with motor (plastic body) up to 100 watt are ... Read More »

Appraisement West generates Rs21535.78m during August

Appraisement West generates Rs21535 78m during August copy

KARACHI: Customs Collectorate of Appraisement West generated Rs 21535.78 million during the month of August 2018 under the head of all duty and taxes. According to details, Appraisement West collected Rs21535.78 million in August which includes Rs9459.26 million under the head of custom duty (CD), Rs8695.38 million as sales tax (ST), Rs3297.71 million under the head of income tax (IT) ... Read More »

DG Valuation revises customs values of UPS

UPS

KARACHI: Directorate General of Customs Valuation revised the customs values of uninterruptible power supply (UPS)  through Valuation Ruling No: 1322/2018 under Section 25-A of the Customs Act-1969. The customs values of UPS were determined vide valuation ruling No.831/2016 dated 14.04.2016. Representations were received in the Directorate General for re- determination of custom values of UPS due to change in technology ... Read More »

Quetta Customs foils bid to smuggle non-duty paid electronics goods worth Rs9m

Ashraf Ali

QUETTA: Customs Collectorate team foiled a smuggling attempt by seizing foreign origin non-duty paid electronic items include TVs , chargeable speakers, monitors, juicer blenders, kitchen accessories, tea sets, dinner sets , luxury vehicles radiators, and different types of nuts bolts worth Rs 9 million, and arrested two accused persons on 24.8.2018. Sources told Customs Today, that Collector Ashraf Ali received ... Read More »

Gwadar Customs foils bid to smuggle non duty paid goods worth Rs9.50m

Gwadar Customs foils bid to smuggle non duty paid goods worth Rs9 50m copy

GWADAR: Customs Collectorate team seized huge quantity of non-duty paid fancy jewelry and brake oil, vehicle being used for smuggling worth Rs 8.50 million. Sources told Customs Today on 24.8.2018 that Deputy Collector Junaid Mehmood received secret information that some smugglers were trying to smuggle non-duty paid fancy jewelery and brake oil from Gwadar to Karachi. After receiving this information, he constituted ... Read More »

Collector Exports Saqif Saeed recovers evaded amount of Rs3.90m from two companies

Saqif Saeed

KARACHI: Collector Customs Export Saqif Saeed recovered evaded amount of taxes and duties of Rs 3.90 million from M/s Nadeem Ceramics and another company M/s B B Chemicals. Sources told Customs Today that during scrutiny of the export data, it was revealed that M/s Nadeem Ceramics availed undue benefits and concessions by export a consignment of fancy besons, taps by ... Read More »

PCA detects tax evasion of Rs11.50m by M/s Alija Steel Works

taxevasion

KARACHI: Directorate of Customs Post Clearance Audit Director Nadeem Memon detected duties and tax evasion of Rs11.50 million by M/s Alija Steel Works, Super Highway, Karachi, it is learnt here. Sources told Customs Today on Monday that M/s Alija Steel Works imported different kinds of steel scrape consignments included thick and thin sheets, steel pieces and got it cleared from the QICT ... Read More »

Quetta Customs foils bid to smuggle ACs, batteries worth Rs8.95m

Ashraf Ali

QUETTA: The Customs Collectorate team foiled two smuggling attempts by seizing foreign origin non-duty paid air conditioners, window A/C, deep freezers, batteries, different types of non-duty paid sewing machines  and its accessories, worth Rs8.95 million, besides arresting three accused persons on Saturday morning. Sources told Customs Today, that Collector Ashraf Ali received credible information that huge quantity of foreign origin ... Read More »

DG Valuation revises customs values of PVC flexible sheets & cling film

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KARACHI: The Directorate General of Customs Valuation has revised the customs values of   PVC transparent/clear and printed flexible sheets and PVC cling film Valuation Ruling No: 1317/2018 under Section 25-A of the Customs Act-1969. Earlier the customs values of PVC transparent/clear and printed flexible sheets and PVC cling film were determined vide Valuation Ruling No. 1028/2017 dated 02.02.2017. There were ... Read More »

PCA detects tax evasion of Rs10.58m by M/s Kinza Fabrics & Exports

audit

KARACHI: Directorate of Customs Post Clearance Audit Director Nadeem Memon detected duties and tax evasion of Rs10.58 million by M/s Kinza Fabrics & Exports located in SITE, Karachi, it is learnt here. Sources told Customs Today on Friday that M/s Kinza Fabrics & Exports imported a consignments of different kinds of printed liquid colors, fancy buttons, sleeves cuff, and embroidery ... Read More »

Hyderabad Customs foils bid to smuggle Rs7.89m electronics goods

Hyderabad Customs foils bid to smuggle Rs7 89m electronics goods copy

HYDERABAD: Customs Collectorate seized non-duty paid digital and video cameras, watches, mobile covers, batteries, chargers and different type of mobile accessories worth Rs7.89 million including vehicles which were being used in smuggling. Sources told Customs Today on Wednesday that information was received to Collector Agha Khalid Jamali that a truck loaded with non-duty paid imported digital and video cameras, imported ... Read More »

DG Valuation revises customs values of wrist watches (low-end brands)

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KARACHI: The Directorate General of Customs Valuation revised the customs value of wrist watches (low-brands) vide Valuation Ruling No 1315/2018 under Section 25-A of the Customs Act, 1969. According to the details, it was brought to the notice of this Directorate General that values of wrist watches (low-end brands) are being declared to Customs at much lower values than their ... Read More »

PCA detects Rs3.22m tax evasion by M/s Zainab Garments & Knitwear

PCA detects Rs3 22m tax evasion by Ms Zainab Garments & Knitwear copy

KARACHI: The Directorate of Customs Post Clearance Audit, Director Nadeem Memon detected duties and tax evasion of Rs 3.22 million by M/s Zainab Garments & Knitwear, Landhi, it is learnt here. Sources told Customs Today on Wednesday that M/s Zainab Garments & Knitwear imported consignments of embroidery, overlook, fabric press machines, and various kinds of printing machine parts and got ... Read More »

Quetta I&I foils bid to smuggle Iranian diesel worth Rs5.84m

Quetta I&I foils bid to smuggle Iranian diesel worth Rs5 84m copy

QUETTA: The Directorate of Customs Intelligence and Investigation foiled a bid to smuggle Iranian diesel worth Rs 5.84 million during special checking on August 14, Tuesday. Sources told Customs Today that Director I&I Muhammad Akram Chaudhary received a tip-off that some smugglers are trying to smuggle Iranian diesel out of Quetta. He constituted a raiding team under the supervision of ... Read More »

Gwadar Customs seizes NDP luxury vehicles tyres worth Rs9.50m

Gwadar Customs seizes NDP luxury vehicles tyres worth Rs9 50m copy

GWADAR: A Customs Collectorate team has seized huge quantity of non-duty paid luxury vehicle’s tyres & tubes and vehicle being used for smuggling worth Rs 9.50 million. Sources told Customs Today on 13.8.2018 that Deputy Collector Junaid Mehmood received secret information that some smugglers ware trying to smuggle non-duty paid luxury vehicles tyres and tubes from Gwadar to Karachi. After receiving this information, he ... Read More »

Collector Saqif Saeed recovers Rs5.78m from M/s Wajahat & Sons, M/s Delight Fabrics & Export

Saqif Saeed

KARACHI: Collector Customs Export Saqif Saeed recovered evaded amount of taxes and duties of Rs5.78 million from M/s Wajahat & Sons and another company M/s Delight Fabrics & Export. Sources told Customs Today that during scrutiny of the import data, it was revealed that M/s Wajahat & Sons availed undue benefits and concessions by importing a consignment of kitchen accessories including ... Read More »

PCA detects tax evasion of Rs7.80m by M/s Taj Deluxe Traders

audit financial company tax investigation process business accounting

KARACHI: Directorate of Customs Post Clearance Audit Director Nadeem Memon detected duties and tax evasion of Rs7.80 million by M/s Taj Deluxe Traders, Karachi, it is learnt here. Sources told Customs Today on Aug 10, 2018, M/s Taj Deluxe Traders, Karachi imported a consignment of different types of wall paints chemicals, powder form colours, and mixing machines got it cleared ... Read More »

Customs Export recovers evaded amount of Rs6.26m from M/s Glamour Leather & M/s Amir Kamil Associates

Saqif Saeed

KARACHI: Collector Customs Export Saqif Saeed on Friday recovered evaded amount of Rs6.26 million from M/s Glamour Leather and Handicrafts and M/s Amir Kamil Associates, Karachi. Sources told Customs Today that during scrutiny of the import data, it was revealed that M/s Glamour Leather and Handicrafts availed undue benefits and concessions by imported a consignment of leather pieces used in ... Read More »