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Home / Author Archives: Waqar Ahmed Ansari

Author Archives: Waqar Ahmed Ansari

DG Valuation revises customs values of Glycerin vide VR No. 937/2016

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KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has revised the customs values of glycerin at $695/MT and amended the Valuation Ruling No.937/2016. M/s Nimir Chemical Pakistan Limited and other importers had agitated against the customs values of glycerin determined vide Valuation ruling No.937/2016 for it being on the higher side. Asif Niaz Hussain, senior manager of M/s Nimir Chemicals ... Read More »

DG Valuation revises customs values of dates vide VR No. 1014/2016

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KARACHI:  The Directorate General of Customs Valuation has revised the customs value of dates through Valuation Ruling No 1014/2017 under Section 25-A of the Customs Act, 1969. Earlier, the customs values of dates were determined vide Valuation Ruling No. 501/2012 on December 4, 2012. Since, the applicable values for dates were determined more than four years ago, and recently, MCC ... Read More »

Customs Export issues show-cause notice to recover evaded tax amount

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KARACHI: The Model Customs Export issued a show-cause notice to M/s Shafiq Garments and Knit Wear, located at Sharfi Goth, Karachi for the recovery of evaded tax amount. According to details, the company evaded tax money by using wrong PCT Heading to get clearance of a consignment of ladies fabric in November 2016. During the scrutiny of clearance documents, the ... Read More »

PCA initiates evaded tax recovery plan

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KARACHI: The Customs Post Clearance Audit (PCA) initiated recovery of evaded customs duty and tax through under-invoicing, which heralds a larger policy wherein government would ensure plugging of revenue leakage. According to details, the Directorate General of Customs Valuation pursuing the above said plan has issued a number of valuation guidelines for the reference so that under invoicing could be ... Read More »

Gwadar Customs foils bid to smuggle huge quantity of narcotics

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KARACHI: The Model Customs Collectorate Gwadar foiled an attempt to smuggle a huge quantity of narcotics during an operation. Sources told Customs Today that Collector Saeed Akram received information about some smuggling attempts. He immediately constituted a customs team. The team established many check points in Sardashti area and started checking of vehicles. Sources said that customs team intercepted a ... Read More »

Syed Tanveer revises value of confectioneries

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KARACHI: Customs Valuation Director General Syed Tanveer Ahmed has revised the customs values of euro cake and accordingly amended the Valuation Ruling No.946/2016. M/s Fair Marketing Pakistan represented by Advocate Muhammad Ran Kamboh challenged the Custom Value determined at S.No1, 3, 4 and 08 of the Valuation Ruling No.946/2016. They stated that these are confectionery and bakery items imported from ... Read More »

DG Valuation revises customs values of glass tube

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KARACHI: The Directorate General of Customs Valuation has revised the customs value of glass tubing of a kind used for the manufacturing of ampoules through Valuation Ruling No 1013/2017 under Section 25A of the Customs Act, 1969. According to the details, Customs Appraisement West has issued a guideline for assessment of glass tube of a kind used for the manufacturing ... Read More »

DG Customs Valuation revises value of pet food

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KARACHI: Directorate General of Customs Valuation has amended the Valuation Ruling No.977/2016 and added two more region wise categories of pet food in the ruling. The commercial importer M/s Aamena Enterprises, Lahore represented by Darvesh K. Mandhan, Advocate stated that they are importing cat and dog food under brand name winner plus from Germany which does not fall in the ... Read More »

Quetta Customs impounds 38 vehicles in crackdown

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KARACHI: Quetta Model Customs Collectorate has started crackdown against non-duty paid vehicles and impounded 38 vehicles during the crackdown. Customs official told Customs today that the department has impounded 38 vehicles during November, December and first two-week of January. In the impounded vehicles included luxury cars, jeeps and others vehicles. As per the details 25 vehicles were impounded in November, ... Read More »

Customs Appraisement West earns Rs7.5m through auction

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KARACHI: Customs Appraisement West earned Rs 7.5 million through auction of seized consignments at National Logistic Cell container terminal in December 2016. According to details, Chief Collector Rasheed Sheikh instructed Collector Ahaad Jawwad to conduct auction of seized consignments at NLC container terminal. The auction may help to achieve revenue collection target as well as create a breathing space at ... Read More »

DG Valuation issues reference values for foley balloon catheter

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KARACHI: Directorate General of Customs Valuation has issued the reference values for foley balloon catheter, 2way. According to the details, Directorate General has initiated an exercise to develop database values for different items wherein it has been observed that declarations are of wide range and do not correctly reflect values of the items as traded in the international market. During ... Read More »

Customs valuation issues value of stomach tube

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KARACHI: Directorate General of Customs Valuati0on has issued the reference values for stomach tube. The directorate general has initiated an exercise to develop database values for different items wherein it has been observed that declarations are of wide range and do not correctly reflect values of the items as traded in the international market. During the scrutiny of previous clearance ... Read More »

Customs Valuation issues reference values for suction connecting tube

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KARACHI: Directorate General of Customs Valuation has issued the reference values for suction connecting tube. This Directorate General has initiated an exercise to develop database values for different items wherein it has been observed that declarations are of wide range and do not correctly reflect values of the items as traded in the international market. During the scrutiny of previous ... Read More »

DG Valulation revises customs values of Tubular Metal Needle vide VR No. 1011/2017

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KARACHI: The Directorate General of Customs Valuation has revised the customs value of Tubular Metal Needle in bulk, disposable surgical metal needles (sterilized) and disposable veterinary metal needles (sterilized) through Valuation Ruling No 1011/2017 under Section 25A of the Customs Act, 1969. The customs values of Tubular Metal Needles were determined vide Valuation Ruling No.900/2016, dated 04-08-2016. Certain importers filed ... Read More »

Gawadar Customs confiscates 7kg charas, Iranian Diesel

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KARACHI: Model Customs Collectorate Gawadar confiscated 7 kilogram fine quality charas worth Rs800, 000 during an operation in Ormara. While in another operation Customs team seized 1500 liter Iranian origin diesel. Four accused were also arrested during these operations. According to details, Customs Collectorate received a tip-off regarding smuggling of charas in a local transport vehicle which is heading towards ... Read More »

Transit Trade DG reviews Vehicles contract 2017

epa02416396 Trucks carrying Afghan transit trade supply are waiting for custom clearance at Pak-Afghan border in Chaman, Pakistan, 28 October 2010. Pakistan and Afghanistan sign the Afghanistan Pakistan Transit Trade Agreement (APTTA) in Kabul on October 28.  EPA/MATIULLAH ACHAKZAI

KARACHI: Directorate General of Transit Trade has reviewed the bids for Transit Vehicles contract 2017 and announcement of the decision is expected soon. According to sources, the directorate opened the bidding for Transit Vehicle Contract 2017 in the first week of December 2016. To make the tracking process transparent, the directorate will finalize it in three phases. In the first ... Read More »

DG Valuation revises customs value of PC hosepipes through VR No.1010/2017

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KARACHI: The Directorate General of Customs Valuation has revised the customs values of PVC hosepipes through Valuation Ruling No 1010/2017 under Section 25A of the Customs Act, 1969. According to details, the values of PVC hosepipes for reference/guidance were earlier issued vide VDB No.108/2016 on November 30, 2016. However, several representations were received from commercial importers for determination of customs ... Read More »

DG Valuation revises customs values of schoolbags, briefcases, laptop

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KARACHI: The Directorate General of Customs Valuation has revised the customs value of schoolbags, briefcases and laptop bag through Valuation Ruling No 1008/2017 under Section 25-A of the Customs Act, 1969. According to the details, the customs values of schoolbags, briefcases and laptop bags were determined under Section 25-A of the Customs Act, 1969, vide Valuation Ruling No.867/2016 dated 08.06.2016. ... Read More »

Customs Adjudication issues notice to M/s Telenor for alleged tax evasion

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KARACHI: The Customs Adjudication has issued a show cause notice to M/s Telenor after finding tax evasion in clearance of import consignments. M/s Telenor evaded tax amount through wrong declaration of goods. According to details, during scrutiny of the import data of M/s Telenor it was revealed that the company availed undue concessions and benefits by using wrong SRO and ... Read More »

Customs Valuation revises value of artificial jewellery

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KARACHI: The Directorate General of Customs Valuation has revised the customs value of artificial jewellery through Valuation Ruling No 1007/2017 under Section 25A of the Customs Act, 1969. Customs Values of artificial jewellery were determined vide Valuation Ruling No484/2012 dated 25-10-2012. Being more than 4 years old, it was deemed expedient to revise the same according to trends prevailing in ... Read More »