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Home / Author Archives: Waqar Ahmed Ansari

Author Archives: Waqar Ahmed Ansari

DG Valuation Surriya Butt to revise VR No 844/2016 on December 4

Surraiya Butt

KARACHI: Directorate General, Customs Valuation, Director General Surriya Ahmed Butt has decided to revise the Valuation Ruling No: 844/2016 on 4TH December 2017, it is learnt. According to the details, Director General Surriya Butt has said that the department was reviewing suggestions from importers to set new prices of plastic baby feeders. She said that some valuations, which were issued ... Read More »

Customs Export issues notices to three companies involved in tax evasion

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KARACHI: The Customs Exports has served two show cause notices and one final notice on tax defaulters and tax evaders for recovery of dues. Sources told Customs Today that Custom Exports issued notices to three companies, including M/s Realistic Industries Private Ltd , M/s Furqan Aluminum, and  M/s Ishtiaq Farooqi Traders. M/s Realistic Industries Pvt Ltd used wrong Pakistan Customs ... Read More »

PCA unearths tax evasion of Rs7.26m by M/s Muddassir Alam & Sons

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KARACHI: The Directorate of Customs Post Clearance Audit has detected evasion of duties and taxes of Rs 7.26 million by M/s Muddassir Alam and Sons, it is learnt. The official sources told Customs Today that M/s Muddassir Alam and Sons imported a consignment of different machinery parts and used monitor picture tubes from Japan under the PCT Heading 2309.4560 and ... Read More »

New ADB loan

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According to newspaper reports, the Asian Development Bank has unveiled a three-year business plan for Pakistan to improve energy, transport, agriculture, water, public sector management, finance and social sectors.With a total outlay of $4.673 billion, at least $3.39billion will be given from regular ordinary capital resources and $1.28 billion from concessional lending. Reports suggest, Pakistan will avail its group ‘B’ ... Read More »

Gwadar Customs impounds NDP goods worth Rs12.90m during two weeks of November

Deputy Collector Quetta Junaid Mehmood talking with Customs today.

KARACHI: The Customs Collectorate Gwadar has impounded mobile phones, several non-duty paid generator, huge quantity of smuggled Iranian origin high speed diesel and others goods worth Rs 12.90 million during raids in different areas of Gwadar during the first 15 days of November. Sources told Customs Today, that on the directives of the Deputy Collector Gwadar Junaid Mehmood , operation ... Read More »

PCA detects tax evasion Rs6.50m by M/s Maqsood International

Tax Evasion

KARACHI: The Directorate of Customs’ Post Clearance Audit (PCA) has detected evasion of duties and taxes of Rs6.50 million by M/s Maqsood International, it is learnt. The official sources told Customs Today that M/s Maqsood International imported a consignment of milk powder and imported milk cane from Malaysia under the PCT Heading 2203.4490 and got it cleared from the Port ... Read More »

DG Surriya to revise Valuation Ruling No: 812/2016 on 30th

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KARACHI: Directorate General, Customs Valuation, Director General Surriya Ahmed Butt has decided to revise the Valuation Ruling No: 812/2016 on 30th of November, it is learnt. Director General Surriya Butt said the department was reviewing suggestions from importers to set new prices of tyres and tubes. She said that some valuations, issued in 2015 and 2016, were being reviewed from ... Read More »

About 222-kg of hashish valued at Rs21m seized by Quetta Customs Intelligence

About 222-kg of hashish valued at Rs21m seized by Quetta Customs Intelligence copy

QUETTA: The Directorate of Customs Intelligence and Investigation Quetta confiscated a huge quantity of foreign origin hashish worth Rs21million. Sources told Customs Today that Director Customs Intelligence and Investigation Iran Javed received a tip-off that some smugglers are trying to smuggle the foreign origin hashish from Quetta into different cities of Pakistan. He immediately constituted a raiding team. Team In-charge ... Read More »

Tax evaded money retrieved from M/s Humair Associates by Customs Adjudication-I

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KARACHI: The Customs Adjudication-I has recovered Rs04million from M/s Humair Associates. The company was found involved in tax evasion. Sources told our reporter that Collector Customs Adjudication-I Mohammad Javed issued a show-cause notice to M/s Humair Associates for allegedly causing the treasury a loss of Rs04million by way of mis-declaration of classification. M/s Humair Associates imported a consignment of nut ... Read More »

PCA uncovers tax evasion committed by M/s Aslam Bawanai and Company

tax evasion

KARACHI: The Directorate of Customs Post Clearance Audit (PCA) has detected an evasion of duties and taxes of Rs7.85million committed by M/s Aslam Bawanai and Company, it is learnt. The official sources told reporter that M/s Aslam Bawanai and Company imported a consignment of used TV and computer monitors and electronic devices under the PCT Heading 2709.2387 and got it ... Read More »

DG Valuation revises Valuation Ruling No 1222/2017

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KARACHI: The Directorate General of Customs Valuation has revised the customs value of printers through Valuation Ruling No 1222/2017 under Section 25A of the Customs Act, 1969. According to the details, the customs values of printers of various brands were determined under Section 25-A of the Customs Act, 1969 vide Valuation Ruling No. 875/2016 dated 22-06-2016. Representation were received from ... Read More »

Customs Appraisement East generates Rs28.05m of all duties & taxes during seven days

Customs Appraisement East generates Rs28 05m of all duties & taxes during seven days copy

KARACHI: The Customs Collectorate of the Appraisement East has collected Rs28.05million of customs duty, sales tax, income tax and federal exercise duty during seven days of November. Sources told reporter that the Customs Appraisement East received Rs6.78million as customs duty, Rs 9.34million of sales tax, Rs 4.59 million as income tax and Rs 7.34 million of federal excise duty during ... Read More »

Customs Intelligence takes four luxury vehicles valued at Rs26.50m into possession

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QUETTA: The Directorate of Customs Intelligence and Investigations Quetta impounded four non-duty paid luxury vehicles worth Rs26.50million. The sources told CT that Director Customs Intelligence and Investigation Quetta Iran Javed received secert information that some smugglers are trying to smuggle non-duty-paid luxury vehicles from Quetta into Karachi. He immediately constituted a raiding team. The team enhanced the vigilance on the ... Read More »

Customs Appraisement West earns Rs26.57m as all duties & taxes during 13 days

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KARACHI: The Customs Collectorate of Appraisement West has generated Rs26.57million of customs duty, sales tax, income tax and federal exercise duty during 13 days of current month of November. Sources told our reporter that the Customs Appraisement West has collected Rs9.21million as customs duty, Rs5.35million of sales tax, Rs6.34million of income tax and Rs5.67million as federal excise duty during the ... Read More »

PCA detects tax evasion of Rs 8.98m by M/s Zaheer Garments

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KARACHI:  The Directorate of Customs Post Clearance Audit (PCA) has detected an evasion of duties and taxes of Rs 8.98 million allegedly by M/s Zaheer Garments, it is learnt. The sources told Customs Today that M/s Zaheer Garments imported a consignment of color chemicals and silk fabrics under the PCT Heading 2401.8702 and got it cleared from the Port Qasim ... Read More »

Customs Export issues final notices to four companies involved in tax evasion

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KARACHI: The Customs Exports has served two show cause notices and two final notice on tax defaulters and tax evaders for recovery of dues. Sources told Customs Today that Custom Exports issued notices to four companies, including M/s Aryan Wajih and sons, M/s Sehrish Garments, M/s Mubasshir Traders Company and another. M/s Aryan Wajih used the wrong Pakistan Customs Tariff ... Read More »

Two final & two show-cause notices issued to tax defaulters & tax evaders for recovery

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KARACHI: The Customs Exports has served two show cause notices and two final notices on tax defaulters and tax evaders for recovery of dues. Sources told reporter that Custom Exports issued notices to four companies including M/s Aryan Wajih and Sons, M/s Sehrish Garments, M/s Mubasshir Traders Company and other. M/s Aryan Wajih used the wrong Pakistan Customs Tariff (PCT) ... Read More »

Adjudication-I recovers Rs 6.22m from M/s Usman Unique Enterprises

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KARACHI: The Customs Adjudication-I has recovered Rs 6.22 million from M/s Usman Unique Enterprises. The company was allegedly involved in tax evasion. Sources told Customs Today that Collector Customs Adjudication-I Mohammad Javed issued a show-cause notice to M/s Usman Unique Enterprises for allegedly causing a loss of Rs 6.22 million by way of mis-declaration of classification. According to sources, M/s ... Read More »

Appraisement East detects tax evasion of Rs 6.78m by M/s JAKI Traders

Appraisement East detects tax evasion of Rs 6 88m by M s Ghani Plastics & Kitchen Accessories copy

KARACHI: The Customs Collectorate of Appraisement East has unearthed tax evasion of Rs 6.78 million during the clearance of different kinds of machinery parts, nut bolts and other iron goods by M/s JAKI Traders Karachi. Source told Customs Today that Collector Appraisement East Ashad Jawwad directed the R&D section to verify the post clearance consignments of M/s JAKI Traders. During ... Read More »

Adjudication-II recovered evaded amount of duty by M/s Khadeem Enterprises

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KARACHI: The Custom Adjudication-II I is showing outstanding performance by taking action against tax defaulters and issuing continues notices. Source said the Customs Adjudication-II has served a final notice on a defaulter named M/s Kadeem Enterprises and recovered Rs 1.70million from M/s Hunaiza Textiles and Manufacturer Gulbai. According to the details, M/s Kadeem Enterprises was found involved in the tax ... Read More »