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Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

FBR faces Rs100b shortfall in meeting Rs3,521b target

FBR faces Rs100b shortfall in meeting Rs3 521b target copy

ISLAMABAD: The Federal Board of Revenue (FBR) may suffer Rs100 billion shortfall in achieving the tax target set for the outgoing fiscal year. According to a senior official, the FBR would likely be able to collect Rs3,421 billion instead of Rs3,521 billion till June 30. However, he said efforts are being made to touch Rs3,450 billion. If compared with the ... Read More »

AFU Export Section gets Rs932.93m of business during 15 days of June

AFU Export Section gets Rs932 93m of business during 15 days of June copy

ISLAMABAD: The Customs Export Section of Air Freight Unit (AFU) earned business of Rs932.93million during 15 days (1st June to 15th of June) of Financial Year 2016-17 whereas it cleared export consignments of 1,419 Goods Declarations (GDs) under both ends WeBOC and One Customs. According to Deputy Collector Tahir Khattok, mango season has started and the AFU exported mangoes of ... Read More »

Peshawar BWH receives Rs128.34m All Duty Taxes from 1st to 15th of June

Peshawar BWH receives Rs128 34m All Duty Taxes from 1st to 15th of June copy

PESHAWAR: The Bonded Ware House (BWH), Dry Port Peshawar, collected Rs128.34million of All Duty Taxes during the 1st to 15th of June’s Financial Year FY2016-17. According to Bonded Section Peshawar, during the initial 15 days of June FY2016-17 the Bonded Section earned Rs45.80million of Customs Duty (CD) whereas it did Rs0.15million of With Holding (WH) Surcharges. During above said period, ... Read More »

Customs I&I seizes non-duty paid vehicles worth Rs 73m till June 15

Customs I&I seizes non duty paid vehicles worth Rs 73m till June 15 copy

LAHORE: The Customs Investigation and Intelligence has seized over Rs 73 million non-customs paid foreign made vehicles during the last six months from January 2017 to June 15, 2016-17. Official data revealed that the Directorate of Customs Intelligence and Investigation seized 20 vehicles from various places in Lahore, including from Allama Iqbal Town, Model Town, Defence, Ravi Road, Gulberg and ... Read More »

Islamabad warehouse receives Rs7.15m revenue thru auction of various goods

Islamabad warehouse receives Rs7 15m revenue thru auction of various goods copy

ISLAMABAD: The State Warehouse (SW) Airport Islamabad earned Rs7.15million of revenue through open public auction of various confiscated goods held on the premises of Air Freight Unit (AFU) building on 15th of June’s Financial Year 2016-17. According to Ali Asad, Assistant Collector State Warehouse AFU Islamabad while talking to Customs Today, it was the 2nd public auction during Financial Year ... Read More »

FBR recovers Rs 10m by seizing non-duty paid cigarettes

FBR recovers Rs 10m by seizing non duty paid cigarettes copy

LAHORE: The Federal Board of Revenue (FBR) has recovered Rs 10 million by seizing non-duty paid cigarettes from different shops during the last 15 days of the current month. Sources told Customs Today that the FBR teams took actions against sellers of non duty paid cigarettes, including Yasir Karyana Store, Aminpur Bangla, Nadeem Traders, Manarwa Centre, Ilyas Traders, and Javed ... Read More »

ASO impounds vehicles, contraband items worth Rs 370m in 11 months

ASO impounds vehicles contraband items worth Rs 370m in 11 months copy

LAHORE: Customs Anti- Smuggling Organization (ASO) has impounded goods and non-customs’ paid items worth Rs 370 million from various places in the city during the first 11 months of the financial year 2016-17. Sources told Customs Today, the ASO registered 307 cases of non-duty paid items and vehicles worth Rs 370 million. The ASO Lahore registered 47 cases of non-duty ... Read More »

Quetta Customs allocates Rs2272.61m of All Duty Taxes for June

Quetta Customs allocates Rs2272 61m of All Duty Taxes for June copy

QUETTA: The Model Customs Collectorate (MCC) Quetta has assigned Rs2272.61million of All Duty Taxes for June of Financial Year FY2016-17. The targets of current month (June FY16-17) are higher than the assigned targets of previous month (May FY16-17). The Federal Board of Revenue (FBR) has allocated Rs809.61million of Customs Duty (CD) whereas earmarked Rs1105.00million of Sales Tax (ST) and Rs38.00million ... Read More »

Peshawar customs gets Rs1686.51m ADT while it does Rs1670.86 revenue in May 2016-17

Peshawar customs gets Rs1686 51m ADT while it does Rs1670 86 revenue in May 2016 17 copy

PESHAWAR: The Model Customs Collectorate Peshawar (MCCP) collected a total of Rs1686.51million All Duty Taxes while it received Rs1670.86million revenue during the month of May 2016-17 with a difference of Rs16.25 million. According to official figures of the Peshawar Customs House, it generated Rs413.17million during May 2017 under the head of Customs Duty against Rs441.45million during May2016. The total difference ... Read More »

BBIA stays surplus with additional income of Rs3.1m during May

BBIA stays surplus with additional income of Rs3 1m during May copy

ISLAMABAD: Customs staff of the Benazir Bhutto International (BBI) Airport surpassed its assigned target with an additional collection of Rs3.1million during May of Financial Year 2016-17. According to Sadia Usman, Assistant Collector, that the BBI Airport Islamabad generated Rs28.10million revenue through accompanied baggage under the head of duty taxes during May FY2016-17. She added that the BBIA was allocated with ... Read More »

FBR collects Rs 10b WHT from sellers of immovable property during 11 months of FY 2016-17

FBR collects Rs 10b WHT from sellers of immovable property during 11 months of FY 2016 17 copy

ISLAMABAD: The Federal Board of Revenue (FBR) has collected over Rs 10 billion through 38,034 transactions under section 236K of withholding tax from sellers of immovable property in 11 months of the current financial year till May 31. Sources told Customs Today that during the last financial year, the FBR collected Rs 5.38 billion in 44,288 transactions in the same ... Read More »

Sialkot Excise seals 300 properties, impounds 211 vehicles due to tax default

Sialkot Excise seals 300 properties impounds 211 vehicles due to tax default copy

SIALKOT: The special recovery teams of the Excise and Taxation Department have sealed as many as 300 properties besides , impounding 211 luxury and other vehicles for the prolonged non-payment of their taxes in Gujranwala Division’s  all the six Sialkot, Narowal, Gujrat, Mandi Bahaud Din, Hafizabad and Gujranwala districts, during the ongoing crack down against the tax defaulters  as well. ... Read More »

Multan customs issues ONO for seizure of 14 kg of gold & foreign currency

Multan customs issues ONO for seizure of 14 kg of gold & foreign currency copy

MULTAN: Collector Customs Adjudication issued an Order-in-Original for confiscation of 14 kilogram gold and foreign currency worth Rs64.6million. A Multan customs authority had seized the said gold and foreign currency at the Multan International Airport. It is important to mention here that the customs staff intercepted two female passengers named Haleema Riaz and Sumaira Asif who were wearing gold bangles ... Read More »

Multan Customs Intelligence seizes smuggled tyres worth Rs8m in raid

Multan Customs Intelligence seizes smuggled tyres of worth Rs8m in raid copy

MULTAN: Customs Intelligence and Investigation Multan Range Office has seized huge quantity of foreign origin tyres of Rs8 million during raid. According to the details, Directorate of Customs Intelligence and Investigation Multan received credible information from their informer regarding smuggled tyres  lying in the warehouse. Deputy Director Customs Intelligence and Investigation Multan Range Abdul Mueed Kanjoo formed special team for ... Read More »

Hyderabad customs receives Rs1689.917m duties & taxes against target of Rs1930.98m

Hyderabad customs receives Rs1689 917m duties & taxes against target of Rs1930 98m copy

HYDERABAD: Model Customs Collectorate generated Rs1689.917million customs duties and taxes during the last week of May 2017 against the set target of Rs1930.98million. Model Customs Collectorate Hyderabad earned Customs Duty (CD), Sales Tax (ST), Federal Excise Duty (FED) and Income Tax (IT) during the above said period. Collectorate received Rs415.281 Customs Duty (CD) against the allocated target of Rs370.78million. Collectorate ... Read More »

Gwadar Customs foils bid to smuggle huge quantity of Iranian diesel

Gwadar Customs foils bid to smuggle huge quantity of Iranian diesel

KARACHI: Customs Collectorate Gwadar team has foiled an attempt to smuggle huge quantity of Iranian diesel and arrested the accused. Sources told Customs Today that Collector Gwadar Feroz Alam Junejo received credible information about smuggling of Iranian diesel. He immediately constituted a customs team under the supervision of Assistant Collector Kaleem Ullah. The customs team comprising Inspector Ghayor Safdar, Mumtaz ... Read More »

Peshawar ASO seizes goods, vehicles worth Rs 2,172m from July 1 to May 25 in fiscal year 2016-17

Peshawar ASO seizes goods vehicles worth Rs 2 172m from July 1 to May 25 in fiscal year 2016 17 copy

PESHAWAR: Anti-Smuggling Organization (ASO) Peshawar impounded various kinds of smuggled goods, Non-Duty-Paid (NDP) and offending vehicles (vehicles used for carrying smuggled goods) worth Rs2172.448million from 1st July to 25th of May of Financial Year FY2016-17. According to ASO Peshawar, performance of the ASO squad has been good during the current financial year. During above said period, the ASO Peshawar impounded ... Read More »

Hyderabad ASO seizes 63 kg opium on tip-off

Hyderabad ASO seizes 63 kg opium on tip off copy

HYDERABAD: Model Customs Collectorate, Anti-Smuggling Organization, Hyderabad Customs Preventive Larkana-Khairpur, confiscated 63 kilogram of opium. Following a tip-off, Customs staff of ASO squad (Larkana), MCC Hyderabad, on 24th of May 2017, foiled an attempt of smuggling of 63 kg opium valued around Rs130million in the international market by intercepting a trailer and arrested the driver of vehicle. Collector Hyderabad Akhlaq ... Read More »

Torkham customs receives Rs203.73m all duty & taxes in 15 days

Torkham customs receives Rs203 73m all duty & taxes in 15 days copy

TORKHAM: International border customs station Torkham earned Rs203.73million of all duty and taxes during the 1st to 15th of May’s Financial Year FY2016-17. During the current month of May FY16-17, the performance showed better than last month April FY16-17. During the last month, business activity at Torkham was almost nil due to closure of Torkham international border. During the initial ... Read More »

Multan Customs collects Rs3162.038m during first 20 days of May

Multan Customs collects Rs3162 038m during first 20 days of May copy

MULTAN: The Customs Collectorate has collected Rs3162.038 millions revenue during the first twenty days of May during the on-going fiscal year 2016-17. Sources told Customs Today that the Collectorate of Multan Customs collected Rs772.203 million under the head of customs duty from 1st May to 20th May. On the other side, Federal Board of Revenue has allotted customs duty revenue ... Read More »