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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

PIA official, passenger arrested for attempting to smuggle 1,835 smart phones from Abu Dhabi

PIA official passenger arrested for attempting to smuggle 1 835 smart phones from Abu Dhabi copy

LAHORE: Customs Preventive team deputed at Allama Iqbal International Airport has arrested a PIA official and his companion who allegedly attempted to smuggle 1,835 cell phones worth Rs 27.5 million. Sources told Customs Today that the PIA official received a family coming from Abu Dhabi with six suit cases and hand carry bags. The PIA official Nasrullah Khan received the ... Read More »

PCA detects tax evasion of Rs 102.5m during first 20 days of August

PCA detects tax evasion of Rs 102 5m during first 20 days of August copy

KARACHI: The Directorate of Post Clearance Audit (PCA) has shown outstanding performance during the first 20 days of August 2017 and detected 11 cases involving a revenue of Rs 102.5 million. Sources told Customs Today that Directorate of Post Clearance Audit headed by Director Nadeem Memon detected cases pertaining to short payment of customs duty and sales tax/ and withholding ... Read More »

Customs North Region stays surplus with Rs33.22m WHT during 11 days of August 2017-18

Customs North Region stays surplus with Rs33 22m WHT during 11 days of August 2017 18 copy

ISLAMABAD: The Customs North Region, comprising four Model Customs Collectorates (MCCs) including MCC Islamabad, MCC Samberial, MCC Peshawar and MCC Gilgit-Baltistan (GB), collected extra revenue of Rs33.22million as With Holding Tax (WHT) during the 1st to 11th of August Financial Year (FY) 2017-18 against the same financial period of FY16-17. The North Region earned Rs260.63million of WHT during the initial ... Read More »

Customs Exports issues show cause notices to three factories involved in tax evasion

Customs Exports issues show cause notices to three factories involved in tax evasion copy

KARACHI: The Customs Exports has issued show cause notices to thee factories, M/s Rana Traders Karachi, M/s Ayatullah and Sons Karachi and M/s SK Enterprises Thatta to recover the evaded tax amounts. According to the details, M/ s Rana Traders Karachi used wrong Pakistan Customs Tariff (PCT) headings to get a consignment of rubber toys, plastic items and other things ... Read More »

Multan Customs generates Rs138.463m from various auctions

Multan Customs generates Rs138 463m from various auctions copy

MULTAN: The Customs Collectorate has generated almost Rs138.463 million from the auction of confiscated vehicles and miscellaneous goods through different auctions in the on-going fiscal year 2016-17. According to details, Multan Customs has generated handsome revenue through public sale of non-duty paid (NDP) vehicles and various miscellaneous items during monthly auction held in Custom House Multan. The Customs Collectorate Multan ... Read More »

Customs Export collects Rs 11.2m during first 15 days of August

Customs Export collects Rs 11 2m during first 15 days of August copy

  KARACHI: The Customs Exports has successfully collected Rs 11.2 million during the first 15 days of August 2017 of the fiscal year 2017-18. Sources told Customs Today that Customs Exports issued ten show cause notices out of which six final notices were served on defaulter companies in first 15 days of August. It is necessary to mention here the ... Read More »

NDP vehicles & smuggled goods worth Rs72.282m impounded by ASO Quetta during July

NDP vehicles & smuggled goods worth Rs72 282m impounded by ASO Quetta during July copy

QUETTA: The Anti-Smuggling Organization (ASO) Quetta took into possession Non-Duty-Paid (NDP) smuggled vehicles, petroleum products and goods valued at Rs72.282million during July Financial Year FY2017-18. According to details explained by sources of Model Customs Collectorate (MCC) Quetta that, during July FY2017-18, the ASO Quetta impounded 47 NDP vehicles from different parts of MCC Quetta jurisdiction under the Customs Act-1969. The ... Read More »

MCC Peshawar follows words of FBR chief by earning Rs631.88m in 12 days of August

MCC Peshawar follows words of FBR chief by earning Rs631 88m in 12 days of August copy

PESHAWAR: The Model Customs Collectorate Peshawar has received Rs631.88million revenue during the first 12 days of August FY 2017-2018, sources told Customs Today on Friday at Customs House Peshawar. Deputy Collector MCC Peshawar termed the increase in collection a vital job done to expand the tax-net as stated by the newly appointed FBR chairman to do so by increasing the ... Read More »

IDP collects Rs59.09m of CD during first 10 days of August 2017-18

IDP collects Rs59 09m of CD during first 10 days of August 2017 18 copy

ISLAMABAD: The Islamabad Dry Port (IDP) generated Rs59.09million of Customs Duty during the initial 10 days (1st to 10th) of August Financial Year FY2017-18. According to details given by Amanat Khan, Assistant Collector IDP, that, during initial 10 days of August FY17-18, the performance of the IDP remained satisfactory. The IDP’s performance regarding all duties and taxes also looked excellent. ... Read More »

Appraisement West collects Rs 21,954m duties & taxes in July 2017

Appraisement West collects Rs 21 954m duties & taxes in July 2017 copy

KARACHI: The Customs Collectorate Appraisement West has collected at least Rs 21,954 million duty and taxes under the heads of customs duty, sales tax, income tax and the federal excise duty in the month of July 2017. Official sources told Customs Today that the Customs Appraisement West collected Rs 8,617 million customs duty, Rs 9,339 million sales tax, Rs 3,876 ... Read More »

Appraisement East collects Rs 40,365m duties & taxes in July 2017

Appraisement East collects Rs 40 365m duties & taxes in July 2017 copy

KARACHI: The Customs Collectorate  of Appraisement East has collected at least Rs 40,365 million taxes and duties under the heads of customs duty, sales tax, income tax and federal excise duty during the month of July 2017. According to sources, the Customs Appraisement East collected Rs 14,988 million customs duty, Rs17, 918 million sales tax, Rs 7,183 million income tax ... Read More »

Peshawar Customs generates Rs2.3b by seizing smuggled goods

Peshawar Customs generates Rs2 3b by seizing smuggled goods copy

PESHAWAR: The Custom Collectorate Peshawar generated handsome revenue of Rs2.3 billion under the  head of smuggled goods including vehicles, tyres, petrol, medicines, mobiles phones, generators and other raw materials in last financial year 2016-17. According to the details, the items recovered in previous financial year of 2016-17, include 23 vehicles having value of Rs600 million, 18 vehicles having value of ... Read More »

Sialkot Excise adopts effective plan to recover Rs900m from 60,000 defaulters

Sialkot Excise adopts effective plan to recover Rs900m from 60 000 defaulters copy

SIALKOT: The Excise and Taxation Department has chalked out an effective plane to ensure the maximum recovery of the property taxes amounting to Rs900 million from more than 60,000 defaulters in Gujranwala Division. According to the senior excise and taxation officials, as many as 18 special recovery teams has also issued the final recovery notices to more than 10,000  defaulters ... Read More »

IDP stands surplus with Rs68.7m CD during 31 days of July 2017-18

IDP stands surplus with Rs68

ISLAMABAD: The Islamabad Dry Port (IDP) generated surplus Customs Duty (CD) during the 1st to 31st of July Financial Year FY2017-18 against the collection of CD during the same period of corresponding July FY2016-17. The IDP collected Rs68.7million surplus amount during the whole month of July FY20 17-18. According to details given by Assistant Collector Amanat Khan while talking with ... Read More »

Delay in launching of Electronic Data Interchange causing loss of Rs 100 billion

Delay in launching of Electronic Data Interchange causing loss of Rs 100 billion copy

ISLAMABAD: The Chinese exporters are creating hurdles in launching of Electronic Data Interchange System between Pakistan and China, sources said. Sources told Customs Today that due to non-availability of import and export data, Pakistan is bearing revenue losses of more than Rs 100 billion under the head of customs duty and other taxes. Sources said that Federal Board of Revenue (FBR) ... Read More »

Customs Exports collects Rs 38.12m during July 2017

Customs Exports collects Rs 36 67m during first 28 days of July copy

KARACHI: The Customs Exports authorities have successfully collected Rs 38.12m tax during the month of July 2017. Sources told Customs Today that Customs Exports issued 11 show cause notices out of which eight final notices were served on defaulter companies. The Customs Exports issued show cause notices to two factories in order to collect the evaded tax amount. The customs ... Read More »

AFU Islamabad receives Rs408m of all duties & taxes during 27 days of July

AFU Islamabad receives Rs408m of all duties & taxes during 27 days of July copy

ISLAMABAD: The Customs Air Freight Unit (AFU) Islamabad collected Rs408.00million of All Duties and Taxes during the initial 27 days of the current month of July Financial Year FY2017-18. According to details given by Deputy Collector AFU Shahid Jan while talking with Customs Today, he said that, in the beginning of new financial year July 2017-18, the performance of the ... Read More »

PCA detects duty, tax evasion worth Rs39m by M/s Nestle Pakistan Ltd

PCA detects duty tax evasion worth Rs39m by M s Nestle Pakistan Ltd copy

KARACHI: The Directorate of Post Clearance Audit (PCA) has detected massive evasion of duty and taxes around Rs39 million by M/s Nestle Pakistan Limited by way of mis-declaration of classification, it is learnt. According to sources, the PCA Directorate while scrutinizing import data found that M/s Nestle Pakistan Limited, Lahore imported 18 consignments of “peach puree/peach puree concentrate”, and got ... Read More »

Hyderabad Customs collects Rs1040.890m revenue during 25 days of July

Hyderabad Customs collects Rs1040 890m revenue during 25 days of July copy

HYDERABAD: The Model Customs Collectorate Hyderabad has received Rs1040.890million revenue during 25 days of July 2017-18. According to details, Hyderabad and Sukkur divisions have generated Customs Duty of Rs158.556million, Sales Tax of Rs850.804million, Special FED on Imports Rs1.785million and With Holding Tax of Rs29.655million during 25 days of July 2017-18. The major tax sources are Bonded Warehouse SWH and KPR ... Read More »

Quetta ASO impounds smuggled vehicles, goods worth Rs 37.988m during 24 days of July

Quetta ASO impounds smuggled vehicles goods worth Rs 37 988m during 24 days of July copy

QUETTA: The Anti-Smuggling Organization (ASO) Quetta impounded various non-duty-paid (NDP) vehicles and smuggled goods worth Rs 37.988 million from July 1 to 24 during financial year 2017-18. Talking to Customs Today, Deputy Collector ASO Junaid Mehmood said that under the guidance of Collector MCC Quetta Dr Saeed Jadoon, the performance of the collectorate remained excellent during 24 days of July. ... Read More »