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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 collects Rs 850m tax, documents Rs 85 billion of working capital via tax amnesty scheme

FBR collects Rs 850m tax, documents Rs 85 billion of working capital via tax amnesty scheme

ISLAMABAD: The Federal Board of Revenue (FBR) is of the view that Voluntary Tax Compliance Scheme (VTCS) can’t be declared as a failed attempt to broaden the tax base and document the economy. “So far 9,020 returns have been filed under the VTCS and a huge amount of tax Rs 850 million has been deposited resulting into documentation of working ... Read More »

Sialkot Customs confiscates items worth Rs 28.87m in April

Sialkot Customs collects Rs 25 copy

SIALKOT: The Customs Anti-Smuggling Organisation (ASO) made significant progress against smuggling and seized non-duty paid goods and vehicles worth Rs 28.87 million in April 2016 as compared to Rs 14.87 million during the same period last year. The ASO officials, following the directions of Collector Ahmad Reza, conducted various anti-smuggling operations in the region. Under the supervision of Assistant Collector ... Read More »

Peshawar ASO seizes items worth Rs 942m in 10 months

Peshawar ASO seizes items worth Rs 942m in 10 months

ISLAMABAD: The Customs Anti-Smuggling Organisation (ASO), Peshawar, confiscated smuggled items, including vehicles worth Rs 942.57 million during the first 10 months of the current fiscal year 2015-16. As per details, the Peshawar ASO seized the items worth Rs 1709.67 during same corresponding period of last year 2015-16. The department seized items almost Rs 767.1 million less than the last year. ... Read More »

Faisalabad Appraisement collects Rs 6075.89m in 10 months

Faisalabad Appraisement collects Rs 6075

FAISALABAD: Customs Collectorate of Appraisement surpassed the revenue target for first ten months (July-April ) 2016, as it collected Rs 6075.89 against the set target of Rs 6042.21 million. As per details, the Custom Appraisement was assigned Rs 3618.34 million revenue collection target in wake of sales tax but appraisement surpassed the target by 135 percent, as it collected Rs ... Read More »

Faisalabad Customs Appraisement collects Rs 678.9m in April

Faisalabad Customs Appraisement collects Rs 678

FAISALABAD: The Model Customs Collectorate Appraisement collected Rs 678.94 million during April, 2016 against the set target of Rs 710.57 million by achieving it up to 96 percent. The Customs Appraisement collected revenue under the heads of customs duty (CD), sales tax (ST), income tax (IT) and federal excise duty (FED) during the said period. According to the statistics available with ... Read More »

Ashad Jawwad’s Appraisement East collects Rs 29.279b taxes/duties in April 2016

Appraisement East collects Rs 29

KARACHI: Collector Appraisement East Ashad Jawwad has collected at least Rs 29.279 billion taxes/duties under various heads during the month of April 2016. Sources told Customs Today that the Appraisement East collected Rs 10,581 million under the head of customs duty, Rs 13,878 million under the head of sales tax, Rs 4,684 million as income tax and Rs 137 million ... Read More »

Appraisement-West collects Rs 24.6b in April 2016

Appraisement-West collects Rs 24

KARACHI: The Model Customs Collectorate Appraisement-West collected Rs 24.645 billion in wake of duty/taxes during outgoing month April 2016. Sources told Customs Today that the Appraisement-West collected Rs 9.061 billion under the head of customs duty, Rs 10.996 billion under the head of sales tax, Rs 4.415 million as income tax and Rs 174 million under the head of federal ... Read More »

Gwadar Customs recovered Rs 273m during April

Gwadar Customs recovered Rs 273m during April

KARACHI: The Gwadar Model Customs Collectorate recovered miscellaneous goods worth Rs 273 million during the month of April. Customs Collector Saeed Akram said that during the various action of the department, nine persons were arrested who were allegedly involved in smuggling. He said that 70,000 liter Iranian diesel, two trucks, 400 kilogram charas, 250 bottles of alcohol, 200 handycame cameras ... Read More »

Excise seals 79 propeties, impounds 79 vehicles during action against defaulters

Excise seals 79 propeties, impounds 79 vehicles during action against defaulters

SIALKOT: The Excise and Taxation Department has sealed 79 properties and impounded 48 vehicles due to non-payment of property, professional taxes and token taxes. Sources informed Customs Today that Excise and Taxation Officer Muzaffar Qayyum constituted seven teams to take action against defaulters of property and professional taxes as well as token tax of vehicles. He said that during the ... Read More »

Sialkot RTO collects Rs 915m in April 2016, Rs 92m more than last year

Sialkot RTO collects Rs 915m in April 2016, Rs 92m more than last year

SIALKOT: The Regional Tax Office (RTO) of the Federal Board of Revenue (FBR) collected Rs 915 million during April 2016, surpassing the collections of the corresponding period by Rs 92 million. The RTO collected taxes under the head of sales tax, income tax, withholding tax and federal excise duty (FED) during the period. It collected Rs 823 million under the ... Read More »

RTO-I collects Rs 52 billion, RTO-II bags Rs 54 billion in April

RTO-I collects Rs 52 billion, RTO-II bags Rs 54 billion in April

KARACHI: The Regional Tax Office-I (RTO-I) of the Federal Board of Revenue (FBR) collected Rs 52.345 billion under the head of different taxes during April 2016. It collected Rs 49.182 billion as income tax, Rs 3.114 billion in wake of sales tax and Rs 49 million under the head of federal excise duty (FED) during the said period. It may ... Read More »

FBR collects Rs2,345 billion taxes in July-April

FBR collects Rs2,345 billion taxes in July-April

ISLAMABAD: Federal Board of Revenue (FBR) has collected Rs2,345 billion taxes during first ten months (July-April) of the current fiscal year with 19 per cent growth over the corresponding period of last year. According to FBR spokesperson Dr Mohammad Iqbal, the FBR has collected Rs242 billion in the month of April as against Rs183 billion collected in the corresponding month ... Read More »

Customs intelligence impounds Rs 753m vehicles, items in nine months

Customs intelligence impounds Rs 753m vehicles, items in nine months

LAHORE: Customs Intelligence and Investigations has seized Rs 753 million non-customs paid goods, articles and vehicles involving duty and taxes worth Rs 545 million during the nine months of financial year 2015-16. As per official data, the directorate impounded 29 foreign made vehicles worth Rs 58,400,000. The directorate seized 64512 yards of foreign made cloth worth Rs 6488,406, 490 cartons ... Read More »

Modern scanners will be installed at Karachi airport to curb smuggling

Modern scanners will be installed at Karachi airport to curb smuggling

KARACHI: The Federal Board of Revenue (FBR) has asked the Model Customs Collectorate Preventive, Karachi to take measures to curb smuggling at Jinnah International Airport. Following he directions, the collector convened a meeting of the officers at his office in which it was decided that the latest technology scanners would be installed at the arrival and departure parts of the ... Read More »

RTO-II recovers Rs 12.6m from two tax defaulter companies

RTO-II recovers Rs 12

KARACHI: The Regional Tax Office-II (RTO-II) of the Federal Board Revenue (FBR) has recovered Rs 12.6 million in wake of sales tax from two companies. As per details, Al-Rehman Fabrics and Export was not paying taxes since long on which the RTO issued notices to the company but no any response was received. A team of officials visited the company ... Read More »

Customs Preventive collects Rs 262m duty from Pak-Indian trade

Customs Preventive collects Rs 262m duty from Pak-Indian trade

LAHORE: The Customs Preventives has collected Rs 262 million custom duty from Land Freight Unit (LFU) Wagah during the first nine months of current fiscal year on account of Pakistan-India trade through border, according to official data. It added that the major products which were exported to India during the period included dry dates, rock gypsum, soda ash, hydrogen peroxide, ... Read More »

Pak-China satellite to monitor economic corridor, borders, smuggling

Pak-China satellite to monitor economic corridor, borders, smuggling

KARACHI: Pakistan and China will launch Pakistan Remote Sensing Satellite (PRSS-1) for monitoring the economic corridor consisting of 2,442 km from Gwadar to Kashgar. According to the source, Pakistan Remote Sensing Satellite (PRSS-1) will not only be monitoring but will also be keeping eye on border crossing, smuggling from borders as well as terrorist activities. Pakistan Space and Upper Atmosphere ... Read More »

RTO collects Rs 2,112m from CDA, Iesco

RTO collects Rs 2,112m from CDA, Iesco

ISLAMABAD: The Regional Tax Office (RTO) has recovered an amount of Rs 2,112 million from the Capital Development Authority (CDA) and Islamabad Electricity Supply Company (Iesco). Sources informed Customs Today that the RTO collected Rs 1.88 billion from the CDA under the head of income tax, while Iesco paid Rs 600 million to the Regional Tax Office. According to sources, ... Read More »

Govt again places Ayyan Ali’s name in Exit Control List

ayan ecl

ISLAMABAD: After directions from the Supreme Court, the government removed super model Ayyan Ali’s name from the Exit Control List (ECL), but again reversed its decision by putting her name in the ECL. Sources informed Customs Today that Collector Dr Arsalan Subuctageen and the secretary interior submitted relevant documents in Supreme Court. According to these documents, the government removed the ... Read More »

ASO seizes gutka worth Rs 5.5m

ASO seizes gutka worth Rs 5

ISLAMABAD: Continuing the anti-smuggling drive under the special directives of Model Custom Collectorate collector, the Anti-Smuggling Organisation (ASO) seized 2.2 metric ton of Indian origin banned smuggled guttka worth Rs 5.5 million. Under the supervision of Assistant Collector Tahir Khattak, the ASO team intercepted a 22 wheeler trailer bearing Registration No TLH-987 near entry point of Islamabad, which was coming ... Read More »