Quantcast
Tuesday , December 12 2017
Breaking News
Home / Islamabad

Islamabad

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

Haroon appreciates FBR deterrence against tax evasion

Photo of Haroon Akhtar world Bank

ISLAMABAD: The International Monetary Fund (IMF) has showed satisfaction on the efforts of the Federal Board of Revenue (FBR) to collect the tax revenue as well as stressed the need for broadening the tax base. According to the details, IMF’s Post-Program Monitoring Mission met with Special Assistant to Prime Minister Haroon Akhter regarding tax policy and administrative issues while Chairman ... Read More »

Now people aspire to be called civilised citizens by paying taxes: Collector Ashraf

As-01

ISLAMABAD: Collector of Customs Quetta Ashraf Ali said “It clearly indicates that now the masses do want to pay taxes and wish to be called the civilized citizens”. He stated this while giving an exclusive interview to Customs Today. He said that millions of rupees were collected by the customs authorities of the Quetta Collectorate during the month of November Financial ... Read More »

Customs North Region generates Rs360m more Sales Tax during November

PROFIT

ISLAMABAD: The Customs North Region earned over Rs360million of extra Sales Tax against an assigned revenue target for the month of November Fiscal Year 2017-18. The sources notified that, during the month of November Financial Year (FY) 17-18, the North Region, comprising collectorates of Islamabad, Peshawar, Samberial and Gilgit-Baltistan), generated Rs1645.90million as Sales Tax (ST) whereas it was assigned a ... Read More »

MCC Islamabad’s Customs Stations earn Rs20m additional CD during November

increase exports

ISLAMABAD: All the Customs Stations, working under the command of the Model Customs Collectorate of Islamabad, collected Rs20million extra Customs Duty during the month of November Fiscal Year (FY) 2017-18. According to details given by sources of the Model Customs Collectorate (MCC) Islamabad that all the customs stations, comprising Islamabad Dry Port (IDP), Air Freight Unit (AFU), Car Section, Customs ... Read More »

Customs Appellate Tribunal reserve verdict on plea filed by M/s Indus Laboratory

customs court adjournes case

ISLAMABAD: A single bench of Customs Appellate Tribunal reserved verdict on a customs matter filed by M/S Indus Laboratory on Monday. The customs matter was filed against FBR field office. Muhammad Nasir Khan, Member Technical of Customs Appellate Tribunal earlier had heard references challenging announcements made by field offices of Federal Board of Revenue. The bench was hearing M/s Indus ... Read More »

IHC issues directives to parties on customs matter filed by M/s Hasas Engineering

IHC

ISLAMABAD: Hearing cases carrying customs matter, Islamabad High Court issued directives to parties to submit record prior to next date of hearing for further arguments. IHC division bench comprising Justice Aamer Farooq and Justice Mohsin Akhtar Kiyani heard the case filed by Additional Collector Customs, Islamabad. The office had filed the case against an Akbar Khan and others.  Earlier the ... Read More »

ASO Islamabad impounds 114 vehicles, other items valued at Rs300m

import automobiles

ISLABABAD: The Anti-Smuggling Organization has taken into possession 114 vehicles and other smuggling goods worth above Rs300million during five months of existing Financial Year 2017-18. This was stated by Majid Hussain Gadd, Assistan Collector, Preventive Division Islamabad. During July to November, the ASO Islamabad impounded 95 offending vehicles (vehicles used for carrying smuggling goods) valued at Rs102.77million whereas the Car ... Read More »

AFU Recovery Branch Islamabad gets over Rs600m as deferred payment from PIAC

recovery

ISLAMABAD: The Recovery Branch of the Customs Air Freight Unit Islamabad has received over Rs600million as deferred payment from M/s Pakistan International Airlines Corporations (PIAC), official sources told Customs Today. The Air Freight Unit (AFU) told CT that it has recovered above said dues out of the total deferred payment of Rs1173.582million of all duties and taxes during the month ... Read More »

IDP earmarked slightly higher CD target with Rs800m for 2nd Quarter

fbr-assigns-rs-1107m-revenue-target-to-islamabad-customs-copy

ISLAMABAD: The Customs Islamabad Dry Port has been assigned a collection target of Rs800million as Customs Duty for 2nd Quarter Fiscal Year 2017-18. According to details given by Deputy Collector Tahir Iqbal Khattak that the revenue target is slightly higher against the 1st Quarter (July to September) Financial Year (FY) 2017-18. The collectorate was allocated Rs706.54million of CD whereas the ... Read More »

AB Islamabad generates marginally extra CD in first week of December

increase g

ISLAMABAD: The Customs Accompanied Baggage (AB) Section of the Model Customs Collectorate (MCC) Islamabad earned Rs90000 extra Customs Duty against an assigned proportional revenue collection target during the first week of December Financial Year 2017-18. According to details explained by Ali Asad, Assistant Collector AB, that the performance is satisfactory during the first week of December Financial Year (FY) 2017-18. ... Read More »

IHC reserves verdict of customs case involving field office of FBR

IHC

ISLAMABAD: Islamabad High Court benches reserved decision on a customs case and dated in office hearing of other cases during first week of December involving field offices of Federal Board of Revenue (FBR). In this regard, IHC bench comprising Justice Shaukat Aziz and Justice Mohsin Akhtar reserved decision on M/s Pakhtoon’s customs case. The appellant had filed the case against ... Read More »

IHC settles customs matter filed by M/s Al Catel Lusent Pakistan Limited

Customs Court adjourns case filed against mobile phone smuggler copy

ISLAMABAD: Islamabad High Court disposed of M/s Al Catel Lusent Pakistan Limited’s customs matter with directives to department to administer hearing on appellant’s petition pending before departmental adjudication within 60 days. The bench had reserved decision on the case after the appellant and respondent submitted record. IHC bench comprising Justice Shaukat Aziz and Justice Mohsin Akhtar had heard the case ... Read More »

ATIR hears final arguments on petition filed by M/s Pakistan Mobile Company Limited

customs court adjournes case

ISLAMABAD: Appellate Tribunal Inland Revenue (ATIR) heard final arguments on a petition challenging a show cause notice issued by filed office of Federal Board of Revenue regarding outstanding taxes and reserved decision on the case during first week of December. Account Member Dr Ghulam Mujtaba Bhatti had reserved decision on tax matter filed by M/s Pakistan Mobile Company Limited. According ... Read More »

FBR considers extending date of filing returns by 31 December

fbr

ISLAMABAD: The Federal Board of Revenue is considering to extend the date of filing of Income Tax returns and statements for Tax Year 2017 till 31st of December 2017. According to the sources of the FBR, taxpayers were complaining to the FBR that they are facing problems in filing the online returns and demanded that date of filing of income ... Read More »

FBR chairman Pasha denies appointment of corrupt officials in field formations

????????????????????????????????????

ISLAMABAD: The Federal Board of Revenue (FBR) has sent the reply of a letter to the Prime Minister’s Office, which had been sent by the secretary to prime ministr, Fawad Hassan Fawad, regarding the appointments of corrupt officials on attractive posts in field formations. According to the FBR sources, FBR Chairman Tariq Mehmood Pasha denied all the allegations, which were ... Read More »

AFU Islamabad earns Rs78.59m more CD during first week of December

profit

ISLAMABAD: The Customs Air Freight Unit Islamabad generated Rs78.59million extra revenue against an earmarked proportional revenue target of Customs Duty during the first week of December Fiscal Year 2017-18. According to details explained by Nisar Ahman Phullarwan, Additional Collector Air Freight Unit (AFU) Islamabad, that the AFU was allocated a proportional revenue collection target of Rs48.46million for the first week ... Read More »

PM visits FBR, orders action against tax evaders, corrupt officials

khaqanabbasi

ISLAMABAD: Prime Minister Shahid Khaqqan Abbasi has urged the chairman and other officers of the Federal Board of Revenue (FBR) to expedite their efforts to broaden the tax base and take stern action against tax evaders and corrupt board employees. According to the FBR sources, the prime minister paid a surprise visit of the FBR and met with Special Assistant ... Read More »

Rs4,669/ metric tons: FBR imposes regulatory duty on LPG import

lpg

ISLAMABAD: Federal Board of Revenue (FBR) has imposed regulatory duty on import of liquefied petroleum gas (LPG) at the rate of Rs4,669 per metric tons. The FBR has issued an SRO 1214(I)/2017 to amend the RD related SRO 0135(I)/2017. According to the notification, a new entry has been added in the SRO 0135(I)/2017 for imposition of the regulatory duty (RD) ... Read More »

FBR audits Telenor’s withholding tax

Telenor-Pakistan

ISLAMABAD: Federal Board of Revenue (FBR) has audited withholding tax of Telenor Pakistan (Pvt) Limited to determine the deduction and deposit by the mobile phone service provider company. According to a circular issued by the FBR, the board constituted a team in this regard. It said that a detailed discussion was held with Islamabad Large Taxpayers Unit (LTU) Commissioner Shakeel ... Read More »

FBR moves summary before ECC for rationalising RD on several items

Customs-duty1

ISLAMABAD: The Federal Board of Revenue has moved a summary before the Economic Coordination Committee (ECC) of the Cabinet for rationalising regulatory duty (RD) on several items including generators. On the demand of both treasury and opposition benches belonging to Parliament had recommended the FBR for rationalising RD on several items after taking concerned stakeholders into confidence. There has been ... Read More »