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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

2,000 liter Iranian origin high speed diesel seized, two suspects arrested

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KARACHI: Customs Intelligence and Investigation (I&I) Anti-Smuggling Organization (ASO) has taken into custody a huge quantity of smuggled high speed diesel worth millions of rupees. According to the details, Customs ASO has registered a case against two suspects, Mohammad Ameen and Muhammad Hussain, who are involved in smuggling. Source informed Customs Today that the Steel Town police station mobile, during ... Read More »

SHC seeks comments on petition filed by M/s Goldway Hygiene challenging enhancement in valuation

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KARACHI: The Sindh High Court (SHC) has directed customs officials to file their comments on a constitutional petition filed by M/s Goldway Hygiene Products, challenging enhancement of valuation of a consignment of non-woven raw material for diaper imported from China. A two-member bench, comprising Justice Munib Akhtar and Justice Omer Sial, heard the petition. Earlier, counsel for the petitioner stated ... Read More »

Customs court awards imprisonment to suspect in diesel smuggling case

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KARACHI: Customs Court Judge Syed Faiz Rasool Rashdi has awarded 15 days imprisonment and a fine of Rs 100,000 to a suspect, Khair Alam, who was booked for attempting to smuggle non-duty paid foreign origin 17,000 liters high speed diesel. During the hearing, the suspect appeared before the court along with his counsel and moved a petition for pleading guilty. ... Read More »

Customs PCA detects tax evasion of Rs 11m by M/s Usman Garments & Exports Karachi

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KARACHI: The Directorate of Customs Post Clearance Audit has detected duties and tax evasion of Rs 11 million by M/s Usman Garments and Export Karachi, it is learnt here. Sources told Customs Today that M/s Usman Garments and Exports imported a consignment of fabric roller machine, printing machine and different kinds of hard printing chemicals, and got it cleared from the PICT ... Read More »

DG Valuation revises customs values of UPVC, CPVC, PPRC & Pipe Fittings

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KARACHI: The Directorate General of Customs Valuation has revised the customs values of UPVC, CPVC, PPRC Pipes and Pipe Fittings Valuation Ruling No: 1259/2018 under Section 25A of the Customs Act-1969. Earlier the Customs values of UPVC, CPVC, C Pipes and Pipe Fittings were determined vide Valuation Ruling No. 1001/16 dated 2.2016. This Valuation Ruling along with Revision Order 349/2017 ... Read More »

Customs Preventive detains six containers of betel nuts cleared through Green Channel

PA Ibrahim Khan at R&D Port Qasim blackmailing importers copy

KARACH: The scam of misusing the Green Channel at Appraisement Port Qasim was once again proved on Wednesday when Pakistan Customs Preventive’s team raided a godown in Korangi Industrial area in Karachi and confiscated six containers filled with smuggled betel nuts which were cleared under the garb of scrap from Port Qasim. Qamar Thallo, spokesperson for Pakistan Customs Preventive, told Customs ... Read More »

DG Valuation revises customs values of energy drinks vide VR No 1260/2018

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KARACHI: The Directorate General of Customs Valuation has revised the customs values of energy drinks vide Valuation Ruling No: 1260/2018 under Section 25A of the Customs Act-1969. The Customs values of various brands of energy drinks from different origins were earlier determined vide Valuation Ruling No. 1203/2017 dated 22.08.2017. Director General Customs Valuation vide Order-in-Revision No. 420/2017 dated 19.12.2017 directed ... Read More »

M/s Izza Trading moves SHC against valuation of Quick Cooking Oats

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KARACHI: The Sindh High Court (SHC) has issued notices to the Customs Department and deputy attorney general on a constitutional petition filed by M/s Izza Trading against enhancement of valuation of consignment of Quick Cooking Oats from $0.61 per kilogram to $2.08 per kilogram. During the hearing of petition, a two-member bench, comprising Justice Munib Akhtar and Justice Omer Sial, ... Read More »

Customs Export retrieves evaded arrears from defaulter companies

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KARACHI: The Customs Export has recovered evaded amount of taxes and duties of Rs9.86million from defaulter companies on Tuesday, 20th of February, which had been earlier issued with notices to pay the outstanding dues. Sources told Customs Today that, during scrutiny of the import data, it was revealed that M/s Reliance and Co availed undue benefits and concessions by importing ... Read More »

Customs values of hot & cold water dispenser & parts revised

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KARACHI: The Directorate General of Customs Valuation has revised the customs values of Hot & Cold Water Dispenser & Parts Valuation Ruling No: 1262/2018 under Section 25A of the Customs Act-1969. The customs values of hot & cold water dispenser & parts were determined vide valuation ruling No.1098/2017 dated 20.03.2017. Being aggrieved with the values of valuation ruling, particularly of ... Read More »

Customs values of Glass Blocks & Glass Mosaics Tiles revised

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KARACHI: The Directorate General of the Customs Valuation has revised the customs values of Glass Blocks & Glass Mosaic Tiles Valuation Ruling No: 1261/2018 under Section 25A of the Customs Act-1969. The customs values of glass blocks of Indonesia origin were determined vide Valuation Ruling No: 533/2013 dated 08th of January 2013. Moreover, values of glass mosaic tiles were also ... Read More »

ST on services: PRA collects Rs130b, SRB Rs38b, KPRA Rs5b and BRA Rs2.9b in H1

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KARACHI: The provincial revenue authorities have collected Rs93.28 billion sales tax on services during the first-half (July-December) 2017 as compared to Rs76 billion in the corresponding period of the last fiscal year, showing a growth of 23 percent. According to the statistics released by the ministry of finance, the revenue collection by the provinces is gradually increasing with the expansion ... Read More »

Customs Court re-issues NBWs against accused involved in HSD oil smuggling case

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KARACHI: The Customs Taxation and Anti-Smuggling Court Judge Syed Faiz Rasool Rashdi re-issued non-bail able warrants against absconding suspect namely Muhammad Zamreen son of Mehmood Shah owner of oil tanker bearing registration number JP-9950, who was booked in a case of attempting to smuggle non-duty paid 25,000 liters Iranian HSD oil. During the hearing, investigation officer appeared before the court ... Read More »

Customs PCA detects Rs10.14m by M/s Florence Sanitary Karachi

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  KARACHI: The Directorate of Customs Post Clearance Audit has showing outstanding performance during the first 20 days of February and detected nine cases. Source told Customs Today that Directorate of Customs Post Clearance Audit has detected duties and tax evasion of Rs 10.14 million allegedly by M/s Florence sanitary, Karachi, it is learnt here. Sources told that M/s Florence Sanitary, Karachi, ... Read More »

SHC seeks comments on petition seeking release of imported bus

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KARACHI: The Sindh High Court (SHC) directed parties to file their comments on a constitutional petition filed by Irshad Hussain son of Ibrahim, owner of Bus No SGM-851 seeking release order of his bus seized by customs department. A two-member bench, headed by Justice Munib Akhtar heard the petition. Earlier, counsel for the petitioner stated that he is engaged in ... Read More »

Customs’ ASO auctioning goods, vehicles today

Peshawar & Kohat customs earn Rs09 86m through auction of impounded vehicles & goods copy

KARACHI: Directorate General of Customs Intelligence and Investigation’s Anti-Smuggling, Karachi is auctioning goods and vehicles on February 21 (today) at Block-6, PECHS, Karachi. The directorate will offer following goods and vehicles for auction: CNG Cylinder (Subject to submission of fitness certificate from the Hydrocarbon Development Institute of Pakistan by the successful bidder on his own expenses.): 226 numbers Foreign Office ... Read More »

NCCPL announces to collect capital gain tax on 28th

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KARACHI: National Clearing Company of Pakistan Limited (NCCPL) will collect capital gain tax from clearing members and Pakistan Mercantile Exchange Limited for the month of January 2018 on February 28. The Federal Board of Revenue (FBR) has authorized NCCPL to collect capital gain tax on arising on disposal of shares at Pakistan Stock Exchange. The NCCPL announced that it will ... Read More »

Appraisement East lodges FIR against jewellery importer over misdeclaration

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KARACHI: Customs’ Appraisement East has lodged an FIR against a jewellery importer in a misdeclaration case. The importer, Mohamad Ishaq of M/s Al-Saudia Enterprises, is accused of mis-declaring C&F value of the imported artificial jewellery through submitting fake and fabricated documents to evade government revenue. A copy of the bill of lading (BL), uploaded in the system, was forwarded to ... Read More »

SHC issues notices to Customs, others in RD cases

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KARACHI: The Sindh High Court has issued notices to Pakistan Customs and others in a number of identical petitions pertaining to regulatory duty and adjourned hearing till March 13. A SHC’s division bench heard a petition filed by All Pakistan Tiles Association and Johnson Trading. A lawyer from Franklin Law Associates and Ms Dil Khuram Shaheen advocate for the petitioners ... Read More »

SHC seeks comments on petition filed by M/s Sonia International

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KARACHI: The Sindh High Court (SHC) has directed the Customs Department and deputy attorney general to file their comments on a constitutional petition filed by M/s Sonia International against enhancing 100% valuing of ice cream flavours brand “Swensens”. A two-member bench, headed by Justice Munib Akhtar, heard the petition. Earlier, counsel for the petitioner stated that it is engaged in ... Read More »