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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

SHC seeks remarks on petition challenging VR No 1264/2018

valuation

KARACHI: The Sindh High Court (SHC) has directed customs officials to make sure filing of their comments on a constitutional petition filed by M/s Care Plastic Industries against the valuation of imported canvas hosepipes under Valuation Ruling No 1264/2018 on March 8, 2018. A two-member bench, headed by Justice Munib Akhtar, was hearing the matter. During the proceedings, counsel for ... Read More »

Gwadar Customs confiscates radiators, vehicle-paints on actionable secret info

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KARACHI: The Customs Collectorate Gwadar has seized vehicle-radiators and vehicle-paints worth Rs5.20million on Tuesday. Sources told reporter that Deputy Collector Gwadar received secret information that some smugglers are trying to smuggle said items from Gwadar into Karachi. He constituted a raiding team of the Customs Anti-Smuggling Organization (ASO) under the supervision of Customs Preventive Inspector Yousuf Ali Khan and others. ... Read More »

Customs Court seeks comments on bail petition filed by suspect in betel nuts smuggling case

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KARACHI: Customs Court Judge Syed Faiz Rasool Rashdi has issued notices to the Customs Department and special prosecutor for customs on a bail petition filed by Muhammad Ibrahim, who was booked in a case of attempting to smuggle betel nuts in the garb of soap stock. During the hearing, the suspect appeared before the court along with his counsel who ... Read More »

Valuation Ruling No: 965/2016 due to be revised by Surriya Butt on May 29

valuation

KARACHI: The Directorate General, Customs Valuation, Director General Surriya Ahmed Butt has decided to revise the Valuation Ruling No: 965/2016 on May 29, 2018, it is learnt. Surriya Butt said the department is reviewing suggestions from various importers to set the new prices of sweet corn, canned pineapple and fruit cocktail. She said some valuations, which were issued in 2016, ... Read More »

DG Valuation revises customs values of electric rechargeable shaver through VR No 1292/2018

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KARACHI: The Directorate General of Customs Valuation has revised the customs values electric rechargeable shaver through Valuation Ruling No: 1292/2018 under Section 25A of the Customs Act-1969. The customs values of electric rechargeable shaver were determined vide valuation ruling No.980/2016 dated 28.11.2016. A number of representations were received to determine the values of electric rechargeable shaver in accordance with the ... Read More »

Customs Court extends pre-arrest bail of suspect in sales tax evasion case

Tax Evasion

KARACHI: Customs Court Judge Syed Faiz Rasool Rashdi has extended pre-arrest bail of suspect, Muhammad Altaf Hussain, owner of M/s Tuba International, who was booked in a sales tax evasion case of Rs 15 million. During the hearing, investigation officer sought time to submit final charge sheet, therefore, the court adjourned the matter. Earlier, the suspect appeared before the court ... Read More »

Customs values of mixture of fatty acid revised

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KARACHI: The Directorate General of Customs Valuation has revised the customs values mixture of fatty acid through Valuation Ruling No: 1293/2018 under Section 25A of the Customs Act-1969. Earlier, customs values of mixture of fatty acids were determined vide Valuation Ruling No. 628/13 dated 24-12-2013. There were several representations from the importers, Pakistan Edible Oil Refiners Association and Pakistan Soap ... Read More »

Customs official Dost shuts his eyes on trillions of rupees smuggling through Karachi port

dost muhammad

KARACHI: Karachi East Collectorate R&D Principal Appraiser Dost Muhammad shut his eyes on trillions of rupees smuggling of banned items through the port. Smugglers are working hand in glove with Dost Muhammad to smuggle goods like hazardous chemicals, betel nuts, high value and banned items. They are removing these goods through TP from Karachi East Collectorate, without any checking, with the help ... Read More »

SHC bars customs officials from taking action against importer in betel nuts seizure case

SHC

KARACHI: The Sindh High Court (SHC) has barred the customs authorities from taking any coercive action against petitioner, Khalid Ahmed, proprietor of Anees and Sons, in betel nuts seizure case. A two-member bench, headed by Justice Munib Akhtar, was hearing the constitutional petition. Earlier, counsel for the petitioner stated that petitioner imported betel nuts which were mostly consumed as mouth ... Read More »

Customs Court approves pre-arrest bail of director of M/s Docs International

bail

KARACHI: Customs Court Judge Syed Faiz Rasool Rashdi has issued notices to special prosecutor for Customs Department and called police papers on bail petitions of Arbab Khan, Director of M/s Docks (Private) Limited and others, who were allegedly involved smuggling of 52,158 kilogram betel nuts worth Rs 6.91 million. The court also directed the suspects to join the investigation if ... Read More »

DG Surriya Butt poised to revise Valuation Ruling No: 954/2016 on May 23

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KARACHI: The Directorate General, Customs Valuation, Director General Surriya Ahmed Butt has decided to revise the Valuation Ruling No: 954/2016 on 23rd of May 2018, it is learnt. Surriya Butt said the department is reviewing suggestions from various importers to set new prices of DVD Players/Recorder. She said some valuations, which were issued in 2016, are being reviewed from the ... Read More »

PCA detects tax, duties evasion of Rs 7.54m by M/s Shakeel Associates Hyderabad

PCA detects Rs 76

KARACHI: The Directorate of Customs Post Clearance Audit has detected duties and tax evasion of Rs 7.54 million by M/s Shakeel Associates, Hyderabad, it is learnt here. Sources told Customs Today that M/s Shakeel Associates imported a consignment of various kinds of PVC Pipes and mix accessories of sanitary and got it cleared from the Port Qasim Karachi vide GDs ... Read More »

Cutoms Court seeks challan in mis-declaration case

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KARACHI: The Customs Court has directed investigation officer of Customs Collectorate of Exports, Port Muhammad Bin Qasim Export Processing Zone, Karachi, to complete investigation against directors/ partners of M/s BHF Services ( processing unit at KEPZ), who were booked in mis-declaration and mega tax evasion case. During the hearing, investigation officer informed the court that the suspects imported a consignment ... Read More »

SHC issues notices for April 27 in asphalt paver machines case

asphalt paver machine

KARACHI: The Sindh High Court has issued notices for April 27 in two identical petitions challenging non-release of two asphalt paver machines, used for road construction. The notices issued by a SHC customs appellate bench comprising Justice Munib Akhtar and Justice Agha Faisal. According to petitioners they have imported the vehicles but Customs Department demanded pre-shipment inspection (PSI) report regarding ... Read More »

TP mega scam: Dost facilitates smuggling at port using switch B/L

dost muhammad

KARACHI: Smugglers are working hand in glove with Karachi East Collectorate R&D Principal Appraiser Dost Muhammad to smuggle goods like hazardous chemicals, betel nuts, high value and banned items. They are removing these goods through TP from Karachi East Collectorate, without any checking, with the help of Dost Muhammad, Incharge R&D Department. TP means Transshipment Permit and it is used ... Read More »

Appraisement West submits another FIR in betel nuts smuggling case

Appraisement West submits another FIR in betel nuts smuggling case copy

KARACHI: The Customs Court Judge Syed Faiz Rasool Rashdi directed investigation officer to complete investigation and submit charge sheet against suspect namely Adnan Islam, owner of M/s Adnan International Lahore, owner/partners of M/s Mania Enterprises Karachi and others to be ascertained during the investigation, who were booked in a case of attempting to smuggle non-duty paid 5000 kilograms of betel ... Read More »

Customs Court extends remand of suspect in mobile phones smuggling case

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KARACHI: Customs Court Judge Syed Faiz Rasool has extended the physical remand of a suspect, Muhammad Noman, and sent him back to the customs lack up in a case of attempting to smuggle non-duty paid 179 mobile phones worth Rs 2.13 million. During the hearing, investigation officer of Customs Collectorate Preventive Jinnah International Airport Karachi produced the suspect before the ... Read More »

FBR considering LTU’s proposal of hiking FED on cigarettes

Philippines Bureau of Customs seizes fake cigarettes worth P2b

KARACHI: Large Taxpayers Unit (LTU) has proposed increase in federal excise duty (FED) rate from Rs0.75 per filter rod to Rs5 per filter rod. Sources said that the Federal Board of Revenue (FBR) is considering the proposed hike in FED on sales of cigarettes in the budget 2018-19 as measures taken in the last budget were resulted in decline of ... Read More »

Customs PCA detects tax evasion of Rs 10.47m by M/s Qayyum Associates Mirpur Khas

Appraisement East detects tax evasion of Rs 6 88m by M s Ghani Plastics & Kitchen Accessories copy

KARACHI: The Directorate of Customs Post Clearance Audit has detected duties and tax evasion of Rs 10.47 million by M/s Qayyum Associate Mirpur Khas, it is learnt here. Sources told Customs Today that M/s Qayyum Associate Mirpur Khas imported a consignment of fancy boards and PVC hard pipes, and got it cleared from the PICT Karachi vide GDs on October ... Read More »

DG reforms, automation amends Assessment Module in the WeBOC system

WEBOC

KARACHI: The Directorate General of Reforms and Automation (Customs) amended Assessment Module in the WeBOC system as previously the traders had not option to upload supporting documents during review proceedings before Deputy Collector, Assistant Collector or Principal Appraisers. Traders have been allowed to upload supporting documents on online WeBOC customs clearance system during review proceedings. The directorate also linked the ... Read More »