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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

Customs recover smuggled mobile phones after raid at JIAP

mobile-charger-and-power-bank

KARACHI: Pakistan Customs has recovered several valuable cellular phones from the possession of a passenger at Jinnah International Airport (JIAP). According to the details, the staff of Pakistan Customs Preventive deputed at arrival of Jinnah International Airport Karachi during a routine checking intercepted a passenger and asked for the language search. During the search of the passenger named Mujahid, several ... Read More »

DG valuation issues order in revision no 301/2017 against VR No.1007/2017

Syed-Tanveer-Ahmad

KARACHI: Director General of Customs Valuation issues Order in Revision No.301/2017 under section 25-D of the Customs Act, 1969 against Valuation Ruling No.1007/2017 dated 11-01-2017; the revision petition was filed by M/S Al-Naqeeb Enterprises & Others. The petitioner stated that aggrieved by the acts of the respondent director, whereby he has unlawfully, arbitrarily, without making a determination, has fixed the ... Read More »

DG Valuation revises customs value of caustic soda flakes

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KARACHI: The Directorate General of Customs Valuation revised the customs value of caustic soda flakes through Valuation Ruling No 1052/2017 under Section 25A of the Customs Act, 1969. According to details, the custom values of the caustic soda flakes were earlier determined vide Valuation Ruling No 852/2016 dated 16.05.2016. There were several representations from different traders and trade bodies i.e. ... Read More »

DG Valuation revises customs value of vehicles above 1800 CC

DG Valuation revises customs value of vehicles above 1800 CC

KARACHI: The Directorate General of Customs Valuation revised the customs value of vehicles above 1800 CC, Japan origin through Valuation Ruling No: 1051/2017 under Section 25A of the Customs Act, 1969. According to details, the Custom Values of vehicles above 1800 CC, Japan origin model 2009 to 2013 were determined under section 25-A of the Customs Act, 1969, vide Valuation ... Read More »

Container operation at Karachi port goes slow-down due to closing of Pak-Afghan border

TTa

KARACHI: Customs officials at Karachi sea port adopted go-slow policy due to closing of Pak-Afghan border. According to details, on the account of Pak-Afghan trade, around 3,000 containers pass through the port per month. Customs officials said that this is a huge quantity and looking after them at the border is difficult for the department. So the operation at the ... Read More »

Customs keeps vigilant eye on smuggling of methamphetamine: Chief Collector Zahid Khokhar

zahid-Khokar

KARACHI: Chief Collector-Enforcement (South) Muhammad Zahid Khokhar has said that the Pakistan Customs has kept a vigilant eye on the smuggling of methamphetamine to and from the country. Talking to Customs Today exclusively at his office, he said that the enforcement team of Pakistan Customs has secret information that some unscrupulous elements are trying to smuggling a chemical “methamphetamine”, using ... Read More »

SHC directs commissioner IR to decide appeal of M/s Muhammad Arif Abbas within four weeks

SHC

KARACHI: The Sindh High Court (SHC) has directed the Commissioner Inland Revenue Appeals-IV to decide the appeal of M/s Muhammad Arif Abbas against impugned notice for recovery of Rs 8.8 million within four weeks. Talking action on a constitutional petition, the court also barred the Tax Department from recovering the money from the petitioner. A two-member bench, comprising Justice Aqeel ... Read More »

Customs Court grants interim bail to accused involved in tax evasion case

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KARACHI: Customs Court Judge Syed Faiz Rasool Rashdi  has granted interim pre-arrest bail to the accused, Abaidur Rehman son of Ali Hassan, proprietor of M/s Kontal Technologies, who was booked in a mega tax evasion case. During the hearing, counsel for the suspect  filed a petition for pre-arrest bail and submitted that the applicant was innocent and was falsely implicated ... Read More »

FBR officer granted bail booked in embezzling recovered currency

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KARACHI: Customs Taxation and Anti-Smuggling Court Judge Syed Faiz Rasool Rashdi granted an interim bail to accused Muhammad Afzal, Superintendent, Directorate General, Intelligence and Investigation, FBR Karachi, who was booked in a case of smuggling of foreign currency and embezzlement of recovered foreign currency. During the hearing, counsel for the accused filed an application for the bail and submitted that ... Read More »

DG Customs Valuation issues reference values for cloth hangers

File 2

KARACHI: Directorate General of Customs Valuation has issued the reference values for cloth hangers made of PVC. According to the details, Directorate General Customs Valuation has initiated an exercise to develop database values for different items wherein it has been observed that declarations are of wide range and do not correctly reflect values of the items as traded in the ... Read More »

DG Valuation revises customs values of butter vide Valuation Ruling No. 1050/2017

Syed-Tanveer-Ahmad

KARACHI: The Directorate General of Customs Valuation has revised the customs value of butter (derived from milk/dairy) through Valuation Ruling No 1050/2017 under Section 25-A of the Customs Act. 1969. According to details, Directorate General had earlier conducted an audit of the clearance values of imported butter and in comparison with international trading prices and the local market selling prices, ... Read More »

Customs recovers 11 kg heroin worth Rs110m from bus passenger

Customs recovers 11 kg heroin worth Rs110m from bus passenger copy

KARACHI: The Pakistan Customs has recovered huge quantity of heroin from the possession of a passenger after a raid executed on a bus at Mochko. In a drive launched against the menace of narcotics transportation/smuggling, the staff of the Anti-Smuggling Organization (ASO), Model Customs Collectorate of Preventive, posted at Custom-point as RCD Highway, seized 11 kg of contraband narcotics (heroin) ... Read More »

ASO-Preventive striving hard to increase revenue: DC Ali Raza Sipra

SONY DSC

KARACHI: The Deputy Collector Customs Preventive Headquarters Ali Raza Sipra has said that the Anti-Smuggling Organization (ASO) of Customs-Preventive has seized million of rupees smuggled goods including heroin, fabric, diesel/petrol and other miscellaneous items during the last six months from September-2016 to February-2017. The Deputy Collector was expressed these views during an interview with Customs Today at his office. Ali ... Read More »

DG Valuation revises customs values of polyester filament yarn

File 1

KARACHI: The Directorate General of Customs Valuation has revised the customs value of polyester filament yarn through Valuation Ruling No 1049/2017 under Section 25-A of the Customs Act, 1969.\ According to details, it was observed from import data that international trading prices of polyester filament yarn were on the higher side as compared with the prices of old valuation ruling ... Read More »

Customs Court accepts interim challan against accused involved in mega tax evasion case

tax evasion

KARACHI: Customs Court Judge Syed Faiz Rasool Rashdi has accepted interim challan against the accused persons namely Shakilur Rahman son of Obaidur Rahman, proprietor of M/s Comprehensive Business International and Abaid ur Rahman son of Ali Hassan (late,) proprietor of M/s Kontal Technologies who were booked in mega tax evasion case. During the hearing, Investigation Officer Farhat Ullah Jafri submitted ... Read More »

SHC moved against attachments of bank accounts for recovery of sales tax

irelandcourt

KARACHI: M/s Kausar Automobiles Private Limited moved the Sindh High Court (SHC) against a notice for attachments of bank accounts for enforced impugned recovery by the Deputy Commissioner Inland Revenue E & C Unit-02, Zone-IV, LTU Unit-II. Counsel for the petitioner stated in the constitutional petition that the Deputy Commissioner Inland Revenue E & C Unit-02, Zone-IV, LTU Unit-II, passed ... Read More »

Revenue leakage thru under-invoicing, mis-declaration needs to be plugged: FBR chief

Dr Irshad

KARACHI: The Federal Board of Revenue (FBR) chairman chaired a high-level meeting and assigned various tasks to senior officers. The meeting established that smuggling under-invoicing and mis-declaration, pertaining to imported consignments, were causing revenue leakage which needs to be plugged. Subsequently, Member Customs Nasir Masroor held meetings with Director General Customs Valuation Syed Tanveer Ahmed, Director Valuation Wasif Memon, Additional ... Read More »

Reference values for “silk fabric (Boski) issued

valuation

KARACHI: The Directorate General of Customs Valuation has issued the reference values for “silk fabric (Boski)”. According to the details, Directorate General has initiated an exercise to develop database values for different items wherein it has been observed that declarations are of wide range and do not correctly reflect values of the items as traded in the international market. During ... Read More »

Newly recruited 180 preventive officers’ training from mid of March

training

KARACHI: Newly recruited 180 Customs Preventive Officers will get a 15-day training which will start from the mid of March. The newly recruited Customs Preventive Officers will be trained by the highly professional and senior officers of the Pakistan Customs in the mid of March. The source informed Customs Today that the last recruitments of Preventive Officers in Pakistan Customs ... Read More »

Customs Court directs FIA to contact Interpol for arrest of offshore company’s owners

arrest

KARACHI: Customs Court Judge Syed Faiz Rasool Rashdi has directed the Federal Investigation Agency (FIA) to issue read warrants against the absconding accused persons namely Bashir Dawood and Mariyam Dawood for their arrest from Canada through Interpol. The suspects were booked in a case of concealment of income and furnishing inaccurate particulars of their income as well as money laundering ... Read More »