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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

Rs 15b detention scam: PICT threatens importer to cause financial/physical damage

sohail shams

KARACHI: An importer has snubbed shipping lines, their agents and terminal operator including Evergreen Line, Greenpak Shipping, United Marine Agencies, KMTC and PICT who instead of resolving the issue of additional demmurage and detention, kept on blackmailing importers through legal notices and publishing news on an unregistered website. In his letter written to PICT, the importer exposed the malafide of ... Read More »

M/s Al-Saudia Enterprises approaches SHC against enhancement of valuation

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KARACHI: The Sindh High Court (SHC) issued an interim order and directed customs officials not to take any action against the petitioner till next date of hearing on a constitutional petition filed by M/s Al-Saudia Enterprises against enhancement of valuation of imitation jewellery from $3.45 & 4.25 to $13.5 kilogram imported from India. A two-member bench, headed by Justice Aqeel ... Read More »

SHC seeks reply on petition filed for restoration of license

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KARACHI: The Sindh High Court (SHC) directed customs officials to file their para wise comments on a constitutional petition filed by Syed Hamid Shah seeking restoration of its clearing agent’s license blocked by customs officials due to alleged involvement in tax evasion. A two-member bench, headed by Justice Aqeel Ahmed Abbasi, was hearing the matter on August 13, 2018. During ... Read More »

Customs Court seeks final charge-sheet in betel nuts smuggling case

Customs court sends suspected betel nuts smugglers to jail on remand copy

KARACHI: The Customs Court directed investigation officer to submit final charge-sheet against suspects namely Syed Muhammad Shafiq son of Khuda Nazar and Syed Aziz Ullah son of Syed Abdul Sattar, who were booked in a case of attempting to smuggle non-duty paid 11,794 kg betel nuts. On August 13, 2018, Investigation Officer Muhammad Mehmood and Naib Subedar of Pakistan Coast ... Read More »

NAB, FIA asked to probe lappoos set up by Abdul Rauf, Sohail Shams, Haleem Siddiqui in detention mega scandal

sohail shams

KARACHI: A mega scam of Rs 15 billion is unearthed where customs staff in connivance with shipping companies, their agents and terminal operator including Evergreen Line, Greenpak Shipping, United Marine Agencies, KMTC and PICT purposely delay the clearances of imported goods. Sources said Customs staff made a strong nexus with Deputy MD of Greenpak Abdul Rauf, CEO of United Marine ... Read More »

SHC directs to release consignment of prime hot rolled alloy steel sheet in coils

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KARACHI: The Sindh High Court (SHC) directed customs officials to release the consignment of prime hot rolled alloy steel sheet in coils on bank guarantee on a petition filed by M/s Bajwa & Company Private Limited against imposition of Regulatory Duty under Section 18 (3) of the Customs Act, 1969. A two-member bench, headed by Justice Aqeel Ahmed Abbasi, heard ... Read More »

DG Valuation revises customs values of AC asynchronous moving motor

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KARACHI: The Directorate General of Customs Valuation revised the customs values of AC asynchronous moving motor (up to 7 watts) through Valuation Ruling No: 1314/2018 under Section 25-A of the Customs Act-1969. According to the details, a number of representations were received in this Directorate General that AC asynchronous moving motor (up to 07 watt) are being declared and assessed ... Read More »

SHC grants protective bail to suspect booked in sales tax evasion case

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KARACHI: The Sind High Court (SHC) granted protective bail to suspect namely Abid Hussain son of Ali Muhammad for seven days, who was absconding in mega sales tax fraud case. Court also directed the above mentioned suspect to surrender before trial court and join investigations when required by investigation officer of the case. A single member bench heard the protective ... Read More »

Collector Saqif Saeed recovers Rs5.78m from M/s Wajahat & Sons, M/s Delight Fabrics & Export

Saqif Saeed

KARACHI: Collector Customs Export Saqif Saeed recovered evaded amount of taxes and duties of Rs5.78 million from M/s Wajahat & Sons and another company M/s Delight Fabrics & Export. Sources told Customs Today that during scrutiny of the import data, it was revealed that M/s Wajahat & Sons availed undue benefits and concessions by importing a consignment of kitchen accessories including ... Read More »

PCA detects tax evasion of Rs7.80m by M/s Taj Deluxe Traders

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KARACHI: Directorate of Customs Post Clearance Audit Director Nadeem Memon detected duties and tax evasion of Rs7.80 million by M/s Taj Deluxe Traders, Karachi, it is learnt here. Sources told Customs Today on Aug 10, 2018, M/s Taj Deluxe Traders, Karachi imported a consignment of different types of wall paints chemicals, powder form colours, and mixing machines got it cleared ... Read More »

Customs Export recovers evaded amount of Rs6.26m from M/s Glamour Leather & M/s Amir Kamil Associates

Saqif Saeed

KARACHI: Collector Customs Export Saqif Saeed on Friday recovered evaded amount of Rs6.26 million from M/s Glamour Leather and Handicrafts and M/s Amir Kamil Associates, Karachi. Sources told Customs Today that during scrutiny of the import data, it was revealed that M/s Glamour Leather and Handicrafts availed undue benefits and concessions by imported a consignment of leather pieces used in ... Read More »

FBR serves 400 notices on Karachi residents having properties in UK

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KARACHI: The Federal Board of Revenue (FBR) has served notices on around 400 residents of the port city owning properties in the UK, asking to clarify if they availed the recently floated amnesty scheme or not, sources said on Friday. “A tax department issued around 300-400 notices to Karachiites for explaining their source of money used to purchase and own ... Read More »

M/s Noor Enterprises moves SHC against enhancement of RD from 20% to 50% on cosmetics

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KARACHI: The Sindh High Court (SHC) directed customs officials to file their para wise comments on a constitutional petition filed by M/s Noor Enterprises against enhancement of regulatory duty from 20% to 50% through SRO 648 (1)/ 2018 on consignment of cosmetics. A two-member bench, headed by Justice Aqeel Ahmed Abbasi, heard the matter on August 9, 2018. During the ... Read More »

Customs Court sends suspect involved in betel nuts smuggling to jail

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KARACHI: The Customs Court sent suspects namely Syed Muhammad Shafiq son of Khuda Nazar and Syed Aziz Ullah son of Syed Abdul Sattar to Central Jail on judicial remand, who were booked in a case of attempting to smuggle non-duty paid 11,794 kilogram betel nuts. On August 10, 2018, Investigation Officer Muhammad Mehmood, and naib subedar of Pakistan Coast Guards ... Read More »

Upcoming Govt must stop Rs15b bleeding of importers by Evergreen, Greenpak, KMTC, United Marine, PICT

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PESHAWAR: Upcoming government should take notice of mega corruption by shipping lines and terminal operators at Karachi, said lawyer at Peshawar High Court Mohib Kakakheil. While talking with Customs Today on Wednesday at Peshawar, he said the traders who import goods to Pakistan have been looted harshly by ‘evil lords’ in shipping lines and terminal operators. The advocate stated further ... Read More »

SHC seeks reply from parties on petition filed by M/s Bismillah Store

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KARACHI: The Sindh High Court (SHC) continued interim order and directed customs officials and counsel for the petitioner to file their comments on a petition filed by M/s Bismillah Store against seizing the consignment of popcorn due to disputed valuation. A two-member bench, headed by Justice Aqeel Ahmed Abbasi, heard the matter on August 9, 2018. During the hearing, counsels ... Read More »

Customs Court issues notices on bail petition in betel nuts smuggling

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KARACHI: The Customs Court issued notices to the Pakistan Coast Guards (PCG) and special prosecutor on an application for bail filed by suspects  namely Muhammad Akram son of Muhammad Ramzan and Raza Muhammad son of Khan Mir, who were booked in a case of attempting to smuggle non-duty paid contraband betel nuts and others goods. On August 8, 2018, counsel ... Read More »

PCA detects Rs11.54m tax evasion by M/s Rim Jhim Associates

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

KARACHI: Directorate of Customs Post Clearance Audit (PCA) detected duties and tax evasion of Rs11.54 million by M/s Rim Jhim Associates, Karachi, it is learnt here. Sources told Customs Today on August 8, 2018 that M/s Rim Jhim Associates, Karachi imported a consignments of electronics and rechargeable items (including multimedia commercial speakers, amplifier, buffer systems, rechargeable fans, data banks, and ... Read More »

Govt allows FBR to add tax amnesty’s Rs97b in FY18 revenue collection

Amnesty Scheme

KARACHI: The finance ministry has allowed Federal Board of Revenue (FBR) to add Rs97 billion, collected under the amnesty scheme for the period ended June 30, 2018, in total revenue collection for fiscal year 2017-18. The FBR provisionally collected Rs3,751 billion for FY2018, which was short of Rs184 billion when compared with revised downward target of Rs3,935 billion for the ... Read More »

Halal certification be confirmed thru Customs authority, NAB tells SFA

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KARACHI: Sindh Food Authority (SFA) Director General Amjad Ali has briefed Karachi National Accountability Bureau (NAB) Director General Mohammad Altaf Bawany about the functions, organisational structure, scope and operational hurdles faced by the newly created food authority. The authority works under Sindh Food Act 2016. The briefing was organised under the Awareness & Prevention Regime of the NAB Karachi at ... Read More »