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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 Court approves bail of suspect booked in smuggling of cigarettes, sheesha

bail

KARACHI: The Customs Court granted bail to absconding suspect namely Muhammad Umair son of Muhammad Arif, who was booked in a case of attempting to smuggle non-duty paid foreign-origin cigarettes, flavored sheesha tobacco etc. On December 14, 2018, counsel for the suspect filed pre-arrest bail petition and argued that his client is ready to face trial; therefore, court may grant ... Read More »

Customs foils bid to smuggle 1.5kg cocaine at JIAP

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KARACHI: Collectorate of Customs Preventive team successfully recovered huge quantity of drugs from the possession of passengers at Jinnah International Airport (JIAP). According to the details, in pursuance of a tip-off received by higher authorities, the staff of Customs Preventive deputed at arrival of the Jinnah International Airport Karachi (JIAP) intercepted a passenger on suspicion and asked for the language ... Read More »

SHC dismisses bail petitions of ex-KPT chairmen Javed Hanif, Rauf Farooqi & others

no bail1

KARACHI: The Sindh High Court (SHC) dismissed bail petitions of suspects Muhammad Javed Hanif, Rauf Akhtar Farooqi, former chairmen of Karachi Port Trust (KPT) and others, who were arrested in a case of corruption and abuse of authority for illegally appointing 940 employees in KPT. On December 14, 2018, court announced the verdict which was reserved on December 4, 2018. ... Read More »

SHC seeks comments on petition filed by M/s Ibrahim & Sons

shc

KARACHI: The Sindh High Court (SHC) directed customs officials and deputy attorney general to file their para-wise comments on a constitutional petition filed by M/s Ibrahim & Sons against assessment of imported consignments of tissue papers and demand of duties and taxes on the basis of Valuation Ruling No 1339 of 2018 dated 09.10.2018. On December 13, 2018, a two-member bench, ... Read More »

Customs Court accepts interim challan in smuggling & selling of DTH equipment case

bail

KARACHI: The Customs Court granted bail to suspect namely Waleed Ali Malik son of Mehmood Ali Malik, who was booked in a case of attempting to smuggle and selling of DTH equipment etc. On December 13, 2018, investigation officer submitted interim challan before the court which was accepted. During the hearing, counsel for accused filed bail petition and argued that ... Read More »

Karachi LTU collects Rs13.5b in Nov with 48pc growth

SRB, LTU

KARACHI: Large Taxpayers Unit (LTU), Karachi collected Rs13.58 billion taxes in November with a growth of 48.25 percent over the corresponding month of previous year. The LTU Karachi collected Rs9.16 billion in November 2017. Sources in LTU Karachi attributed the revenue growth to enforcement measures taken by the unit. An official confirmed that the unit resorted to recovery of outstanding ... Read More »

DG Valuation directs to review VR No 1191/2017

Surraiya Butt

KARACHI: Customs Valuation Director General Surriya Ahmed Butt asked Director Valuation Iqbal Muneeb to review the Valuation Ruling No. 1191/2017 for removing deficiencies in accordance with law and also taking on board the regular major importers as well as the representatives of Federation of Pakistan Chamber of Commerce & Industries (FPCCI) and Karachi Chamber of Commerce & Industries (KCCI). According ... Read More »

Chief Secretary orders SRB to probe Maersk Pakistan’s mega sales tax scam within 15 days

Chief Secretary Sindh

KARACHI: Customs Today unearthed mega sales tax scam of Maersk Pakistan (Pvt) Ltd where the company in connivance with its agents, audit firms and some officials of Sindh Revenue Board evaded billions of rupees sales tax in terms of services provided to its local clients. After extensive coverage of the issue by Customs Today, the Sindh Chief Secretary through diary ... Read More »

M/s Wali Master moves SHC seeking release of deluxe composition tiles’ consignment

SHC

KARACHI: M/s Wali Master approached the Sindh High Court (SHC) seeking release order of imported consignments of wallpapers tiles detained by customs officials due to disputed valuation. On December 12, 2018, counsel for the petitioner stated in its petition that petitioner imported a consignment of deluxe composition tiles; however, officials of the customs department bent upon to assess the same ... Read More »

Customs Court extends remand of 7 suspects involved in betel nuts, prohibited medicines smuggling case

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

KARACHI: The Customs Court extended physical remand of seven suspects, who were booked in a case of attempting to smuggle non-duty paid betel nuts and prohibited medicines etc, and sent them back to customs department on physical remand. On December 12, 2018, investigation officer produced suspects namely Abdul Sattar, Ahmed, Ahmed Ullah, Daro Khan, Abdul Bari and Abdul Baqi before the ... Read More »

Customs seizes 4kg heroin from Nigerian woman at Karachi airport

Nigerian heroin smuggler, 1

KARACHI: The Customs officials on Thursday seized narcotics worth more than Rs700 million at Jinnah International Airport Karachi and arrested a Nigerian woman. Around 4kg heroin was found from the possession of the Nigerian woman who was coming from Qatar. The narcotics were hidden in food cans. Last week, the Anti-Narcotics Force had arrested two drug peddlers from Karachi’s Jodia ... Read More »

Customs Court approves bail of suspects booked in HSD smuggling case

bail

KARACHI: The Customs Court granted bail to suspects namely Muhammad Anis Khan, Siraj Khan and Raaj Malook, who were booked in a case of attempting to smuggled non-duty paid 10,000 liters HSD. On December 12, 2018, counsel for accused filed bail petition and argued that their clients are innocents and were falsely implicated in this case, applicants are ready to ... Read More »

SHC seeks comments on petition filed by M/s Khamsia Enterprises

SHC

KARACHI: The Sindh High Court (SHC) issued notices to the customs department and deputy attorney general and directed them to file their para-wise comments on a constitutional petition filed by M/s Khamsia Enterprises seeking restoration of its sales tax registration number suspended by Federal Board of Revenue (FBR). On December 11, 2018, a two-member bench, headed by Justice Aqeel Ahmed ... Read More »

Customs Court grants bail to 11 suspects booked in betel nuts smuggling case

bail

KARACHI: The Customs Court granted bail to 11 suspects against the surety of Rs100,000, who were arrested in a case of attempting to smuggle non-duty paid betel nuts. On December 11, 2018, counsels for accused moved bail applications and argued that their clients are innocents and were falsely implicated in this case, who are ready to face trial; therefore, the ... Read More »

Customs Court approves physical remand of suspected tax evaders

tax evasion

KARACHI: The Customs Court sent suspects Saiful Mulk, Muhammad Amir, Obaid Amir and Muhammad Sohail to CIR Zone-VI on physical remand, who were arrested in a case of attempting to tax evasion through mis-declaration, incorrect filing of sales tax returns, importing and supplying of finished taxable goods, misuse of manufacturing status to import fabric without payment of sales tax. On ... Read More »

Appraisement West lodges FIR against CEO of M/s Eden Housing against NDP BMW

first-information-report

KARACHI: Collectorate of Customs Appraisement West submitted first information report (FIR) before customs court against Muhammad Amjad, CEO of M/s Eden Housing Limited, M-3 E/I Eden Tower, Main Boulvard, Gulberg-III, Lahore against imported bullet-proof BMW 750Li RHD high security on fake documents. On December 10, 2018, investigation officer of Appraisement West submitted FIR and informed the court that the above-mentioned ... Read More »

M/s Diamond Impex approaches SHC against levy of RD on sweet condensed milk

SHC

KARACHI: Faisal Naseem, proprietor of M/s Diamond Impex Corporation, approached the Sindh High Court (SHC) against imposition of regulatory duty on consignments of sweet condensed milk. On December 10, 2018, counsel for the petitioner stated in his petition that petitioner is aggrieved by the arbitrary, illegal and unconstitutional acts of the respondents, whereby, respondents had issued SRO 568(1)/2014 dated 26/06/2014 ... Read More »

SHC seeks remarks on petition filed by M/s NS Enterprises

SHC

KARACHI: The Sindh High Court (SHC) issued notices to customs department and deputy attorney general on a petition filed by M/s N.S Enterprises seeking release order of its imported consignment of 22600 kilogram of frozen beef white long cut & 2400 kilogram of frozen lamb feet of France origin at $0.02/ kilogram from Nicosia Cyprus. During the hearing of petition, a two-member ... Read More »

Tax evasion: FBR starts audit of 30 sugar mills in Sindh

audit financial company tax investigation process business accounting

KARACHI: The Federal Board of Revenue (FBR) has started auditing sugar mills in Sindh over suspected sales tax evasion. The sources said the audit of around 30 sugar mills in the province was launched through deputing tax officials at the factories to scrutinise their supplies and stocks. The sources said the FBR deputed tax officials on at least four sugar ... Read More »

22 meetings scheduled during Dec 11-20 to fix Customs values of several items

Valuation-Rulings

KARACHI: With the aim to determine customs values of several items, the Directorate General of Customs Valuation has scheduled several meetings with the stakeholders, including importers, traders and industry representatives. According to the schedule, on December 11 (Tuesday), four meetings have been convened by Customs Valuations Assistant Director Arma Hassan to discuss valuations of olives, phthalic anhydride and ethyl hexanol, ... Read More »