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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 quits six in mobile phones smuggling case

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KARACHI: Customs Taxation and Anti-Smuggling Court Judge Syed Faiz Rasool Rashdi has acquitted six suspects who were booked for attempting to smuggle cellular phones in a courier service van. Earlier the suspects, Syed Wasif Iqbal s/o Syed Muhammad Iqbal, Saleem Ahmed Baloch s/o Muhammad Siddique, Zubair Ahmed Siddiqui s/o Shabir Ahmed Siddiqui, Adnan Younas s/o Muhammad Younas, Dilawar Abbas s/o ... Read More »

SHC to hear petition against construction of Deep Water Containers Terminal

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KARACHI: The Sindh High Court (SHC) will hear a case filed against construction of Deep Water Containers Terminal at Karachi Port Trust. The petitioner requested the court for a stay on the construction of the Deep Water Containers Terminal, stating the heavy containers terminal will cause problems for the citizen and will also disturb the ecological system in the city. ... Read More »

SHC adjourns hearing of appeal filed by M/s Siemens Pakistan Engineering Limited

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KARACHI: The Sindh High Court (SHC) has directed the commissioner (legal) Inland Revenue Large Taxpayers Unit/ chief commissioner Regional Tax Office to arrange another counsel before the next date of hearing. The court issued the order on an appeal filed by commissioner (legal) Inland Revenue Large Taxpayer Unit against Appellate Tribunal Inland Revenue (ATIR) order over recovery of income tax ... Read More »

DG Valuation revises customs values of Glycerin vide VR No. 937/2016

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KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has revised the customs values of glycerin at $695/MT and amended the Valuation Ruling No.937/2016. M/s Nimir Chemical Pakistan Limited and other importers had agitated against the customs values of glycerin determined vide Valuation ruling No.937/2016 for it being on the higher side. Asif Niaz Hussain, senior manager of M/s Nimir Chemicals ... Read More »

DG Valuation issues order in revision on petition filed by M/s Nimir Chemicals

DG Valuation Issues Order in revision

KARACHI: Director General Customs Valuation Syed Tanveer Ahmed issued Order in Revision No. 291/2017 under section 25-D of the Customs Act, 1969 against Valuation Ruling No.937/2016 dated 26-09-2016. The revision petition was filed by M/s Nimir Chemicals Pakistan Limited & Others. According to details, the petitioner said that the fixation of unrealistic ITP read with prevailing custom duty at 21% (20% ... Read More »

Sindh High Court issues notice on petition filed by M/s Lucky Knits

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KARACHI: The Sindh High Court (SHC) issued notices to tax authorities and deputy attorney general of Pakistan on a constitutional petition filed by M/s Lucky Knits Private Limited challenging Sindh Development and Maintenance of Infrastructure Rules fixing the duty and taxes on imported goods entering the province from outside the country. While hearing the petition, a two-member bench, headed by ... Read More »

DG Customs I&I Shaukat Ali directs officers for better results during 2017

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KARACHI: Director General of Customs Intelligence and Investigation (I&I) Shaukat Ali has asked the officers for better result during the current year. According to the sources in the Directorate General of Customs Intelligence and Investigation (I&I), Director General Shaukat Ali has asked the officers for the result oriented and effective raids across the country as well for boosting the revenue ... Read More »

SHC adjourns hearing of case filed by M/s Kamran Yousaf Mirza till 3rd week of Feb

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KARACHI: The Sindh High Court (SHC) has suspended the impugned notice for recovery of income support levy till the next date of hearing. A two-member bench of the SHC headed by Aqeel Ahmed Abbasi took this action on a constitutional petition filed by Kamran Yousaf Mirza, seeking cancellation of impugned notice issued by tax authorities. During the hearing, counsel for ... Read More »

Customs Export to start second phase of issuance of rebate claims soon

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KARACHI: The Model Customs Collectorate Export is going to start the second phase of issuance of rebate claims to the exporters. According to sources, the Collector Export Muhammad Yaqoob Mako has asked the Collectorate to start the second phase of issuance of rebate claims from next month. The sources informed Customs Today that the federal government has taken serious interest ... Read More »

DG Valuation revises customs values of dates vide VR No. 1014/2016

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KARACHI:  The Directorate General of Customs Valuation has revised the customs value of dates through Valuation Ruling No 1014/2017 under Section 25-A of the Customs Act, 1969. Earlier, the customs values of dates were determined vide Valuation Ruling No. 501/2012 on December 4, 2012. Since, the applicable values for dates were determined more than four years ago, and recently, MCC ... Read More »

Customs Court directs IO to complete proclamation proceedings against accused

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KARACHI: Custom Court Judge Syed Faiz Rasood Rashdi directed investigation officer (IO) to complete proclamation proceedings against the absconding accused persons namely Asmatullah and Naseebullah who were booked for attempting to smuggle non-duty paid Indian origin cigarettes. During the hearing, accused Fazal Kareem was absent but his counsel was present and filed an application to condone the absence. The court ... Read More »

Customs Export issues show-cause notice to recover evaded tax amount

Tax Evasion

KARACHI: The Model Customs Export issued a show-cause notice to M/s Shafiq Garments and Knit Wear, located at Sharfi Goth, Karachi for the recovery of evaded tax amount. According to details, the company evaded tax money by using wrong PCT Heading to get clearance of a consignment of ladies fabric in November 2016. During the scrutiny of clearance documents, the ... Read More »

PCA initiates evaded tax recovery plan

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KARACHI: The Customs Post Clearance Audit (PCA) initiated recovery of evaded customs duty and tax through under-invoicing, which heralds a larger policy wherein government would ensure plugging of revenue leakage. According to details, the Directorate General of Customs Valuation pursuing the above said plan has issued a number of valuation guidelines for the reference so that under invoicing could be ... Read More »

Hyderabad Field Investigation Unit seizes 598 Iranian origin juice crates

Iranian Juice

HYDERABAD: The Customs Intelligence and Investigation (I&I) Field Investigation Unit (FIU) foiled an attempt of smuggling and seized 598 crates of Iranian origin juice worth Rs717,000 involving duty and tax of Rs492.400 in an operation. According to details, the Customs Intelligence received information through Director Feroz Alam Junejo about transportation of foreign origin items through National Highway, bypass Hyderabad. The ... Read More »

ANF seizes 7kg heroin, arrests five peddlers from Karachi

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KARACHI: The Anti Narcotics Force (ANF) Sindh has arrested five drug peddlers and recovered 7 kg heroin while conducting raids in two different areas of metropolis. An official of the force informed on Wednesday that the ANF on a tip off conducted raids in Korangi and Pehlwan Goth on Tuesday.  He added that cases have been registered and further investigations ... Read More »

SHC seeks remarks from tax authorities on petition filed by Irfan Changhani

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KARACHI: The Sindh High Court (SHC) has issued notices to the tax authorities and deputy attorney general on a constitutional petition filed by Irfan Changhani, seeking release order for a consignment of paper and plastic printed waste blocked by the Customs Department. During the hearing of the petition, a two-member bench headed by Justice Munib Akhtar also directed them to ... Read More »

Gwadar Customs foils bid to smuggle huge quantity of narcotics

Collector Saeed Jadoon Quetta

KARACHI: The Model Customs Collectorate Gwadar foiled an attempt to smuggle a huge quantity of narcotics during an operation. Sources told Customs Today that Collector Saeed Akram received information about some smuggling attempts. He immediately constituted a customs team. The team established many check points in Sardashti area and started checking of vehicles. Sources said that customs team intercepted a ... Read More »

SHC seeks comments from tax authorities on petition filed by Overseas Business Corporation

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KARACHI: The Sindh High Court (SHC) has issued notices to the tax authorities and deputy attorney general of Pakistan on a constitutional petition filed by M/s Overseas Business Corporation, seeking release orders of its consignments of Quaker Qats (easy to cook) imported from Dubai. While the hearing of the petition, a two-member bench also directed them to file their respective ... Read More »

Custom Court directs suspect to appear on next hearing

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KARACHI: Custom Court Judge Syed Faiz Rasool Rashdi has directed the suspect, Abdul Ghaffar, owner of M/s G & S Manufacture, to ensure his appearance before the Customs Court on the next date of hearing. The suspect was booked in a case of mis-declaration. During the hearing, Accused Noman s/o Abdul Rauf, import manger of M/s AMI Pakistan (Pvt) Limited ... Read More »

Syed Tanveer revises value of confectioneries

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KARACHI: Customs Valuation Director General Syed Tanveer Ahmed has revised the customs values of euro cake and accordingly amended the Valuation Ruling No.946/2016. M/s Fair Marketing Pakistan represented by Advocate Muhammad Ran Kamboh challenged the Custom Value determined at S.No1, 3, 4 and 08 of the Valuation Ruling No.946/2016. They stated that these are confectionery and bakery items imported from ... Read More »