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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

DG Valuation to revise customs values of medical items, equipments vide VR No 1202/2017

File 3

KARACHI: The Directorate General of Customs Valuation has revised the customs values of medical items/equipment vide Valuation Ruling No 1202/2017 under Section 25A of the Customs Act, 1969. This Directorate General had earlier circulated the reference customs values of different medical items/equipment vide Valuation Ruling No 1021/2017 dated 26-01-2017 and Valuation Ruling 1062/17 dated 1-3-2017. However, some importers approached the ... Read More »

Customs Exports collects Rs 14.6m during 20 days of August

Tax Revenue

KARACHI: The Customs Exports has successfully collected Rs 14.6 million during the first 20 days of August 2017 of the fiscal year 2017-18. Sources told Customs Today that Customs Exports issued 12 show cause notices out of which nine final notices were served on defaulter companies in first 20 days of August. It is necessary to mention here that the ... Read More »

DG Valuation Surriya Butt decides to reschedule database from next month

Surraiya Butt

KARACHI: The Directorate General, Customs Valuation, Director General Surriya Ahmed Butt DG Valuation Surriya Butt decides to reschedule database from next month. On the other hand, she is also going to revise the Valuation Rulings No: 746/2015 and 747/2015 on August 30, 2017, it is learnt. Sources told Customs Today that an application was submitted by the importers to Customs ... Read More »

SHC directs Customs Intelligence to hand over vehicles to owners

SHC

KARACHI: The Sindh High Court (SHC) has ordered Customs Intelligence to hand over two vehicles to the owners till Sept 7. A SHC appellate bench, comprising Justice Munib Akhtar and Justice Zulfiqar Ahmed Khan, issued orders during hearing of two separate but identical petitions. In one petitioner, petitioner Muhammad Mohsin claiming to be owner of a Toyota Crown, Super Saloon, ... Read More »

Customs JIT to start probe into mega electronic scandal from today

ADC Abdul Waheed Marwat

KARACHI: The Pakistan Customs will start investigation into a mega smuggling case of electronic items from Monday (today). A Joint Investigation Team (JIT) comprising Customs Intelligence and Investigations (I&I) will kick off the investigations in pilferage of transshipment (TP) consignments by M/s K.K Metal Industry, which has head office outside Montgomery Bazaar, Circular Road, Faisalabad. The sources in the Customs ... Read More »

SHC calls remarks on petition filed by M/s S.K Packages

SHC

KARACHI: The Sindh High Court (SHC) has directed customs officials to file their respective para wise comments on the next date of hearing on a constitutional petition filed by Shahid Khalid, proprietor of M/s S.K Packages, against alleged harassment by customs authorities. A two-member bench, headed by Justice Munib Akhtar, was hearing the petition filed by the suspect who was ... Read More »

Customs Court sends suspect on physical remand in gold smuggling case

COURT1

KARACHI: Customs Court Judge Syed Faiz Rasool Rashdi has sent a suspect, Muhammad Saleem Garman, to the Customs Department on physical remand till August 22, 2017. Garman was booked in a case of smuggled gold and memory cards worth Rs 25,485,880. During the hearing, investigation officer produced the suspect before the court and informed that the suspect was facilitator in ... Read More »

M/s AnM Traders moves SHC challenging FIR

irelandcourt

KARACHI: The Sindh High Court (SHC) has issued notices to customs authorities and deputy attorney general on a constitutional petition filed by M/s AnM Traders for quashment of an FIR lodged against it on the charges of importing kerosene oil in the garb of white spirit. During the hearing of petition, a two-member bench, comprising Justice Munib Akhtar and Justice ... Read More »

Customs Exports issues show cause notices to three factories involved in tax evasion

Customs Exports issues show cause notices to three factories involved in tax evasion copy

KARACHI: The Customs Exports has issued show cause notices to thee factories, M/s Rana Traders Karachi, M/s Ayatullah and Sons Karachi and M/s SK Enterprises Thatta to recover the evaded tax amounts. According to the details, M/ s Rana Traders Karachi used wrong Pakistan Customs Tariff (PCT) headings to get a consignment of rubber toys, plastic items and other things ... Read More »

All consignments from export processing zones linked with tracking devices

epz

KARACHI: The Customs authorities have linked all the consignment moving to and from export processing zones (EPZ) with tracking devices. An export processing zone is a Customs area where one is allowed to import plant, machinery, equipment and material for the manufacture of export goods under security, without payment of duty. Sources said M/s TPL Trekker is assigned to affix ... Read More »

FBR to collect 6% WHT from non-filer CNG station owners

cngstation

KARACHI: Federal Board of Revenue has announced to collect 6 per cent withholding tax from non-filer CNG station owners. According to Withholding Tax Card for Tax Year 2017/2018, the CNG stations being the non-filers of income tax return are required to pay 6 percent withholding tax under Section 234A of Income Tax Ordinance, 2001 to person preparing gas consumption bill ... Read More »

SHC rules Sindh’s ST on rent of immovable property illegal

property

KARACHI: Sindh High Court (SHC) has ruled Sindh’s sales tax on rent of immovable property declared ultra vires. The case was placed on August 18, 2017 in the cause list for announcement of judgment before a divisional bench of SHC (Tax DB). The court allowed the constitutional petition where the levy and collection of Sindh Sales Tax on rent of ... Read More »

Smuggling thru transhipment: Customs Intelligence forms JIT for investigation

Faisalabad Customs Intelligence collects evaded tax, release consignments

KARACHI: Directorate General of Customs Intelligence & Investigation has constituted a joint investigation team (JIT) to investigate a smuggling incident through of transshipment. The four-member JIT team, headed by Customs Intelligence’s Rawalpindi region Additional Director Abdul Waheed Marwat, while other members include Deputy/Assistant Director (in-charge ASO), Karachi; Superintendent Saleemullah Khan and Intelligence Officer Akmal Hashmi, will also have five assistants. ... Read More »

Customs PCA moves SHC against M/s ICI Limited

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KARACHI: Director of Directorate of Post Clearance Audit Customs has moved the Sindh High Court (SHC), challenging impugned judgment of appellate tribunal over exemption of sales tax @ 0% under SRO 509(1)/2007 on consignment of Titanium Dioxide. According to the details, counsel for the applicant stated in its special customs reference application that M/s ICI (Private) Limited imported 15 consignments ... Read More »

Customs Court grants bail to suspect in tax evasion case

Customs court rejects bail before arrest of HSD oil smuggler copy

KARACHI: Customs Taxation and Anit-Smuggling Court Judge Syed Faiz Rasool Rashdi has granted interim pre-arrest bail to suspect namely Nashad Ali Tunio who was booked in a duty and tax evasion case of Rs 5,444,534. During the hearing, counsel for the accused person appeared before the court and moved a petition for pre-arrest bail. He argued that his client was innocent ... Read More »

M/s Kinijhar Int’l moves SHC for exemption of duty, taxes on LED bulbs etc

SHC

KARACHI: M/s Kinijhar International moved the Sindh High Court (SHC), seeking exemption of duty and taxes on consignments of LED bulbs etc as entitled under 5th schedule of the Customs Act 1969. According to the details, counsel for the petitioner stated in its constitutional petition that the petitioner is engaged in the lawful business of import of LED bulbs etc ... Read More »

DG Valuation Surriya Butt to revise VR No 927/2016 after Eid

Surraiya Butt

KARACHI: Directorate General, Customs Valuation, Director General Surriya Ahmed Butt, has decided to revise the Valuation Rulings No: 927/2016 7 September after Eidul Azha, it is learnt. According to the details, Surriya said that the department is reviewing suggestions from importers to set new prices. She further said that some valuations which were issued in 2015 and 2016 were over ... Read More »

SHC to hear hundreds of identical petitions against Valuation on 22nd

SHC

KARACHI: The Sindh High Court would hear hundreds of similar petitions on Aug 22 against customs valuation as the appellate bench issued notice to Pakistan Customs’ Directorate of Valuation for the same day. The notice was issued by the appellate bench which was comprised of Justice Munib Akhtar and Justice Zulfiqar Ahmed Khan. The petitions were filed by Global Traders, ... Read More »

Customs Court grants bail to suspects in tax evasion case

Customs court rejects bail before arrest of HSD oil smuggler copy

KARACHI: Customs Court Judge Syed Faiz Rasool Rashdi has granted pre-arrest bail to suspects namely Khurram Iqbal, proprietor of M/s Khurram Steel Mills and Syed Muhammad Rizwan, proprietor of M/s Unique Enterprises, who were booked in a case of duty and tax evasion Rs. 13,036,512. During the hearing, counsel for the accused appeared before the court and argued that his clients ... Read More »

Customs Court sends suspects on physical remand involved in gold smuggling

court8

KARACHI: The Customs Court Judge Syed Faiz Rasool Rashdi sent suspects namely Muhammad Imran son of Muhammad Farooq Patel, Anila Muhammad Imran wife of Muhammad Imran, Maheen Patel daughter of Muhammad Imran to customs department on physical remand till August 22, 2017 who were booked in a case of smuggled gold and memory cards valuing Rs25,485,880. Court also directed investigation ... Read More »