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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

Two suspects arrested in raid by Customs I&I and LEAs at KPT, security tightened

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  KARACHI: Security at Karachi Port Trust (KPT) has been tightened after a raid  conducted by the law enforcement departments. According to the sources, on the secret information, the Customs Intelligence and other law enforcement departments conducted a raid at KPT, during which a huge quantities of SIM cards as well as the cellular phones were seized. Sources informed Customs ... Read More »

Tax evasion: Customs Exports issues notices to M/s Mugheera Associates, M/s Absa Knitwear

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KARACHI: The Customs Exports has served two show cause notices and one final notice on tax defaulters and tax evaders for recovery of dues. Sources told Customs Today that Custom Exports issued notices to three companies, including M/s Mugheera Associates and Sons, M/s Absa Knitwear and Export and other. According to the detail, M/s Mugheera Associates used wrong Pakistan Customs ... Read More »

Customs Court adjourns hearing of mega tax evasion case

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KARACHI: The Customs Court Judge Syed Faiz Rasool Rashdi adjourned the hearing of case filed against suspects Adnan son of Muhammad Ashraf and Muhammad Junaid son of Abdul Razzaq, who were booked in a case of smuggled/ non-duty paid contraband mobile phones, tablets, LED TVs, satellite dish receivers etc and evaded the duty and taxes Rs 5,35,48,97 to public exchequer. ... Read More »

Collector Shahnaz orders action against officials involved in delaying clearance of consignments

Collector Appraisement WEST - SHahnaz Maqbool

KARACHI: Collector Model Customs Collectorate of Appraisement West Shahnaz Maqbol has taken notice of delayed clearance of consignments at Karachi International Containers Terminal (PICT) and directed the additional collectors and deputy collectors to take actions against those officials who are involved in delaying the examination and assessments of the imported consignments. Sources told Customs Today that some importers and traders ... Read More »

PCA detects Rs 60m tax evasion by M/s Nestle Pakistan Limited

PCA detects duty tax evasion worth Rs39m by M s Nestle Pakistan Ltd copy

KARACHI: Directorate of Post Clearance Audit (PCA) Director Nadeem Memon has detected tax evasion of Rs 60 million allegedly by M/s Nestle Pakistan Limited. Director PCA Nadeem Memon told Customs Today that M/s Nestle Pakistan Limited imported 64 consignments of coco crunch and caused a loss of Rs 60 million to national exchequer by evading taxes and duties. The director ... Read More »

Customs Court extends bail of suspects involved in tax evasion

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KARACHI: Customs Court Judge Syed Faiz Rasool Rashdi extended pre-arrest bail of 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 evasion of duty and taxes of Rs 13,036,512. Earlier, counsel for the accused persons appeared before the court and argued that his ... Read More »

SHC seeks comments on petition filed by 15 importers against VR No. 874/2016

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KARACHI: The Sindh High Court (SHC) has directed the customs officials to file their comments on a constitutional petition filed by 15 importers against determination of customs values of “Ceramic and Porcelain Tiles” over and above 12.5 percent of the Valuation Ruling No 874/2016 by Director General of Valuation. A two-member bench, comprising Justice Munib Akhtar and Justice Umer Sial, ... Read More »

SHC seeks remarks on petition filed by M/s RK Shippers

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KARACHI: The Sindh High Court (SHC) has adjourned the hearing of a constitutional petition filed by M/s RK Shippers Karachi, seeking restoration its license suspended by customs officials. A two-member bench, comprising Justice Munib Akhtar and Justice Omer Sial, was hearing the petitioner. During the hearing, counsel for the parties sought time to file comments, therefore, the court adjourned the ... Read More »

Appraisement East detects tax evasion of Rs 12.56m by M/s Farooq Traders

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KARACHI: The Model Customs Collectorate of Appraisement East has unearthed tax evasion of Rs 12.56 million in the clearance of electronics items imported by M/s Farooq Traders. Source told Customs Today that the Collector Appraisement East Ashadd Jawad directed the R&D section to verify the post clearance consignments of the importer M/s Farooq Traders. During the scrutiny, it was found ... Read More »

Customs values of soft/hard wood teek/swan timber to be fixed on 20th

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KARACHI: With the aim to determine customs values of soft/hard wood teek/swan timber, the Directorate General of Customs Valuation has scheduled a meeting with the stakeholders, including importers, traders and industry representatives. According to the schedule on Friday (October 20), a meeting would be held with the representatives of Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Karachi Chamber ... Read More »

Rs250 duty imposed on Rs15k smartphones, Rs300 duty on Rs6k handsets

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KARACHI: The Federal Board of Revenue (FBR) has imposed a duty of Rs250 on smartphones worth Rs15,000 or above while Rs300 has been levied on cheaper handsets worth Rs6,000 or above. The Board levied regulatory duty on 731 import items, of which 331 were new goods while 307 were subject to a higher duty in the range of 5% to ... Read More »

SHC orders Hyderabad Customs to produce Hino bus on 24th

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KARACHI: Sindh High Court (SHC) has ordered Hyderabad Customs to produce a Hino bus before Nazir of Court on Oct 24. A SHC bench, comprising Justice Munib Akhtar and Justice Omar Sial, was hearing the constitutional petition filed by one Mir Ahmed challenging detention of the vehicle bus plying between Hyderabad and Sukkur. The Hino bus is presently in custody ... Read More »

Appraisers called off strike after assurance: Raja Waseem

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KARACHI: Customs Employees Union Vice President Raja Waseem has said that appraisers strike did not put any negative impact on the national economy. All importers consignments were cleared who had deposited duties. Talking to Customs Today, Raja Waseem agreed that clearance of consignments were halted due to appraisers strike and there was no movement at PICT, KICT and KPT from ... Read More »

PCA detects tax evasion of Rs2.28m by M/s Hakeem Ali Associates

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KARACHI: Directorate of Customs’ Post Clearance Audit has detected duties and tax evasion of Rs 2.28 million allegedly by M/s Hakeem Ali Associate, it is learnt. The official sources told Customs Today that M/s Hakeem Ali Associate imported three consignment of motorcycle and others vehicles parts under PCT Heading 2409.2387 and cleared PQ Karachi vide GDs  No KM-50637 on November ... Read More »

Customs Court adjourns hearing of donkey hides case

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KARACHI: Customs Court Judge Syed Faiz Rasool Rashdi has directed counsel for the accused persons to prepare and file comments on the next date of hearing in a case of attempting to smuggle donkey hides worth Rs 124,650,000 from Lahore to Karachi. The hides were to be smuggled to China. According to the prosecution, local police recovered 4,986 donkey hides ... Read More »

SHC calls comment on petition seeking release of six oil tankers

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KARACHI: The Sindh High Court (SHC) has directed customs officials to file comments on a constitutional petition filed by Najeebullah son of Haji Abdul Samad, Azmatullah son of Such Dino Jatoi and others, seeking release of six oil tankers seized by customs officials. The tankers were allegedly used in smuggling of Iranian-origin high speed diesel. A two-member bench, comprising Justice ... Read More »

Adjudication-II recovers Rs 3.56m from M/s Mehboob & Sons

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KARACHI: The Customs Adjudication-II has sent a final notice to a defaulter company M/s Raheel Enterprises and recovered Rs 3.56 million from M/s Mehbood & Sons. According to details, M/s Raheel Enterprises was found involved in the tax evasion. The company imported fancy electric board in August and used wrong PCT. After careful investigations, the Customs Adjudication-II sent the company ... Read More »

Customs values of liquid, UHT, flavoured and Lacnor milk to be fixed on 20th

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KARACHI: With the aim to determine customs values of liquid, UHT, flavoured and Lacnor milk, the Directorate General of Customs Valuation has scheduled a meeting with the stakeholders, including importers, traders and industry representatives. According to the schedule on Thursday (October 19), a meeting would be held with the representatives of Federation of Pakistan Chambers of Commerce & Industry (FPCCI), ... Read More »

SHC to hear dozen of petitions filed by importers of food supplement

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KARACHI: Sindh High Court will hear final arguments in more than a dozen of constitution petitions filed by importers of food supplement treated on October 19. The appellate bench, comprising Justice Munib Akhtar and Justice Omar Sial, will hear the petition filed by Shama Communication, Pakistan Tibbi Pharmaceuticals Manufacturers, Wajiha Shahzad, Pakistan Chemist & Druggist Association, Pakistan Chemist & Durggist ... Read More »

SHC orders Customs to release vehicle detained for fake auction documents

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KARACHI: A Sindh High Court’s customs appellate bench has ordered release of a Toyota X series. A customs appellate bench, comprising Justice Munib Akhtar and Justice Omar Sial, was hearing a constitution petition filed by owner of a vehicle duly purchased locally. According to details Fazal Subhan who deals in US Immigration cases and a psychologist was going to Jinnah ... Read More »