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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

Port Qasim Authority to hire maritime pilot boat to facilitate importers, exporters

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KARACHI: Port Qasim Authority is going to hire a maritime pilot boat to accelerate it operations in order to facilitate importers and exporters. According to sources of Customs Today at Operation and Maintenance, Port Qasim Authority has sought bids from local, experienced and stable firms for the pilot boat which will conduct the voyage on 18 knots. The offering companies ... Read More »

Appraisement West foils bid to evade taxes worth Rs15m by M/s FAS Enterprises

Appraisement West foils bid to evade taxes worth Rs15m by M s FAS Enterprises copy

KARACHI: Customs Collectorate Appraisement West thwarted a bid to evade taxes worth Rs15 million. According to sources collector Appraisement West received credible information about some attempts of mis-declaration. He directed appraising team to enhance checking of consignments. He checking the team reassessment of already cleared container number XMM 4-6153787 and container number MAGU-5690011. Both containers’ imported by one company namely ... Read More »

Customs court directs IO to submit charge-sheet against Faisal, Shafi & others

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KARACHI: Customs Court Judge Syed Faiz Rasool Rashdi directed the investigation officer to complete investigation and submit a charge-sheet against accused Faisal Abbas, owner of M/s Shafi Shah Muhammad Ghous Lahore, and directors/involved persons of M/s United Marine Agencies (private) limited for deliberately submitting misleading information regarding the false bills of shipment. During the hearing, investigation officer submitted an FIR ... Read More »

Customs Intelligence detects tax evasion of Rs 191m by M/s Diamond Company

Tax Evasion

KARACHI: The Customs Intelligence and Investigation has detected a case of mis-declaration by M/s Diamond and Company on consignments of bed sheets and curtains . According to sources, on the directions of Director General Samina Taslim Zehra, a customs team examined some consignments and found that the importer had tried to evade taxes by showing less cost of its imports. ... Read More »

SHC directs tax dept to file comments on exemption of income tax certificate

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KARACHI: The Sindh High Court (SHC) directed the counsel for the tax department to submit its para-wise comments on next date of hearing on a constitutional petition filed by M/s Wings Security (Pvt) Ltd seeking exemption income tax certificate. A two-member bench, headed by Justice Munib Akhtar, was hearing the petition. During the hearing, court was informed that counsel for ... Read More »

Customs Exports issues notices to companies for alleged tax evasion

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KARACHI: The Customs Exports has issued show-cause notices to two factories in order to collect the evaded tax amounts. The Customs authorities issued notices to M/s Sadaf Garments and Knit Wear Karachi and Ibrahim Plastic and Export at Thatha. M/s Sadaf Garments and Knit Wear used wrong PCT headings to get its silk fabric consignment cleared in March and caused ... Read More »

Customs Port Qasim detects tax evasion by two companies on import of wood from Europe

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KARACHI: Customs Collectorate Port Qasim detected mis-declaration of wood consignments by two companies which were trying to evade taxes and duty by showing less weight. According to sources, M/s Kashif and Company and M/s Yaqoob and Company attempted to evade taxes of Rs 992,000 on expensive wood imported from Europe. The two companies imported Swan timber and resorted to mis-declaration. ... Read More »

Appraisement East investigating misuse of pay-order by M/s Malik Corporation

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KARACHI: The Customs Collectorate of Appraisement East is investigating the misuse of a pay-order worth Rs 2,359,200. The complainant, Muhammad Saleem Khan, Appraising Officer at Research and Development Section, Appraisement East, Customs House, Karachi has registered the First Information Report against illegal removal of pay-order in the Securities Section of the Collectorate. The FIR mentioned that Malik Sarfaraz Nawaz, proprietor ... Read More »

SHC suspends coercive recovery of amount from M/s Imperial Trading Corporation

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KARACHI: The Sindh High Court (SHC) suspended the operation of an impugned show cause notice for recovery of disputed amount of Rs09.3million on a constitutional petition filed by M/s Imperial Trading Corporation seeking restraining order on coercive recovery issued by Officer Inland Revenue Unit-8, Range-C, Zone-IV. Hearing the petition, a two-member bench, headed by Justice Aqeel Ahmed Abbasi, also issued notices ... Read More »

Non-adjustment of input tax on packing material from July 1, 2016 challenged

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KARACHI: Mekotax Private Limited, KAM International, Umer Garments, J.B Corporation, S.M Traders and Asacotex moved the Sindh High Court (SHC) challenging non-adjustment/dis-allowance of input tax on packing material from 1st of July 2016 vide SRO 491 (1) 2016. Counsel for the petitioners submitted in constitutional petition that they are, inter alia, engaged in the business of processing, manufacturing, packing and ... Read More »

Customs court directs IO to submit charge-sheet in mega tax evasion case

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KARACHI: Customs Court Judge Syed Faiz Rasool Rashdi directed the investigation officer to complete the investigation and submit charge-sheet against absconding accused Majid Ali, owner of M/s Global Textile, directors of M/s Martitime Agencies (private) limited and others who deliberately submitted misleading information regarding the false bills of shipment and evaded duty and taxes Rs10.4million. During the hearing, investigation officer ... Read More »

RTO-II collects Rs43412m till 22nd April, eyes to bring non-filers into tax net

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KARACHI: The regional tax office (RTO-II) collected Rs43412 million in 22 days of April. Out of which, the RTO-II collected income tax Rs40725 million in the above said period. Additional Commissioner RTO-II Imran Farooqi told Customs Today that RTO-II collected Rs2256 million sales tax, Rs431 million federal excise duty. Whereas, the RTO-II collected Rs35532 million revenue in first 15 days ... Read More »

SHC orders Customs to release baby diaper consignment

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KARACHI: The Sindh High Court (SHC) has ordered Customs authorities to release consignment of baby diapers. The SHC appellate bench, comprising Justice Munib Akhtar and Justice Arshad Hussain Khan, issued order while hearing a constitutional petition regarding imposition of Customs value on higher side. During the hearing, Talal Tariq Khursheed advocate of Franklin Law Associates represented importer Spectrum Enterprises. The ... Read More »

Appraisement-East issued notice in illegal import of valencia oranges case

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KARACHI: The Sindh High Court (SHC) has issued notice to the Customs Appraisement-East in a case of illegal import of valencia oranges from Egypt and adjourned hearing till May 2. The SHC appellate bench, comprising Justice Munib Akhtar and Justice Arshad Hussain Khan, was hearing a petition filed by Aisha Enterprises against Ministry of National Food Security and Research, Federal ... Read More »

Appraisement East lodges FIR against importer, others for feeding wrong information in WeBOC

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KARACHI: The Customs Collectorate of Appraisement East has filed a First Information Report against Muhammad Ishaque, owner of M/s Muhammad Ishaque (NTN No1297375-7), located at 19 Chamber Lane Road, Lahore and directors/involved persons of M/s United Marine Agencies (Pvt) Ltd., located at 8th Floor, Bahria Complex-IV,  Gizzri, Clifton, Karachi and owner/partner of M/s Churra and Co (Chal376) at P.No202, Uni ... Read More »

Customs I&I-Enforcement thwarts attempt of mis-declaration by M/s Diamond Fabrics

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KARACHI: Directorate General of Custom Intelligence and Investigation (I&I) Enforcement has taken action against M/s Diamond Fabrics operating as importer / exporter manufacturing unit involved in the misuse of SRO-4500(I)/2001. According to the details, Directorate General of Custom Intelligence and Investigation (I&I) Enforcement consistently received complaints from All Pakistan Textile Manufacturers Association (APTMA) that certain unscrupulous elements in trade are ... Read More »

Customs ASO busts smuggled goods worth Rs 4.3 million

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KARACHI: Customs Preventive Anti-Smuggling Organization (ASO) has seized a huge quantity of hashish along with other contraband items worth millions of rupees. According to the details, the team of Customs Preventive ASO raided near Mochko at a passenger bus and recovered a huge quantity of hashish along with other contraband items worth millions of rupees. Deputy Collector Ali Raza Turrabi ... Read More »

Customs court grants bail to suspect booked in tax evasion case

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KARACHI: Customs (Taxation & Anti-Smuggling) Court Judge Syed Faiz Rasool Rashdi granted an interim pre-arrest bail to accused Asif Deenar S/o Abdul Razzak, proprietor of M/s A-l Asif Enterprises Karachi, who was booked in a tax evasion case. During the hearing, above named accused appeared before the court along with his counsel and moved an application for bail. After the ... Read More »

SHC directs ATIR Appeals-I to decide appeal of Jubilee Insurance within four weeks

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KARACHI: The Sindh High Court (SHC) restrained the tax department from taking any coercive action against the petitioner and directed the Appellate Tribunal Inland Revenue Appeals-I Karachi to decide the appeal of petitioner within a month on a constitutional petition filed by the Jubilee General Insurance Company Ltd against a show cause notice for recovery of disputed amount issued by ... Read More »

SHC extends interim order on restoration of STR of M/s Ship Masters

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KARACHI: The Sindh High Court (SHC) extended an interim order on the restoration of petitioner’s sales tax registration for further two weeks and directed the tax department to decide the matter according to the law on a constitutional petition filed by M/s Ship Masters seeking restoration of its sales tax registration suspended by tax authorities. A two-member bench, headed by ... Read More »