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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 I&I impounds non-duty paid items worth Rs 10 million

RUBAB SIKANDAR

LAHORE: Directorate of Customs Intelligence and Investigation has seized non-customs paid items worth Rs 10 million from various places in and around the city. The items were loaded on four Mazda trucks. Official sources told Customs Today that a customs team intercepted a truck near Shera Kot bearing registration no: LES/ 2901 and recovered non-customs paid items worth millions of ... Read More »

Govt should facilitate businessmen for betterment of national economy: Raja Hassan Akhter

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LAHORE: The Federal Board of Revenue (FBR) should not raid business premises of traders and industrialists as they are as their patriotism is out of question. These views were expressed by Raja Hassan Akhter, President of Lahore Businessman Front during an exclusive interview with Customs Today. Akhter said that raids by FBR on business premises create fears among the business ... Read More »

Customs Intelligence unearths Rs39m misdeclaration scam

Pakistan Customs

LAHORE: Directorate General of Customs Intelligence and Investigation has detected a Rs39 million worth of misdeclaration scam by an Islamabad-based company. The company imported polyester and wascos fabric from China and got illegal tax relaxation under SRO 1125(1)2011. The Customs Intelligence, on information, started investigation against the importer. During investigation, it was revealed that the company is not among the ... Read More »

FBR makes it mandatory to mention offshore companies in tax returns

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LAHORE: Federal Board of Revenue (FBR) has launched new income tax returns forms 2017. This form is separately designed for individuals and association of persons. According to details, in the newly introduced income tax form, the taxpayers have to mention their source of income. FBR declared in this form that all types of business, investment, rented properties should be mentioned ... Read More »

FTO hears case of filed by proprietor of M/s Rehmani Metal Traders

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LAHORE: The Federal Tax Ombudsman (FTO) has postponed a case filed by proprietor of M/s Rehmani Metal Traders against the Corporate Regional Tax Office (CRTO) Lahore until the next date of hearing. According to the details, FTO Consultant Tariq Yousaf heard the complaint number FTO-LHR//000042/17 of Muhammad Ashraf, proprietor M/s Rehmani Metal Traders in which the counsel for the appellant ... Read More »

Hearing of case filed by M/s Famal Rug Weavers Pvt adjourned

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LAHORE: The Federal Tax Ombudsman (FTO) has adjourned the hearing of a case filed by M/s Famal Rug Weavers Private Limited against Regional Tax Office (RTO), Sialkot until next hearing. According to the details, Consultant to Federal Tax Ombudsman Tariq Yousaf heard the complaint number FTO-LHR/0000171/17 Imtiaz Ahmed Butt, owner of M/s Famal Rug Weavers Private Limited in which the ... Read More »

Govt asked to reduce customs duty, tax to curb smuggling

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Pakistan has tremendous potential for export growth: Awais Saeed Piracha LAHORE: The government should reduce duty and taxes on the import items, including tyres to curtail smuggling which is inflicting huge losses to the national kitty. Pakistan has tremendous potentials for exports but the current trend is not encouraging.  It is essential to have an agricultural policy that increases the ... Read More »

FTO adjourns hearing of case filed by M/s Saleem Steel Mills until next date

FTO

LAHORE: The Federal Tax Ombudsman (FTO) consultant has adjourned the hearing of a case filed by M/s Saleem Steel Mills against the Regional Tax Office (RTO), Gujranwala, until the next hearing. The FTO will hear the case after three weeks. According to the details, FTO Consultant Tariq Yousaf heard the case in which counsel for the appellant argued that the ... Read More »

Deputy Collector Hassan Farid issues ONO in favour of ASO

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LAHORE:  The Deputy Collector Customs Adjudication Mohammad Hasan Farid has issued an Order-in-Original (ONO) No. 228-229/2017. According to the details, Superintendent Anti Smuggling Organization vide Contravention Report no. 90/2017 dated 8.5.2017 endorsed vide C. No. 4.5.2017 dated 23.5.2017 are that pursuance to an information on 4.5.3027, the staff of Customs Anti-Smuggling Organization Lahore as mentioned above intercepted a cartons of ... Read More »

FBR promotes three customs officials of BS-19

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LAHORE: Federal Board of Revenue (FBR) issued a notification for transfers/postings of following officials with immediate effect and until further orders. According to notification no: 2242-C-I/2017 Ms. Farah Farooq (BS-19) officer of Pakistan Customs is promoted and posted as Additional Collector Directorate of Intelligence and Investiation-FBR with immediate effect. While Muhammad Rashid Munir Siddiqui (BS-19) official of Pakistan Customs is ... Read More »

Customs Appellate Tribunal rejects appeal of M/s B.H.A Int’l

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LAHORE: The Customs Appellate Tribunal has dismissed an appeal filed by the M/s B.H.A International against the Colellector of Customs, Collectorate of Customs, Multan and others. According to the details, Member Technical Bench-II heard the case in details and passed the judgment that the right of appellant for invocation of appellate powers of tribunal has already barred by limitation, hence, ... Read More »

Customs Appellate Tribunal orders to recover evaded amount from M/s Wateen Wimax Private Limited

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LAHORE: Customs Appellate Tribunal has ordered the customs department to recover short paid duties and taxes from M/s Wateen Wimax Private Limited in case filed against Collector of Customs (Adjudication), Customs House Lahore and Collector of Customs, Customs Collectorate (Preventive) Customs House Lahore. According to the details, Member Technical Imran Tariq heard the appeal filed by M/s Wateen Wimax Private ... Read More »

Customs Court approves judicial remand of two accused involved in smuggling

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LAHORE: The special federal court of customs taxation and anti smuggling has approved 14 days judicial remand of two accused, they were arrested in a smuggling case of mobile phones. According to details an accused Noor Gull and Muhammad Tahir were arrested by the customs intelligence authorties of lahore while they were making attempt to smuggle 665 mobile phones from ... Read More »

Rs11m tax default: FBR attaches bank accounts of M/s Urban Sole Shoes

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LAHORE: The Federal Board of Revenue (FBR) has frozen bank accounts of a famous shoes manufacturing company M/s Urban Sole Private Limited. FBR has also recovered Rs 7.4 million from bank accounts of the above said company. Sources told Customs Today, that  FBR has attached bank accounts of M/s Urban Sole in Bank Alfalah Shahdra branch and Meezan Bank Kot ... Read More »

Customs Appellate Tribunal rejects appeal filed against M/s Zain Enterprises

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LAHORE: The Customs Appellate Tribunal has rejected an appeal filed by the Deputy Director, Directorate of Customs Post Clearance Audit Lahore against M/s Zain Enterprises. According to the details, Member Technical Bench-II Imran Tariq heard the case in details and passed the order that before leaving the judgment, the appellant’s contention that the description of business activities of the respondent ... Read More »

Customs tribunal orders to recalculate liabilities of M/s Steel Complex

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LAHORE: The Customs Appellate Tribunal has ordered the Deputy Collector of Customs, Appraisement Lahore, to recalculate the appellant’s liability in an appeal filed by M/s Steel Complex (Private) Limited. According to the details, Member Technical Bench-II heard the case in details, provided the full chance to both parties and passed the judgment that the lowest value as admitted by the ... Read More »

Special Customs Court puts off worth Rs6million mobile phones smuggling case

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LAHORE: The Special Federal Court of Customs Taxation and Anti-Smuggling has adjourned the case of mobile phones’ smuggling for next Friday. Earlier, the court had approved the post-arrest bail pleas of the accused arrested in mobile smuggling case. According to details, accused Abdul Waheed and Agha Wali were apprehended by the customs intelligence authorities from The Mall Lahore. On Saturday, ... Read More »

Customs ASO seizes 625 mobile phones, accessories from Shera Kot

Collector Zulfiqar ALi

LAHORE:  Collectorate of Customs Preventive Anti-Smuggling Organization (ASO), in pursuance of information, seized 625 mobile phones of Samsung and Rivo brands and accessories along with the vehicle carrying the contraband goods. The market value of the seized items is approximately Rs 10.5 million. Sources told Customs Today that Collector Customs Preventive Zulfiqar Ali Chaudhary received information about some smuggling attempts. ... Read More »

FBR serves notices on 1,980 tax evading govt officials

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LAHORE: The Federal Board of Revenue (FBR) has issued notices to around 1,980 tax evading government officials who have been identified through monitoring of withholding tax on the fees paid to the educational institutions. According to the sources of Customs Today, the Federal Board of Revenue has spotted all the government officials in the audit. The FBR has served notices ... Read More »

FBR’s I&I-IR barred from using investigation authority

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LAHORE: High Court has barred Federal Board of Revenue’s (FBR) Intelligence & Investigation-Inland Revenue from using authority of investigation until further orders. The LHC has sought reply from the federal government, FBR chairman and Intelligence & Investigation-IR director general and issued notices to them. The petitioners’ lawyer, Waseem Ahmed Malik advocate, told the court that it is compulsory for the ... Read More »