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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

LHC bars FBR from sales tax audit of commercial importers

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LAHORE: Lahore High Court (LHC) has restricted the Federal Board of Revenue (FBR) from sales tax audit of commercial importers and issued a stay order on M/s SI Trading appeal. As per details of the case, Justice Shahid Karim of Lahore High Court (LHC) heard the appeal filed by M/s SI Trading in which the counsel for appellant Muhammad Mohsin Virk advocate ... Read More »

Customs Appellate Tribunal sets aside ONO on appeal filed by M/s Shengshan Resource Pvt Ltd

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LAHORE: Customs Appellate Tribunal set aside Order-in-Original issued by Customs Adjudication on an appeal filed by M/s Shengshan Resource Private Limited. The appeal was filed by Deputy Director, Post Clearance Audit (PCA). Muhammad Sadiq, member technical bench-II, heard the arguments submitted by the appellant and respondent and decided the case with arguments that impugned order is set aside and ordered the ... Read More »

LHC moved against banning non-filers from purchasing a vehicle

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LAHORE: A petition has been filed in Lahore High Court against the restriction imposed by the government on non-filers to purchase or book new cars. The petition was filed on constitutional grounds, i.e. it violates the fundamental rights of a person. The honourable high court has accepted the petition and has asked the government and concerned departments, such as the ... Read More »

Customs I&I recovers huge quantity of electronics items from Temple Market

RUBAB SIKANDAR

LAHORE: Directorate of Customs Intelligence and Investigation (I&I) team raided a godown belonged to M/s Ahmed Systems located in Mian Market Temple Road and recovered huge quantity of electronics items. Sources told Customs Today that Director Customs Intelligence and Investigation Rubab Sikandar credible information that huge quantity of electronics and dumped in some godowns located in Mian Plaza. She immediately ... Read More »

Number of taxpayers increased by 30pc to 1.4m in a year: Hammad Azhar

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LAHORE: Minister of State for Revenue Hammad Azhar has said that number of taxpayers in the country have increased by 30 per cent during a year, while the Federal Board of Revenue (FBR) has issued notices to further 20,000 non-filers. Addressing a press conference at Directorate General Public Relations (DGPR) Punjab, he said that so far 1,400,000 (1.4 million) taxpayers ... Read More »

FBR extends date for integration of PoS with online system till Dec 21

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LAHORE: Federal Board of Revenue (FBR) on Wednesday extended the date for Point of Sales (PoS) integration with the online system of the Board till December 21. As per an SRO as provided in clause (b) of rule 150ZEE of the Sales Tax Rules, 2006, the eligible taxpayers intending to avail the benefit of reduced rate as provided in condition (xv) ... Read More »

Customs Appellate Tribunal reduces penalty on M/s Ahmed Hassan Textile Mills

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LAHORE: Customs Appellate Tribunal settled the case filed by M/s Ahmed Hassan Textile Mills against Collector of Customs Adjudication Faisalabad and others. After hearing both parties, Muhammad Sadiq, member technical bench-II passed a judgment with remarks that there is no need to interfere in principal liability of Rs2,014,497 in taxes and duties and penalty of Rs500,000 is reduced to Rs100,000. ... Read More »

FBR organises training workshop on FATF for Excise officers

Shad Muhammad

LAHORE: A training programme was organised under the auspices of the Directorate General (DG) Intelligence & Investigation (I&I) Inland Revenue, Islamabad held here at Regional Tax Office (RTO) Lahore on Wednesday. The basic purpose of the training programme was the creation of awareness among the officers of Excise & Taxation Department regarding important points of the plan under Financial Action ... Read More »

Customs GPO seizes heroin worth Rs40m from consignment

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LAHORE: Collectorate of Customs Preventive team deputed at General Post Office (GPO) foiled a bid to smuggle four kilograms of heroin worth Rs40 million. Sources told Customs Today that the heroin was tactfully hidden in the utensil and was destined for the United Kingdom. Collector Preventive Jamil Nasir Khan directed to register a case against the persons who booked the consignment. ... Read More »

Customs Appellate Tribunal reduces penalty on M/s Consolidated Engineering

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LAHORE: Customs Appellate Tribunal on Tuesday modified the Order-in-Original and accepted the appeal filed by M/s Consolidated Engineers against Deputy Collector of Customs, AFU, Preventive Lahore. As per brief history of the case, appellant M/s Consolidated Engineers imported a consignment of glass parts of Chandeliers and filed the GD No LPAF-HC-60551 declaring value of Euro 684.50 and duty and taxes were ... Read More »

NAB detains Khawaja Saad Rafiq & Salman Rafique in Paragon Housing scam

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LAHORE: The National Accountability Bureau detained Pakistan Muslim League-Nawaz (PML-N) leaders Khawaja Saad Rafique and his brother Salman Rafique today. The PML-N leaders were detained after the Lahore High Court (LHC) rejected their request for an extension in their bail petitions. NAB has been probing the Rafique brothers in the Paragon Housing scam. A two-judge bench headed by Justice Tariq ... Read More »

Customs Appellate Tribunal rejects appeal in seized mobile phones case

Customs foils attempt of mobile smuggling at Allama Iqbal Airport copy

LAHORE: Customs Appellate Tribunal dismissed the appeal in seized mobile phones, spectacle frames and auto refractory case. Customs Appellate Tribunal upheld Order-in-Original (ONO) in seized mobile phones and waived off the penalty. The appeal was filed by Lutafur Rehman, a resident of Peshawar against Superintendent of Customs (Traffic), Allama Iqbal International Airport Lahore. As per brief facts of the case, ... Read More »

Customs ASO foils bid to smuggle betel nuts, gutka

ADC Tayba Kayani

LAHORE: Collectorate of Customs Preventive, Anti-Smuggling Organization (ASO) foiled a bid to smuggle a huge quantity of betel nuts and Indian origin TwooneTwo gutka. Sources told Customs Today that Additional Collector Tayyaba Kiyani received credible information about the smuggling attempt.  She immediately constituted a raiding team under the supervision of Deputy Collector Moazzam Raza which also included Superintendent Agha Qadeer Haider, ... Read More »

Customs ASO impounds truck loaded with non-duty paid dry fruit worth Rs41m

ADC Tayba Kayani

LAHORE: Collectorate of Customs Preventive Anti-Smuggling Organization (ASO) team recovered huge quantity of dry fruit worth Rs41 million during a raid in Akbari Mandi. Sources told Customs Today that Additional Collector Tayyaba Kiyani received information that a huge quantity of smuggled dry fruit is loaded on a truck parked inside Akbari Mandi. She constituted an anti-smuggling squad under the supervision ... Read More »

Customs ASO foils bid to smuggle betel nuts, gutka from Okara to Karachi

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LAHORE: Collectorate of Customs Preventive anti-smuggling squad foiled a bid to smuggle a huge quantity of betel nuts. Sources told Customs Today that Additional Collector Tayyaba Kiyani received information that a huge quantity of smuggled betel nuts and Indian gutka would be transported from Okara to Karachi in the garb of transportation of rice. Pursuant to the aforementioned information, the staff ... Read More »

Customs establishes ‘Mobile Registration Center’ at AFU

Allama Iqbal

LAHORE: Collectorate of Customs established ‘Mobile Registration Center’ at Allama Iqbal International Airport under Devices, Identification, Registration and Blocking System (DIRBS) which was launched by the Government of Pakistan for the regularization of unregistered mobile phones in Pakistan. 31st December is the last date for registration of mobile phones. Collector of Customs Nasir Jamil Khan issued a notification in which it ... Read More »

ASF hands over currency smuggler to customs department

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LAHORE: Airport Security Force (ASF) handed over a currency smuggler Khurram Iqbal to the Customs department who was arrested from Allama Iqbal International Airport. On 6.12.2018, Airport Security Force (ASF) intercepted a passenger who was boarded a flight scheduled to depart from Lahore to China. Air Security Force staff also recovered $52,000 from his possession. According to the sources, ASF, ... Read More »

Customs I&I undertakes postings, transfers

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LAHORE: Directorate of Customs Intelligence and Investigations Deputy Director Khaldunul Haq issued orders of transfers and postings of twenty employees with immediate effect. According to a notification, Superintendent Muhammad Anwar transferred and posted from Rawalpindi to Lahore, Superintendent Tahir Iqbal from Peshawar to Multan, Principal Appraiser Irshad Ali Shah from Lahore to Karachi, Intelligence Officer Sohail Murtaza transferred from Karachi ... Read More »

Customs Appraisement issues notices to three defaulter companies

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LAHORE: Collectorate of Customs Appraisement Mughalpura Dry Port issued recovery notices to three companies involved in non-payment of dues. According to sources of Customs Today, office of the assistant collector customs recovery has issued notices to M/s Aeco International, M/s KK Traders and M/s Fara Agro Pvt Ltd. All of the companies are a defaulter of millions of rupees in ... Read More »

Deputy Collector Moazzam transfers three customs inspectors

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LAHORE: Collectorate of Customs Preventive Deputy Collector Headquarters Mohammad Moazzam Raza transferred and posted three customs inspectors with immediate effect. According to a notification, Inspector Rai Khalid Javed who is performing his duties at Customs Headquarters transferred and posted at Land Freight Unit (LFU) Wagha. Inspector Qasim Ali Bhtti who is currently posted at Air Freight Unit of Allama Iqbal ... Read More »