The Tax Laws (Third Amendment) Ordinance, 2021 has granted enhanced powers to the Member Customs, allowing them to annul or modify orders previously passed by the Director-General of Customs Valuation.
ISLAMABAD: The Federal Cabinet on Tuesday approved the reduction of additional customs duty on import of auto parts from seven percent to two percent. The decision has been taken to promote indigenous production of vehicles in the country. This was disclosed by Minister for Information and Broadcasting Chaudhry Fawad Hussain at a press conference. He […]
ISLAMABAD: The Federal Board of Revenue (FBR) has decided to allow a single vehicle owner to transport goods under transshipment rules.
Pakistan Customs has introduced a user-friendly online currency declaration module for both outgoing and incoming international passengers.
ISLAMABAD: Federal Board of Revenue (FBR)on Friday issued a list of officers of Pakistan Customs Service (PCS) in BS-19 and BS-20, who have failed to furnish asset declaration and Performance Evaluation Reports (PERs). A circular issued by the FBR stated that it is intimated that the performance evaluation report (PERs) or Declaration of Assets or […]
ISLAMABAD: Federal Tax Ombudsman (FTO) has declared an amnesty scheme for customs clearance of stolen imported cars without legal action. Customs authorities’ decision about clearance of stolen imported cars under Transfer of Residence, Baggage Scheme or Gift Scheme upon payment of redemption fine and taxes without following any legal provision has been decleared illegal by […]
KARACHI: Federal Board of Revenue (FBR) on Wednesday transferred 75 officers of BS-18 and BS-19 Pakistan Customs Service (PCS).
The introduction of biometric verification for registration on the PSW portal marks a significant milestone in streamlining customs procedures and improving the overall experience for traders.
ISLAMABAD: Pakistan Customs has drafted law to make mandatory the certificate of origin on shipments originated from Iran and Afghanistan. According to information received on Saturday, Pakistan Customs has proposed amendments to Customs Rules, 2001 related to imports. It is proposed that it would be made mandatory for shipments originating from Iran and Afghanistan and […]
In a bid to simplify the customs clearance process and provide greater transparency to traders, the Federal Board of Revenue (FBR) has introduced a user-friendly Customs Duty Calculator. This online tool is designed to assist traders in assessing and calculating customs duties for their consignments, streamlining the overall clearance procedure.