The government has proposed amendments to the Customs Act, 1969, introducing monetary penalties for importers who fail to provide mandatory documents electronically.
ISLAMABAD: Â Pakistan customs has been empowered to confiscate goods and block importers for one year on charges of contravening invoices and packing list inside container or consignment. According to budget 2021/2022 documents, the Finance Bill, 2021 proposed penalties for contravening invoices or packing list. At present if any person contravenes the requirement of placement of […]
ISLAMABAD: Pakistan Customs has been authorized to appoint or license public, common and private warehouses for shifting of dutiable goods without payment of customs duty.
ISLAMABAD: Two new directorates including national nuclear detection architecture and marine will be established in Pakistan Customs. According to budget 2021/2022 documents, the Finance Bill 2021 has proposed establishment of Directorate General of National Nuclear Detection Architecture The Directorate General of National Nuclear Detection Architecture shall consist of a Director General and as many Deputy […]
ISLAMABAD: The federal government on Friday presented budget 2021/2022 and announced measures in regime of customs duty. GUIDING PRINCIPLES (a) Remove anomalies in cascading structure of tariff (b) Promote and protect domestic industry by introducing targeted interventions (c) Enhance import-substitution by rationalizing tariffs on industrial raw materials / intermediate goods (d) Facilitate export-oriented manufacturing by […]
ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory of wearing uniform for officials in the grades up to BS-21 of Pakistan Customs Service (PCS). The FBR issued SRO 722(I)/2021 on Monday to notify draft rules for making mandatory the wearing of uniform by all customs officials from July 01, 2021. The FBR […]
KARACHI: Pakistan Customs has assured business community of early resolution of pending valuation ruling issues on priority basis. Director General Customs Valuation Ms. Shahnaz Maqbool assured this at a meeting held with members of Pakistan Federation of Chambers of Commerce and Industry (FPCCI), a statement said on Thursday. According to the statement the FPCCI and […]
ISLAMABAD: The Federal Board of Revenue (FBR) on Monday announced panel of advocates, who will represent the tax authorities in cases relating to matters of Pakistan Customs Service (PCS). The panel of advocates has been appointed for a period of three years. Pakistan Customs (North) 1. Arslal Amjad Hashmi North 2. Malik Nasir Abbas 3. […]
KARACHI: Karachi Customs Agents Association (KCAA) has appreciated the measures taken by the tax authorities for smooth customs clearance during Eid holidays. In a statement issued on Tuesday, the KCAA stated that the customs field formations at Karachi Ports observed normal working hours on May 8 h 2021 and remained open on 10th and 11th […]
ISLAMABAD: Federal Board of Revenue (FBR) has invited application for appointment of Chief Executive Officer (CEO) of Pakistan Single Window Company (PSWC). The application for the post may be submitted by May 23, 2021. The FBR said that PSWC is a public sector company incorporated under Section 42 of the Companies Act, 2017 by Pakistan […]