Jan 6

Baggage false declaration to be treated as smuggled goods

KARACHI: Any misdeclaration or false declaration of baggage carrying by passengers or crew members shall be treated as smuggled goods and penalties will be applicable related to smuggled goods. According to Tax Laws (Second Amendment) Ordinance, 2019 through which amendments have been introduced to Customs Act, 1969. As per interpretation of PwC A F Ferguson […]

by Mrs. Anjum Shahnawaz

Tax Amendment Ordinance: highlights of changes in customs law

Jan 2

Pakistan Customs

Tax Amendment Ordinance: highlights of changes in customs law

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday issued salient features of to highlight amendments to Customs Act, 1969 made through Tax Law (Second Amendment) Ordinance, 2019. Following are the salient features of changes made to customs law: 1. After section 3CC, the following new section is proposed to be inserted:- “3CCC. Directorate General of […]

by Mrs. Anjum Shahnawaz

Customs officials empowered using firearms in the line of duty

Jan 1

Pakistan Customs

Customs officials empowered using firearms in the line of duty

ISLAMABAD: The government has authorized customs officials to use firearms in the line of duty to prevent smuggling and other illegal activities. In this regard a new sub-section 3 has been inserted to Customs Act, 1969 through Tax Laws (Second Amendment) Ordinance, 2019. Federal Board of Revenue (FBR) on Wednesday issued ‘Tax Laws (Second Amendment) […]

by Mrs. Anjum Shahnawaz

Tax Amendment Ordinance: 14-year jail, penalty of ten time of value for currency smuggling

Jan 1

Pakistan Customs

Tax Amendment Ordinance: 14-year jail, penalty of ten time of value for currency smuggling

ISLAMABAD: The government has introduced very harsh penalties for offence of currency smuggling. The government enhanced the jail term to 14 years for currency smuggling above $200,000 besides ten time of value of the currency would be recovered as penalty. Federal Board of Revenue (FBR) on Wednesday issued ‘Tax Laws (Second Amendment) Ordinance, 2019’ have […]

by Mrs. Anjum Shahnawaz

FBR drafts rules for risk based customs clearance

Jan 1

Pakistan Customs

FBR drafts rules for risk based customs clearance

ISLAMABAD: Federal Board of Revenue (FBR) has drafted Risk Management System Rules for customs clearance of cargo to comply with Trade Facilitation Agreement (TFA) of World Trade Organization (WTO).

by Mrs. Anjum Shahnawaz

FBR implements duty exemption/concession under 2nd Phase Pak-China FTA

Jan 1

Pakistan Customs

FBR implements duty exemption/concession under 2nd Phase Pak-China FTA

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued concessionary rates for 6,786 tariff lines for goods imported under Second Phase of Free Trade Agreement (FTA) between Pakistan and China. The notified rates will be effective from January 01, 2020 for next 15 years i.e. December 31, 2034. The FBR issued SRO 1640(I)/2019 to implement […]

by Mrs. Anjum Shahnawaz

FBR suspends two officers of preventive Lahore

Dec 31

Pakistan Customs

FBR suspends two officers of preventive Lahore

ISLAMABAD: Federal Board of Revenue (FBR) on Monday suspended two customs officers of Model Customs Collectorate (MCC) Preventive, Lahore with immediate effect. The FBR suspended the BS-16 officers including Muzaffar Hussain and Khalid Pervaiz Bhutta for a period of three months. The revenue body suspended the officers using powers under Rule 5(1) of the Government […]

by Mrs. Anjum Shahnawaz

Convicted persons to display names at business places

Dec 29

Pakistan Customs

Convicted persons to display names at business places

KARACHI: A person, who is convicted in an office of smuggling, is required to display notice of conviction for a period of three months. If the person fails to do so the he commits further offence. Under the updated Customs Act, 1969, the section 189 of the Act granted made it compulsory for a person […]

by Mrs. Anjum Shahnawaz

Customs announces auction of mobile phones in huge quantity

Dec 21

IT & Telecom, Pakistan Customs

Customs announces auction of mobile phones in huge quantity

ISLAMABAD: Model Customs Collectorate (MCC) Islamabad has announced auction of huge quantity of mobile phones to be held on December 24, 2019 at the state warehouse of the collectorate. Following is the list of mobile phones to be presented for auction by the collectorate: 01. Q-Mobile Model K-650: 600 pieces 02. Nokia 1202: 20 pieces […]

by Mrs. Anjum Shahnawaz

Pakistan, China agree to expedite customs clearance through green corridor

Dec 11

Pakistan Customs

Pakistan, China agree to expedite customs clearance through green corridor

ISLAMABAD: Pakistan and Chinese customs authorities have agreed to expedite clearance of agriculture products under proposed green corridor at Sost-Khunjarab Border. The consensus was reached after two day’s meeting i.e. December 10-11 between the authorities of both the sides. It was agreed that Border-management cooperation would be enhanced and, for this purpose, focal persons were […]

by Mrs. Anjum Shahnawaz