Dec 11

Intelligence discovery of around Rs1bn evasion raises question on customs collectorates performance

KARACHI: Performance of customs officials in clearance of imported has become questionable following back to back detection of around Rs1 billion by intelligence wing. Directorate of Intelligence and Investigation (I&I) Customs pointed out tax avoidance of an amount of Rs221 million by Oil and Gas Development Company Limited (OGDCL) and recovered the same. In another […]

by Mrs. Anjum Shahnawaz

Customs intelligence recovers Rs221.7 million from OGDCL for claiming wrong exemption

Dec 11

Energy, Pakistan Customs

Customs intelligence recovers Rs221.7 million from OGDCL for claiming wrong exemption

KARACHI: Directorate of Customs Intelligence and Investigation, Karachi has recovered Rs221.7 million from Oil and Gas Development Company Limited (OGDCL) against avoiding payment of duty and taxes on import of seamless pipes. Officials at the directorate on Wednesday said that the oil and development company imported seamless pipes from China and got cleared through MCC […]

by Mrs. Anjum Shahnawaz

Ministry’s approval must for liquor import for diplomatic bonded warehouse

Dec 11

Pakistan Customs

Ministry’s approval must for liquor import for diplomatic bonded warehouse

KARACHI: The Import permission from Ministry of Commerce is necessary for the import of liquor for a diplomatic bonded warehouse. “A Muslim cannot import or deal in liquor in the diplomatic bonded warehouse,” according to explanation issued by Federal Board of Revenue (FBR) regarding Diplomatic Bonded Warehouse. “Liquor is allowed to Diplomats against the Exemption […]

by Mrs. Anjum Shahnawaz

FBR discusses Customs internship program at NUST, LUMS

Dec 10

Pakistan Customs

FBR discusses Customs internship program at NUST, LUMS

ISLAMABAD: Federal Board of Revenue (FBR) is in discussion with top universities to launch ‘Customs internship program’ for the youth of the country. In this regard, Syed Shabbar Zaidi, Chairman FBR held a meeting with Heads of Departments of National University of Science and Technology (NUST) and Lahore University of Management Sciences (LUMS) to discuss […]

by Mrs. Anjum Shahnawaz

FBR issues draft rules for movement of international transshipment cargo

Dec 9

Pakistan Customs

FBR issues draft rules for movement of international transshipment cargo

ISLAMABAD: Federal Board of Revenue (FBR) on Monday issued draft rules for the movement of international transshipment cargo through any sea port in Pakistan. The FBR issued SRO 1538(I)/2019 for introducing draft rules and asked stakeholders to provide their comments within 15 days to finalize the rules. Following are the rules to be inserted in […]

by Mrs. Anjum Shahnawaz

Customs detects fake financial instruments by importers for provisional clearance

Nov 30

Pakistan Customs

Customs detects fake financial instruments by importers for provisional clearance

KARACHI: Customs authorities have foiled a bid to clear consignments by some fabric importers on basis of fake financial instruments as payment of duty and taxes. In a statement on Saturday, Model Customs Collectorate (MCC) Port Muhammad Bin Qasim said that importers M/s. Gravity Trading Company, M/s. Iqra Textile and M/s Voroly Impex were required […]

by Mrs. Anjum Shahnawaz

FBR publishes valuation rulings to facilitate trade

Nov 29

Pakistan Customs

FBR publishes valuation rulings to facilitate trade

KARACHI: Federal Board of Revenue (FBR) on Thursday published customs valuations on its official portal to facilitate trade and for ease of doing business. A day earlier FBR Chairman directed the authorities to ensure availability of valuation rulings in order to trade facilitation and ease of doing business. The FBR published following valuation rulings at […]

by Mrs. Anjum Shahnawaz

FBR decides to publish customs valuation rulings

Nov 28

Pakistan Customs

FBR decides to publish customs valuation rulings

ISLAMABAD: Federal Board of Revenue (FBR) has decided to publish all prevailing valuation rulings to its official website in order to make customs clearance transparent and ease of doing business. The FBR in a statement on Thursday said that the chairman Syed Shabbar Zaidi, had issued special instructions to publish all Customs Valuation Rulings on […]

by Mrs. Anjum Shahnawaz

Prevailing Customs tariff for fiscal year 2019/2020

Nov 26

Pakistan Customs

Prevailing Customs tariff for fiscal year 2019/2020

KARACHI: Federal Board of Revenue (FBR) has issued updated Customs tariff for fiscal year 2019/2020, which have been imposed from July 01, 2019. According to the FBR the following documents to ascertain the prevailing customs tariff: Fifth Schedule to Customs Act w.e.f July 01 2019 First Schedule Customs Act w.e.f July 01 2019 Pakistan Customs […]

by Mrs. Anjum Shahnawaz

Customs foils bid to smuggle explosive material in garb of toys consignment

Nov 23

Pakistan Customs

Customs foils bid to smuggle explosive material in garb of toys consignment

KARACHI: Customs authorities have foiled a bid to smuggle explosive material into Pakistan in the garb of toy consignments, a statement said on Saturday. According to details Model Customs Collectorate (MCC) Port Muhammad Bin Qasim foiled the bid to smuggle into Pakistan a consignment of explosive filled fireworks/firecrackers in the garb of toys and fun […]

by Mrs. Anjum Shahnawaz