Pakistan Revenue
KARACHI: The Finance Act, 2022 has amended provisions of Customs Act, 1969 to grant exemption and concessions from customs duty. Following are the exemptions and concessions of customs duty: Exemption of Customs Duty and Additional Customs Duty READ MORE: Commodities’ illegal movement to be treated as smuggling Customs Duty (CD) leviable on the import of […]
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In a move to tighten control over the illegal movement of essential commodities, the Finance Act, 2022, has expanded the definition of smuggling.
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The Federal Board of Revenue (FBR) has issued notifications for the immediate transfers and postings of officers within the Pakistan Customs Service (PCS) in BS-19 and BS-20.
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ISLAMABAD: Model Customs Collectorate (MCC) Gwadar has announced auction of motor vehicles on July 18, 2022 which will be held at Custom House Gwadar. Following is the list of motor vehicles to be presented for the auction: 01. Zamyad Pickup, Chassis No. NAZDL104TD-0068010 02. Zamyad Pickup, Chassis No. NAZPL140TB-N272445 READ MORE: Customs Sukkur to auction […]
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ISLAMABAD: The apex revenue collecting agency of Pakistan on Wednesday issued a draft to amend baggage rules. The Federal Board of Revenue (FBR) issued SRO 985(I)/2022 to propose amendments to the Baggage Rules, 2006. The draft proposed to substitute Rule 3 of the Baggage Rules, 2006. According to the substituted rule: READ MORE: Customs directed […]
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KARACHI: About four years jail term has been prescribed for tempering data of Pakistan Single Window (PSW). According to Finance Act, 2022 certain amendments have been made to Customs Act, 1969 to prescribed fine and penalty for attempting to tamper or making unauthorized entry to the online data of PSW. According to the Finance Act, […]
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ISLAMABAD: Pakistan has allowed exemption of customs duty on import of coal from Afghanistan. The country’s apex revenue authority i.e. Federal Board of Revenue (FBR) issued SRO 968(I)/2022 to exempt customs duty on import of certain items, including coal from Afghanistan. Earlier this week Prime Minister Muhammad Shehbaz Sharif approved the import of super-critical quality […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has notified procedure for issuance of temporary admission document (TAD) under Afghan Transit Trade. The FBR issued SRO 802(I)/2022 to amend Customs Rules, 2001 by inserting new rule 482A. In March 2022, Pakistan and Afghanistan implemented movement of transit and bilateral trade through TAD for commercial vehicles. Under […]
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KARACHI: Pakistan has decided to impose regulatory duty at 10 per cent from July 01, 2022. The country presented its federal budget 2022/2023 on June 10, 2022 and proposed increase on regulatory duty on various imported goods. READ MORE: Penalty amount revised for late filing income tax returns The Finance Bill, 2022 suggested levying 10 […]
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ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday constituted a scrutiny committee to examine service record of employees of Pakistan Customs Department.
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