Pakistan Revenue
KARACHI: Customs laws protect officials from legal proceedings in case anything done in good faith while exercising powers. The FBR issued Customs Act, 1969 updated till June 30, 2019 incorporating amendment brought through Finance Act, 2019. Section 217 of the Customs Act, 1969 provides protection of action taken under the Act. Section 217: Protection of […]
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KARACHI: Customs laws has defined harsh penalties for pilferage or replaced enroute of transshipment of goods without payment of duty. Federal Board of Revenue (FBR) issued Customs Act, 1960 updated till June 30, 2019 incorporating changes brought through Finance Act, 2019. According to the customs laws If any goods which are loaded for transshipment, are […]
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KARACHI: Award of death sentence has been prescribed for smuggling of narcotic drugs under Customs law of Pakistan. The Federal Board of Revenue (FBR) updated Customs Act, 1969 updated till June 30, 2019 which explained penalties for different penalties. According Customs Act, 1969: If any goods be smuggled into or out of Pakistan: Such goods […]
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KARACHI: Importers are required to file goods declaration within 10 days of arrival of goods at the port of entry. The Federal Board of Revenue (FBR) issued Customs Act, 1969 update till June 30, 2019 incorporating changes brought through Finance Act, 2019. Prior to Finance Act, 2019 the importers were allowed to file goods declaration […]
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KARACHI: Importers are liable to deposit bank guarantee against deferential amount assessed provisionally by customs authorities on those consignments, which required further examination. The Federal Board of Revenue (FBR) issued Customs Act, 1969 updated till June 30, 2019 incorporating changes brought through Finance Act, 2019. The updated act explained through Section 81 the security of […]
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KARACHI: The collector of customs has been empowered to allow provisional release of imported goods, on which any offence is detected, against duty and payment and submission of bank guarantee for penalty amount. The Federal Board of Revenue (FBR) issued Customs Act, 1969 updated till June 30, 2019 incorporating the changes brought through Finance Act, […]
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KARACHI: Pakistan Customs has been empowered to refuse clearance of vessel until payment of dues including port dues and other charges and penalties.
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KARACHI: Federal Board of Revenue (FBR) has explained repayment of drawback of the export on imported goods under Customs Act 1969. The FBR issued Customs Act, 1969 updated till June 30, 2019 incorporating changes brought through Finance Act, 2019. Following are the provisions explaining the repayment of drawback: Section 35: Drawback of the export on […]
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KARACHI: Federal Board of Revenue (FBR) has said that the refunds against customs duties would be paid if claims have been made within one year. The FBR issued Customs Act, 1969 updated till June 30, 2019 incorporating changes brought through Finance Act, 2019. The FBR explained through Section 33 of the Act that refunds f […]
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KARACHI: Federal Board of Revenue (FBR) has explained determination of rate of import duty under Customs Act, 1969. The FBR issued Customs Act, 1969 updated till June 30, 2019 incorporating changes brought through Finance Act, 2019. Section 30 of the Act explained date of determination of rate of import duty. Section 30: Date of determination […]
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