Karachi, January 5, 2024 – Pakistan Customs has established a set of conditions for the repayment of drawback on the export of imported goods during the tax year 2024.
Karachi, January 4, 2024 – The Federal Board of Revenue (FBR) has taken a decisive step by announcing that it will reject refund claims of customs duty if filed after one year.
In an effort to combat fiscal fraud and uphold transparency, the updated Customs Act of 1969 includes detailed provisions regarding fiscal fraud, primarily outlined in Section 32A.
Karachi, January 2, 2024 – Officers of the Federal Board of Revenue (FBR) have been granted enhanced authority to determine the customs value on the import or export of goods.
Karachi, January 1, 2024 – Pakistan Customs has officially released the customs value of exported goods for the tax year 2024, as outlined in the updated Customs Act of 1990.
Karachi, December 30, 2023 – The Federal Board of Revenue (FBR) has said that customs duties are applicable to the re-importation of goods produced or manufactured in Pakistan, as outlined in the updated Customs Act, 1969, for the tax year 2024.
Karachi, December 29, 2023 – Pakistan has unveiled a set of reduced rates for duty and taxes on goods imported from countries with which it has established foreign trade agreements.
Karachi, December 28, 2023 – The Federal Board of Revenue (FBR), the apex tax agency of Pakistan, has officially released the dutiable goods list for the tax year 2024, providing clarity on customs duties at the time of imports.
Karachi, December 27, 2023: The Federal Board of Revenue (FBR), Pakistan’s apex tax collection agency, has unveiled a list of prohibited items for foreign trade during the tax year 2024.
Section 25A of Customs Act, 1969 has explained Collector of Customs empowered to determine customs valuation. The Federal Board of Revenue (FBR) issued updated Customs Act, 1969 up to June 30, 2021. The act has been updated by making amendments brought through Finance Act, 2021. Following is the text of section 25A and 25AA of […]