FBR suggested simplification of valuation for imported vehicles

KARACHI: Federal Board of Revenue (FBR) has been advised to simplify valuation and levy of duty and taxes on imported vehicles. Officials in FBR said that in budget proposals received for 2020/2021,... Read more »

Time limit for customs valuation issuance should be fixed

KARACHI: Federal Board of Revenue (FBR) has been recommended to fix time limit for issuance of customs valuation. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in its proposals for budget... Read more »

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. Read more »

Any person can takeover imported goods by offering higher customs value

KARACHI: In order to prevent under-invoicing and mis-declaration the customs authorities have powers to accept offer from any person to allow clearance at higher value than the declared by an importer for... Read more »

Determination of values for imports and exports under Customs Act

KARACHI: Federal Board of Revenue (FBR) has issued Customs Act, 1969 updated up to June 30, 2019 incorporating changes brought through Finance Act, 2019. Read more »

Collectors’ power to determine customs values withdrawn

KARACHI: The government has withdrawn the power of Collector of Customs in determination of customs value on his own motion through Finance Bill 2019. Read more »

Clearance of mobile phones: Customs valuation of 234 brands, models issued

KARACHI: Pakistan Customs has issued valuation of 234 different brands and models of mobile phones for the purpose of determination of duty and taxes at clearance stage. Read more »

Customs valuation meeting at commerce division

ISLAMABAD: A meeting on the Customs Valuation was held here on Friday in the Commerce Division with Abdul Razak Dawood, Prime Minister’s Advisor for Commerce & Textile, Industries & Production and Investment... Read more »

Customs Valuation under Customs Act, 1969 – Urdu version

25A ۔ کسٹم کی مالیت کا تعین کرنے کا اختیار۔ ( 1 ) دفعہ ۲۵ میں موجود کسی امر کے باوجود، کسٹم کلکٹر ازخورد یا ڈائریکٹر کسٹم ویلیوایشن اپنے طور پر یا... Read more »