Sep 16

Determination of values for imports and exports under Customs Act

The Federal Board of Revenue (FBR) has recently issued updates to the Customs Act, 1969, incorporating changes introduced through the Finance Act, 2019. The amendments primarily focus on the determination of customs values for the collection of duties and taxes on imports or exports of goods under Section 25 of the Customs Act.

by Mrs. Anjum Shahnawaz

Collectors’ power to determine customs values withdrawn

Jun 16

2019-2020, Budget, Pakistan Customs

Collectors’ power to determine customs values withdrawn

KARACHI: The government has withdrawn the power of Collector of Customs in determination of customs value on his own motion through Finance Bill 2019. The Finance Bill 2019 proposed to withdraw the powers of the collector of customs to determine customs valuations on his motion under Section 25A(1) and Section 25A(3) of Customs Act, 1969. […]

by Mrs. Anjum Shahnawaz

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

Apr 23

IT & Telecom, Pakistan Customs, Taxation

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. The Directorate General of Customs Valuation issued valuation advice in order to make it easy for the clearance of mobile phones of different brands and models. The directorate […]

by Faisal Shahnawaz

Customs valuation meeting at commerce division

Mar 2

Pakistan Customs, Taxation

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 in chair. Member Customs, Dr. Jawad Owais Agha presented various aspects of Customs Valuation procedure in place and the issues of under invoicing. […]

by Faisal Shahnawaz

Customs Valuation under Customs Act, 1969 – Urdu version

Feb 10

Taxation

Customs Valuation under Customs Act, 1969 – Urdu version

KARACHI: In a move aimed at enhancing accessibility and understanding of customs laws among taxpayers, Pakistan Customs has issued an Urdu version of customs valuation under the Customs Act, 1969.

by Mrs. Anjum Shahnawaz