The Federal Board of Revenue (FBR) has released an updated version of the Customs Act, 1969, up to June 30, 2021, incorporating amendments introduced through the Finance Act, 2021. One of the pivotal sections in the Customs Act that outlines the appointment of officers is Section 3.
Section 2 of Customs Act, 1969 has defined various provisions of the act to better understand the law. The Federal Board of Revenue (FBR) issued the Customs Act, 1969 updated up to June 30, 2021. The Act incorporated amendments brought through Finance Act, 2021. Following is the text of section 2 of the Customs Act, 1969. 2. […]
Section 76 of the Sales Tax Act, 1990, sheds light on the imposition and regulation of fee and service charges by the Federal Board of Revenue (FBR).
Section 75 of the Sales Tax Act, 1990, provides a mechanism for the application of certain provisions of Act IV of the Customs Act, 1969, in relation to the imposition and exemption from customs duties, draw-back of duty, warehousing, confiscation, and procedural aspects concerning offenses and appeals.
Section 74A of Sales Tax Act, 1990 has explained validation of all notifications and orders issued. The Federal Board of Revenue (FBR) issued the Sales Tax Act, 1990 updated up to June 30, 2021. The Act incorporated amendments brought through Finance Act, 2021. Following is the text of section 74A of the Sales Tax Act, 1990: 74A. Validation.– (1) All notifications and orders […]
Section 74 of Sales Tax Act, 1990 has described condonation of time limit. The Federal Board of Revenue (FBR) issued the Sales Tax Act, 1990 updated up to June 30, 2021. The Act incorporated amendments brought through Finance Act, 2021. Following is the text of section 74 of the Sales Tax Act, 1990: 74. Condonation […]
ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday May 17, 2022 promoted appraising and valuation officers (BS-16) of Pakistan Customs to the post of principal appraisers with immediate effect. Following are the names of promoted officers and their place of posting on promotion; 01. Amir Shuja, Directorate of Post Clearance Audit (South), Karachi. READ […]
ISLAMABAD: Nasira Anjum, a customer of Imtiaz Provision Store, has been awarded with the bumper prize of Rs 1 million in fifth computerized draw conducted by the Federal Board of Revenue (FBR) on Monday. The computerized balloting was conducted on the basis of invoices issued by Point of Sales (POS) of Tier-1 Retailers. READ MORE: […]
KARACHI: The Federal Board of Revenue (FBR) has been suggested to allow adjustment of withholding income tax collected at import of raw material against the actual liability. Karachi Chamber of Commerce and Industry (KCCI) in its proposals for budget 2022/2023 submitted to the FBR highlighted that by amendment to Section 148 of Income Tax Ordinance, […]
ISLAMABAD: The Federal Board of Revenue (FBR) has transferred officers of Inland Revenue Service (IRS) of BS-17 to BS-20 with immediate effect under further orders. The FBR in a notification issued on May 14, 2022 transferred the following IRS officers: 01. Sajjad Akbar Khan (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland […]