Tag: jewelers

pakistan customs

Customs values increased for imported imitation jewellery

Mrs. Anjum Shahnawaz

KARACHI: Customs values of imported artificial / imitation jewellery have been increased for determination of duty and taxes at the time of customs clearance. The Directorate General of Customs Valuation has issued Valuation Ruling No. 1509/2021 dated January 27, 2021. The directorate said that earlier the customs values of artificial jewellery were determined under Section […]

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FBR sets up body to regulate jewelers, real estate agents

Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday approved a body to regulate transactions by jewelers, real estate agents and accountants under anti-money laundering (AML)/Counter Financing of Terrorism (CFT) laws. According to an office order, the FBR approved the operationalization of Directorate General of Designated Non-Financial Business and Professions (DNFBPs), with its headquarter at Islamabad […]

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Jewelers, real estate agents to maintain register, report suspicious transactions: draft rules issued

Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) has proposed to make mandatory for jewelers and real estate agents to report suspicious transactions. In this regard the FBR issued draft rules through SRO 1320(I)/2019 to make amendments in Income Tax Rules, 2002. As per the draft rules, the designated persons as jewelers and real estate agents should […]

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