Friday , June 18 2021
Breaking News
Home / Latest News (page 2373)

Latest News

News updates
Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

Court fines suspect involved in smuggling of electronic gadgets

KARACHI: The Special Court of Customs Taxation and Anti-Smuggling imposed a penalty of Rs 100, 000 on a suspect after he pleaded guilty to smuggling of electronic gadgets into the country. Judge Syed Faiz Rasool Rashdi issued this verdict on the guilty plea of suspect Danish Muhamamd Younus. According to the prosecution, on October 30 the staff of Model Collectorate ... Read More »

SHC directs release of M/s Thara’s confiscated wheat for re-export

KARACHI: The Sindh High Court (SHC) has directed the Pakistan Customs to implement the Customs Appellate Tribunal’s verdict that ordered release of M/s Thara International’s confiscated wheat for re-export to Ukraine. A division bench of the SHC gave these directives at the request of the petitioner’s counsel who sought implementation of the tribunal’s order. It also directed the tribunal to ... Read More »

RTO-II assigned Rs 6.1b target for November

LAHORE: Federal Board of Revenue (FBR) has assigned Rs 6.1 billion target to the Regional Tax Office-II (RTO-II) for November of current fiscal year 2015-16. The Board has assigned Rs 2,200 million target in wake of sales tax, Rs 3,900 million under the head of income tax, while it has not assigned target for federal excise duty (FED) as this ... Read More »

Multan Excise generates Rs 124 million taxes in October

MULTAN: The Excise and Taxation has collected Rs 124.4 million under the heads of different taxes during October 2015. According to statistics, the Multan Excise accumulated the revenue of Rs 124.4 million in a month including Rs 47 million property tax, Rs 66 million motor tax, Rs 6.4 million excise duty and the Rs 5 million professional tax. Officials said ... Read More »

FBR to announce amnesty scheme to recover Rs 365 billion unpaid taxes

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to announce tax amnesty scheme for taxpayers to recover unpaid taxes amounting to Rs 365 billion. Sources informed Customs Today that Special Assistant to PM on Revenue Haroon Akhtar Khan has said that cases, which are pending in tax tribunals, high courts and Supreme Court involving billions of rupees, will be ... Read More »

Customs Intelligence, RTO start adopting Urdu language

ISLAMABAD: Federal Board of Revenue’s (FBR) Directorate General of Customs Intelligence and Investigation Headquarters, Model Customs Collectorate, and Regional Tax Office (RTO), Islamabad has started implementation of Urdu Language as official language. All the three offices have started issuing orders and notification in Urdu along with English. At the first stage notifications of internal matters are being issued both in ... Read More »

Pakistan Cotton Ginners Asspcoatopm rejects cess tax on cotton bale‏

MULTAN: Pakistan Cotton Ginners Association (PCGA) rejected cess tax from government on each bale of cotton. Government department’s policy on cotton and standardization performance is almost zero and government current policy on cotton is also damaging our industry and business. Pakistan Cotton Ginners Association announced to launch awareness campaign in the country for protecting industry from further destruction. Pakistan Cotton ... Read More »

Customs Tribunal adjourns hearing of Courier company, Smart Zone case until Nov 18

ISLAMABAD: The Customs Intelligence and Investigations told the Customs Appellate Tribunal that Smart Zone imported 1010 pieces of accessories according to Goods Declaration on July 9, 2014 while the companies supplied 25,825 pieces of accessories across the country on the same day. The hearing was held against the decision of Customs Adjudication. During the hearing of the case, chief executive officer of Smart ... Read More »

Custom Adjudication issues ONO in favour of Customs Intelligence

FAISALABAD: The Collector Customs Adjudication Faisalabad Raja Tahir Majeed issued Order-in-Original (ONO), by declaring the confiscation of a non-duty paid vehicle lawful. The vehicle was impounded by Customs Intelligence and Investigation Faisalabad. Sources told Customs Today that Customs Intelligence additional director received a credible information about a smuggled Hino Ranger truck bearing registration no TKJ-347- Lasbella. The vehicle was driven by ... Read More »

Lawyers to boycott Customs Court proceedings on Iqbal Day

LAHORE: Lawyers of the Special Federal Court of Customs, Taxation and Anti Smuggling will not attend the court proceedings on the occasion of Allama Iqbal Day on November 9. Talking to Customs Today, renowned lawyer Asad Ali Goraya said that the lawyers will organize special seminars to commemorate the great poet of the East and will not appear in courts. Meanwhile, the Punjab ... Read More »

ASO Jhang seizes smuggled diesel generators

FAISALABAD: The Customs Anti-Smuggling Organization ( ASO ) has seized foreign origin diesel generators worth Rs 3 million. Sources told Customs Today that MCC Faisalabad Collector Dr Zulafqar Ali Chaudhary received a credible information about smuggling of foreign origin diesel generators. The ASO team comprising superintendent Zahid Raza Bukhari, inspector Asgher Mehdi Naqvi, Shaukat Khan,  Mujahid Abbas and sepoys Zulafiqar Ali Wahla, Ziaullah Cheema, ... Read More »

Punjab collects Rs 35 billion professional tax from 35,000 teachers

RAWALPINDI: The Punjab Finance Ministry has collected Rs 35 billion as professional tax from 350,000 government schoolteachers during first four months of the current fiscal year. According to the details, the government has collected Rs 100 as tax from a teacher in four months. On the other hand, teacher association has reservations over the imposition of professional tax as it ... Read More »

RTO-II extends deadline for stock taking of companies

LAHORE: The Regional Tax Office-II has formed teams for stock taking of 10 companies but these teams failed to meet the target in given time. Chief Commissioner RTO-II assigned the target of stock taking and ordered the teams to report by November 5,  but the zonal teams failed to compile reports during the specified time. Now the Chief Commissioner has announced to ... Read More »

FBR blacklists six companies for not submitting tax

KARACHI: The Federal Board of Revenue (FBR) has blacklisted six companies for not submitting their tax returns, Customs Today has learnt. According to the sources, FBR has sent a number of notices to six companies working in SITE area, Nazimabad, Sarjani Town for not filing their tax returns. Sources further said that the companies, including Wasif Merchandise and Qasim Enterprises, in Nazimabad ... Read More »

Customs Court adjourns 17 cases on Saturday, grants bail to smuggling suspect

LAHORE: In the Special Federal Court of Customs Taxation and Anti-Smuggling, at least 17 cases were scheduled on Saturday. In the special court of Customs Taxation and Anti smuggling, a total 17 cases were heard in which court proceeded on many cases while few were adjourned without any development. Customs Court also granted a bail in a case of alleged ... Read More »

11 MNAs not allowed to participate in Speaker’s election

ISLAMABAD: At least 11 members of the National Assembly (NA) will not participate in voting for the election the speaker as they have not submitted their tax returns and their memberships were suspended. According to details, eleven MNAs include Muhammad Khan Sherani, Ameen Faheem, Rasheed Gudail, Kanwar Naveed, Sajid Nawaz, Mohsin Shahnawaz, Shafaat Hatat, Salman Haneef, Moeen Watto, Diwan Aashiq and Sultan Mehmood. Their ... Read More »

ASF seizes over two kilograms gold at Lahore Airport

LAHORE: The Airport Security Force (ASF) has seized more than two kilograms gold worth of over Rs 10 million at the Lahore Airport. According to details, the ASF arrested the accused named Rai Omer who was trying to smuggle two kilogrammes and 170 grams gold from Lahore to Sharja. The accused has been checked after international search counter processing machine indicated ... Read More »

PRA’s Ayesha Ranjha seals famous fashion brand HSY

LAHORE: The Punjab Revenue Authority (PRA) has sealed a famous fashion brand outlet Hassan Shehryar Yasin (HSY) for evasion of sales tax. Talking to Customs Today, PRA Additional Commissioner Ayesha Ranjha said that HSY was evading sales tax despite the fact that a number of notices were sent to it. Therefore, a team under her supervision sealed an outlet of the brand on Saturday. ... Read More »

Customs confiscates 80kgs hashish worth millions of rupees

KARACHI: Directorate Customs Intelligence and Investigation (I and I) Quetta has confiscated 80 kilograms of hashish worth millions of rupees. According to the details, Director Customs Investigation Iqbal Bhuwana got information about a suspected vehicle loaded with drugs. Following the information, the Customs officials stopped a Mini Truck on Chaman Road and and confiscated 80 kilograms of hashish and arrested the accused driver ... Read More »

Customs Court extends judicial remand of alleged Smuggler

LAHORE: The Federal Court of Customs Taxation and Anti-Smuggling has extended judicial remand of accused Muhammad Rasheed for third time. According to details, Muhammad Rasheed was arrested by the Customs Intelligence in a smuggling case and was produced before the court where the court again extended his remand. The court has extended his judicial remand for 14 days. On Saturday after completion of his second judicial ... Read More »