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Tag Archives: Imports

FBR directs collectors to comply with Montreal Protocol

ISLAMABAD: Federal Board of Revenue has issued instructions to all Collectors of Customs and Model Customs Collectorate (MCCs) to comply with Montreal Protocal and prevent clearance and release of imported consignments containing HCFCs-ozone-depleting substances. The instructions have been issued to reiterate Pakistan’s committment to avoid breaching of the international HCFCs phaseout plan from January 1, 2013. The Climate Change Division ... Read More »

Customs values of almonds re-determined

KARACHI: Directorate General of Customs Valuation has re-determined the customs values of almonds under section 25-A of the Customs Act, 1969 through a Valuation Ruling No. 635/2014, which superseded the previous VR No. 604/2013 of almonds issued on November 4, 2013. According to details, customs value of almonds in shells (soft cover) from all origins excluding Iran and Afghanistan, having ... Read More »

PAMA slams increase in used cars’ import

KARACHI: Pakistan Automotive Manufacturers Association (PAMA) Director General has expressed serious concerns at the rapidly increasing import of used cars, a press statement issued by the association said. He said that it was alarming that in the first half of FY 2012-13 the figure of imported units was 5,512 and in the second half it had more than doubled to ... Read More »

Food group exports surge 7.22pc, imports dip 6.98pc

LAHORE: Food group exports from the country during first half of the current fiscal year increased by 7.22 per cent whereas imports decreased by 6.98 per cent. Official data reveals that during the first half of FY 2013-14 food commodities worth $ 2.132 billion were exported as compared to the exports worth of $ 1.988 billion during same period of ... Read More »

1st Half: Jewellery exports down to quarter, gold imports almost double

KARACHI: Jewellery exports have declined by 75 per cent during the first half of the current fiscal year to $219 million from $ 970 million in the period from July to December in FY 2012-13 according to data provided by Pakistan Bureau of Statistics (PBS). On the contrary, imports of gold have risen almost twice in quantity (92%) to around 4,000 ... Read More »

Used vehicles import halves

KARACHI: Import of used cars has fallen to 4,974 units in the first half of the current fiscal year as compared to 10,174 units in the corresponding period of last fiscal year. This depicts more than 51 per cent decline in import of used cars. All Pakistan Motor Dealers Association (APMDA) Chairman H. M. Shahzad attributed the big drop to ... Read More »

Exports up 5.11pc, imports down 1.14pc during first half of FY2013-14

LAHORE: Pakistani exports have shot up by $ 0.615 billion, showing an increase of 5.11 per cent while imports have declined by $ 0.251 billion, showing a decrease of 1.14 per cent during the first half of the financial year 2013-14, Pakistan Bureau of Statistics showed. According to details exports from the country during the period from July to December ... Read More »

Trade deficit reduced by 8pc

ISLAMABAD: Pakistan’s trade deficit has reduced by over eight per cent in the first half of the current fiscal year falling to $ 9.032 billion in July-December 2013 from $ 9.898 billion against the same period of previous fiscal year as data of Pakistan Bureau of Statistics revealed. Exports in the first half rose slightly, but imports fell mainly because ... Read More »

Customs value for textile lining material revised

KARACHI: Directorate General of Customs Valuation Karachi has announced new customs value on import of textille lining material from China. The new Valuation Ruling has superseded the previous one fixing the customs value of the material from China at $3 per kg. It was earlier determined vide Valuation Ruling No 483/2012, dated 25-10-2012. Earlier, various representations were received, including representations ... Read More »

Telecom equipment import down by $36m

LAHORE: The import of telecom equipment, telephone and cellular handsets has witnessed a slight decline during 2012-13, reaching $ 918.4 million from $ 954.05 million during preceding year. During the period, the import of mobile handsets increased to $ 467.1 million from $ 465.3 million at the end of previous fiscal year. The rise in demand for smart phones in ... Read More »

DGI&I (IR) detects discrepancy in past 2 years gold import

KARACHI: Directorate General of Intelligence and Investigation (DGI&I)-Inland Revenue (IR), Karachi has detected grave inconsistencies in import of gold worth more than Rs 9 billion under Entrustment Scheme through the past two years. According to sources, DGI&I (IR) has inquired into alleged abuse of the Entrustment Scheme by gold exporters where bulk quantity of gold/jewellery was imported without fulfilling gold ... Read More »

Customs duty reduced on goods imported from SAARC members

ISLAMABAD: Government has announced tariff concessions on the import of additional 340 items, which includes crude oil from South Asian Association for Regional Co-operation (SAARC) member countries under the South Asian Free Trade Area (SAFTA) from January 1, 2014. Federal Board of Revenue has amended SRO 1274 (I)/2006 through an SRO 1073 (I)/2013 in this regard. Through SRO 1073 (I)/2013, ... Read More »

VRs for laptop adopters/chargers revised

ISLAMABAD: Directorate General of Customs Valuation Karachi has amended valuation ruling regarding fixation of custom values on import of adopters/chargers for laptops from China. It is learnt on Monday that the directorate has issued order-in-review No 365/2013 under section 25-D of the Customs Act, 1969 against Valuation Ruling No. 606/2013 dated 06-11-2013. According to the order of the directorate, the ... Read More »

VRs of solar panels, CCTV cameras, iron and stainless steel wires issued

KARACHI: Directorate General of Customs Valuation Department has issued three more Valuation Rulings No. 620, 621 and 622 under Section 25-A of the Customs Act, 1969. The Valuation Ruling No.620/2013 has determined the values of Solar panels. The Customs value of the Solar panels from China has been fixed at $0.70 per Watt under PCT heading 8541.4000 and proposed PCT ... Read More »