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Tag Archives: Imports

Tuesday june 03 monday june 09, 2014

Customs Today Newspaper

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SED levy on imports and local manufacturing in the offing

LAHORE: Federal Board of Revenue has proposed imposition of special excise duty (SED) on the import and local manufacturing of goods alike in the upcoming budget. In Fiscal Year 2007-08, FBR had imposed one per cent SED on import and local manufacturing of goods. FBR issued SRO 655(I) 2007 to levy SED on import and local manufacturing of goods specified ... Read More »

Collectorate of Customs Adjudication-II issues show-cause notice to Liberty Enterprises

KARACHI: Collectorate of Customs Adjudication-II has issued a show-cause notice against M/s Liberty Enterprises in connection with the tax evasion of Rs 1,177,911 in share of Additional Sales Tax (AST) of Rs 583,124 and Income Tax of Rs 594,787 by misusing the SRO 1125(I)/2011. The importer M/s Liberty Enterprises on its import of textile fabric (68,210kg) worth Rs 29,156,209 through ... Read More »

Collectorate of Adjudication-II serves show-cause notice to M/s Pioneer Textile

KARACHI: Customs Collectorate Adjudication-II has issued a show-cause notice to M/s Pioneer Textile in case of duty/taxes evasion of Rs 806,633 in share of Additional Sales Tax of Rs 399,323 and Income Tax of Rs 407,310 on import of textile fabric through un-due claim under SRO 1125(I)/2011 at import stage as admissible to manufacturing unit. Directorate of Customs Intelligence and ... Read More »

Collector Qurban Ali assures exporters of refunds soon

SIALKOT: Model Customs Collectorate Sialkot’s Collector Qurban Ali Khan has assured that all the prolonged perturbing problems of Sialkot’s business community would be solved on priority besides ensuring an early end to the prolonged pendency of the rebate payments claims as well. He said this while addressing an important meeting of Sialkot’s leading exporters held at the Sialkot Dry Port Trust. ... Read More »

Importers, traders face immense problems in examination of consignments at KICT

KARACHI: The importers, traders and clearing agents have expressed their deep concerns and anxiety over the delay in grounding the containers/consignments for examination at Karachi International Containers Terminal (KICT). The importers while sharing their views with Customs Today said that they were facing immense problems in examination of their consignments which were laying at KICT for last three to four ... Read More »

Another vehicle imported on fake MoC letter confiscated

KARACHI: The Appraisement of Intelligence Bureau (AIB) of Model Customs Collectorate of Appraisement-West has recovered a Mercedes Benz C-200, Model 2008; one of the vehicles imported on fake letter of Ministry of Commerce. The Appraising Officer, Muhammad Naeem Khan informed Customs Today that the AIB/PRV Section of the Collectorate has recovered a Mercedes Benz C-200, Model 2008 which makes the ... Read More »

Dastgir hints at 24/7 functioning of Sust check post

ISLAMABAD: Commerce Minister Khurram Dastgir has expressed government’s aspiration for 24/7 trade at Pak-China border. While talking to a delegation of Gilgit Baltistan Chambers of Commerce and Industry, which called on the Minister to express their concerns over border management at the Pak-China border, he recognised the fact that current closure of border routes on weekends is not favourable for ... Read More »

Pak Youngsters becoming fond of heavy bikes, imports soar manifold

KARACHI: Import of new and used heavy bikes has increased sharply during the ten months of the current fiscal year reflecting the rising interest of young generation in riding such motorcycles. Figures released by Pakistan Bureau of Statistics (PBS) showed quadrupled jump in heavy bike imports to $ 4.6 million in the period from July 2013 to April 2014 as ... Read More »

M/s Eastern Garments booked in tax evasion of Rs96.6m, Contravention Report issued

KARACHI:  Model Customs Collectorate of Exports has issued a Contravention Report (CR) against M/s Eastern Garments (Pvt) Limited for violation of Section 19 and 32(3A) of the Customs Act, 1969 read with Rule 3(1) (f)(i) and (j) of SRO327(I)/2008 which included tax evasion of Rs 96,582,274 including Rs 92,881,179 in share of customs duty and taxes and Rs 3,701,095 in excess of imported ... Read More »

Software on importation of potatoes working in One-Customs

KARACHI: Directorate of Reforms and Automation has formulated software in order to monitor the importation of allocated quota of potatoes at zero rating. FBR sources informed Customs Today that the software has been made up in One-Customs instead of Web-Based One Custom (WeBOC) computerized system as zero-rated facility on import was only available in One-Customs, not in WeBOC. It further ... Read More »

Fate of sealed petrol pumps: Customs faces hindrance in proceedings

KARACHI: The cold response by most of the Oil Marketing Companies in order to verify the legal status of around 23 sealed petrol pumps is creating hindrance in the proceedings of Pakistan Customs officers in deciding their status. FBR sources confirmed Customs Today that the authorities concerned of Pakistan Customs have held several meetings with the officials of Oil Marketing ... Read More »

FTA/PTA certificates mandatory for claiming exemption from customs duty

KARACHI: The Collector of Model Customs Collectorate of Appraisement-East, Najeebur Rehman Abbasi has made it mandatory for all importers and clearing agents to submit original Free Trade Agreement (FTA)/ Preferential Trade Agreement (PTA) certificates at dedicated FTA counter of the Collectorate within three days from the date of release of the consignments in those cases where Goods Declaration under FTA/PTA ... Read More »

Rs450m vehicle amnesty scam: Entire customs staff may face inquiry

KARACHI: The 3-member fact-finding committee comprising MCC Exports Collector Dr Wasif Memon, Directorate of Intelligence and Investigation-Customs Karachi Additional Director Khalil Yousufani and Additional Director Audit in its report has recommended a complete audit of bank accounts all customs officials including officers deployed in Vehicle Group (Group-VII) during the period of Vehicle Amnesty Scheme. According to sources in FBR, the ... Read More »

Rs71.3m duty evasion: Contravention Report made against M/s Fazal Sardar textile mill

KARACHI: Model Customs Collectorate of Exports has made the Contravention Report (CR) against M/s Fazal Sardar Textile Mills in the pretext of importing goods in excess of face value of license. M/s Fazal Sardar Textile Mills, located near Sharafi Goth, Korangi Industrial Area was granted a License (PWL-14/2010) on 25-11-2010 under rule 3(2) of SRO 327(I)/2008 dated 29-03-2008 for the ... Read More »

Customs swings into action against vehicle import on fake MoC documents

KARACHI: MCC Appraisement-West has withheld two out of seven vehicles imported on fake permission letter of Ministry of Commerce while Collector of MCC Appraisement-West Muhammad Saleem has pledged firm commitment and determination to unveil the real culprits behind the illegal importation of vehicles on fake documents. Collector Saleem informed Customs Today that two vehicles among seven have been confiscated by ... Read More »

Customs court grants bail to six in betel leaves case

LAHORE: Special Judge Customs Tanveer Akbar has granted bail to six accused of customs duty evasion worth millions of rupees in betel leaves case. Earlier, the court had sent the six accused Ijaz Golati, Amir Yousaf, Saeed Khalid Ali, Fasial Zahoor and two others to judicial lock up. The Customs Investigation and Prosecution department had arrested the accused on three ... Read More »

Huge revenue loss due to absence of tabulation in DTRE, Appendix-I form

KARACHI: Federal Board of Revenue is facing huge revenue loss due to the absence of tabulation for determining the values in terms of customs duty, sales tax, income tax, federal excise duty and other taxes in the application form for Duty Taxes Remission on Export (DTRE), Appendix-I. Sources in FBR informed Customs Today that the non-appearance of said tabulation in ... Read More »

July-April: Central region customs duty collection up by 9pc

LAHORE: Central region’s customs duty collection has increased by 9 per cent during the period from July to April during the Fiscal Year 2013-14 as compared to the same period of FY 2012-13. The Central region attained growth in customs duty collection by collecting Rs 27,140 million up to April 2014 against Rs 24,710 April 2013. According to official data, ... Read More »

PRV Section of MCC Appraisement-West recovers Rs20.1m

KARACHI: Post Release Verification (PRV) Section of Model Customs Collectorate of Appraisement-West has recovered an amount of Rs 20,124,450 in the period from April 1 to May 10, 2014. The PRV Section of MCC Appraisement-West has recovered the said amount by different importers in violation of PCT, non-implementation of valuation rulings, taking wrong advantage of SROs and PCT classification. The ... Read More »