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Home / Tag Archives: Imports (page 9)

Tag Archives: Imports

Importers, traders irked by higher valuation, gross weight charges

KARACHI: Pakistan Customs authorities are determined to reduce the massive difference between the revenue collection and the revenue target set by the Federal Board of Revenue for the fiscal year 2013-14 through exercising all its available powers, which is badly affecting the trade and import activities in the port city. The importers and traders have expressed their deep concerns over ... Read More »

Sost dry port closed down by protestors

GILGIT: While registering their protest, traders of Gilgit-Baltistan have closed down Sost Dry Port for any kind of exports and imports. The protest came in the aftermath of unjustified taxes and unfriendly business approaches of the federal government. Traders have closed the port for indefinite time also announcing the closure of business till their demands are met. Former president of ... Read More »

R&D Section of MCC Appraisement-East recovers Rs15.6m

KARACHI: The Research and Development (R&D) Section of Model Customs Collectorate of Appraisement-East has recovered an amount of Rs 15,590,381 in the month of April, 2014 from different importers in cases of violation of valuation rulings, mis-declaration, wrong use of concessionary SROs and in-admissibility of SROs. According to details, the R&D Section has recovered an amount of Rs 515,965 from ... Read More »

India asks Pakistan to raise LoC trade protocols items from 21 to 40

LAHORE: Indian Government has requested the Pakistani Government to increase the number of items allowed under the Line of Control (LoC) trade protocols from 21 to at least 40. Cross border trade between India and Pakistan continues to flourish peacefully. Recently, more than 25 truckloads of bananas from India and ten truckloads of dry fruits from Pakistan crossed over, facilitating ... Read More »

April 2014: MCC Port Qasim collects Rs20.2b, shortfall remains Rs10.4b

KARACHI: Model Customs Collectorate of Port Muhammad Bin Qasim has collected an amount of Rs 20, 255.49 million in the month of April, 2014 against the target of Rs 30,719 million, set by the Federal Board of Revenue in share of customs duty, sales tax, federal excise duty and income tax. MCC Port Qasim has collected an amount of Rs ... Read More »

MCC Appraisement-West collects Rs15,680m in April, misses target

KARACHI: Model Customs Collectorate of Appraisement-West has managed to collect Rs 15,680 million for the month of April, 2014 in share of different heads including customs duty, sales tax, income tax and federal excise duty (FED). According to sources, FBR had set a revenue target of Rs 20,920.74 millions for the month of April, 2014 for MCC Appraisement-West. However, it ... Read More »

Govt to get strict on illegitimate edibles

ISLAMABAD: Federal Commerce Khurram Dastgir has told the National Assembly that the government is drafting a law to restrict import of Haram edible ingredients into Pakistan which shall be promulgated within the current year. While addressing the Parliament the minister said the Ministry of Science and Technology, Ministry of National Food and Security and Ministry of Commerce are jointly crafting ... Read More »

Pak-India trade needs to extend beyond Punjab

LAHORE: Trade between Pakistan and India needs to be extended to other provinces of India instead of Punjab only. Without proper development of infrastructure at Wagha and other borders cent percent trade opening is fruitless. This was the bottom-line of the deliberations at the Pak–India Business Promotion meeting held at the Lahore Chamber of Commerce and Industry under the Chairmanship ... Read More »

Used vehicles import: Up to 50pc duty cut in the offing

ISLAMABAD: Federal government has started considering the proposals for Budget 2014-15 regarding reduction of customs duty on used imported vehicles. However, the auto manufacturers have reacted to this strongly. Sources said that the government is considering the reduction in customs duty on used imported vehicles from 10-50 per cent. They added that under the possibly revised auto policy, the reduction ... Read More »

Customs special judge sends six to judicial lock up

LAHORE: Special Judge of Customs Tanveer Akbar has accused six of evading customs duty worth millions of rupees on import of betel leaves while sending them to judicial lock up. The Customs Investigation and Prosecution Department had arrested the accused on three days remand for recovery of taxes and documents. Earlier, the customs authorities produced the accused before the Customs Special Judge for ... Read More »

MCC Port Qasim detects mis-declaration, notice issued

KARACHI: Model Customs Collectorate of Port Muhammad Bin Qasim has detected a case of mis-declaration in a consignment imported by M/s Al-Harmain Textile wanting to import a consignment of industrial sewing machines and motors in the garb of home consumption appliances. Sources in MCC Port Qasim informed Customs Today that the importer has filed home consumption appliances Goods Declaration (GD) ... Read More »

Bajwa expresses concern over shortfall in duty collection

KARACHI: Federal Board of Revenue Chairman Tariq Bajwa in his visit to Customs House, Karachi has held meetings with the high officials of Model Customs Collectorate (MCC) of Appraisement-East, MCC of Appraisement-West, MCC of Port Muhammad Bin Qasim and MCC of Preventive. Sources in FBR Secretariat informed Customs Today that the Collectors of all four collectorates Najeeb-ur-Rehman Abbasi, Muhammad Saleem, ... Read More »

FBR sticks to 3pc VAT: Q Mobile gets stay order

KARACHI: Cellular companies including Digicom (Q-Mobile) and Allied Electronics have taken stay-order from Sindh High Court in a case against Federal Board of Revenue, pertaining to increase 3 per cent Value Added Tax (VAT) on import of cellular phones, it is learnt here. Sources informed Customs Today that the cellular companies are of the view that they are already paying ... Read More »

Sindh High Court rejects Bahria Icon Tower’s petition

KARACHI: Sindh High Court has rejected the constitution petition filed by the management of Bahria Icon Tower against the notice issued by the Federal Board of Revenue. The Input-Output Co-efficient Organization (IOCO) of FBR has issued notice to the management of Bahria Icon Tower against the violation of Statutory Regulatory Order (SRO) 575(1)/2006 of the concessionary/exemption regime. The management of ... Read More »

Steel re-rolling mill booked for mis-declaration, notice issued

KARACHI: Model Customs Collectorate of Port Muhammad Bin Qasim has detected a case of mis-declaration against the importer M/s A F Steel Re-rolling Mills. MCC Port Qasim has found an imported consignment declared to be ‘re-roll able semi finished cobble coils’ in the import documents as well as Goods Declaration (GD) vide IGM No.143, Index No. 108 and filed into Bonding ... Read More »

WeBOC resumes after 2h blockage

KARACHI: Pakistan Telecommunication Authority (PTA) has restored Web Based One Customs (WeBOC)-computerised system after almost 2 hour blockage. PTA informed Directorate of Reforms and Automation (Customs), Karachi this morning that there was a far-end trafficking issue due to which WeBOC working was stopped for two hours. Now that the issue has been resolved and WeBOC is working smoothly, confirmed the ... Read More »

Collectorate of Adjudication-I seizes vehicle through ONO

KARACHI: Collectorate of Adjudication-I Collector Syed Shahanshah Hasnain has issued Order-in-Original (ONO) No. 551/2013-14 through which Pakistan Customs has out rightly confiscated a tampered, non-duty paid, smuggled vehicle (Wrangler Jeep) bearing registration No. BF-1339 recovering an amount of Rs 1,961,146 for national exchequer. The case was constituted by the Regional Office of Directorate General of Intelligence and Investigation-Customs, on 16-12-2013 ... Read More »

Customs withholds 150 consignments of cell phones

ISLAMABAD: Pakistan Customs has withheld 150 consignments of cell phones due to inability of Pakistan Telecommunication Authority to provide clearance report. Furthermore, Directorate General of Intelligence and Investigation -Customs has started looking into matters pertaining to clearance of cell phones imported from China during the previous one month. Sources said that customs department started the investigation due to clearance of ... Read More »

Duties to be lifted to contain food price hike: Dar

ISLAMABAD: Finance Minister Ishaq Dar has warned that taxes/levies on import of potatoes will be lifted to bring its price to around Rs 30 per kg if hoarders/speculators did not bring prices to the normal level within three days. Finance Minister made these remarks while chairing a meeting to review prices of agricultural products in the country. He took notice ... Read More »

Under-invoiced potatoes import: FBR notifies MCC Lahore

LAHORE: Federal Board of Revenue has issued instructions to the Model Customs Collectorate (MCC) of Lahore for taking action against certain traders who are making attempts to import table potato from India by concealing customs duty through under-invoicing declaring cheaper price of Indian potato. The instructions were issued after a report of Farmers Association of Pakistan that has been recently ... Read More »