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Tag Archives: KCCI

Customs seeks court to summon Royal Packages

KARACHI: Model Customs Collectorate of Appraisement-East has requested the Sindh High Court (SHC) to summon M/s Royal Packages (Pvt) Limited for hearing in August. It is pertinent to mention here that the M/s Royal Packages has moved court against the charges of tax evasion in terms of customs duty, sales tax and income tax through claiming of inadmissible benefit of ... Read More »

Committee formed to probe allegations against appraising officer

KARACHI: The Appraising Officials Association of Pakistan Customs in its meeting at customs house has decided to form a committee in order to probe the real aspects behind registering an FIR against an appraising officer by the Directorate General of Customs Intelligence and Investigation I&I. According to details, a committee comprising Shaheen Farooqui, Javed Akhtar, Mir Mansoor, Dost Muhammad and ... Read More »

TCS smuggling scandal: Court extends bail of Hamdani, Shakirullah

ISLAMABAD: Customs court has extended anticipatory bail granted to TCS Chief Executive Saqib Hamdani and Smart Zone Company’s owner Shakirullah till August 6th. Both were accused of allegedly involved in smuggling of contrabands undercover of Afghan transit trade. On the other hand, Customs Intelligence Deputy Director Shahid Jan has decided to broadened investigation circle to other workers of The Courier ... Read More »

DTRE scheme: Customs to recover millions from Lucky Cement

KARACHI: The Federal Board of Revenue (FBR) has asked Pakistan Customs to recover tax worth millions of rupees from M/s Lucky Cement Limited as company found guilty of tax evasion in duty and tax remission for exports (DTRE) research report. The sources informed Customs Today that the FBR authorities during the DTRE research study had observed that facility granted to ... Read More »

Containers’ grounding: PICT, KICT fail to resolve issues

KARACHI: The importers and traders have been facing mismanagement and delaying tactics by administration of Pakistan International Containers Terminal (PICT) and Karachi International Containers Terminal (KICT) in grounding of containers. “Pakistan Customs’ officials use delaying tactics and give lame excuses like shortage of labour and space while grounding containers for examination” Shujaat Ahmed an importer informed Customs Today. Kamran Akhtar, ... Read More »

FBR assesses legal provisions of budget 2014-15

ISLAMABAD: The Federal Board of Revenue (FBR) has started discussions on impacts of legal provisions presented in the budget for FY 2014-15. Government introduces legal provisions in the federal budget to facilitate FBR to meet the revenue collection target every year and then a process of review of impacts of legal provisions also continues throughout the year. A meeting in ... Read More »

Customs issues valuation ruling of Methylene Chloride

KARACHI: The Directorate General of Customs Valuation has issued the Customs values of Methylene Chloride through Valuation Ruling No.679/2014 under Section 25-A of the Customs Act, 1969. The said Valuation Ruling has superseded the previous Valuation Ruling No.629 regarding the Customs values of Methylene Chloride. According to the details, the Customs values of Methylene Chloride having PCT Code 2903.1200 and ... Read More »

Customs I&I seizes 120,000 litres smuggled oil

Karachi: Directorate General of Intelligence and Investigation (I&I) Hyderabad seized oil tankers carrying sixty thousand litres of smuggled oil worth Rs 10 million. As per details, DG I&I on tip of informer raided oil tankers carrying smuggled oil and seized 60,000 litres oil. Three criminals have been arrested during the seizure. It was said that oil was being smuggled to ... Read More »

CAC Pakistan summit & Agro Chemical Expo on August 5-6

LAHORE: China Agro Chemical (CAC) Pakistan Summit and Pak-China Agro Chemical Expo will be held on August 5-6, 2014 at Lahore Expo Centre. The President Lahore Chamber of Commerce and Industry (LCCI) Sohail Lashari at a press conference said that Punjab CM Shahbaz Sharif and Chinese Ambassador would attend the event Pak-China suit and expo. Mr. Lashari said that it ... Read More »

Customs I&I will hold auction on Wednesday

Multan: Multan Customs Intelligence and Investigation (I&I) will hold public auction of seized goods on Wednesday July 23. According to Customs Intelligence and Investigation the auction of seized goods will be held on Wednesday at Customs Intelligence and Investigation (I&I) office near Khanewal road. The Customs authorities were expecting handsome revenue from the auction, which is one of the main ... Read More »

Customs denies smuggling under ‘official patronage’

HYDERABAD: The Model Customs House Jacobabad has denied the news item regarding “smuggling of contraband under official patronage” published in a section of english press. In a press release issued by the Customs House Jacobabad clarified that Customs staff at Jacobabad check-post were not involved in any kind of smuggling as per the strict instructions from FBR Member (Customs) and ... Read More »

Deliberate delay: KICT Customs assures importers of assistance

KARACHI: Pakistan Customs officials have assured that the problems of importers and custom agents will be solved without delay at KICT and officers involved in deliberate delay will be sacked from their position. The importers and Customs agents have shown their grave concerns over the delaying tactics of staff of Karachi International Container Terminal (KICT) while grounding the containers for ... Read More »

All 15 BMGians elected unopposed in KCCI Election 2014-15

KARACHI: All candidates of Businessmen Group (BMG) have been elected unopposed for Managing Committee of Karachi Chamber of Commerce & Industry for the year 2014-15. The Businessmen Group’s candidates had filed their nominations and since no other nomination was received, therefore, all 15 BMGian candidates were unofficially declared successful in the Karachi Chamber of Commerce & Industry’s election 2014-15. Siraj ... Read More »

President KCCI demands revision of banks’ timings

KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Abdullah Zaki has urged Governor State Bank of Pakistan (SBP) that keeping in view the hardship being faced by business community, the existing banks’ timings for the holy month of Ramazan ul Mubarak be revised and extended upto 3:30PM. In a statement issued, Abdullah Zaki said that business community, ... Read More »

My Karachi – Oasis of Harmony Exhibition to kick off tomorrow

KARACHI: The 11th sequel of My Karachi – Oasis of Harmony exhibition of the Karachi Chamber of Commerce and Industry (KCCI) will kick off on Friday (Tomorrow), June 20th, 2014, at Karachi Expo Centre in which local and foreign exhibitors will be showcasing their products and services in front of around 1 million exhibitors. The three-day exhibition, which will conclude ... Read More »

Chambers seek clearance of ST refunds, Customs rebate claims of SMEs

KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Abdullah Zaki has informed that Federal Finance Minister Ishaq Dar, after carefully listening to various suggestions pertaining to forthcoming budget during a meeting at FBR House in Islamabad, assured that all these suggestions will be further discussed with Chairman FBR so that they could be considered in the forthcoming ... Read More »

KCCI welcomes suspension of SRO 351 (I)/ 2014

KARACHI: The leadership of Businessmen Group (BMG) and Office Bearers of the Karachi Chamber of Commerce and Industry (KCCI) have warmly welcomed Finance Minister’s decision to suspend the controversial SRO 351 (I)/2014 which has sent a positive signal to the entire business community of Pakistan as it clearly indicates government’s intentions towards creating an enabling environment. In a statement issued ... Read More »

Business community demands ending of discretionary powers to DG I&I-IR

KARACHI: Chairman of Businessmen Group & Former President of the Karachi Chamber of Commerce and Industry (KCCI), Siraj Kassam Teli and President KCCI, Abdullah Zaki, while strongly criticizing the issuance of SRO 351 (I)/ 2014 by Federal Board of Revenue, said that the business community totally rejects this controversial SRO 351 (I)/ 2014 which has granted discretionary powers to Directorate ... Read More »

Director Customs Intelligence vows to provide relief to genuine importers

KARACHI: Responding to Karachi Chamber’s demands, Asif Marghoob Siddiqui, Director Intelligence & Investigation Customs, Federal Board of Revenue (FBR) announced that Additional Director Customs Karachi, Khalil Yousfani will act as a focal person who will be responsible for resolving various issues being faced by importers and exporters in dealing with Directorate General of Intelligence & Investigation. Talking to KCCI office-bearers ... Read More »

KCCI asks Myanmar to defer ban on logs exports

KARACHI: President of the Karachi Chamber of Commerce & Industry (KCCI), Abdullah Zaki has requested the government of Myanmar to defer the recent ban on exports of logs for a period of three months. In a letter issued to President of Union of Myanmar, Thein Sein and other concerned authorities including Pakistan’s Embassy in Myanmar, Abdullah Zaki said that the ... Read More »