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Tag Archives: ONO

Multan: Customs Adjudication disposes of Rs 772 million Q-Mobile tax evasion case

MULTAN: The Customs Adjudication-I collector has disposed of the Q-Mobile tax evasion case – involving Rs 772 million – on technical grounds that the MCC Multan was not authorised to constitute the case because the consignments were not cleared by that collectorate. Adjudication-I Collector Dr Fareed Iqbal Qureshi issued the Order-In-Original (ONO) number 441/2014-15 in Q-Mobile tax evasion case with ... Read More »

Customs Adjudication-I issues ONO against welfare association for Rs 8.4m tax evasion

KARACHI: The Collectorate of Customs Adjudication-I has issued Order-in-Original (ONO) against the importer Health Care and Social Welfare Association (charitable organization) in its alleged involvement in importing medicines on fake import documents. According to details, the Collector Dr Fareed Iqbal Qureshi in his judgment stated that the NGO has failed to provide any legal documentation regarding legitimate import of medicines ... Read More »

FBR seeks details of tax evasion case against Heena Garments from Export Collectorate

ISLAMABAD: The Federal Board of Revenue (FBR) has asked the authorities concerns of Model Customs Collectorate MCC Exports to furnish complete details of tax evasion case linked with the exporter Heena Garments, as the FBR has decided to contest the case in Supreme Court of Pakistan (SCP), Islamabad. The sources informed Customs Today that the Member (Legal) FBR Islamabad Ahmad ... Read More »

Customs Exports issues notice to Mohsin Ali and Co for recovery of Rs 2.8m

KARACHI: The Special Recovery Cell (SRC) of Model Customs Collectorate of Exports, in its continued recovery campaign in recent days, has issued yet another recovery notice against Mohsin Ali & Co. According to details, the Assistant Collector of Special Recovery Cell Exports Dr Jam Muhammad Imran on the directives of Collector MCC Exports Manzoor Memon has issued recovery notice against ... Read More »

PTCL, Q-Mobile among 80 high-profile cases awaiting decisions

KARACHI: The Collectorate of Customs Adjudication-I has yet to decide more than 80 cases, it is learnt. Sources informed Customs Today that Collectorate of Customs Adjudication-I Collector Dr Fareed Iqbal Qureshi has to decide the fate of more than 80 cases, including some high-profile cases against Pakistan Telecommunication Company Limited (PTCL), Shaheen Air International Limited and Q-Mobile International Limited. Heavy ... Read More »

Customs serves ONOs on black tea smugglers

KARACHI: The Collectorate of Customs Adjudication-I has issued Order-in-Originals (ONOs) against three accused persons namely Kashif Aftab, Yasir Paracha and others in their alleged involvement in smuggling of foreign origin black tea (Kenya) from the route of Afghan Transit Trade. The Collector of Customs Adjudication-I, Ahmed Mujtaba Memon in his judgment has ordered to outright confiscate the 111,376 kilogram of ... Read More »

Political crisis amid inflation

The warning bells are ringing from all sides amid political crisis in Islamabad. The whole world is watching developments in Pakistan and friendly countries like China and the United States are looking the events with concern. The Indian prime minister, who is spitting venom against Pakistan since his Bharatiya Janata Party has come to power,is also worried about the situation ... Read More »

FBR exceeds revenue target for August by Rs 3 billion

ISLAMABAD: The Federal Board of Revenue (FBR) has surpassed the monthly revenue collection target of Rs 180 billion for August 2014 as it collected over Rs 183 billion during the month. Official data obtained by Customs Today showed that the FBR has provisionally collected over Rs 183 billion during August 2014 against assigned monthly revenue collection target of Rs 180 billion with ... Read More »

Telenor terms allegations of tax evasion by customs baseless

KARACHI: Telenor Pakistan Director Corporate Communications and Responsibility Atifa Asghar, in response to the allegations of tax evasion, said that Telenor Pakistan was a law-abiding and responsible corporate entity, and that it always met its legal and ethical obligations. “The allegation of tax evasion is misconceived and incorrect,” she told Customs Today. “It is a matter of different interpretations and ... Read More »

Importer penalised for tax fraud involving LC

KARACHI: The Collectorate of Customs Adjudication has issued Order-in-Original (ONO) against an importer, UBC Convertec (Private) Limited, for its alleged involvement in mis-declaration of goods, value and description. According to details, the importer electronically filed goods declaration — KAPE-HC-54462 dated 24-12-2013 declared to contain Acrylic Polymer in primary form “PC WBGS 1240 A”, 10500Kg (net weight) under HS Code 3906.9090 ... Read More »

Customs foils bid to smuggle heroin to Nigeria, two booked

LAHORE: The Pakistan Customs has foiled an attempt to smuggle 250 gramme heroin to Nigeria. According to details, Customs Inspector Farrukh Amin found a parcel containing 250 gramme heroin worth Rs 75,000 at the export section of the General Post Office. Following the incident, the customs has lodged an FIR against two Nigerians, Ikenna Udegbuna and Jane Udegbuna, under Control ... Read More »

FBR asks law ministry to fill vacant posts in customs appellate

ISLAMABAD: The Federal Board of Revenue (FBR) has asked the federal law ministry to fill all the vacant posts in Lahore, Karachi and Peshawar in customs and Inland Revenue appellate tribunals. According to sources, 10 posts of the judicial and technical members are vacant in the Customs Appellate Tribunal and 18 posts of the judicial and accountant members are vacant ... Read More »

Customs central region not assigned revenue target

LAHORE: The Federal Board of Revenue (FBR) has not yet assigned target for the customs central region even nearly two month have passed since the start of the fiscal year 2014-15. Sources said that the FBR has issued revenue target in the first month of the fiscal year, however, it has not yet issued target for customs central region. Moreover, ... Read More »

Lahore Tax Bar Association sets up desk to facilitate taxpayers

LAHORE: The Lahore Tax Bar Association (LTBA) has established a special desk to facilitate the taxpayers who have been issued show-cause notice by the Lahore Broadening of Tax-base Department. Talking to Customs Today, LBTA President Aysha Qazi said that show-cause notices have been issued to the taxpayers on the directives of the Federal Board of Revenue (FBR) but no official ... Read More »

1 bench of Karachi Customs Appellate Tribunal not functional

KARACHI: One of the three benches of the Karachi Customs Appellate Tribunal have not been functional since 2012, it is learnt. The tribunal, which serves as a forum to settle revenue-related disputes of appraisement, was established in 1985 under Section 194 to ease burden on Sindh High Court. Three such tribunals were established, one each in Karachi, Lahore and Islamabad. ... Read More »

Customs serves recovery notices on 55 steal millers

SIALKOT: The Regional Tax Directorate in Gujranwala has issued tax recovery notices to 55 steal millers. The directorate has also collected Rs 500 million taxes in Gujranwala division despite the civil disobedience call given by the Pakistan Tehreek-e-Insaf Chairman Imran Khan. According to a senior official, the Federal Board of Revenue (FBR) has set another target of Rs 250 million ... Read More »

FIA to produce arms smuggler in court on Thursday

KARACHI: Sofia Latif, a customs, taxation and anti-smuggling judge, has remanded an accused to the FIA’s custody after arms and ammunition were seized from his personal baggage at the Jinnah International Airport. Mumtazuddin, the accused, will be produced before the judge on Thursday. Sources informed Customs Today that customs has recovered 25 parts of pistol and 97 magazines from the ... Read More »

Rs 771.8m tax evasion: Customs issues contravention report against Q-Mobile

KARACHI: The Collectorate of Customs Adjudication-I has issued a contravention report against New Allied Electronics (Private) Limited and Digicom (Private) Limited (proprietors of the Q-Mobile cellular phones brand). The Model Customs Collectorate (MCC) Multan has issued the report on alleged tax evasion of Rs 771.8 million under the head of sales tax, additional sales tax and income tax. The total ... Read More »

Appraisement-West implements Queue Management System

KARACHI: A Queue Management System (QMS) has been introduced at the Model Customs Collectorate of Appraisement-West to facilitate the authorised clearing agents and importers. According to details, automated token machines have been installed outside the offices of the assistant and deputy collectors to facilitate the clearing agents during the hearing of their cases. Moreover, proper seating and lighting arrangements for ... Read More »

Up country dry ports vital for interregional trade: Ishaq

SIALKOT: All Pakistan Dry Ports Association Chairman Muhammad Ishaq Butt said that the role of up country dry ports will become vital in the future with the growth of inter-regional trade, especially due to improving trade relations among Saarc countries and predictable peace in the region. Talking to Customs Today here, he said that all issues related to the up ... Read More »