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Tag Archives: PCT

FBR issues procedure for adjustment of ST by steel melters at import stage

ISLAMABAD: The Federal Board of Revenue has issued procedure for adjustment of sales tax by steel melters paid at import stage on the specified categories of remeltable iron and steel scrap with effect from July 1, 2018. The FBR, in supersession of Sales Tax General Order No. 119 of 2017 dated 2nd August, 2017, and in exercise of the power ... Read More »

Order-in-Revision issued against reviewed petition on VR No 637/2014 on mini bus

KARACHI: The Director General of Directorate General Customs Valuation Samaira Nazir Khan has issued Order-in Revision against the reviewed petition filed by the Tayyaba Motors Limited on issuance of impugned Valuation Ruling No637/2014 linked with mini bus. In the Order, Director General of Customs Valuation Samaira Nazir Khan was of the view that the case suffers from the grave failure ... Read More »

Customs Adjudication issues ONO against Halliburton Worldwide for tax evasion

KARACHI: Additional Collector Customs Adjudication-II Samiul Haq has issued Order-in-Original against the renowned multinational company Halliburton Worldwide Limited (DHL Global Forwarding) against its alleged involvement in massive miss-declaration in terms of value, description and weight of the imported consignments, Oil Well Chemical (Chem Latex-3000). According to details, the importer electronically filed the goods declaration KAPE-HC-51813-11-11-2014 for the import of Oil ... Read More »

Strong rupee increased net collection of customs duty by 1 % : FBR Year Book 2013-14

ISLAMABAD: Increase in value of rupee versus dollar pushed net collection of customs duty up by around one percent in fiscal year 2013-14, a according to the Year Book 2013-14 issued by the Federal Board of Revenue (FBR). The Year Book 2013-14 of FBR showed that the Customs duty contributed around 17.4percent and 10.6percent in the indirect taxes and federal ... Read More »

Customs Today posts Historical Customs Clearance Evidence Data of Sept

ISLAMABAD: After great success of valuation rulings and other important gadgets, Customs Today website has started uploading very crucial Historical Customs Clearance Evidence Data to facilitate the importers. Initially three months –June to August –data was posted, however, it was promised to update this data every month on regular basis. Now Customs Today has fulfilled its commitment and posted the data ... Read More »

Appraisement East-West reassign work to Additional Collectors

KARACHI: Model Customs Collectorate of Appraisement (East-West) has issued a circular regarding redistribution of work amongst Additional Collectors. In Appraisement East, Zeba Bashir Ahmad (Additional Collector-I) has been assigned for Group-II/IV, R&D, MIS, Securities, Establishment Branch, PCT Committee, Audit and PRV Cell; Muhammad Tahir (Additional Collector-II) has been assigned for Group-III/V/VII, Transit and Trans-shipment, DTRE, MCD, Warehousing, Refund, Adjudication, FTA ... Read More »

Customs issues valuation ruling of one-side coated duplex board

KARACHI: The Directorate General of Customs Valuation, through ruling No 694/2014, has determined the Customs values of one-sided coated duplex board. Customs values of ‘one side coated duplex board grey back in sheets 300 GSM & up and one side coated duplex board other than grey back in sheets’ have been revised through Valuation Ruling No 549/2013 dated 23-04-2013. Sources ... Read More »

Crackdown on pharma raw-material importers soon

KARACHI: The Model Customs Collectorate Appraisement-West has planned to start a crackdown on importers of pharmaceuticals raw material, for misusing SRO551 in clearance of the material under PCT Headings 2933.5940 and 2933.5990; sources told Customs Today. According to the Federal Board of Revenue (FBR) sources, the Appraising Intelligence Branch (AIB/R&D) of MCC-Appraisement-West has written a letter to the authorities concerned, ... Read More »

Customs values of contact lenses fixed

KARACHI: The Directorate General of Customs Valuation has determined the Customs values of contact lenses (without power) through Valuation Ruling No.681/2014 under Section 25-A of the Customs Act, 1969. The said Valuation Ruling has superseded the Valuation Ruling No. 633/2014. According to details, the Customs values of contact lenses (without power) 1-day disposable from China Origin having PCT Code 9001.3000 ... Read More »

Mis-declaration: M/s Ziaul Haq & Sons served show cause

KARACHI: The Customs Collectorate Additional Collector-II (Adjudication) has served importer M/s Ziaul Haq & Sons with a show-cause notice for mis-declaration of imported consignments. According to details, importer M/s Ziaul Haq cleared the consignments of cold rolled coil of prime quality, having PCT 7209.1590, weighting 3,784-kg and Tin plate sheet, having PCT 7210.1290 and 11,000-kg weightage under Section 79(1) of ... 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 values of headphones issued

KARACHI: Directorate General of Customs Valuation has issued Valuation Ruling no.676/2014 for determination of Customs values of headphones. Customs value of headphones of international brands (Creative, Bosch, Logitech, Philips, Toshiba, Sony, Beats, Samsung, Nokia, LG, Canon and Yamaha) from China having Pakistan Customs Tariff (PCT) heading 8518.3000 and proposed PCT code for WeBOC 8518.3000.1000 has been fixed at $ 4.70 ... Read More »