Karachi

KARACHI: The Collector of Model Customs Collectorate-MCC Preventive Syed Muhammad Tariq Huda held a meeting with the main stakeholders of...

RTO-III recovers Rs 37 million from KMC, defunct KDA

KARACHI: The Regional Tax Office-III has successfully made a huge revenue recovery of Rs 37 million from the Karachi Metropolitan...

Appellate Tribunal Bench-II hears 757 cases from January to May

KARACHI: The Customs Appellate Tribunal Bench-II, Karachi, has taken up 757 cases since January 2015, out of which eight cases...

Benazir Housing Scheme’s chairman remanded to NAB for Rs 367.593m corruption

KARACHI: The Accountability Court on Wednesday remanded chairman of the Shaheed Benazir Bhutto Housing Scheme to the National Accountability Bureau...

Sindh to revise rate of Infrastructure Cess to collect additional Rs 2.5 billion

KARACHI: With an aim to collect additional Rs 2.5 billion for the maintenance and development of infrastructure in the province,...

Report finds six customs officials guilty of dubious clearance of vehicles under amnesty scheme

KARACHI: A complete factual report regarding the Vehicles’ Amnesty Scheme (VAS) scam was sent to the Federal Board of Revenue...

FIA to shift Axact’s CEO, others to Islamabad for investigations

KARACHI: The District and Sessions Court – South has allowed the Federal Investigation Agency (FIA) to shift Axact CEO Shoaib...

DG Valuation determines customs values of sewing machine motors, servo motors

KARACHI: The Directorate General of Customs Valuation has determined the customs values of household sewing machine motors/servo motor vide Valuation...

DG Transit Trade announces schedule for auction of confiscated goods

KARACHI: The Directorate General of Transit Trade has announced the auction schedule for the fiscal year 2014-15. According to details,...

Sindh Excise and Taxation Department to face shortage of staff very soon

byWaqar Ahmed Ansari

KARACHI: The Department of Excise and Taxation is going to face a shortage of staff very soon, as many employees...

Rs280m tax evasion: FBR begins probe against Orakzai Industries, Khyber & Company

byWaqar Ahmed Ansari

KARACHI: The authorities concerned of the Federal Board of Revenue (FBR) have started investigations against Orakzai Industries and Khyber and...

Member IT to deliver presentation on ‘Introduction to Registration Module of IRIS’ on June 25

KARACHI: The CPE Committee of Karachi Tax Bar Association (KTBA) is going to organize a seminar on “Introduction to Registration...

ASO Karachi seizes foreign cigarettes, Guthka worth Rs 4,375,000

KARACHI: Directorate of Customs Intelligence and Investigations Anti-Smuggling Organisation Karachi in the supervision of ASO chief Haji Aslam, seized...

No revenue collected in Karachi during three days, mainly due to bank holidays

Holidays, bank closures hamper collection; heat wave adds to the woes KARACHI: Revenue collection by the Regional Tax Office and a...

Classification of hydraulic hand pallet truck determined

KARACHI: The PCT Committee has noted that hydraulic hand pallet trucks/trolleys are correctly classifiable under the PCT Heading 8716.8090. The...

Customs values of frequency inverters determined

KARACHI: The Directorate General of Customs Valuation has determined the customs values of frequency inverters vide Valuation Ruling No. 751/2015....

Appellate Tribunal sets aside VR No. 618/2013; orders re-determination

KARACHI: The Customs Appellate Tribunal has set aside a Valuation Ruling 618/2013 and ordered the Valuation Department to determine the...

Indus Motors, Fauji Fertilizers defaulters of Rs 465 m tax

KARACHI: The Indus Motors and Fauji Fertilizers are the major property tax evaders as an amount of more than Rs...

Bank Al Habib, Faysal Bank, Bolan Bank defaulters of Rs 437,149 property tax‏