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MCCI announces key findings of its latest Intellectual Property Rights survey

MULTAN: The Multan Chamber of Commerce and Industry (MCCII) has announced key findings of its latest Intellectual Property Rights (IPR) survey. As per the findings of the survey, 37 percent of the respondents indicated that it takes 1 to 3 years to resolve a standard IPR dispute, and 22 percent stated that it takes more than 5 years. Respondents also ... Read More »

PRA extends payment date of sales tax up to January 24

MULTAN: The Punjab Revenue Authority (PRA) has extended payment date of sales tax up to 24th January 2022. According to a notification, the PRA has decided to extend the due date of payment of sales tax and filing of sales tax returns/withholding statements for the tax period December 2021. All the registered persons including their agents are allowed to file ... Read More »

Taxpayers facing severe issues in filing National Sales Tax Return

MULTAN: The Regional Tax Office and Large Taxpayer Office Multan taxpayers are facing problems in filing the Federal Board of Revenue (FBR)’s National Sales Tax Return (STR), which was formally launched by Finance Minister Shaukat Tarin on January 7, 2022. Earlier, the FBR informed all concerned that the STR for the tax period of December 2021 will be filed through ... Read More »

FBR asks MCCI to submit tax proposals on customs tariff rates & procedures

MULTAN: The Federal Board of Revenue has issued a letter to Multan Chamber of Commerce and Industry (MCCI) and invited them for proposals which may cover three areas i.e. changes in Customs Tariff rates, Rules/Procedures, and Customs Act, 1969. According to spokesperson of MCCI, Federal Board of Revenue has started its budget preparation exercises for the fiscal year (2022-23) and ... Read More »

Peshawar Enforcement foils bid to smuggle US Army rifles worth Rs10m into Pakistan

PESHAWAR: Collectorate of Customs Enforcement has foiled an attempt to smuggle huge quantity of American rifles (old/used) coming from Afghanistan. The value of the rifles is estimated at Rs30 million. The rifles were being transported in a Mercedes truck worth Rs10 million, which is also seized. Sources said that information was received through Collector Kamran Rajar to Additional Collector Muhammad ... Read More »

Collector Customs will process duty draw backs claims of registered units

MULTAN: The Collector of Customs with jurisdiction on the area where the unit is registered will process duty draw back claims. The Federal Board of Revenue (FBR) has introduced a mandatory requirement of six documents for the claim of duty drawbacks on local supplies, free of duty imports, and taxes to avoid any misuse of the facility. The FBR issued ... Read More »

FBR tightens rules for shipping agents and imposes conditions for renewal of licenses

MULTAN: The Federal Board of Revenue (FBR) has further tightened the rules for shipping agents and imposed some significant conditions for renewal of licenses. The Federal Board of Revenue has imposed a new condition on the renewal of licenses of shipping agents. The condition requires shipment agents to provide an affidavit declaring that the applicant has not faced any criminal ... Read More »

Gwadar Customs, Pakistan Navy foil bid to smuggle foreign origin liquor worth Rs61.36m

GWADAR: Collectorate of Customs in a coordinated operation with Pakistan Navy in sea has foiled an attempt to smuggle  foreign origin whisky worth Rs61.36 million. A commercial motor boat worth Rs8.0 million was also seized. Sources said that information was received from the Collector Gwadar Chaudry Javed that an attempt would be made to smuggle imported liquor into the country ... Read More »

Multan Adjudication settles seizure cases involving Rs242.574m

MULTAN: Collectorate of Customs Adjudication Multan Camp Office has disposed 78 seizure cases involving Rs.242.574 million during the month of December 2021-22. The Collectorate of Customs Adjudication Multan Camp Office has disposed of 78 different seizure cases framed by Anti-Smuggling Organization (ASO) and Directorate of Customs Intelligence and Investigation. Multan Customs Adjudication has disposed these seizure cases in December after ... Read More »

Multan Customs generates Rs35.77m revenue during December

MULTAN: Collectorate of Customs Enforcement and Compliance (E&C) has collected Rs35.77 million under the heads of customs duty, sales tax and Income tax during month of December 2021-22. According to the details, Multan Customs has collected Rs31.22 million in wake of customs duty during the month of December. Multan Customs collected Rs2.55 million under the head of sales tax during ... Read More »

Businessm community in KP concerned at unnecessary actions

PESHAWAR: Expressing concern over ‘unnecessary actions’ on the pretext of floating rules, the business community urged the Federal Tax ombudsman (FTO) to take notice of anti-business behaviours of relevant tax-collection institutions and authorities. Sarhad Chamber of Commerce and Industry President Hasnain Khurshid Ahmad and other representatives of SCCI raised these issues with the Federal Tax Ombudsman, Dr Asif Mehmood Jah, ... Read More »

Multan Customs seizes NDP vehicles & goods worth Rs347.3m during December

MULTAN: Collectorate of Customs Enforcement and Compliance (E&C) has seized non-customs paid vehicles and miscellaneous goods worth Rs347.3 million during various anti-smuggling operations in December 2021-22. Sources told Customs Today that Multan Customs Collectorate has carried out various crackdowns against smuggled goods. Multan Customs Anti-Smuggling staff has thwarted several attempts of smuggling inn on the basis of credible information against ... Read More »

Torkham Customs foils bid to smuggle 100kg of heroin from Afghanistan

TORKHAM: Pakistan Customs Customs officials seized more than 100kgs of heroin from a truck. The driver of the truck has also been taken into custody. Customs officials said the value of drugs in the international market was over a billion rupees. The anti-drug operation was one of the few major ones that were carried out in the history of Torkham ... Read More »

Peshawar Customs foils bid to smuggle narcotics from Afghanistan into Pakistan

PESHAWAR: Collectorate of Customs has seized huge quantity of narcotics, which were being smuggled into Pakistan Sources said that an empty vehicle entered from Afghanistan into Pakistan. Upon suspicion at zero line, the vehicle was taken to import yard for scanning. The scanning revealed heavy concealment in floor of the vehicle. In order to carry out extensive examination of vehicle, ... Read More »

Quetta Appraisement foils smuggling attempt of urea worth Rs7.2m

QUETTA: Accomplishing a result-oriented anti-smuggling operation due to enhanced vigilance on all export consignments, the Collectorate of Customs Appraisement, Quetta seized illegal urea fertilizers worth Rs7.2 million being smuggled to Afghanistan. Divulging the details of the action, the Federal Board of Revenue stated that upon receipt of credible information of a huge quantity of urea fertilizers being smuggled to Afghanistan ... Read More »

FTO detects irregularities in seizure & auction of non-customs paid vehicles

MULTAN: The Federal Tax Ombud­­sman (FTO) has detected irregularities in seizure and auction of non-customs paid (NCP) vehicles across the country. The ombudsman has taken a suo motu case against irregularities of the Federal Board of Revenue (FBR) field formations in making seizure of smuggled NCP vehicles, determination of assessable value and conduction of auction of the seized vehicles. During ... Read More »

FBR must ensure recovery notice to defaulters before taking action: President MTBA Malik Khadim Hussain

MULTAN: The Federal Board of Revenue must ensure recovery notice to tax defaulters before taking any extreme action. President Multan Tax Bar Association Malik Khadim Hussain Maitla has demanded that Chief Commissioners Inland Revenue strictly directed to arrive at rational decision before exercise of extreme measures of recovery adopting the mode provided u/s 140 of the Income Tax ordinance, 2001 ... Read More »

Malik Kamran Rajar elected as President of  Pakistan Customs Officers Association

MULTAN: Pakistan Customs Officer Malik Kamran Azam Khan Rajar has been elected as President of Pakistan Customs Officers Association (PCOA). Pakistan Customs Officers Association is a representative body of the officers of Pakistan Customs Service (PCS). Election Commissioner Pakistan Customs Officers Association Muhammad Ramzan Bhatti announced the results after completion of counting. According to the details, two panels were contesting ... Read More »

Multan Customs adopts zero tolerance policy against smuggling: Collector Imran Ahmad Chaudhry

MULTAN: Collectorate of Customs Enforcement has showed tremendous performance under the umbrella of Federal Board of Revenue. It was stated by Collector Imran Ahmad Chaudhry during his exclusive interview with Customs Today on other day regarding performance. The territorial jurisdiction of the Collectorate of Customs (Enforcement-Multan) is pivotal with respect to the across-the-border movement of goods as the Collectorate is ... Read More »

Multan I&I taking effective measures against money laundering: Naveed ur Rehman Bughvi

MULTAN: Directorate of Customs Intelligence and Investigation vigorously functioning for the prevention of money laundering and combating the finance of terrorism in the jurisdiction. These views were expressed by Deputy Director Navee-Ur-Rehman Bughvi during an exclusively interview with Customs Today regarding anti-money laundering actions. He said that in the wake of the FATF action plan for Pakistan, he said, the ... Read More »