Daily Archives: July 4, 2017

President directs expediting tax refund process

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ISLAMABAD: President Mamnoon Hussain has said that the process of tax refunds to small industries should be expedited and they should be provided all necessary facilities to further strengthen the country’s economy.

Tariq Pasha assumes charge as 23rd FBR chairman

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ISLAMABAD: Tariq Mahmood Pasha, BS-22 officer of Inland Revenue Service, has been appointed as 23rd chairman of Federal Board of Revenue (FBR). Pasha assumed the charge on Tuesday, according to a notification issued by the FBR.

Two customs officers awarded major penalty

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ISLAMABAD: Federal Board of Revenue (FBR) has imposed major penalty upon two officers of Model Customs Collectorate (MCC) Hyderabad by downgrading to four stage lower for misconduct and inefficiency.

FBR authorizes additional collector to permit re-export of frustrated cargo

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ISLAMABAD: Federal Board of Revenue (FBR) has allowed additional collector to permit re-export of frustrated cargo under customs supervision without payment of duties and taxes.

FBR includes transit goods into auction list; Customs Rules, 2001 amended

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ISLAMABAD: Federal Board of Revenue (FBR) has included transit goods into list of auctionable items by amending the Customs Rules 2001 through SRO 564(I)/2017 issued on Monday.

FBR imposes 100pc duty, taxes on disposal of 2nd vehicle by diplomats

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ISLAMABAD: Federal Board of Revenue (FBR) has imposed 100 percent duty and taxes on sale of vehicles imported by diplomats. The FBR issued SRO 565 (I)/2017 to impose the rate of duty and taxes on sales of vehicles which is subject to permission of ministry of foreign affairs.

FBR exempts additional customs duty on warehoused imported goods

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ISLAMABAD: Federal Board of Revenue (FBR) has exempted the additional customs duty leviable as surcharge as is in excess of 0.25 percent of the value on the imported goods warehoused under the Safe Transportation Scheme in terms of Customs General Order (CGO) 12 of 2002.