Tag Archives: Customs Act 1969

Finance Act 2016: ADRC decision to be implemented if FBR fails to pass order in 90 days

pak_customs

KARACHI: The government has inserted changes in respective Customs and Inland Revenue laws through Finance Act 2016 for speedy disposal of disputes between taxpayers and tax authorities and bound Federal Board of Revenue (FBR) to pass orders in 90 days other decision of Alternate Dispute Resolution Committee (ADRC) will be treated final verdict.

Finance Bill 2016: Customs authorized to make public valuation data

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KARACHI: Pakistan Customs has been allowed to make public the data of valuation without disclosing the name of importer, export or suppliers.

Customs value of un-branded garments to be determined on March 29

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KARACHI: The Directorate General of Customs Valuation has decided to determine the customs values of un-branded garments owing to massive misdeclaration and duty evasion.

FBR issues SRO to impose one percent additional duty

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KARACHI: The Federal Board of Revenue (FBR) on Tuesday issued SRO to impose additional one percent customs duty on import of goods specified in the First Schedule to Customs Act, 1969.

Exporter/importer to be responsible for things done by representatives, customs agents

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KARACHI: Customs laws have held responsible exporters / importers for any thing done on their behalf by representatives or agent authorized by them.

Customs clearance to be denied on appearance of unauthorized person

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KARACHI: The Federal Board of Revenue (FBR) has said that customs clearance will not be approved in case a representative is appeared without authorization of licensed customs agent or importer.

Reward to customs officials only available on realization of duty, taxes

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KARACHI: Rewards will be given to customs officials in over the case involving evasion of customs duty and taxes, according to Customs Act, 1969 updated as on June 30, 2015 issued by Federal Board of Revenue (FBR) recently.

Time and rate of duty drawback explained by Customs Act 1969

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KARACHI: Drawback of the export on exported goods shall be paid at seven-eight of the actual duties paid. The drawback shall not be paid until the exported goods left Pakistan. These have been explained by Customs Act, 1969 updated to June 30, 2015 released by Federal Board of Revenue (FBR).

National Tariff Commission imposes anti-dumping duty on import of polyster staple fiber from China

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KARACHI: National Tariff Commission (NTC) has imposed provisional anti-dumping duty on import of all imports of polyster staple fibre (not exceeding 2 denier) classified under Pakistan Customs Tariff (PCT) No. 5503.2010/

Customs Act, 1969: Customs officers empowered to arrest without warrant

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KARACHI: The Customs officers have been empowered to arrest without warrant any importer/exporter if suspected during the examination of goods. However, Customs officer must be an assistant collector or any other who is duly employed for prevention of smuggling, according to Customs Act, 1969 updated as on June 30, 2015.