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Customs barred from initiating audit, investigation in case of full payment

KARACHI: Customs authorities have been barred from initiating audit and investigation where payment has been made in erroneously short-paid cases. Through Finance Act, 2018 a...

Data exchange of information to be used for customs valuation

KARACHI: Pakistan Customs has been empowered to use exchange of information with other countries for determination of true valuation of imported and exported goods. The...

Major amendments to Customs Act 1969 through Finance Bill

KARACHI: The Finance Bill 2018 has recommended major changes to Customs Act, 1969 to be implemented during the fiscal year 2018/2019. The changes recommended to...

Finance Bill 2018: Collector Appeals empowered to stay recovery for 30...

ISLAMABAD: The collector appeals has been empowered to grant stay the recovery proceedings for 30 days. Through Finance Bill 2018 an amendment has been made...

Finance Bill 2018: provisional release of imported goods allowed

ISLAMABAD: Provisional release of imported goods where any discrepancy is identified has been allowed on payment of duty and taxes along with fine and...

Finance Bill 2018: Customs not to initiate investigation on voluntary duty,...

ISLAMABAD: Pakistan Customs will not initiate audit investigation in case of false statement in case full amount of short paid duty, taxes or other...

Finance Bill 2018: data exchange for customs value determination allowed

ISLAMABAD: The customs authorities have been allowed to use data exchange information for determination of customs value. The Finance Bill 2018 has proposed amendment to...

Dignitaries of UAE, Qatar and Bahrain allowed duty free imports

ISLAMABAD: The government of Pakistan has allowed duty free imports by dignitaries of UAE, Qatar and Bahrain, which includes household articles and personal effects...

Duty free gifts, donations by charitable institutions to be disallowed on...

ISLAMABAD: Federal Board of Revenue (FBR) said that concession of duty free gifts and donations received by charitable non-profit making hospital or institutions will...

Duty free imports allowed to Edhi Foundation

ISLAMABAD: The federal government has allowed duty free imports by Edhi Foundation subject to the condition that the imported goods mean for use by...

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