Daily on www.customsbulletin.com
Find us on
pAkIStAN’S fIRSt INDepth NeWSpApeR oN cuStomS
Daily
ABC Certified
Karachi, Fri July 14, 2017
GAWADER
WAQAR ANSARI
www.customsbulletin.com
T
he Collectorate of Customs Gawadar foiled attempts to smuggle computer accessories and other goods worth Rs 2.2 million in Mirst 10 days of July. According to detail, Gwadar Collector
Saeed Akram, on a tipoff, constituted a team of Customs Anti-Smuggling Organization (ASO) to curb smuggling in Jewani area, The team, under the supervision of Inspector Imran Shah, raided a godown in Jewani and recovered more than 80 monitors of 21 inches, 100 laptops, hard drives, key boards, mouses and 2 GB RAMs. The team seized the
Vol 2, Issue No. 169
Price Rs. 14.00
items and arrested two persons as they failed to show any legal documents regarding possession of the computer accessories. However, a case has been Miled against the two suspects. Source said that during the Mirst 10 days of July, the Collectorate of Customs Gwadar seized smuggling goods worth of Rs 8 million in different operations.
Gwadar Customs recovers smuggled goods worth Rs 8m in ten days of July
Customs Collectorate helps AFU surpass revised CD target in 2016-17
Customs Port Qasim collects Rs 14.45b in first ten days of July
More than 200kg of drugs, phones found in UK prisons
DG Valuation revises customs value of dry battery cell vide VR No 1189/2017
GawadarCustomsfoiledattemptstosmuggle computer accessories and other goods | See pAge 01 |
MCC Islamabad helped the AFU to surpass the revised revenue target of CD | See pAge 03 |
The Customs Collectorate PQ collected Rs 15.45 billion under the head DT | See pAge 04 |
Thecurrentstateofprisonsis“unacceptable”, the justice secretary has said | See pAge 14 |
The DG of CustomsValuation has revised the customs value of dry battery cell | See pAge 16 |
2
www.customsbulletin.com
Govt releases Rs3b for refund claims Friday, July 14, 2017
National
FAISALABAD: The federal government has released Rs 3 billion for immediate payment of refund claims to textile exporters whereas more funds are being arranged to resolve the issue completely, said Hasan Iqbal, Federal Secretary for Textile Industry. Addressing a meeting of Pakistan Hosiery Manufacturers and Exporters Association (PHMEA) here on Monday, he highlighted the importance of textile sector and said the government was fully aware of its problems. He said that textile sector was not only playing a dynamic role in strengthening national economy but it is also providing job opportunities to millions of people.
customs collectorate helps Afu surpass revised cD target in 2016-17
ISLAMABAD
ISLAMABAD
cuStomS BuLLetIN RepoRt
tARIQ DeRYA
www.customsbulletin.com
www.customsbulletin.com
ederal Board of Revenue’s Large Taxpayers Unit (LTU) Karachi, acting on a Sindh High Court’s judgment, has issued a notice to Sui Southern Gas Company Limited (SSGCL) for recovery of Rs8 billion tax. On November 25, 2016, the court had dismissed utility firm’s petition to adjust the amount under unaccounted for gas (UFG) losses. “After scrutinising the sales tax returns and auditing accounts for the years 2010-2011, 2011-2012, 20122013 and 2014-2015, the LTU discovered the SSGCL had purchased the gas and supplied the same having declared line losses over and above the prescribed limit set by Oil and Gas Regulatory Authority (OGRA).” Officials at the SSGCL said the recovery proceeding has already been challenged in the court. The LTU official said the gas utility had claimed 9.43 percent, 10.80 percent, 8.43 percent, 13.82 percent and 13.62 percent UFG losses for years 2010-2011 to 2014-2015, respectively. “The regulatory authority, however, rejected the claim and allowed UFG at 4.25 percent for 2010-2011 and 4 percent for remaining years,” he said.
F
T
he administrative measures taken by the Model Customs Collectorate Islamabad helped the Air Freight Unit to surpass the revised revenue target of Customs Duty (CD) during Financial Year (FY) 2016-17. The AFU collects millions of rupees through evacuated cases from the Supreme Court against Al-Haj Traders, the 2nd cause was those payments which laid at Duty & Tax Remission for Export Pakistan Customs (DTRE) Section. The AFU cleared them and added the said payments to the account of the AFU. The third reason to meet the assigned target was the amounts come through Bank guarantees and the other one cause was to get involved the importers in facilitation by solving their problems they face during doing their business. The AFU recovered pending payments of Rs129.7million by Pakistan International Airline (PIA) during FY2016-17. About Rs104.2million was earned by 27 kilogram of conMiscated gold and the AFU also got deferred payments from the NADRA and Cabinet Division to meet the revenue shortfall of FY16-17. The AFU Islamabad generated Rs937.6million extra revenue against the allocated target for Financial Year (FY) 2016-17 of Customs Duty (CD). The AFU received
fBR issues notice to SSgc to recover Rs8.2 billion tax
Rs2396.60million of CD during Financial Year (FY) 2016-17 against the earmarked target of Rs1459.00million under the same head during July to June FY2016-17. According to details told by Shahid Jan Deputy Collector AFU while giving an exclusive interview to Customs Today, he said the performance was tremendous during FY2016-17 under the head of CD against the allocated revenue target under the same head.
The AFU earned Rs444.56million of CD during June FY16-17 against the assigned target of Rs395million under the same head. The AFU earned Rs49.56million extra revenue of CD during June FY16-17. He told CT that the AFU earned Rs205.31million during May FY16-17 against the assigned target of Rs319.00million under the same head whereas the AFU earned Rs219.14million CD against the target of Rs225million. During the
month of April FY16-17, the AFU was assigned with the collection Rs255million of CD whereas it earned Rs196.00million under the same head. During March FY16-17, the AFU was assigned with the collection of Rs225.00million of CD whereas AFU collected Rs219.14million under the same head. During February FY16-17, the AFU earned Rs159.72million against the allocated target of Rs185.00million.
hyderabad ASo impounds vehicles, goods valued Rs35m
T
HYDERABAD
ASLAm ANJum QuReShI www.customsbulletin.com
he Model Customs Collectorate Hyderabad’s Anti-Smuggling Organization (ASO) impounded smuggled goods including non-dutypaid vehicles, tyres and tubes, autoparts, and other contraband cigarettes, Gutka, all brands and electronic items, laptops, note books, hard dics, projector, LED TVs, high deMinition, car air-conditioner com-
pressors, dry milk powder, Rani juice, mobile accessories, sports goods, toiletries, cosmetics, shampoo, and other goods worth Rs35million from Hyderabad, Sukkur and Larkana-Jacobabad in June 2017. Following the instruction of Hyderabad Customs Collector Akhlaq Ahmad Khattaq under the supervision of Additional Collector Rehmatulah Vistro, the ASO conducted various operations to save the country from inMlation and decline of progress. The customs team im-
pounded different items including three vehicles (u/s 16) valued Rs03million, imported smuggled 257 tyres & tube valued Rs02million and different foreign origin 13,335 cartons of cigarettes worth Rs315000 and other miscellaneous items. The ASO seized foreign origin auto-parts worth Rs07.3million, foreign origin 144,500 sachets of Indian Gutka worth Rs01.5million, and toiletries including cosmetics and shampoo valued Rs865200. Besides, the ASO seized miscel-
laneous items including electronic goods, laptops, note books, hard dics, projectors, LED TVs high definition, car air-conditioners compressors, dry milk powder different brands, fireworks, Rani juice, mobile accessories and sports goods worth Rs12million under the supervision of Deputy Collector Mushtaq Shahni, Customs Preventive Assistant Collector Customs Preventive Sukkur Mumtaz Ali Ghangro. The ASO team, comprising of Su-
perintendent Ghulam Shabbir Phalputo, Inspectors Imdad Ali Abro, Iqbal Mughal, Asaduddin Mirza, Mushtaq Ali Lakho, Waqar Ahmed Baig, Waqar Ahmed Surahio, Shakeel Khan, Aziz Ahmed Katpar, In-charge check-post Jacobabad Makhan Khan, In-charge Sukkur Check-Post, Sepoys Ghulam Sadiq, Ayuob, Abid Razaq, Hawaldar Muhammad Ahmed, Drivers Nisar Ahmdani, Sadiq Khaskheli and Khan, participated in the said operations.
www.customsbulletin.com
ADVERTISEMENT
3
4
www.customsbulletin.com
KARACHI
WAQAR AhmeD ANSARI www.customstoday.com
t
he Customs Collectorate Port Qasim collected Rs 14.45 billion under the head of duty and taxes during Mirst ten days of July, 2017. Sources told Customs Today that the collectorate collected Rs 4.12 billion customs duty, Rs9.65 billion sales tax, Rs 2 billion income tax and Rs 190 million federal excise duty during the period. Sources said that as compared with Mirst 15 days of June the Customs Collectorate Port Qasim collected Rs 18.23 billion in duty and taxes . Sources said that the collectorate collected Rs 5.25 billion customs duty, Rs 10.67 billion sales tax, Rs 2.14 billion income tax and Rs 170 million federal excise duty during the period. The Customs Collectorate Port Qasim collected Rs 44.12 billion duty during the month of June and Rs 398 million under the head of federal excise duty (FED). The Collectorate has collected Rs14.4 billion under the head of customs duty. Sources told that the Collectorate was assigned a revenue collection target of Rs 43.62 billion while the Customs Port Qasim collected Rs 24.29 billion under the head of sales tax, Rs 5.69 billion as income tax and Rs 398 million under the head of federal excise duty.
Sources told that the Customs Port Qasim collected Rs 41.7 billion customs duty during May Rs 23.46 billion under the head of sales tax, Rs 4.82 billion under the head of income tax and Rs 361 million under the head of federal excise duty. Meanwhile, The Customs Collectorate Port Qasim collected Rs 44.12 billion duty during the month of
June and Rs 398 million under the head of federal excise duty. The collectorate has collected Rs 14.4 billion under the head of customs duty. Sources told Customs Today that the collectorate was assigned a revenue collection target of Rs 43.62 billion while the Customs Port Qasim collected Rs 24.29 billion under the head of sales tax, Rs 5.69 billion as income tax and Rs 398 million under the head of federal excise duty. Sources said that the Customs Port Qasim collected 41.70 billion customs duty during May, Rs 23.46 billion under the head of sales tax, Rs 4.82 billion under the head of income tax and Rs 361 million under the head of federal excise duty. While during the month of April the rst fi Customs Port Qasim collected Rs h t i w pared 37.79 billion against the assigned e m t o a c r s at a lecto l h o t target of Rs 37.24 billion. It colc d s i s sa n in custom o lected Rs 11.52 billion under the e i l Source h l i t b e 8.23 f Jun 1 o s head of customs duty, Rs 21.32 s R y e a d te t th 15 d collec billion as sales tax and Rs 4.55 id tha a m s i s s a e n urc o i o l l S port Q billion under the head of income i s b e 5.25 nd tax tax. The collectorate collected , Rs ed Rs x t c a t duty a e l s l co n sale Rs 380 million under the head of torate ion 7 billio 6 . collec 0 federal excise duty. 1 0 mill s 7 1 R , s y R s dut It is necessary to mention here ax and period custom ome t c n i that Collector Port Qasim Saeed g the n n i o i r l l u i d 2.14 b Akram directed all the relevant ofe duty l excis a r e Micials to use all resources to meet d fe the assigned revenue collection target.
www.customsbulletin.com
Friday, July 14, 2017
5
6
www.customsbulletin.com
Founder & Chairman Zulfiqar Ali Editor Rahil Yasin editor@customsbulletin.com.pk For advertising & subscription marketing@customsbulletin.com.pk www.customsbulletin.com Phones: 042-35781643-4, Fax: 042-35781645 Address: 627, Siddiq Trade Centre, Gulberg, Lahore
eDItoRIAL
Yet another loan
A
t a time when the country is facing the challenge of current account deficit, declining exports and under performance of the industrial sector, the government has obtained another $700 million loan from a European bank to offload pressure on the foreign currency reserves. The latest loan obtained at an interest rate of 4.47 percent has brought the total borrowings to $9 billion in one year which is the highest figure in a single year in the history of the country. However, the government has accepted the loan on the grounds that the markup on the borrowing is lower than the returns the country paid to the Sukuk and Euro bonds holders. Incidentally, the government will also have to pay 0.5 percent per annum as fee to the World Bank for providing policy-based guarantees. It has brought the borrowing cost to nearly five percent. At least 0.25 have apparently been paid to the bank as upfront fee. The lion share of the loans has gone under the head of debt servicing. The wholesale borrowing policy shows how much the current leadership is able and capable of running the financial affairs of the country. The borrowing from foreign commercial banks was introduced by the previous Pakistan People’s Party government and the PML-N has continued this policy after coming to power in 2013. This borrowing, which is often done without competitive bidding, has become a sport for the financial managers of the country. According to World Bank Country Director for Pakistan Illango Patchamuthu, two World Bank guarantees have helped Pakistan secure over $1 billion in international commercial financing at very attractive rates last week. He also claimed that the World Bank guarantees have helped Pakistan expand market access, saving $120 million in interest payments. The government ministers are not tired of claiming remarkable growth in GDP during the current government, but the factual position is that the industrial and financial sectors have failed to perform up to the expectations. On another note, the policymakers find it an easy way to borrow from foreign commercial and meet external requirements of the country. As a result, the country is heading toward financial disaster.
Latest SBp review I
LAHORE
DR AftAB AfZAL
www.customstoday.com
n its latest Financial Stability Review for the calendar year 2016, the State Bank of Pakistan has declared the country’s financial sector as stable as risks remained subdued and resilience remained intact during the calendar year 2016.The analytical review sees improvements both in the financial and non-financial sectors, but points out that low to moderate level risks in the shortto medium-term could emerge. However, on its part, the State Bank is required to strengthen its regulatory and monitoring framework, improve its efficiency, ensure transparency in
payment system, and reinforce corporate governance regime for a better outlook for the current financial year. The report expects positive outlook of the financial sector for the current fiscal year despite risks and measures are being taken to enhance consumer protection. The Pakistani policymakers should also note that various segments and regions of the world economy are experiencing low economic growth which could have direct impact on the exports and imports of Pakistan. It should also be noted that Pakistan is close partner of the Gulf Cooperation Council and political turmoil in Syria, recent tension between Qatar and other gulf countries as
well as change of business rules by the new administration of the United States will have negative impacts on the business and trade in Pakistan. It is yet to be seen how the central bank will react to the recent changes in the world financial order as Britain has already parted ways with the European Union. If the non-state actors are active in terrorist activities, the financial terrorists are also active to damage the national economy. The recent fall in Pakistani rupee should be an eye opener for the government which had failed to curb such elements at the initial stage. The depreciation of the rupee would bring the gains of the economy down to
earth and it necessary for the central bank, Finance Division and all related government departments to work in tandem to safeguard the financial interests of the country. The government is expecting a conducive macro-financial environment to keep inflation at the lowest ebb and exchange rates at stable position. The economists hope the government would also put moratorium on acquiring loans from the international financial organizations. All the financial and economic matters depend on the policies and visions of the leadership and it is hoped Finance Minister Ishaq Dar will do all his best to keep the financial order intact.
7
www.customsbulletin.com
Saudi Arabia introduces new tax for expatriates Friday July 14, 2017
World
BERLIN: Customs officials in Germany have a warning for holidaymakers keen to bring home souvenirs and other kitsch: Coffee mugs with Hitler’s portrait, swastikas and other Nazi-related symbols are strictly prohibited. A 39-year-old man was caught with 13 such dubious mugs in his luggage at Dusseldorf airport, and a criminal case has been launched against him. The cups will be destroyed after the investigation. It was likely that the man was not a right-wing extremist. He was merely amused by the mugs. The use of such anti-constitutional symbols, including their importation, is punishable with a fine or up to three years in prison.
more than 200kg of drugs, phones found in uk prisons
cBp seizes 72 pounds of liquid methamphetamine EL PASO
cuStomS BuLLetIN RepoRt www.customsbulletin.com
LONDON
cuStomS BuLLetIN RepoRt www.customsbulletin.com
U
T
he current state of prisons is “unacceptable”, the justice secretary has said, as it emerged more than 200kg (400lb) of drugs and 13,000 mobile phones were found in jails last year. David Lidington, who took over as justice secretary after the election, acknowledged there is a raft of problems in the prison estate from high levels of contraband to poor security and self-harm among prisoners. The justice secretary also admitted that prisons were not taking on the recommendations of inspection reports quickly enough. “I don’t dissent from the view of what the chief inspector of prisons has described as an unacceptable state of affairs. There is also too much self-harm in prisons which means we need to deliver better mental health care than
customs officer nabbed for seeking uS$10,000 bribe he Malaysian Anti-Corruption Commission (MACC) has arrested a Customs Department officer for allegedly demanding bribes from a company recently. The 53-year-old man was picked up at a bus station in Bintulu, Sarawak at 10.32pm yesterday. A source said MACC received a report on the man’s activity which involved thousands of ringgit to facilitate the exportation process of ‘piping and associated facilities’ overseas. “The MACC has met with the representative of the company and it has been revealed that the man had demanded for USD10,000 (RM42,985) to accelerate the exportation of the items,” he said. The officer has been remanded until Wednesday. MACC deputy chief commissioner (operations) Datuk Azam Baki when contacted confirmed the arrest. –CB Report
T
we do at the moment,” Lidington told the BBC’s Andrew Marr Show. He insisted some of these issues stretched back to previous governments. But challenged about the cuts to 7,000 to frontline prison staff under the Conservatives over the past seven years, Lidington said: “We need to get numbers up I do not disagree with that, but we need to do other things too, get better at detecting il-
legal drugs and mobile phones and using some of our capital programmes to close antiquated Victorian prisons and have new prisons that are easier to manage.” The haul of contraband, which also included 7,000 mobile phone sim cards, illustrates the scale of the challenge facing prison ofMicers who have had to cope with staff cuts and increased violence over recent years.
maersk says too early to predict financial impact of cyber attack
M
aersk said it was too early to predict the Minancial impact of last month’s global Petya cyber attack that hit the shipping giant’s computers and delayed cargoes, but added that normal operations had resumed at its ports. A.P. Moller-Maersk, Danish owner of the world’s biggest container shipping line, operates 76 ports via its APM Terminal division and was one of the many Mirms hit by the ransomware virus along with Rus-
sia’s Rosneft and advertising agency WPP. For the shipping sector, this was among the biggest-ever disruptions given Maersk handles one out of seven containers shipped globally. “Our Mirst priority has not been to look at the Minancial impact,” Robbert van Trooijen, Maersk’s Asia PaciMic chief executive told reporters on a call. “It is too early to predict what the impact will be on the quarter-two, or potentially the quarter-three result.” –CB Report
S Customs and Border Protection Office of Field Operations officers working at the El Paso port of entry seized 72 pounds of liquid methamphetamine Thursday. The drugs were disguised as bottles of liquid detergent. “Smugglers will try to use everyday items in an attempt to conceal their contraband from the watchful eyes of CBP officers,” said Beverly Good, CBP El Paso Port Director. “The layers of enforcement CBP employs will identify many of these techniques.” The seizure was made just before 11 p.m. at the Ysleta international crossing when a 1994 Ford Econoline with a female driver entered the port from Mexico. A CBP officer performing a primary inspection noted anomalies in the ap-
F
pearance of three bottles of liquid detergent present in the vehicle. A CBP drug sniffing dog searched the vehicle and alerted to the bottles. CBP officers scanned the vehicle with the Z-Portal x-ray system which also identified suspicions with the detergent bottles. The contents of the bottles tested positive for methamphetamine. CBP officers took custody of the driver, a 41-year-old U.S. citizen. She was turned over to U.S. Immigration and Customs Enforcement HSI agents to face charges associated with the failed drug smuggling attempt. In addition to this seizure CBP officers working in the El Paso area made five additional drug busts and recorded three fugitive arrests on a busy Thursday. While anti-terrorism is the primary mission of U.S. Customs and Border Protection, the inspection process at the ports of entry associated with this mission results in impressive numbers of enforcement actions in all categories.
Australia’s business confidence rose or the 24 hours to 23:00 GMT, the AUD declined 0% against the USD and closed at 0.7606. LME Copper prices declined 0.5% or $29.0/MT to $5780.0/MT. Aluminium prices declined 0.3% or $6.0/MT to $1914.0/MT. In the Asian session, at GMT0300, the pair is trading at 0.7613, with the AUD trading 0.09% higher against the USD from yesterday’s close, after Australia’s NAB business conditions index advanced to a level of 15.0 in June, notching its highest level in nearly ten years, reMlecting growing optimism amongst businesses about the nation’s growth prospects. In the preceding month,
the index had recorded a revised reading of 11.0. Additionally, the nation’s NAB business conMidence index edged up to a level of 9.0 in June, compared to a revised reading of 8.0 in the previous month. Meanwhile, the nation’s seasonally adjusted home loan approvals rebounded less-thanexpected by 1.0% in May, compared to a fall of 1.9% in the prior month. The pair is expected to Mind support at 0.7595, and a fall through could take it to the next support level of 0.7577. The pair is expected to Mind its Mirst resistance at 0.7623, and a rise through could take it to the next resistance level of 0.7633. –CB Report
Indonesia`s forex reserves down $1.86b: BI
I
JAKARTA
cuStomS BuLLetIN RepoRt www.customsbulletin.com
ndonesia’s foreign exchange reserves fell US$1.86 billion to US$123.09 billion in late June 2017 from US$124.95 billion a month earlier as banks withdrew foreign currency liquidity to meet needs during Idul Fitri holiday’s,
according to Bank Indonesia (BI). The drop in foreign exchange reserves will be temporary as the banks used the foreign currency liquidity in June 2017 as standby fund, Executive Director of BI Communication Department Tirta Segara said in an official statement released on Friday. “The foreign exchange reserves at the end of June 2017 are still enough to fi-
nance 8.9 months of imports or 8.5 months of imports and government external debt repayments and are still above the international adequacy standard of 3 months of imports,” he said. The central bank believed the foreign exchange reserves will increase in the future as the world’s three leading rating agencies Fitch, Moody’s Service and Standard and
Poor’s have awarded the country an investment grade rating. On the other hand, the global financial market will hopefully help increase the country’s foreign exchange reserves, he said. “The central bank will keep the adequacy of the country’s foreign exchange reserves to ensure the stability of macro economy and financial system,” he said.
8
www.customsbulletin.com
ASO seizes smuggled US diesel generator valued Rs05.9m FAISALABAD: The Anti-Smuggling Organization of Sargodha impounded a foreign origin diesel generator worth Rs05.9million involving customs duty and taxes of Rs01.5million. The ASO team also impounded a carrier vehicle valued Rs01.5million being used for smuggling. Collector Muhammad Sadiq received a tip-off about the said contraband generator. The customs authorities set up a picket under the supervision of Superintendent Javeed Mehmood.
Friday, July 14, 2017
CUSTOMS BULLETIN
Dg Valuation revises customs value of dry battery cell vide VR No 1189/2017 KARACHI cuStomS BuLLetIN RepoRt www.customsbulletin.com
T
he Directorate General of Customs Valuation has revised the customs value of dry battery cell Valuation Ruling No 1189/2017 under Section 25-A of the Customs Act, 1969. The aforesaid Valuation Ruling and Order-in-Revision were challenged before the Customs Appellate Tribunal, Karachi vide Customs Appeal No K-672/2017. The Customs Appellate Tribunal, Karachi set aside valuation ruling of dry battery cells and valuation department also directed to take appropriate measures and issue a fresh valuation ruling in accordance with the principles laid down in Sections 25 and 25-A of the Customs Act, 1969, after giving hearing opportunity to stakeholders. Hence this Directorate General initiated fresh investigation. A meeting with stakeholders was held on 15-06-2017. Importers had been requested to furnish the invoices of imports during last three months showing factual value. Websites, names and e-mail addresses of known foreign manufacturers of the item in question through which the actual current
value can be ascertained. Copies of contracts made / LCs opened during the last three months showing the value of item in question. Copies of sales tax invoices is-
sued during last four months showing the difference in price (excluding duty and taxes) to substantiate that the beneMit of difference in price is passed on to the local buyers.
No documents were submitted in this Directorate General on or even after the said scheduled meetings. Resultantly numerous surveys were conducted for determination of the
customs values. Valuation methods given in Section 25 of the Customs Act, 1969 were followed to arrive at customs values of dry battery cell. Transaction value method provided in Section 25 (1) was found inapplicable owing to wide variation in the values being declared to the customs. Identical / similar goods value methods provided in Section 25 (5) & (6) were examined for applicability to the valuation issue in the instant case which provided some reference values of the subject goods but the same could not be exclusively relied upon due to wide variation in declared values of subject goods. Meanwhile, The Directorate General of Customs Valuation has revised the customs value of uncoated offset paper for writing, printing and photocopying Valuation Ruling No 1190/2017 under Section 25-A of the Customs Act, 1969. Customs values of un-coated offset paper for writing, printing and photocopying were determined vide Valuation Ruling No.827/2016 dated 06.04.2016. It was deemed expedient to revisit the values so as to ensure that the customs values are in line with prevalent prices in the international market. Hence, an exercise was undertaken to re-determine the customs value of the subject goods under Section 25A of the Customs Act, 1969.
marble export stands at $39.46m in July-June 2017, dips 32% PESHAWAR
IRfAN BAhADuR
www.customsbulletin.com
A
bout 58 % people think that lower class bears most tax burden in Pakistan. The Gallup Pakistan has conducted a survey to know the opinion of people about the collection of taxes by the Federal Board of Revenue. The Federal Board of Revenue, in consultation with the Provincial
Revenue Authorities, has stressed the need for increasing the number of taxpayers for which steps have been taken to provide modern technology for the recently established tax collection stations and customs laws enforcement institution. The sources at the Customs House Peshawar informed Customs Today on Tuesday when asked about the most tax paid community in Pakistan that different Web base online services have been introduced by the FBR so far to measure the burden of tax on individual consumers or know which commodity pays how much
tax in any part of the country. An industry is charged with In-
come Tax while Sales Tax has been put on every item which has to be
Published by M S Raza Off# 42, 3rd Flr Gull Plaza M.A Road Karachi, Printed by Dhoom Printing Building No RY/A, 11/6,11/7, Mashoor Mahal,off I.I. Chundrigar Road, Karachi
made at the industry so for the reason Sales Tax has been imposed on products and Inland Revenue Services make the collections, he said. The survey also includes that 30% people said that the middle class bears more taxes. A nationally representative sample of men and women from across the four provinces was asked “is the burden of taxes more on the rich, the poor or the middle class?” In response to this question, 12% said the tax burden is more on the upper class, 58% said on the lower class while 30% said on the middle class.