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pAkIStAN’S FIrSt INDepth NewSpAper oN cuStoMS
Daily
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Karachi, Sat March 25, 2017
ISLAMABAD
M FAIZAN
www.customsbulletin.com
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irectorate of Customs Intelligence and Investigation Federal Board of Revenue Rawalpindi has detected a case of tax evasion and mis-declaration at Air Freight Unit, Benazir Bhutto International Airport Islamabad, allegedly by M/s Zain Enterprises, 50 Aurangzaib Block, New Garden Town, Lahore. According to sources, Customs I&I has detained
the consignment of goods on charges of tax evasion and mis-declaration under Section 25, 32 (1) & (2), 79 and 80 of the Customs Act, 1969 read with rule 108 0f the Customs rules, 2001 notiRied vide notiRication S.R.O. No. 450 (1) / 2001 dated 18.06.2001 punishable under clause (14) of section 156 (1) of the Customs Act 1969 read with SRO 499 (1) / 2009 dated 13.06.2009. The consignment was loaded with 1,228 sets of men’s pant coats, 300 sets of boy pant coats, 52kg buttons for pants coats, 200 scarfs for gents and 25 garments labels (charcoal)
Vol 2, Issue No. 108
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worth Rs 2.09 million. The Customs Intelligence and Investigation has started investigations against the importer and owner of the M/s Zain Enterprises, Abid Mehmood Defence Housing Authority, Lahore Cantt and clearing agent M/s International Business Linkers, Jillaniabad, Oppsite Shaheen Cargo, Benazir Bhutto International Airport Islamabad. The evaded amount of duty and taxes (recoverable) is Rs 1.20 million which includes customs duty Rs 418,718, research and development Rs 104,680, sales tax Rs 444,888, additional sales tax Rs 42,340, income tax Rs 186,853.
DG Valuation revises customs values of USB data traveler vide VR 1082/2017
TFA to simplify customs procedures among WTO member states: Dastgir
PM directs completion of road projects on time
Customs Intelligence impounds Rs5.5m non-duty paid Land Cruiser
PCA unearths another tax scam of Rs 3.09m by M/s Rising Sun Construction
DG of Customs Valuation has revised the customs value of USB Data Traveler/USB | See pAge 02 |
TFAwillimprovecustomsproceduresand othersystemsbetweenthememberstates | See pAge 03 |
Nawaz saidroadnetworkandtransportation projects were vital to economic growth | See pAge 04 |
Directorate of Customs I&I Lahore confiscated Rs 5.5 m NDP Land Cruiser | See pAge 14 |
DGPCAhasunearthedonemoremegatax evasionbyM/sRisingSunConstructionCo | See pAge 16 |