Saturday, 17 March 2018

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PAKISTAN’S FIRST INDEPTH NEWSPAPER ON CUSTOMS

Daily

ABC Certified

Karachi, Sat March 17, 2018

ISLAMABAD

M FAIZAN

www.customsbulletin.com

F

ederal Board of Revenue Member Customs Muhammad Zahid Khokhar has stated that he has ordered the chief collector Karachi to investigate the scam of misuse of green channel facility at the Port Qasim and report back to him. During an exclusive interview with Customs Today, the FBR Member Customs disclosed that China Tax Administration has agreed to provide the data of exports to Pakistan through their ports and borders. In this regard, he said that the Electronic Data Interchange (EDI) agreement between China and Pakistan will be implemented from the next month. The Pakistan Customs has been showing tremendous per-

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formance for the last many months and its revenue has increased more than 27 percent. He said that that he is quite optimistic that the department will achieve the revenue targets of the current Qinancial year (20172018). He said implementation on Electronic Data Interchange agreement is big success of Federal Board of Revenue, and the EDI system will start functioning from 2nd April. He warned that the importers, who were involved in under-invoicing and mis-declaration or were involved in replacing the goods in connivance with a few black sheep of the department, would have no room for malpractices after 2nd April. He said that after the implementation on EDI the issues of mis declaration and under invoicing will be solved. He said we have estimated but it is not Qinal Qigure that FBR can get Rs.150 to 200 billion in terms of additional revenue.

Zahid Khokhar orders probe into misuse of green channel facility at PQ

Customs Export recovers evaded duties, taxes of Rs 13.58m from defaulter cos

FBR lauded for all time higher revenue collection of Rs4 tr by end of fiscal year

Philippines seizes hundreds of smuggled animals

Customs Intelligence seizes smuggled hashish, electronic items, medicines

Zahid Khokhar has stated that he has ordered the chief collector Karachi | SEE PAGE 01 |

Customs Export has recovered evaded duties and taxes of Rs 13.58 million | SEE PAGE 02 |

FBR was lauded for setting new historical records by achieving ever higher revenue | SEE PAGE 05 |

Authorities seized on hundreds of exotic animals smuggled into the Philippines | SEE PAGE 07 |

Customs I&I has seized a huge quantity of contraband items including hashish | SEE PAGE 08 |


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Saturday, 17 March 2018 by customs bulletin - Issuu