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Karachi, Mon May 8, 2017
FAISALABAD
NAEEM SHEIKH
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he Customs Appraisement has c o l l e c t e d Rs8830.78 million during four months (January-April) of Liscal year 2017 against the set target of Rs7709.82 million. Sources told Customs Today, that Customs Appraisement Faisalabad collected this revenue under the heads of customs duty (CD), sales tax (ST), income tax (IT)
and federal excise duty (FED) during the above said period. According to revenue statistics, the Customs Appraisement collected Rs2284.06 million in the share of customs duty against the set target of Rs 1355.20 million with a increased of 169 percent in Lirst four month 2017. The Collectorate collected Rs 6439.49 million in share of sales tax during the said period against the set target of Rs6082 million with an increase of 106 percent. Faisalabad Appraisement branch collected Rs105.45 million in
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wake of income tax during the said period against the set target of Rs242 million with an increase of 44 percent. The Collectorate collected revenue of Rs1.78 million in share of federal excise duty (FED) against the assigned target of Rs30.62 million with an increase of 6 percent. It is pertinent to mention here that that Deputy Collector Muhammad Rizwan is quite satisfied with the performance of the Collectorate in connection with the revenue collection during the last year.
Faisalabad Appraisement collects Rs8830.78m in four months
Senator Mohammad Ishaq Dar meets ADB, AIIB, JICA Presidents
Exports can increase if Pak-Iran ties are normalized: Dr Saeed Jadoon
Gold worth Tk125m seizes at Dhaka Airport
‘FBR chairman for focusing on unrecovered revenues’
The Customs Appraisement has collected Rs8830.78 million during four months | SEE pAgE 01 |
Dar who is in Yokohama Japan had a number of meetings on sidelines | SEE pAgE 02 |
Pakistani export can increase if Pak-Iran bilateral relations are normalized | SEE pAgE 04 |
The preventive team of Custom House Dhaka has seized 2.5kg of gold | SEE pAgE 07 |
The customs Quetta collectorate as well as other model collectorates of the country | SEE pAgE 08 |
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19 Ramzan bazaars, 80 fair price shops to set up for citizens FAISALABAD: City district government has decided to set up 19 Sastay Ramzan bazaars during the month of Ramzan ul mubarak in various parts of the district to provide essential items to consumers on controlled prices. A spokesman of the city district government said here Thursday that fruits, vegetables, pulses, flour, sugar and other kitchen items would be available on subsidized rates. Various departments/authorities including Agriculture, Waste Management Company, Parks & Horticulture Authority, Utility Stores Corporation, Livestock, Agriculture Extension, Labor, Market Committee, Water & Sanitation Agency.
Monday May 8, 2017
Business
Dar meets ADB, AIIB, JIcA presidents YOKOHAMA
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inance Minister, Senator Mohammad Ishaq Dar who is in Yokohama Japan had a number of meetings on sidelines of the 50th annual meeting of the Asian Development Bank (ADB) which started. According to press statement issued by the Ministry of Finance, the minister met with the ADB President and briefed him about the economic performance and achievements of Pakistan and government’s policies to enhance growth while reducing budgetary deLicit. The Finance Minister highlighted that due to effective steps
Sc rejects SEcp, SBp officials for panama JIt ISLAMABAD
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taken by the government, the GDP growth rate was at an eight years high in FY 2016 i.e at 4.7% whereas the fiscal deficit had been
railways earns rs10585.9m from freight sector in 2015-16
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he Supreme Court has rejected the names of representatives put forward by Securities and Exchange Commission of Pakistan (SECP) and State Bank of Pakistan (SBP) for the Joint Investigation Team. The apex court also summoned the governor of the State Bank of Pakistan and chairman of the SECP to court on Friday and remarked that the three-member bench would decide the officials to be included in six-member JIT.
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reduced by more than half i.e. from 8.8% to 4.6%. The Finance Minister highlighted that these achievements in economic growth had
been achieved despite Pakistan waging war against terrorism which had cost more than $3billion for security operations in last three years alone. He said that Pakistan has setup the Pakistan Development Fund for the development of critical infrastructure and hoped that ADB would strengthen its support for such an important initiative. President ADB lauded Pakistan’s efforts and stated that there was wide spread recognition of government’s success in turning the economy around. He said that improvement in economic fundamentals greatly assures the international investors and donors alike and now it was expected that more foreign direct investment would flow towards
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KARACHI
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akistan Railways revenues earned from Freight sector have reached Rs10585.9 million in 2015-16, showing a reasonable 81 per cent increase as compared to four years back. During year 2012-13, the revenues earned from freight sector were Rs1984.8 million. The freight operation in 2012-13 had almost come to a grinding halt with less than one train per day from Karachi Port
which has increased at an average of 10 trains per day in 2016, sources in the Ministry of Railways said. Giving details, the beneLits achieved through induction of new locomotives in railways, they said availability of locomotives has increased 62 percent as before induction of these, the daily available locomotives for operational purpose were 180 which is now 293 daily per average. The sources further said punctuality of mail express trains has been improved tremendously and added during 2013 there were total 90 Passenger Trains operational which increased upto 106
in 2016. Pakistan Railways will start new passenger train very soon which includes Kohat Passenger to run between Rawalpindi and Kohat, Harnai Passenger to run between Sibi and Harnai and Mehran Express from Karachi to Mirpur Khas, they added. They said that apart from that Jaffar Express has been extended from Rawalpindi to Peshawar. During Linancial year 2012-13 revenue earned from passenger sector was Rs. 13,536.130 million, the sources said and added on the induction of new locomotives and steps taken by the government.
rs87,155m released for NHA under pSDp till date ISLAMABAD
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he government has released Rs 87,155 million for National Highway Authority (NHA) under the Public Sector Development Programme (PSDP) till date. An official said 22,000 million allocated for Hakla-D I Khan Motorway out of which Rs 15,400 million had been released so far. Moreover for land acquisition, affected properties compensation for construction of the project Rs 1770.640 million had been allocated out of which 1408 million had been released. For widening and improvement of Hoshab-NagBasima-Surab Highway Rs 4,000 million had been allocated and released. For construction of 118 km ThakotHavelian Expressway construction Rs 600 million had been released while Rs 1771.600 million for Land acquisition of the project. Rs 1110 million had been released for construction of Burhan-Havelian Expressway (E35).For the construction of SialkotLahore Motorway a total of Rs 4,000 million had been allocated and released. For Basima-Khuzdar section of China Pakistan Economic Corridor, Rs 4,400 million had been released. A sum of Rs 27,224 million had been released for Lahore-Abdul Hakeem Section (230 km) of Karachi-Peshawar Motorway (PKM).
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‘Mechanism being improved to ensure products quality standards’ KARACHI
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he monitoring mechanism of Pakistan Standards and Quality Control Authority (PSQCA) is being improved through surprise visits, enhanced market surveillance and regular quarterly inspection of plants. The Authority has been satisfactorily performing its functions, however, in order to make it more effective, some
initiatives have been undertaken which also included a Mobile Testing Laboratory, functional at Karachi while similar laboratories have also been planned to be introduced in all major cities of the country. Sources at Ministry of Science and Technology (MoST) while highlighting the steps on Wednesday said Foreign Manufacturer License Scheme (FML) has also been proposed to beneLit importers by reducing clearing time at point of import. The proposal is un-
der active consideration. The sources said other steps included signing of MoUs with counterpart International Organizations for enhanced credibility and mutual recognition, with a view to facilitate exporters was also part of the measures, up-gradation, in terms of equipment and qualiLied manpower, of PSQCA Testing Laboratories and increasing number of Accredited Tests, process of hiring of merit based qualiLied manpower against vacant posts which is in hand.
The sources said amendments in PSQCA Act are being proposed to ensure improved governance. The proposed amendments, interalia, include re-constitution of BoD reconstitution of advisory council/Executive Committee, Enhancement of Penalties etc. and added re-structuring of PSQCA has also been proposed in National Quality Policy (NQP), to meet the best international practices. The sources said presently, 103 items are included in mandatory scheme of PSQCA, out
of which 37 are food items. The Bottled Drinking Water, Natural Mineral Water, Banaspati (Ghee) and Oil also fall under list of mandatory items of PSQCA. The sources said PSQCA has constituted market surveillance teams in different regions of the country which are actively working on subject matter and taking appropriate steps including seizing of plants on observation of non-compliance to the requisite Quality and Safety Standards of mandatory items.
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QUETTA
tArIQ DErYA
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akistani export can increase if Pak-Iran bilateral relations are normalized. The Trade Development Authority of Pakistan (PDAP) must develop close liaison for industrialization and export of indigenous goods to Iran. Iranian meat requirement is about worth $1 billion per year. Meat plants may be established at Quetta and Taftan for export of meat to Iran and Gulf. Cattle farming may also be set up in the bordering areas with Iran for generation of foreign exchange. This was stated by Collector Quetta Dr Saeed Jadoon while giving an interview to Customs Today. The Model Customs Collectorate of Quetta exceeded its assigned revenue target of all duty and taxes with the collection of Rs1400.00million during April of Financial Year 2016-17. The collectorate was assigned revenue target of Rs1398.00million under the same head for above said month. He said the performance of Quetta Collectorate is brilliant by exceeding all the duty taxes for entire Linancial year (July to June 2016-17). The anti-smuggling efforts have also been accelerated resulting
in increase of revenue and seizures. He said the collectorate showed increase in revenue because ports’ clearance is enhancing day by day. He added that the revenue performance is also exceeding. Smuggling through trucks and buses has almost ended, he said. The collector said
due to improvement in policies to stop the smuggling trends, effective checks on clearances at customs stations import/export have also increased. Reinvigorated enforcement efforts with Frontier Corps and police, smugglers have been forced to conduct legal import/export through customs stations. Explaining the details of revenue collected during the month of April FY-16-17, he said the Quetta Collectorate generated Rs557.00million income against the assigned target of Rs513million under the head of customs duty. He further said the MCC Quetta received Rs597.00million sales tax whereas the collector said the collectorate got Rs33.00million against the assigned torate target of Rs15.00milc e l l o sc m o lion of Federal Excise d t e s n u odel c s assig t Duty. During above i d e th e M d n ceed x a said period, the MCC e y t a t du et of all Quetta earned of Q u t e f g r o e ta ion t u c R s 2 1 3 m i llion n e l e l v co re ril of h the against the assigned t p i A w g s in taxe target of Rs170miln dur millio 0 0 . lion under the head of 6-17 0 1 0 0 4 2 1 r a rs With Holding Tax for cial Ye finan the month of April.
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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
potentials of pak-Iran trade
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ccording to newspaper reports, the consul general of Iran has expressed the desire to enhance trade between Pakistan and Iran up to $5 billion per year. In an official meeting of the Pak-Iran Joint Chambers of Commerce,he informed that efforts are being made to set up a joint banking system to boost trade activities.Earlier, the State Bank of Pakistan had signed an agreement with central bank of Iran to establish a mechanism to facilitate financial transactions between the two countries.A system of formal banking channels will not only facilitate economic cooperation between the two sides, but will also pave the way for Iran to join China Pakistan Economic Corridor.Pakistan and Iran are not only two brotherly neighbouring countries, but also intermingled with historical, cultural and linguistic strings and both should have joined hands to set up a practically and viable trade mechanism for the benefit of the two countries. It is unfortunate that the leadership of Pakistan could not extend a hand of cooperation to Iran as a big country. Instead of finding any positive and common grounds to enhance business and trade, the Pakistani leadership blindly followed the cue given to it by Arab countries in the Gulf. As a matter of fact, Pakistan should have cordial relations both with Iran and Arab countries and a balanced approach is the only option. At a time when business is the priority for every nation, relations with one country should not be maintained at the cost of the other country. Iran is an immediate neighbor and both Pakistan and Iran can benefit from each other through trade, business and economic cooperation.It is also highly unfortunate that both the countries, despite close affinity, could not established banking channels to stimulate trade activities. The lack of official channels have boosted illegal trade between the two countries. Iranian diesel, petrol, ceramic items and plastic granules are frequently smuggled into Pakistan and the customs department has to assign extra staff and spend hundreds of man-hours to control this menace. If legal trade is increased, it will not only bring positive changes on diplomatic fronts, but will also bring financial gains for the two countries.
warning from IMf A
LAHORE
Dr AftAB AfZAL
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ccording to newspaper reports, the International Monetary Fund has warned the oil importers, including Pakistan, of possible increase in the oil prices in the international market which could create balance of payment problem, undermine consumption, increase fiscal risks, and worsen external imbalances in their respective countries. The reports believe the oil importing countries will have to pay 30 percent more in 2017 than the last year and it can shake the economic stability in certain countries. However, the fund hopes the downside risk
would be partly offset by higher remittances sent by Pakistani expatriates from abroad. The report says that low oil prices and reduced subsidies proved to be beneficial for Pakistan and other countries as savings from low oil bills allowed them to spare funds for the development of infrastructure, improve healthcare system, and spend more on social sectors. The IMF warns that the possible increase in oil prices will render it difficult for the countries to maintain their spending as usual. The low oil prices enabled Pakistan to reduce fiscal deficits and improve the business climate.Besides, the local and foreign investment has spurred growth in the country. The fund predicts four percent
growth in 2017 in the region from 3.7 percent in 2016.The regional growth will further increase to 4.4 percent in 2018. There will be grave effect of oil imports on the economies, which can only be offset by streamlining the financial and business affairs. Most of the countries are facing lethargic official attitude as officials want to maintain status quo for the benefit of their personal affairs. But the emerging circumstances and situations are screaming for urgent reforms. All the economic sectors are interconnected and heavily influence one another. Bad performance in one sector can affect the whole economy as was happened in Pakistan due to weak cotton production last
year.Pakistan’s exports are nosediving, creating a severe balance of payment problem. The shortage of energy is adding insult to injury. Pakistan also needs funds for debt servicing and increase in the oil import bill will have adverse effects on the spending in the social sectors. The country also needs to rid itself of the lossmaking public entities which are eating out the hard-earned taxpayers’ money. The economy of Pakistan is facing hostile neighbor and challenging environment in the international market. The finance minister is ready to present annual federal budget this month, and it will require careful policies and prudent allocation of funds to keep the economy stable in the emerging situation.
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Japan ready to revive TPP deal without U.S. Monday May 8, 2017
World
TOKYO: Japan is ready to relaunch the Trans-Pacific Partnership (TPP) minus the United States in a dramatic shift of position that could bring the huge trade deal back from the dead. According to officials who work on trade, Tokyo is now ready to proceed without much change to the existing TPP text, a big departure from its previous reluctance to expose Japanese farmers to a surge of agricultural imports without offsetting ease of access to the US auto market. The decision could be a huge boon to non-US food exporters such as Australia and change the dynamics for trade deals in Asia by offering an alternative to the Regional Comprehensive Economic Partnership (RCEP).
gold worth tk125 million seizes at Dhaka Airport
Japan provides $3.6m uSD grant to Afghanistan KABUL
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DHAKA
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he preventive team of Custom House Dhaka has seized 2.5kg of gold worth Tk125 million from a passenger at Shahjalal International Airport in Dhaka. Dhaka Customs House Assistant Commissioner (Preventive) Ahsanul Kabir said: “Azizur Rahman, 30, of Chittagong arrived in Dhaka on Thursday from Muscat via Chittagong, on Regent Airways Llight RX 0724. Ahsanul said: “Based on a tip off, we searched Azizur at the airport’s arrival lounge and found 22 gold bars hidden in the lining of his pants. “From a primary interrogation, we learned Azizur had collected the gold bars during the Llight from Chittagong to Dhaka.” Quoting Azizur, Ahsanul said a man gave him the gold to have them delivered in Dhaka.
oMr250m oman resort deal signed n agreement has been signed by the Ministry of Tourism in Oman for Al Nakheel ITC development in Barka. The OMR256 million development includes three hotels, hotel apartments, 1436 residential units, a shopping mall, a traditional souk, an international school, restaurants, an aqua water park, and other entertainment and service facilities. Commenting on the launch of the development, His Excellency Ahmed bin Nasser al Mahrizi said that the agreement is a direct translation of the role the private sector is playing in the implementation of the Sultanate’s tourism strategy of 2040. “Over the past few weeks we have witnessed the signing of a number of agreements with various private sector companies to develop new ITCs, each of which will provide with a variety of modern accomodation and tourism facilities for both tourists and locals. –CB Report
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“However, he claims that he does not know the name and details of the person who gave him the gold bars,” Ahsanul added. A case has been lodged with the airport police station regarding the matter. Meanwhile, A Chittagong court yesterday placed eight persons on a
two-day remand each in a Yaba smuggling case. Mozaher, the alleged kingpin of Anwara-based Yaba syndicate, are among them, said court sources. The court passed the order after the accused were produced before it with a seven-day remand prayer, said the prosecution.
Declining cargo revenue Q1 story for IAg and Af-KLM
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eclining cargo revenue was the story for Llag-carriers on both sides of the Channel, as Air France-KLM and IAG released Lirst-quarter results for 2017. AF-KLM’s cargo revenue fell 5.4%, year-on-year to €504m ($550m). At IAG, the decline over the three-month period was smaller, albeit from a lower starting point, dropping 2.3% to €256m. Attempting to tackle dwindling volumes, the Franco-Dutch group
reduced capacity by 1.1%, including a significant 14.8% cull of its freighter fleet. However, while this mitigated much of the drop, volumes fell beyond this year-on-year, by 1.3% to 272,000 tonnes. Conversely, IAG increased cargo tonne km 3.6% compared with 2016, but only managed to pull in an additional 0.6% tonnes of cargo to take it to 171,000 tonnes. For IAG, the period to March marked a second successive year. –CB Report
he Japanese government has agreed to provide the Afghan government with $3.6 million USD in aid a move sealed on Sunday in Kabul after the agreement was signed between the Japanese ambassador to Kabul and the Ministry of Foreign Affairs (MoFA). Deputy foreign minister for political affairs Hekmat Khalil Karzai said the aid package will be invested in education, procurement and infrastructure projects. “Japan government’s aid will be spent on procurement, education and infrastructure and rural development projects. In addition to project based funds, Japan has provided lots of aid to Afghanistan,” said Karzai. Mitsuji Suzuka, the Japanese ambassador to Kabul did however call for the money to be
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invested in a transparent manner by the Afghan government. “I strongly hope and urge that the government of Afghanistan makes the best use of Japan’s contribution to strengthen its capacity in an efLicient manner,” he said. According to the ministry of foreign affairs, Japan has provided capacity building and education opportunities to more than 4,000 government employees over the past few years and also granted 750 scholarships to Afghan students. Foreign ministry ofLicials also said Japan has given $6.4 billion USD to the Afghan government, used in different Lields, over the past 15 years. Meanwhile, Sayed Ahmad Shah Sadaat, acting Minister of Communications and Information Technology (MoCIT), on Friday said a Liber optic cable network project will connect Afghanistan to China through Wakhan port. He said once the project has been launched, Afghanistan stands to earn up to $60 million USD annually by being a conduit for China’s data to countries around the world.
Singapore signs tax treaty with Latvia
ingapore and Latvia have signed a protocol to amend their tax treaty, Singapore’s Inland Revenue Service has announced. The agreement, signed April 20 in Washington DC, would reduce to zero the withholding tax on dividends and interest where the beneLicial owner is a corporation. The withholding tax on royalties is reduced from 7.5 percent to 5 percent. The protocol also lengthens the period for determining the presence of a permanent establishment. The countries’ existing tax treaty has been in force since February 2000. The new protocol is not yet in force. To
enter into force it must be ratiLied by both counties. Meanwhile, About 750 kilogram of chewing tobacco and a total of 6,470 cartons of non-duty paid cigarettes were seized by the Immigration & Checkpoints Authority (ICA) ofLicers at the Woodlands Checkpoint in two separate incidents last week. In the Lirst incident last Friday, a 47-yearold Malaysian man drove his Malaysiaregistered lorry to the checkpoint. Checks by ICA ofLicers found 3,448 cartons of duty-unpaid cigarettes and 74,940 sachets of chewing tobacco, weighing approximately 750 kilogram, concealed among a consignment declared as wardrobe sets. –CB Report
ooredoo Q3 profit falls 51% on Iraq, forex losses
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BAGHDAD
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atari telecom operator Ooredoo reported a 51 percent fall in third-quarter net proLit on Sunday. The earnings of the former monopoly, which operates in about a dozen territories across the Middle East, Africa and Asia, have been
hit from mid-2013 by foreign exchange losses and plunging earnings from Iraq, although a strong domestic performance has helped mitigate the impact. After a period of volatile profitability, the Lirm had reported rising proLits in the previous four quarters. Ooredoo made a net proLit of 370 million riyals in the three months to Sept. 30, it said in a statement, com-
pared with a proLit of 755.8 million riyals in the year-earlier period. The average forecast of three analysts polled by Reuters was for a quarterly proLit of 499.3 million riyals. Ooredoo’s consolidated third-quarter revenue was 8.35 billion riyals, versus 8.16 billion riyals a year ago. In Qatar, the company’s nine month net proLit rose 2 percent to 1.6 billion riyals. In Iraq, where parts of
the country have been under the control of militant group ISIL, Ooredoo unit Asiacell made a nine-month proLit of 79 million riyals, down 48 percent from a year ago. Meanwhile, The Qatari owners of Banque Internationale a Luxembourg are considering a sale of their controlling stake in the private bank, which could fetch about $1.5 billion, according to people familiar with the matter.
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Mianwali ASO seizes smuggled HDPE pipes MIANWALI: The Customs Anti Smuggling Organization (ASO) Mianwali has seized foreign origin non duty paid HDPE pipe 2240 kilograms with carrier vehicles. The appraised value of the smuggled items is Rs31,40,000 involving duty and tax worth Rs7,43,520. Sources told Customs Today, that Deputy Collector Muhammad Rizwan received a tip off that some items are being brought into the country without paying custom duty and taxes.
Monday, May 8, 2017
CUSTOMS BULLETIN
fBr chairman Dr Irshad for focusing on unrecovered revenues QUETTA tArIQ DErYA
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he customs Quetta collectorate as well as other model collectorates of the country must focus on unrecovered revenues and speed up efforts to get them to meet the assigned target for current month April 2016-17 as well as the assigned target for fourth quarter (April to June) of Financial Year 2016-17. According to Dr. Saeed Jadoon, Collector Quetta, Chairman FBR mostly talked on enhancement of efforts to meet the upward revised revenue collection targets for next quarter adding that June’s revenue target always looks difLicult but Quetta has already collected enough revenue collection to chase the June FY2016-17 target. The collector said the MCC Quetta has collected Rs11.9million during Lirst nine months against the assigned target of Rs15.4million for the whole Financial Year FY2016-17. He fully hopes that Collectorate of Quetta will surpass the given revenue target with an amount of Rs15.5million. He said the Quetta Collectorate had already surpassed the assigned rev-
enue collection targets till month of March FY16-17 under the heads of
Sales Tax, Customs Duty and Income Tax. He said the chairman, during
his video conference, asked the Inland Revenue Service (IRS) to be-
have with the Lilers politely whereas pursue the non-Lilers strictly.
SHc extends order on restoration of Str of M/s Ship Masters KARACHI
M B rANA
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he Sindh High Court (SHC) extended an interim order on the restoration of petitioner’s sales tax registration for further two weeks and directed the tax department to decide the matter according to the law on a constitutional petition filed by M/s Ship Masters seeking
restoration of its sales tax registration suspended by tax authorities. A two-member bench, headed by Justice Aqeel Ahmed Abbasi, was hearing the petition. During the hearing, court disposed of this petition with the direction that interim order further continued for two weeks however petitioner will not be entitled to claim any adjustment or refund. The court also directed the Commissioner Inland Revenue Regional Tax Office-II to issue show cause notice to petitioner regarding the sales
tax’s registration and petitioner may file a proper reply and after given fair opportunity, said respondent may pass order according to the law. On the last date of hearing, no one was in attendance on behalf of respondents despite service of court notice in the office of the CIR RTO-II Karachi whereas no intimation was received. The counsel for the petitioner had submitted that the petitioner is facing hardships and serious financial crises in view of such illegal suspension of sales tax registration whereas
no notice has ever been served on the petitioner in terms of section 21 of the Sales Tax Act1990. The petitioner further contended that no penal proceedings whatsoever are pending against the petitioner in respect of his taxable activities which have come to a halt on account of illegal suspension by the respondents with effect from 13th of June 2013. It has been prayed that interim relief may be granted. During the hearing, assistant attorney general requested for further time to seek instruc-
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tions and file comments on behalf of the respondents. After the hearing, court had suspended the operation of suspension of Sales Tax registration of the petitioner and directed the respondents to file their para-wise comments on the next date of hearing. Citing Chairman Federal Board of Revenue (FBR), Commissioner Inland Revenue Regional Tax Office-II as respondents, the counsel for the petitioner pleaded with the court to kindly restore its Sales Tax registration immediately.