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pAkIStAN’S FIrSt INDepth NewSpAper oN cuStoMS
Daily
Vol 1 Issue No. 190
Karachi, Thu October 1, 2015
ISLAMABAD
M FAIZAN
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ederal Board of Revenue Chairman Tariq Bajwa has decided to hold weekly telemeetings with high ups of all Oield formations in order to ensure the achievement of revenue targets for the Oiscal year 2015-16. Sources said that chairman through tele-confer-
Price Rs. 14.00
ence will discuss the strategies and review the performance of subordinates on weekly basis. The Information Technology wing of the FBR has been assigned the task to arrange the online meetings; the sources said ,adding that now high ups of field formation could get instructions and orders in any matter online instead of writing a letter to headquarters. The main purpose of it is to monitor the performance of department directly.
Collector Sarfraz to take disciplinary action against absent employees
Suspects in US Army reverse cargo case refuse to appear before Collector
IMF okays 8th tranche of $504.8m for Pakistan
Export Intelligence Branch being revamped for capacity building
119 direct, indirect taxes hampering economic activities in Punjab: LCCI
The MCC Multan has decided to take stern action against those employees | See pAge 02 |
The US Consulate General Karachi, and other nominated accused of the US Army | See pAge 03 |
The IMF has approved 8th instalment of 500m dollar loan | See pAge 04 |
The EIB of the MCC Exports, Custom House is under process of revamping | See pAge 12 |
SVP of the LCCI Mian Nauman Kabir demanded of the govt to bring down | See pAge 09 |
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Quetta Customs seizes smuggled fertilisers worth Rs 12m Thursday, October 1, 2015
National
KARACHI: The Directorate of Customs Intelligence and Investigation Quetta has conďŹ scated a huge quantity of smuggled fertilisers during a crackdown. According to the sources, Customs director Iqbal Bhowana received a secret information after which he formed a raiding team in Pasni area. During checking of two trucks and a van, the raiding team found 1745 sacks of smuggled fertilisers. After investigation, it was revealed that the fertilisers was being smuggled to Afghanistan. The market value of seized fertilisers is Rs 12 million. Customs authorities arrested three suspects from the scene and started investigations.
collector Sarfraz to take disciplinary action against absent employees
KARACHI
MULTAN
MuhAMMAD YouSAF
IMrAN ALI
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he Sindh High Court (SHC) on Tuesday allowed the petition of an importer of cellular mobile phones, declaring the show-cause notice issued to it by the Federal Board of Revenue (FBR) for payment of Rs 130.58 million additional taxes unlawful. Justice Sajjad Ali Shah, who headed a division bench, announced the verdict disposing of the petition filed by Digicom Trading (Pvt) Limited against t he FBR for demanding additional taxes. The petitioner, importer of cellular mobile phones under the brand name Q Mobiles, submitted that it had paid sales taxes on its various consignments at import stage under the SRO 460(I)/2013. Nevertheless, it was issued a show-cause notice dated May 28, 2014 for payment of additional taxes amounting to Rs 130. 58 million. Through the show-cause notice, the counsel for the petitioner said, the FBR authorities have demanded one percent additional tax under the Finance Act in addition to sales tax paid by the petitioner. The petitioner had discharged its liabilities at the import stage, whereas, the sales tax on the supply stage is to be deducted and paid by the company on every new sale or activation of SIM card, argued the counsel.
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he Model of Customs Collectorate Multan has decided to take stern action against those employees who ignored the directions of the Federal Board of Revenue (FBR) prior to and after Eid holidays. Collector Sarfraz Ahmad Warraich has decided to take strict disciplinary action against those employees which are still absent from their duty after the clear directions from the Federal Board of Revenue. Customs operations are disturbed very badly due to non-availability of substitute for the accomplishment of their assigned task. Collector Sarfraz Ahmad Warraich directed Assistant Collector Faizan Badar to present report against those employees who are still absent from their duties after ofOicial holidays. It is learnt that few employees at the Model of Customs Collectorate Multan are still absent from their duties, ignoring the clear cut instructions of the collector and Federal Board of Revenue. Strict action is possible against those employees who are not attending their duties without any reason after Eidul Azha. Collector MCC Multan also checked the attendance register in this regard to ensure their presence at the duties.
Shc quashes FBr’s show-cause notice claiming rs 130m tax from Digicom
All those employees will be informed again and issued explanation notices for their absence from duties after end of Eid holidays. Collector Sarfraz Ahmad Warraich MCC
Multan informed all employees to join their duties in order to achieve the set targets. The Federal Board of Revenue also issued strict guidelines against
those employees who are absent from their duties and their casual leaves were also considered cancel in order to maintain full attendance at the Customs House.
Deadline for filing tax returns for tax year 2015 expires ISLAMABAD
SAJID BAShIr
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he Federal Board of Revenue (FBR) has urged taxpayers to put forward their income tax returns for the tax year (TY) 2015 positively by Wednesday as September 30, 2015 was the last date for the submission of tax re-
turns. In case of failure, the FBR will take actions against the non-Oilers as per rules. The FBR has advised that it is the last chance for the taxpayers to submit their income and sales tax returns for the TY 2015. Regarding this matter, the Regional Tax OfOice (RTO) Multan was crowded with taxpayers on Tuesday as salaried and commercial taxpayers were in great hurry to submit their income and sales tax returns and wealth statements before the last appointed date of the FBR.
To facilitate the tax payers, the RTO Multan has established information counter for the guidance of the tax payers and the representatives of the regional ofOice guide the tax payers regarding shortcomings in their documents and guide them where they have to submit them throughout the day. The salaried persons mostly submit their tax returns individually whereas the industrialists and traders have got the services of the various tax consultants regarding this matter.
It is pertinent to mention that the Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar allowed the FBR to extend the date of Oiling of income tax returns for salaried persons and statements under Section 115(4) of the Income Tax Ordinance 2001 till September 30, 2015 on the request of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), various chambers of commerce, All Pakistan Tax Bar Association and other trade bodies.
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Customs Appellate Tribunal to hear 30 cases on October 6 ISLAMABAD: Customs Appellate Tribunal (CAT) to hear 30 cases of customs related matters when it will resuming hearings at CAT headquarter in Islamabad on October 6. According to details, 25 cases will be heard by CAT Chairman, Ghulam Murtaza Bhatti while heading a Division Bench. CAT Member Technical, Khalid Mahmood was the other member of the Division Bench.CAT chairman would also hold hearing of as many as five cases as single bench. As per the details, same Division Bench would hold hearing of 23 cases on October 7. Meanwhile, single bench, comprising of CAT chairman would hear only four cases on the same day.
FBr establishes facility desk on gt road kharian SIALKOT
Thursday October 1, 2015
National
uS reverse cargo: Suspects in refuse to appear before collector Javed
guLZAr AhMeD
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KARACHI
AFtAB chANNA he Federal Board of Revenue (FBR) Inland Revenue (IR) has established a facility desk on GT Road Khan Plaza at Kharian for collecting duties and taxes. Now the traders of Kharian, Dinga, Kotla and Sarai Alamgir can submit their tax returns in their jurisdictions to ensure transfer of tax collection from this desk on September 30, 2015. Chief Commissioner IR Sialkot Imran Raza Kazmi has said the revenue offices and help desk will remain open on September 30 till 8pm. The FBR has announced that (30 September) is the last day for filling of income tax returns.
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FIA arrests eight blacklisted suspects from Lahore airport LAHORE
M IMrAN MehAr
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he Federal Investigation Agency (FIA) has arrested eight wanted suspects during a crackdown at Allama Iqbal International Airport. According to FIA spokesperson, on special directions of Director FIA Muhammad Usman, the FIA Immigration circle started action against such elements in the province as the Ministry of Interior directed all the departments concerned to take stern action against such criminals who are disgracing the county’s fame. The FIA immigration circle arrested Shabir Ahmad, Haroon Butt, Saghir Mughal, Skindar Hayat and Muhammad Bilal from Lahore Airport while they were trying to flee from the country. The FIA teams found some blacklisted persons in the flights that were ready to take-off.
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he United States Consulate General Karachi, and other nominated accused of the US Army reverse cargo case raised objections and have refused to appear before Collector Adjudication-II Chaudhary Muhammad Javed. The suspects were issued notices but they did not appear before the adjudicating authorities to explain their role in the case. According to sources, after transfers and postings of various ofOicials by the Federal Board of Revenue (FBR), the US Consulate and other accused objected to the posting of Collector Adjudication-II Chaudhary Muhammad Javed. It may be mentioned here that Collector Adjudication-II Chaudhary Muhammad Javed was the person who detected the US Army reverse cargo case at the time when he was holding the post of Additional Director Transit Trade-Karachi, sources added. According to sources, Collector Adjudication, after their objections, written a letter to the FBR, informing it about the objection raised by the nominated accused of the case. “These people (accused) are of the opinion that Chaudhary Muhammad Javed will inOluence the case as the case was prepared by him when he was Additional Director,” the
sources further said. Sources further said that Collector Chaudhary Muhammad Javed requested the board either to transfer the case to the Adjudication-I Collectorate or transfer him so that the much-awaited case of the US Army reverse cargo be disposed of and those involved be brought to justice. Meanwhile, Collector, Customs Collectorate of Adjudication-II,
Adjudication-II collector chaudhary Muhammad Javed was the person who detected the uS Army reverse cargo case at the time when he was holding the post of additional director, transit trade-karachi
’80% who invested in UAE real estate are non-taxpayers’
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s many as 712 people have invested in property projects abroad, while 80 percent of them are non-taxpayers as they have no any national tax number and sales tax registration, it is learnt. Sources said 648 persons invested in a UAEbased project of Damac Properties, while 64 invested in the project of NSHAMA Properties. They said these persons include politicians or their managers/frontmen, brokers, bu-
reaucrats, celebrities and other inOluential people. They said the Directorate of Intelligence and Investigation of Inland Revenue planned a special strategy against transfer of black money from Pakistan to UAE in the garb of real estate investments. The IR-Intelligence raided a couple of exhibitions organised by UAE-bases developers and seized their record. Sources said some name checked are Sadaf lqbal, Ahmad Mujahid, Nasir Ali Rajput, Muhammad Amin, Salman HaOiz, Sadaf Butt, Mustansar Khalid,
Nouman Khan, Muhammad Hany, Tauqeer Hussain, Mian Athar Gul, Syed Basit Kazmi, Fayaz ur Rehman, Nabeel Ahmed Khan, Muhammad Waqar, Muhammad Farhan, lqbal Baig, Parvez Musharraf, Ahmed Karim, Abdul Haseeb, Siraj Kabani, Syed Rehbar Alam, Syed Ali, Mumtaz Ali Akbar, Saif Ansari , Mrs Muoazzam, Muzammil Ahmad, Sardar Saboor Khan, lqbal Baig , Khalid Khan, Rehana Ahsan, Ramzan Ali , Erum Ghazi, Faisal Ghazi, Muneeb ur Rehman, Saqib Hashmi and Arsalan Subhani etc.
Chaudhary Javed has said that the work distribution of his collectorate should be revisited so that workload be equally distributed. During an exclusive interview with Customs Today, the collector said that adjudication collectorate was yet working on the same pattern as it was doing in 2012. “The collectorates was formed in 2012, replacing the PACCS into the Appraisement East, West and Export.
Collectors, deputy collectors resume duty after Eid ustoms House has been re-opened after Eidul Azha holidays and now all officials have started their routine work. Collector, Customs collectorate Islamabad Zeba Hai, Additional Collector MCC Islamabad Waheed Ulaah Marwat, Deputy Collector MCC Islamabad Yawar Nawaz have also resumed their duties.
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Asia markets rebound, Glencore surges after crash Thursday, October 1, 2015
Business
Hong Kong: Asian stocks recovered slightly Wednesday from a mass sell-off in the previous session, with emerging currencies ending a tough quarter on a high but analysts warned of further volatility ahead. Mining giant Glencore almost halved Tuesday´s 30 percent losses after it moved to reassure investors its business remained robust, following rumours in financial circles it might soon be delisted as it is buffeted by weak commodity prices and China´s slowdown. The next focus point is on a speech due to be given by Federal Reserve boss Janet Yellen later in the day.
Secp dismisses rumours regarding market activity ISLAMABAD
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he Securities and Exchange Commission of Pakistan (SECP) has strongly dismissed and discounted reports in the media that due to reference of certain cases to NAB, the stock market has experienced some Oluctuations. In a statement issued Tuesday, the SECP clariOied that NAB has been approached to take punitive action exclusively against those bro-
customs Intelligence officer found dead in Islamabad
kers who embezzled shareholders’ assets and have Oled the country, according to statement issued by SECP. The SECP says that no other case against brokerage houses have been referred to NAB for any regulatory violations. For the purpose, the Chairman SECP recently again met the NAB Chairman to pursue these particular cases of misappropriation. The joint task force comprising senior level ofOicers of SECP and NAB is also expeditiously working on these cases. The SECP Chairman has reiterated his determination to always safeguard the interest of small investors and curtail tenden-
cies to commit fraud. The SECP has urged media to report objectively report the trading activity in the stock market and not to fall prey to unscrupulous elements spreading baseless rumours and harming the capital market through speculations. Meanwhile, Federal Minister of Industries and Production Ghulam Murtaza Khan Jatoi said on Tuesday that his ministry was trying to rationalise the duty on input materials to promote local manufacturing of auto parts. Jatoi while speaking at an event organised by Pakistan Association of Automotive Parts and Accessories
Manufacturers (PAAPAM) said that the Federal Government is committed to enhance the local automotive parts industry. Pakistan’s auto industry is rapidly growing and so is the need for auto parts manufacturing, he said, adding, it is his vision that Pakistan becomes self-sufOicient in auto-parts production. He said that the country has a healthy base of auto-parts manufacturing companies but the number of industrial units should increase, and at the same time it is crucial to incorporate latest technologies in order to compete with other countries.
IMF okays 8th tranche of $504.8m for pakistan
ISLAMABAD
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ody of a missing customs Intelligence officer was found hanging from a tree in the federal capital. Police said that customs Intelligence officer Muzzamal Kiyani, who hailed from Tarlai area of the Islamabad, left for office on Monday morning but did not return home. Police had been searching for him, after the family informed the police about the missing intelligence officer.
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WASHINGTON
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he International Monetary Fund (IMF) has approved 8th instalment of 500 million dollar loan for Pakistan. The tranche was approved by the Executive Board of the International Monetary Fund (IMF) after the IMF completed the eighth review of Pakistan’s economic performance under
a 36-month program supported by an Extended Fund Facility (EFF) arrangement. The Executive Board’s decision enables the immediate disbursement
of an amount equivalent to SDR 360 million (about US$504.8 million), bringing total disbursements to SDR 3.24 billion (about US$4.54 billion).
engro holds grand event to celebrate 50 years KARACHI
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n a grand event organised by Engro, the Company celebrated fifty years since its inception in 1965. Khalid Siraj Subhani CEO & President Engro Corporation, while addressing the media drew parallels between the Company then and now. He stated that what started as a single product Company has now diversified in to a diversified conglomerate with interests in multiple industries. The Company has grown from strength to strength and now employs over 3,800 employees versus less than 100 at the time of its inception. Deeply embedded in the value chains in the industries that the Company operates, Engro maintains a presence in over 300 cities across Pakistan and beyond. Khalid Siraj Subhani who has been an Engro veteran is a prime example of the Company’s strong promote-from-within culture and has served the business in various roles for over three decades. He further highlighted that since its beginning the Company has showcased stellar growth and compared to 1960s has grown approximately 170 times in revenue terms.
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Govt urged to start work on Kurram Tangi Dam LAKKI MARWAT
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ormer MNA Humayun Saifullah has urged the federal government and the Water and Power Development Authority to start work on the Kurram Tangi Dam project and approve
the tenders in this regard as soon as possible. In a statement here on Tuesday, he said that the approval of tender rates would help to start work on the project. He said that the project was essential for the development of southern districts of Khyber Pakhtunkhwa. Mr Saifullah said that the residents of Lakki Marwat and other southern districts had been facing problems in the irrigation and water and power sectors. He said
that the construction of dam would usher a new era of development in the region. He said that the estimated cost of the project would increase if it was delayed. “The Kurram Tangi dam project would make fertile thousands of acres of barren land and meet energy needs,” he maintained. He said that that the government should remove hurdles to launch of work on the dam project. SEVEN HELD: Police on Tues-
day claimed to have arrested seven alleged criminals and seized narcotics during a search and strike operation in parts of the district. A police official said that commandos of the anti-terror squad, elite force and quick response force took part in the operation. He said that hideouts of outlaws were destroyed in Karmukhel, Ahmadkhel, Jhangkhel, Abakhel, Esakkhel, Dallokhel and Gandi
Umar Chikar localities. The official claimed that during the raids six proclaimed offenders identified as Samandar, Ghulam Mashal, Mir Nawaz, Sher Alam, Gul Janan, Imran and Jamshed were also arrested. He said that they were wanted by police in several cases. He said that the police also arrested Hukam Khan and Irfan and allegedly seized hashish and heroin from their possession.
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awalpindi Chamber of Commerce and Industry (RCCI) welcomed the decision regarding the formation of Pakistan Revenue Regulatory Authority (PPRA) for policy making on tax affairs. In an exclusive interview with Customs Today, RCCI President Syed Asad Mashadi said that PRRA will have positive effects on the performance of the Federal Board of Revenue (FBR) and the Pakistan Customs. He suggested that members of authority must be selected on merit and expertise basis. Responding to a query, he said that exports could be raised by tackling energy crisis and poor law and order situation in the country. He said that Afghanistan and Central Asia were exports destinations for Rawalpindi based exporters but infrastructure was needed to be developed. He further said that devaluation
of Pakistani rupee to boost exports was not a rational option and the government must avoid devaluation of the currency. The government must improve state-own entities like Pakistan Steel Mills, Pakistan International Airlines (PIA), PSO, etc; Mashidi said adding that downsizing was short term solution whereas privatization was a long term solution to make these entities profitable and competitive. He said that formation of Pakistan Stock Exchange (PSE) was a positive strategic initiative as it will offer single rate to investors throughout the country. Talking about imposition of 0.3 percent withholding tax on banking transaction, he said that WHT has been levied on nontaxpayers and traders, which must be accepted in national interest. He said Federal Board of Revenue (FBR) should make consultation with trade bodies to explore the untapped potential of taxpayers. He said that economic team of the incumbent government was making pro-business polices,
adding that agreement of Pakistan Economic Corrido a remarkable achievement govt. Govt must devise po for real estate, food proce and IT sector in consul with trade bodies as IT ex potential was yet untapped president said. Mashidi said that RCCI res and development depar regularly advised its mem and business communit product value addition a novation, and conducted nars and workshops for training regularly. “RCCI communicates queries and tax notifica through email, SMS and site. It facilitates its mem to participate in interna trade-cum-business fair expos,� he said. More than registered members of were all genuine taxpayer playing their part in dev ment country, he said a that RCCI has a plan to e lish IT Park in Rawalpin software development an ternet communication.
China or was t of the olicies essing tation xports d, RCCI
search rtment mbers ty for and insemir their
trade ations d webmbers ational rs and n 5,400 RCCI rs and velopadding estabndi for nd in-
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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
tax-free zones need of hour
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he government has claimed that the new 10year bond of $500 million, which the finance ministry has introduced in London, Los Angeles, Boston and New York at coupon rate of 8.25 percent, is twice over subscribed than it was expected. However, the ministry has restricted the bond level at $500 million to cover the maturity of bond in March 2016 which was issued in 2006. The issuance of bonds is not against the norms of economics as even the developed economies opt for this arrangement to generate real-time finances. However, the country like Pakistan is already overburdened with shedload of domestic and foreign loans and the burden is piling up with every passing day. What the government needs to do is to take sold steps to improve trade and industry. The example of Dubai is before us where there is little oil but more business with strong law and order. The writ of the government is visible in every field of life and business is growing despite tax exemptions. That means tax is the source of income, but should not be applied as axe. The nations which are squeezing their people to get more and more taxes are still reeling under poverty and hunger. The government should take such steps which generate business and trade activities and the government will automatically collect huge taxes as dividends at the end of the day. The main problem with the government is the law and order which could not be an issue if large tax-free industrial zones are established under heavy security blanket. Pakistan can offer cheap and skilled labour to foreign investors but the government will have to prove its sincerity and management skills. A campaign “make in Pakistan” is the need of the hour. If security, infrastructure and protection of foreign capital are ensured, the country can enter the economic tigers club in five years. But instead of taking concrete measures, the policymakers find an easy refuge in ad hoc policies and cosmetic steps which not only disturbs tax collection, but also discourage industrial growth. The “make in Pakistan” campaign can attract large scale as well as small scale industries, including automobile and textile sectors. On programming side, Pakistan can build its own silicon valley and can provide economic and management solutions to developing economies at competitive rates. The provinces are now independent with large development funds, but none of the province is able to show outstanding performance in the economic field.
Pakistan 10th least innovative country in world A
LAHORE
Dr AFtAB AFZAL
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ccording to a report issued by the Global Innovation Index (GII), Pakistan stands at 134 among 143 economies which mean it is the 10th least innovative country in the world. The index covers 143 countries and uses a range of themes as well as indicators to scrutinise the entire setup of an economy. Out of 100 indicators, the average score of Pakistan is 24. In the sub-index of innovation output, the country ranks 107 out of 143 with a score of 22.6 out of 100 in 2014. However, Pakistan has improved its previous year’s rank-
ing when it was placed at 137 with an overall score of 23.3 percent. China is at 29 and India at 79 in the index. A survey also reveals that Pakistan has a score of 25.4 in 139 countries placed on the innovation input index, regrettably with low innovative efficiency ratio of 0.9 percent. The scrutiny covers two basic areas of economy — innovation input and innovation output. Innovation input covers the domains of the quality of institutions, human capital, research, infrastructure, market sophistication and business ethics whereas the output covers technological and creative outputs. The score of Pakistan is 40.1 among the indicators that determine the strength of its institu-
tions. There are various indicators to ascertain the strength of institutions in the background of political, regulatory and business environment. The score of the country on political environment is 22.8, placing it at 141 and in political stability; it ranks 143 with zero score. In utilization of the human capital and research, the country has been placed at 139 with a score of only 9.8 out of 100. The country spends only 0.3 percent of the GDP on research and development. The report says that skill development is one of the most important factors to raise intellectual capabilities of human capital and it gives impetus to innovation, productivity and economic
growth. The conventional education system only focuses on testbased academic performance and it least inspires young people in the fields of development, creativity and communication. On the side of basic infrastructure, that country is ranked at 124 with a score of 22.2. In information technology and communications, it scored 19.8 points. As a matter of fact, education system is the basic requirement for development, but this sector is dominated by the colonial legacy — less technological but more clerical. There is no dearth of talent and capacity in the human capital, but we are bent upon destroying every faculty of young generation by various means.
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Duncan Chamber to host monthly community breakfast DUNCAN: The Duncan Chamber of Commerce will host their monthly community breakfast from 6:45-8am Thursday at the Simmons Center. The Chamber’s monthly community breakfasts typically attract more than 100 Chamber members and other community representatives. Each breakfast provides members with the opportunity to network and establish a relationship with other local business leaders while enjoying a community breakfast and an educational program.
Traders ask govt to public actual figure of remittances, money laundering LAHORE
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he traders have urged the government to disclose actual data of remittances and money laundering of last 10 years. All Pakistan Anjuman-e-Tajiran’s Central General Secretary Naeem Mir, in a statement, asked the government to inform the public about money came into the country during the last 10 years, besides releasing the exact figure of corruption amount, transferred abroad through ferries, model girls and other sources and then sent back to Pakistan under the unannounced amnesty of remittances policy. He said: “When traders demand any amnesty scheme government hesitates but highly influential elite class, consisting of both opposition and government, have been provided unannounced amnesty to whiten their black money through remittances by spending just two percent of their total capital.” He said that September 30 is the last date of return filing and Federal Board of Revenue (FBR) should update the taxpayers as to what would be WHT rate on banking transaction after this date. Whether government will continue 0.3% WHT or it would be reverted to 0.6% after the end of September. The Federal Board of Revenue (FBR) is also bound to apprise the taxpayers that how much non-filers have been turned out to be filers in three months (July-September 2015) after implementation of WHT on banks transactions. Naeem Mir said that APAT central committee and other groups of traders will decide the next strategy of protests and strikes in a meeting of October 01. He said that the whole nation is being defrauded in the name of workers’ remittances being sent from abroad which cannot be questioned under the income tax rules section 111 (4) of the IT Ordinance.
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Thursday October 1, 2015
Chambers
IccI signs Mou with economic reforms unit of Ministry of Finance ISLAMABAD
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ecognizing the importance of alternate dispute resolution mechanism for effective and speedy resolution of trade disputes, Islamabad Chamber of Commerce and Industry (ICCI) has signed MoU with Economic Reforms Unit of Ministry of Finance ( ERUMF) for the establishment of Alternate Dispute Resolution Center at its premises to facilitate the local business community in out-of-court settlement of business to business disputes. Muzzamil Hussain Sabri, President, Islamabad Chamber of Commerce and Industry (ICCI) and M. Yasin Gohar, Joint Secretary, Finance Division signed the MoU. ICCI in collaboration with ERUMF signed another MoU with SECP, FBR and EOBI for establishment of a Physical One-Stop Shop (POSS) at its premises for registration of new companies and businesses. The POSS will facilitate the incorpora-
tion of new companies with SECP, obtaining national tax number with FBR and employer registration with EOBI under one roof at ICCI. Muzzamil Hussain Sabri President ICCI, Syed Iqbal Haider Zaidi Director General (Ops) EOBI, Mubasher Saeed Saddozai, Director SECP and Zain-ul-Abedin Sahi, Secretary (IT) FBR signed the MoU. Speaking at the occasion, Muzzamil Hussain Sabri, President, ICCI
said that settlement of trade disputes through litigation was a time consuming and costly process while establishment of ADRC will provide a good opportunity to local business community to seek out-of-court and speedy settlement of such disputes. He said the POSS would also prove highly beneOicial for the local business community as it will enable them to get registered with SECP, FBR and EOBI at one location.
119 direct, indirect taxes hampering economic activities in Punjab: LCCI
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LAHORE
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enior vice president of the Lahore Chamber of Commerce and Industry Mian Nauman Kabir demanded of the government to bring down the number of taxes in Punjab as around 119 direct and indirect taxes are hampering the economic activities in the province. In a statement issued here, the LCCI senior vice president Mian Nauman Kabir said that in the recent past Punjab experienced discrimination in electricity and gas supply. Unfortunately, situation is same as far as number of taxes is concerned. While elaborating the point, Mian Nauman Kabir said that there are 119
direct and indirect taxes in Punjab as compared to Sindh, KPK and Balochistan where these are 82, 54 and 12 respectively. He said that the policies should be aimed at widening the tax net rather than taxing the already taxed. There is a strong need for long term planning and consistency in Government Policies. Tax returns and other documents are modiOied each year which creates confusion. The LCCI senior vice president said that government would have to introduce new reforms in tax system in consultation with the stakeholders to bring untaxed sectors into the tax net. He said that most of the challenges being faced by the economy are directly linked to complicated and
lengthy taxation procedures. He said that the EU states do not implement policies without due consultation of the stakeholders while situation in Pakistan is quite different. He said that the Lahore Chamber of Commerce and Industry believes that for the promotion of tax culture in Pakistan, the government would have to bring down the rate of the taxes besides bringing the untaxed sectors into the tax net. Mian Nauman Kabir said that Olaws in taxation system causing loss of billions of rupees to the national exchequer. He said that a large number of taxes and difOicult taxation system is also creating troubles for the taxpayers. He said that tax reforms like developed countries could enhance the government revenue.
Madam Fauzia Abid Deputy Secretary and Mr. Umer Khalid Industrial Policy Advisor, ERUMF of Finance said that establishment of ADRC and POSS will contribute positively in improving Pakistan’s ranking on ease of doing business benchmarks. The representatives of SECP, FBR and EOBI also pledged full support to ICCI for making POSS successful and productive for the business community.
LCCI urges govt to promote tourism ahore Chamber of Commerce and Industry (LCCI) Ijaz A Mumtaz has urged the government to promote tourism in the country. During his visit to TDCP resort Kallar Kahar, he said that the tourism industry has the potential to turn Pakistan into a hub of economic activities as total contribution of travel & tourism industry in the global economy is more than $7.58 trillion. Ijaz said that Public Sector Enterprises should learn lesson from this Tourism Development Corporation of Pakistan which is effectively contributing to the economy of Punjab. He particularly lauded the efforts of TDCP Managing Director Ahmer Malik for adopting viable and workable policies to make this department a best performer. He said that Chief Minister Shahbaz Sharif also deserve appreciation for giving the reigns of the department in talented hands.
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Dublin Customs seizes worth €750,000 cash at Dublin Airport Thursday October 1, 2015
World
DUBLIN: More than €10,000 in cash was seized from a Polish man in his 30s travelling from Poland into Dublin A drug haul thought to be worth €750,000 has been seized by Customs Officers at Dublin Airport. The consignment filled with herbal cannabis and five-and-a-half kilos of a white powder thought to be cocaine and are believed to be the biggest haul seized at the hub this year. Officers became suspicious when they detected a strong smell of coffee coming from the parcel, the Irish Mirror reports. They know drug traffickers often use coffee as a way of distracting the sniffer dogs from picking up the scent of contraband. But not even the clever coffee tactics could fool the customs experts and sniffer dogs and the package was seized for further inspection. Read more: Dog walker killed by hit-and-run driver died in husband's arms
uAe customs announces ‘Leads customs trade Summit’
HK Customs confiscates 16kg ivory from Nigerian passenger
DUBAI
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he UAE Federal Customs Authority has announced that it will be presenting its vision on advancing global trade to leaders of Customs Authorities and prominent heads of industry attending the Global Customs and Trade Facilitation Summit. The event will focus on innovations and solutions to reduce trade barriers and boost international competitiveness and forms part of Global Trade Development Week (GTDW), being held in Dubai from 27th to 29th October. Organised under the patronage of the UAE Ministry of Economy, GTDW is a major trade forum and exhibition, and will be an unprecedented gathering of 1000 trade leaders from over 100 nations. The Federal Customs Authority (FCA) is a strategic partner of GTDW and H.E. Khalid Ali Al Bustani, Acting Director-General of FCA, will deliver the opening keynote speech at the Customs Summit. H.E. Al Bustani says, “GTDW presents the perfect
platform to present our views how customs work is a key catalyst for promoting global trade environment. GTDW’s high-caliber programme, focusing on global economic trends and risks, ties in with our core objective to promote the advancement of global trade and additionally helps our efforts to boost collaboration with customs authorities around the globe.” The Customs summit will bring together a host of prominent leaders of international organizations, including WTO, Interpol, UN and World Bank. The list of speakers comprises of representatives’ form the world’s largest corporations, such as GM, Huawei, Hitachi and Nestle, and shall be attended by dignitary delegations
from industrial and emerging markets and economies. H.E. Al Bustani added, “We are delighted that UAE is the host of this important event and reOlects the UAE’s growing position as a premier regional and international hub for import and re-export.” Explaining UAE’s advanced customs facilities, he added, “The UAE has succeeded in providing a developed model in facilitating trade by simplifying and standardizing the customs procedures in the Oirst entry ports, and the implementing the latest regulations and technologies in this Oield, which contributed to reducing the clearance time for commercial goods and facilitated the movement of travelers”.
4,480 cartons of foreign Eva soap, 714 cartons of fake drugs and others with a Duty Paid Value (DPV) of N219,375,479. All the goods do not have NAFDAC registration numbers. Its Area Controller, David Dimka told The Nation that the items included 1,920 cartons of banned mosquito coils with a Duty Paid Value of N38,400,000. The driver and the ve-
hicle conveying the fakle drugs, Dimka said, were arrested and may be prosecuted after investigation. Contrary to the laws that all inscriptions on imported items must be written in English, investigation revealed that the leaOlets were written in Chinese. The items also do not have country of origin, manufacture and expiry dates.
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HONG KONG
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traveller from Nigeria was arrested at Hong Kong International Airport today with 16kg of suspected cut ivory stashed inside the pockets of a tailor-made vest and underpants. The 26-year-old man was intercepted as he arrived in the city from Abuja in Nigeria via Dubai in the United Arab Emirates this morning. “During customs clearance, customs ofOicers found about 15kg of suspected cut ivory concealed in a tailor-made vest and a pair of underpants inside his check-in luggage and 1kg of suspected cut ivory in his hand luggage,” the Customs and Excise Department said. The haul was estimated to be worth HK$160,000 in Hong Kong. The department said the man may face prosecution. The ivory found in the suspect's hand luggage. OfOicers handed the case to the Agriculture, Fisheries and Conserva-
Malaysian customs cripples attempt to smuggle 10,200 cartons of Modeng cigarette
Nigerian Customs seizes N200m worth of goods N
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igeria Customs Service (NCS) has gone tough on smugglers as two zonal commands seized goods worth over N266 million. Federal Operations Unit (FOU) Zone ‘A’ Ikeja seized N56,479,200 worth of goods; while its Zone ‘C’ Command in Owerri, the Imo State capital, impounded over N200 million worth of goods. The goods are
tion Department for further investigation. The department oversees matters relating to ivory in the city. Under the Protection of Endangered Species of Animals and Plants Ordinance, any person found guilty of importing an endangered species without a licence is liable to a maximum penalty of HK$5 million and two years in jail. It was the third ivory seizure by customs ofOicers at the airport this month. On September 6, they conOiscated 51kg of suspected cut ivory pieces worth HK$510,000 hidden in two airmail parcels which had just arrived from Zimbabwe via Amsterdam, the Netherlands. On September 2, another 24kg of suspected ivory worth about HK$240,000 was found hidden in two parcels arriving through the same destinations. Last month, customs ofOicers arrested a 42-year-old traveller with 15kg of suspected ivory products stashed inside the pockets of a tailormade vest. He had also travelled from Abuja via Dubai.
egri Sembilan Royal Customs Department has crippled an attempt to smuggle 10,200 cartons of Modeng cigarette valued at Rm163,200 involving tax amounting to one million ringgit. Its director Abdullah Jaapar said the seizure was made at Km265 North South Expressway north-bound last Thursday following a surveillance of the enforcement team. “The three-ofOicer team tailed the three-tonne lorry at 5.05pm, after a 5km chase we managed to stop the lorry and arrested a man. “It is be-
lieved that the cigarettes were smuggled from neighbour country as initial investigation revealed that the cigarettes did not have any tax stamp and was packaged without the health warnings required by Health Ministry,” he told a press conference at state headquarters here today. Abdullah said it was believed that the suspect planned to transport the smuggled cigarette to Klang Valley. He said the case was being investigated under Section 135 (1)(e) of the Customs Act 1967 for transporting uncustomed goods.
philippines customs seizes 64 smuggled shipping containers
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MANILA
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enator Joseph Victor Ejercito called Tuesday for the swift passage of the anti-smuggling bill, saying it will help save the country's struggling agricultural sector. Ejercito made the call following the recurrence of sugar smuggling at
the Bureau of Customs (BOC). Earlier reports said former Land Transportation OfOice chief Virginia Torres allegedly tried to get at least 64 shipping containers of smuggled Thai sugar worth over P100 million out of the BOC. "The bill's graver penalties would serve as deterrence for such negotiations at Customs," Ejercito, chairman of Senate economic affairs committee, said.
"Our agricultural sector is currently in a neglected state. I fear that if we do not immediately curb agricultural smuggling and classify it as economic sabotage, this would soon succumb to a crisis. Our economy continues to be crippled yearly by P200 billion due to agricultural smuggling alone," he added. Ejercito said it is now the time for the government to support the liveli-
hood of farmers and workers of the agricultural sector, which employs a third of the country's labor force. Senate Bill 2923 or the proposed Anti-Agricultural Smuggling Act is now placed on second reading in the Senate. Senator Juan Edgardo Angara meanwhile urged his colleagues to pass the proposed Customs Modernization and Tariff Act (CMTA), which would to simplify, modernize and
align the country's Customs procedure with global practices. The CMTA aims to amend and update the Tariff and Customs Code of the Philippines, in compliance with the Revised Kyoto Convention, a blueprint for modern and efficient customs procedures of the World Customs Organization, to which the Philippines is a signatory since 2010.
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Ningbo-Zhoushan Port completed merger procedures LONDON: Trading in shares of Zhejiang-based Ningbo Port Co was suspended on Tuesday as the company revealed it has completed merger procedures with Zhoushan Port Co. New company will be named Ningbo-Zhoushan Port Group Co, officials said in a Shanghai Stock Exchange announcement on Monday night, adding its ownership will be shared by both Ningbo and Zhoushan branches of the State-owned Assets Supervision and Administration Commission. The new company will hold 75.46 percent of Ningbo Port Co's stock. Ningbo-Zhoushan Port is now considered the busiest in the world in terms of cargo tonnage, with a combined throughput of 873.47 million metric tons. Chen Yingming, executive vice-president of Shanghai-based China Port and Harbors' Association, said Zhejiang government now plans to bring its five main － Ningbo, Zhoushan, Jiaxing, Taizhou and Wenzhou－ － under a unified company. ports－
Victorian Govt, ACCC discuss sale of Australia's biggest port VICTORIA
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ne of Australia’s biggest ports is one step closer to sale following negotiations between the Victorian Government and the ACCC, reported HeraldSun. The new owner of the Port of Melbourne will face regular reviews, must release capacity levels and could face having their contract reviewed under newly announced monopoly safeguards. The latest move by Treasurer Tim Pallas comes as the ACCC chairman Rod Sims appeared before a parliamentary inquiry to discuss the current bill legislating the 50 year lease. Mr Sims told the joint parliamentary committee the changes would alleviate some concerns over the market powers of the port in the future. Despite supporting the changes Mr Sims said the ACCC would still prefer to have a controversial clause on a compensation deal for a second port removed. “The Victorian Government did make contact with over the last week. “These changes do improve the regime quite a bit.”“We would prefer to have no compensation deal there is no doubt about that,” he said. Mr Sims said ACCC’s main concern in privatisation was that in the bid to boost the sale price of assets governments were not locked into substandard long term outcomes.
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Port of Vancouver event highlights new crude-oil tank cars, safety measures esoro Corp., Savage and BNSF Railway Co. officials last week gave local business leaders an opportunity to observe enhanced safety features of Tesoro's new DOT-120 crude-oil tank cars at the Port of Vancouver, Wash. The event focused on crude-by-rail safety in Washington state, the safe operations and handling of crude oil at Port Vancouver USA and the proposed Vancouver Energy crude-by-rail to marine loading terminal, and the DOT-120 rail cars' additional safety features, Tesoro officials said in a press release. Tesoro and Savage are joint venture partners in the proposed Vancouver Energy terminal at the port.
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Ports & Shipping
Abu Dhabi terminals attributes fast growth to significant expansion of industry ABU DHABI
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bu Dhabi Terminals attributed its rapid growth to the signiOicant expansion of the Abu Dhabi industry. Khalifa Port Container Terminal, or KPCT, managed and operated by Abu Dhabi Terminals, has been rated as being among one of the fastest growing container ports in the world. These recognitions are established within three years of operation and come closely at the heels of the scale and expansion of KPCT. The Top 120 World Container Ports ranking lists KPCT as the third fastest growing container port in the world and the fastest growing port in the Middle East based on its 26 per cent volume growth in 2014. Published since 2005 by Container Management magazine, KPCT entered the list last year by earning a spot in the top 10 of fastest growing container ports; a result which now has increased tremendously and conOirms the strategic position played by Abu Dhabi in the context of global shipping. Abu Dhabi Terminals attributed its rapid growth to the signiOicant expansion of the Abu Dhabi industry as well as a substantial increase in the role it plays in regional transshipment combined with a steady
rise in shipping lines calling at KPCT. KPCT's container throughput grew by 41 per cent in the Oirst seven months of 2015 indicating the expected growth of global trade in the years to come. Over the 3 years that Khalifa Port is in operation, the terminal operator has placed itself in a competitive position in the region due to quick vessel and truck turnaround times and lower logistics cost to beneOit port users. Martijn van de Linde, CEO of Abu Dhabi Terminals, said: "We are extremely pleased with the vote of conOidence given to us by our customers; both trade and shipping lines, which enables us to be recog-
nised as one of the world's fastest growing container ports. Our corporate philosophy remains focused on delivering excellent service to our customers and helping them lowering their supply chain costs while bringing their international markets closer to home." Located next to Kizad and 45 kilometers from Jebel Ali, Abu Dhabi's container terminal ships to more than 50 international direct destinations and offers almost 2.3 million square foot of warehousing directly located inside the container terminal area.
Thursday October 1, 2015
Royal Caribbean Pushing for Port Change in Australia SYDNEY
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ccording to a report from Louise Goldsbury of CruiseCritic.com, Royal Caribbean has been in negotiations for more than three years to lay the groundwork for a cruise passenger terminal that would be built at Botany Bay, and the company has shown indications of more internal optimism. Thank to a decrease in cargo ship traffic at Botany Bay, Royal Caribbean regional vice president Gavin Smith was thinking positive when he told Goldsbury, “The trade through Botany is not as bullish as in the past so I think we are closer to getting a result than ever before. I would say Botany is doable within a three to four year timeframe.” Despite potential issues with airport clearance at Botany Bay for the taller vessels in the Royal Caribbean fleet, the company is pushing for this relocation project due to the lack of space and berths for its ships at Sydney Harbor. Moving locations would inhibit some of the views of iconic landmarks found in the harbor — like the Opera House and Harbor Bridge — but Royal Caribbean would still book the ships to make their way past the landmarks before venturing into open sea. Smith addressed the potential issue by telling CruiseCritic.com, “Our plan would be to depart Port Botany at 4 p.m. and then head out and around and into Sydney Harbor (at) about 6 p.m., stay in the harbor below Taronga Zoo for an hour to get the city skyline in the evening sun and then head back out to sea about 7 p.m.”
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Sohar port pushes location at Iran Iron & Steel event
T OMAN
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he demand for steel will grow to as much as two billion metric tons a year by 2025. Since the turn of the decade, infrastructure and construction projects linked to urbanization in India, the Middle East, China and elsewhere, has accounted for more than 35 percent of global steel demand and for more than half
its growth. Fitting then, that as relations between Iran and the west continue to improve, more than 350 international delegates from companies both inside and outside Iran met on Kish Island recently at the Oirst Iranian Iron and Steel conference, discussing opportunities to integrate the nation’s huge iron and steel industry into growing global markets. “As a link-pin in the regional steel industry, SOHAR Port and Freezone
has a location second to none,” says SOHAR Freezone CEO Jamal Aziz, and continues: “Optimally placed between the markets of east and west, in an area of the world where demand for steel continues to grow, with our low utility prices and attractive incentive packages, we offer an ideal environment for steel manufacturers and steel fabrication industries.” Which is perhaps why so many leading companies in the steel industry have already established
themselves in SOHAR. These include Vale from Brazil; Inco from Turkey; Sohar Steel from Oman; and Jindal, Dunes, Cabrol, Metkore, and Indsil all originally from India. Jacoba Bolderheij, Commercial Manager at SOHAR agrees; the Dutch ex-diplomat charged with marketing the Freezone in SOHAR was one of very few female speakers at this week’s Kish Island conference and soon earned herself a nickname as the region’s ‘Iron Lady'.
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Faisalabad ASO holds 3,500 yards of smuggled cloth FAISALABAD: The Customs Anti-Smuggling Organization (ASO) Faisalabad has seized ,3500 yards of foreign origin silk cloth worth Rs 500,000 involving duty/taxes amounting to Rs 83,859. Sources told Customs Today that ASO team, acting upon credible information received through Collector Model Customs Collectorate (MCC) Faisalabad, Dr Zulafqar Ali Chaudhary, conducted the raid near Rail bazaar Faisalabad.The ASO team comprising Superintendent Zahid Raza Bukhari, Inspector Muhammad Munir Ahmad, Zulfiqar Ali, Rana Abdul Jabbar and others intercepted a rickshaw bearing Registration No. FDS-4317 and recovered silk cloth.
Thursday, October 1, 2015
CUSTOMS BULLETIN
export Intelligence Branch being revamped for officials’ capacity building KARACHI
AFtAB chANNA
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he Export Intelligence Branch (EIB) of the Model Customs Collectorate MCC Exports, Custom House is under process of revamping and streamlining to improve the performance of the intelligence officials, it is learnt. It is mentioned here, that the EIB of the MCC Exports was the neglected part of the MCC as the officials were given multi tasks, affecting the job of intelligence specifically. Moreover, after a senior official of the Pakistan Custom Service, Dr Saifuddin Junejo, took over the charge of Collector MCC Exports, the EIB was being revamped and the culture of assigning multi-tasks to officials is almost ended, sources told Customs Today.“There were no proper sections at the MCC Exports. The sections including manufacturing, rebate, DTREs etc were messed up and the staff itself were confused what to do”, sources added. According to sources, the
newly installed Collector MCC Exports has been all out efforts to
introduce the working environment at the collectorate and as-
signing EIB job to senior and hardworking officials so as to fa-
cilitate the exporters to enhance country’s overall exports.
Customs Court directs suspect to file copy of SHC’ bail orders KARACHI
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he Special Court of Customs Taxation and AntiSmuggling on Tuesday directed the counsel for an accused, booked in a case pertaining to issuance of fake sales tax invoices of more than Rs 1 billion, to submit certiOied copy of fresh order of the Sindh High Court (SHC) on the suspect’s bail petition.
Judge Syed Faiz Rasool Rashdi gave this direction after the defense and prosecution side made contradictory statements about whether suspect Javed Anwar Khan is out on bail or an absconder. The investigation ofOicer told the court that Javed is absconding accused as he was granted bail by the high court but later his bail was cancelled. However, the suspect’s counsel maintained that his client is out on bail as the high court had never cancelled his bail. In fact, his bail was extended by the court during the last hearing. According to the ofOicials of In-
telligence and Investigation Department of Inland Revenue, Karachi, the suspects Arshad Ali Khan, Javed Anwar Khan, Tauseef, and Rashid Ali Khan issued invoices in the name of bogus companies claiming over Rs 1 billion from the sales tax department. An FIR was registered against them in January 2015. Accused Arshad Ali Khan and Touseef Ahmad are in judicial custody; however, Jawed Anwar and Rashid Ali Khan are still at large. Arshad Ali Khan, who claimed to be proprietor of Kotila Corporation, along with his other accom-
plices fraudulently, issued fake sales tax invoices. Later, the ofOicials found that the original proprietor of Kotila Corporation, Noor Mohammad, expired in February 2007 and the tax department was also intimated about cancellation of sales tax registration of the Oirm. Meanwhile, The judgment in a long–drawn gold smuggling case was deferred on Tuesday for the third time. The Special Court of Customs Taxation and Anti-Smuggling has set October 22 for the pronouncement of the judgment. Earlier, Judge Syed Faiz Rasool
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Rashdi reserved the verdict in the case and Oixed August 29 for its judgment but it could not be announced on that date as the judge was on leave. The court ofOice, therefore, adjourned the pronouncement of the judgment to September 17. It was once again deferred and the court Oixed September 29 for announcement of judgment. On Tuesday, the investigation ofOicer of Pakistan Customs Zulifqar Ali Sheikh and three suspects were present in courtroom to hear the outcome of the case but it was deferred due to absence of suspect Dawood.