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Karachi, Tue September 12, 2017

MULTAN

IMRAN ALI

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he Customs Collectorate collected Rs8866.284 million in wake of duty and taxes during August of Fiscal Year 2016-17 under supervision of Collector Saud Imran.

According to the details, the department collected Rs780.800 million under the head of customs duty against the assigned target of Rs431.320 million during the month of August. Multan Customs made collection of Rs422.950 million customs duties during said period of the last year 2016-17.The Customs Collectorate has posted 84% growth in the collection of Customs duty as compared to corresponding month of Qiscal year 2016-17. It generated Rs1025.290 million as customs duty during Qirst two

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months of the existing Qinancial year 2017-18. The Collectorate of Multan Customs collected Rs.2751.473 million in wake of sales tax in August against assigned target of Rs1181.600 million. Multan Customs has collected almost 83% excess revenue during the August. The Customs Collectorate has collected Rs.5217.019 million in terms of sales tax during the Qirst two month of the economic year. According to the ofQicials, the revenue collection is directly linked with clearance of consignments from Multan Dry Port and it put positive impact on the revenue collection.

Multan Customs collects R s 8 8 6 6 . 2 8 4 m i l l i o n t a x re v e n u e

Sukkur ASO takes big numbers of shampoo bottles into possession

Customs House Peshawar outperforms bypluggingleakage of revenue collection

Customs seizes $199 of meth at Pharr International Bridge

ASO takes into possession eight offending & four NDP vehicles worth Rs31.8m

The Customs Collectorate collected Rs8866.284 million in wake of duty taxes | See pAge 01 |

ASO Sukkur division, has confiscated foreign origin non-duty-paid 85 cartons | See pAge 02 |

TheModelCustomsCollectoratePeshawar hasgeneratedRs3465.29millionrevenue | See pAge 05 |

Oﬃcersseized$199ofmethamphetamine at the Pharr International Bridge | See pAge 07 |

ASO Peshawar impounded eight oﬀending and four NDP vehicles | See pAge 08 |

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SBP revises outward/inward cash carrying limits Tuesday, September 12, 2017

National

KARACHI: The State Bank of Pakistan (SBP) has revised outward/inward cash carrying limits of Pakistan currency notes (PKR) for international travelers. A statement said that SBP has revised the per person per visit outward/inward cash carrying limits of Pakistan currency notes (PKR). The outward/inward cash carrying limits for countries (other than India) have been enhanced to PKR 10,000/- and in case of India, the limits have been enhanced to PKR 3,000/.

Sukkur ASo takes big numbers of shampoo bottles into possession

MULTAN

HYDERABAD

IMRAN ALI

ASLAM ANJuM QuReShI

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ustoms Anti-Smuggling Organization impounded has impounded two non-duties paid vehicle of worth Rs 7 million during their action. According to details, Multan Customs received information about the smuggling of foreign origin vehicles coming from Dera Ghazi Khan to Multan. On the basis of information Customs anti-smuggling squad which consists of Inspector Rana Mujtaba Noon, Inspector Abdul Samad, Inspector Maqsood and others were deputed in various areas of Multan to intercept the smugglers. Anti smuggling squad enhanced the patrolling to thwart the attempt of smuggling foreign origin vehicles. Customs anti-smuggling staff spotted suspected Toyota Hilux Surf having registration number of BE-2338/Sindh near Chowk Qureshiwala during monitoring of vehicles. Customs team asked the owner Ghulam Shabbir Ahmad to present the ownership documents to prove its possession. Customs Anti-Smuggling Organization staff found documents of the vehicles incomplete during examination. Customs teams detain the vehicle.

he Anti-Smuggling Organization (ASO), Sukkur division, has conQiscated foreign origin non-duty-paid 85 cartons, 1,296 bottles or 49,680 sachets of different shampoos including Dove, Head & Should and Pentene valued at Rs747876 including duty and taxes during an action at Dera Mori check-post abpout 10 days ago in August 2017-18. Collector Model Customs Collect orate (MCC) Hyderabad Akhlaq Ahmed Khattaq directed his staff to abort the smuggling attempts in the region. Additional Customs Authorities received a tip-off regarding the smuggling of foreign origin nonduty-paid different Shampoos. He formed a team, comprising ASO Customs Preventive Sukkur In-Charge ZulQiqar Jamali, Inspector Manzoor Jamali, Inspector Tufail Bhutto, Sepoys and a driver, which participated in the execution of the operation. The ASO team intercepted a public transport vehicle near Dera Mori Sukkur and recovered nonduty-paid 14 cartons, 504 bottles of Dove Shampoo, 71 cartons and 792 bottles of 41,760 sachets of Head & Should, 11 cartons and 7,920 sachets of Pentene Shampoo. The market value of the items is Rs747876 including duties and taxes. Prior to the recovery of goods,

ASo impounds two vehicles of Rs7m during routine checking

the ofQicials asked the driver for producing documents regarding the legal import of the items but he could not prove anything lawful. So the team impounded the items under the customs bylaws. A case was registered against the

accused and sent to the customs adjudication for further legal action. The ASO deposited the conQiscated goods into Sukkur-Larkana division State Warehouse. OfQicials said that Hyderabad Customs Collector Akhlaq Ahmad Khattaq had directed

that effective steps be taken for curbing the smuggling in the region. They added that the anti-smuggling ofQicials have enhanced the vigilance on roads to keep an eye on the movement of the contraband items and NDP vehicles.

torkham customs earns Rs463.98 million revenue T

PESHAWAR

IRfAN BAhADuR

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he Torkham Customs Station of the Model Customs Collectorate Peshawar has generated Rs463.98million revenue from July 28 till August 28, FY2017-2018. The sources told Customs Today on Monday that the Torkham Customs has collected more revenue due to increased Trade on PakistanAfghanistan trade route on Torkham

border. The trade between Afghanistan and Pakistan has faced hard times during the start of the current Financial Year due to which the Qlow on transit routes decreased. Earlier, the border management of both countries agreed to allow 2,000 stranded vehicles to cross the border which in turn added grand amount of revenue to the collections. The Anti-Smuggling Unit Torkham Customs Station has also added part to collect more revenue during 30 days of current FY from

July 28 till August 28, 2017-18. The sources lauded the efforts of new Deputy Collector Customs Muhammad Najib Anjum for his strict policies which led to extra earning for Pakistan Customs. Torkham Customs collected Rs150.9651million revenue by counting Customs Duty and has done Rs14.3943million revenue from EDS (F.E). An amount of Rs1.748million revenue was generated on RD (Imports) and Rs3.6283million revenue was re-

ceived as ESD (Pak) from July 28 till August 28, FY 2017-18. The Torkham Customs got Rs8.7484million tax by selling miscellaneous goods in the open auctions from July 28 till August 28, 2017-18. The sources further said the Torkham Customs received Rs112.3601million Sales Tax in 30 days in which it has done Rs15.7958million by charging STV (Comp Import) duty on items during the same span of time. The Torkham Customs station generated Rs184.8622million rev-

enue by collecting A.I.T on items in which it has done Rs72.8427million as A.I.T export duty and Rs15.7958million of STVM (Comp Import). The Torkham Customs Station has collected Rs11.11million more revenue from July 28 till August 28, 2017-18 as compared with the collections of previous FY from July 28 till August 28, 2016-17. The Torkham Customs station in the same time period of previous FY got Rs452.87million from July 28 till August 28, 2016-17.

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PESHAWAR IRfAN BAhADuR www.customsbulletin.com

he Model Customs Collectorate Peshawar has generated Rs3465.29million revenue from July 1 to August 31 FY 2017-18. According to station-wise progressive revenue collections in the current FY, the Torkham Customs Station collected more revenue than other stations. This was stated by Collector Customs Gul Rahman at the Customs House Peshawar while giving an exclusive interview to Customs Today on Thursday. The Collector Customs lauded the performance of the Customs staff for collecting valuable revenue by expanding the monthly collection of current FY2017-18 to reach the target of achievement in the current month of September. Collector Gul Rahman also said that the Customs House Peshawar from July till August 2017-18 did a remarkable duty by stopping the leakage in revenue collection of the national exchequer. The Collector Customs informed Customs Today that the MCC Peshawar

Tuesday, September 12, 2017

generated Rs3465.29million revenue from all the connecting Customs Stations with Peshawar Customs during two months. The MCC Peshawar received Rs1238.65million of CD in which Rs90.91million revenue was done by auctioning off miscellaneous goods a n d

Rs108.03million revenue was collected as RD. The MCC Peshawar generated Rs765.15million revenue by getting ST applied on items during the same time period of two months in the current Financial Year 201718. The MCC Peshawar earned Rs108.48million revenue as ST on VM imports and Rs428.87million revenue was done from ST on VM Palm Oil during the same time period of two months in the current FY. The MCC Peshawar was able to collect an amount of Rs887.48million revenue as Total AIT during two months of current FY in which Rs681.95million revd i a enue was done as s o ls man a AIT on goods while h r a a R w l a esh or gu p t c Rs205.53million e s e l u l o co did a toms h revenue was col8 s 1 u c 7 e 1 h t 20 s u lected as AIT Exthat t e g h u t g lA oppin uly til port. The Customs t J s y m o b r f n of duty o e i House Peshawar l t c b e a k ll remar nue co received Federal e v e r r ue e in Excise Duty of xcheq leakag onal e i t a Rs38.66million durn the ing the same time period from July till August FY 2017-18.

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eDItoRIAL

problem of falling exports

he Pakistani exports have been on downward trajectory for the last four years of the Pakistan Muslim League-Nawaz government. Former prime minister Nawaz Sharif had announced an export package of Rs 180 billion to revive the export sector but it has yet to reach an implementation stage. Meanwhile, the replacement of Nawaz with Shahid Khaqan Abbasi has turned the tables and it will take the new prime minister some time to grasp the administrative affairs. The government has so far failed to identify the areas of concerns or bottlenecks in the way of export sector. There is recession in the international market, but it affected the economy of Pakistan alone. All the other regional economies are progressing and have increased their exports despite recession. Bangladesh’s exports are touching $40 billion, but the Pakistani exports have squeezed to $20 billion in 2017 from $25 billion in 2013. According to some experts, delay in the release of duty drawback claims have negative impact on the production capacity of the export units. Involvement of various government agencies in private sector affairs could be another reason for slow and underperformance of the manufacturing sector. According to an official of the Federation of Pakistan Chambers of Commerce and Industry, the country will not be able to increase its exports until the government reduces electricity tariff for industries. The high cost of electricity has increased the cost of production and it is difficult for the local manufacturers to compete the regional countries. The PML-N government had increased the electricity tariff by 73 percent since it took the office in June 2013. The move reflected the worse scenario, pushing exports on downward trajectory. The unprecedented fall in the exports and increase in imports have doubled the current account deficits to around $12.1 billion in the previous fiscal year ended June 2017. The trade deficit has now jumped to a record $33 billion. Some economists hold unrealistic value of Pakistani rupee responsible for the slow process of exports. But this is not a valid reason as fall in rupee value will sink the economy to the lowest ebb. Electricity is the basic component to run the wheel of industry but there are also other factors to be taken into consideration.

war and economy A

LAHORE

DR AftAB AfZAL

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ccording to economists, the Pakistani entrepreneurs lack marketing techniques to promote their products in overseas markets. They still use old methods of production and could not update their products to come up with changing trends and compete their peers in the region. The small entrepreneurs have no access to the European market and they rely on the forces of local demand and supply, but there are others who can afford to visit European and other countries and have access to the potential buyers. But they are reluctant to modernize their pro-

duction units and invest in the marketing departments or they also lack capacity and courage to meet the challenges of new business trends in foreign lands or take any initiative to promote their businesses. May be they prefer to keep themselves within limits as they don’t want to take any risk to launch a new venture. The businessmen associated with textile sector are one them who failed to change their methods of production and methods of marketing. As a result, their competitors in India and Bangladesh have taken long strides and the textile sector of the two countries have shown considerable progress during the last one decade. The business community in Pak-

istan totally relies on the government and wants to get every facility without struggle. The general trend in the world business community is that the governments do their part of the job and entrepreneurs do their part and they support each other for the cause of business. But business environment in this country is marred by mistrust and corruption. The businessmen with resources also look toward the government for help and take lion share of facilities and packages. The small entrepreneurs are left on the mercy of maQias and they have to Qight for their survival. The bureaucracy in Bangladesh and India is not different from Pakistan, but the business community worked in a way to increase their exports de-

spite challenges. It is time the business community should work on self-help basis in Pakistan and minimize its dependence on the government aid. The government should also update its business policies to facilitate the business community and activates its missions abroad to do some homework and overtime to create demand for the Pakistani products. The government ofQicials thumped their chests when the country achieved European Union’s GSP Plus status, but euphoria soon evaporated when this scheme could not be fully utilized for one reason or the other. The government should now make arrangements to implement Rs 180 billion package announced by the former prime minister to boost exports.

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Russia c.bank says inflation expectations are still high Tuesday September 12, 2017

World

MOSCOW: Russia’s central bank said on still high inflation expectations speak for keeping monetary policy “moderately tight.” In a monthly report on consumer prices growth, the central bank said that inflation expectations and assessment of inflation by households were still higher than official figures. The Federal Statistics Service said earlier this month consumer prices edged 0.2 lower in the latest week, suggesting that annual inflation stays below the central bank target of 4 percent.

customs seizes $199 of meth at pharr International Bridge

china to spend $1tr on planes over next 20 years SHANGHAI

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WASHINGTON

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fQicers seized more than 199 pounds of methamphetamine at the Pharr International Bridge, according to a news release from U.S. Customs and Border Protection. U.S. Customs and Border Protection estimates the value of the seizure at about $3,992,909. The seizure occurred after ofQicers stationed at the Pharr International Bridge referred a white 2008 Freightliner tractor-trailer to secondary inspection. With the use of a canine team and a non-intrusive imagining system, ofQicers found 36 packages of alleged methamphetamine–totaling 199.61 pounds–hidden inside the trailer. U.S. Customs and Border Protection OfQice of Field Operations seized the drugs and the tractor-trailer. The case remains un-

thailand Sri Lanka Business council holds 17th AgM he 17th annual general meeting (AGM) of the Sri Lanka Thailand Business Council (SLTBC) was held at Waters Edge, Battaramulla recently under the patronage of council President Rizan Nazeer. Thai Ambassador Designate to Sri Lanka Chulamanee Chartsuwan revealed in 2016, Thailand and Sri Lanka governments set a target to triple trade value between the two countries from presently US $ 500 million to US $ 1500 million by 2020. On investment side, she said there is no set target but with the Thai investment value jumping 10 times from US $ 70 million in 2015 to US $ 700 million in 2016, mainly through the investment by Siam City Cement in Insee company, there is no reason not to expect much more investment from Thailand. –CB Report

der federal investigation. Meanwhile, An unexpected surge in imports in July will take some of the steam out of peak-season volumes this autumn, although 2017 will still be a record year for US imports, according to the Global Port Tracker published by the National Retail Federation (NRF) and Hackett Associates. “Consumers are buying more, and retailers are scrambling to import more merchandise to keep up with the demand,” said

Jonathan Gold, vice president for supply chain and customs policy at the NRF. Weekly changes in the spot rate in the eastbound PaciQic conQirm that July was a busy month for imports from Asia. The cost to ship a 40-foot container from Shanghai to the East Coast peaked in late July at $2,685. The West Coast rate peaked at $1,687 per FEU, according to the Shanghai Containerized Freight Index published under the Market Data Hub on JOC.com.

Russia plans to export weapons worth $47-50 billion

he book order for the export of Russian military hardware is worth $47-50 billion, Director of the Federal Service for Military and Technical Cooperation Dmitry Shugayev said on Wednesday. “Our book order is in the range of $47-50 billion. We believe that this trend will persist. The book order is a very important thing as it speaks about the commitments of our suppliers,” he said at a press

conference devoted to the results of the Army-2017 international military and technical forum. Combat aircraft account for about 50% of Russia’s total arms exports, Shugayev said. “The figures were already mentioned. They indicate that the volume [of aircraft supplies] on the world market is 27% We are approaching the level of about 30% for the delivery of landbased military. –CB Report

hinese airlines are likely to buy over 7,000 planes worth nearly $1.1 trillion over the next 20 years as they grow their Qleets to meet robust demand for domestic and international travel, Boeing Co said. Its latest estimate of 7,240 aircraft purchases for the period to 2036 is 6.3 percent higher than the U.S. planemaker’s previous prediction of 6,810 planes last year. Meanwhile, China’s services sector expanded at a faster clip in August as new business orders picked up, a private business survey showed on Tuesday, pointing to renewed strength in a key part of the world’s second-largest economy. An ofQicial gauge of the non-manufacturing sector published last week also showed continued expansion in the services sector, though the

pace was slower than in July, bolstering views that China’s economy remains on solid footing. The Caixin/Markit services purchasing managers’ index (PMI) rose to 52.7 in August — the highest reading in three months — from 51.5 in July. New business expanded at the fastest pace in three months with a reading of 53.1 in August, while companies also hired the most workers in four months. A reading above 50 indicates growth, and any lower than that signals contraction. The Caixin index for factory activity in August was 51.6, the highest in six months. China is counting on services, particularly high value-added services in Qinance and technology, to lessen the economy’s traditional reliance on heavy industry and investment. Government statistics show the services sector, accounting for just over one-half of China’s economy in the Qirst half of 2017, grew 7.7 percent in that period from a year earlier, easily outpacing overall GDP growth of 6.9 percent.

Vietnam’s corn imports rising ietnam is likely to buy more corn to meet increasing local demand, which is associated with the expansion of livestock and aquaculture feed production. According to the report by Ministry of Agriculture and Rural Development, corn import in seven months surged to 4.13 million tonnes, valued at USD 825 million, up 9% in volume and 11% in value against 2016. Of the exporting markets, Argentina and Brazil are the two largest suppliers, accounting for 49.5% and 15% of total import volume, respectively. There has been a strong rise in imports from Thailand, both in volume and value,

at close to 15 times and 3.5 times, respectively. In 2016, Vietnam spent USD 1.6 billion to purchase 8.3 million tonnes of corn for feed production and is among the world’s 10 largest corn importers. Meanwhile, Indonesian Qirm Intra Asia Indonesia has entered a deal to build a coal import port in southern Vietnam, local reports said. The project will involve a $1bn investment to build a port with capacity of 15m to 20m tons of coal per year. The memorandum of understanding (MoU) between Intra Asia and Hong Pat Coal and Resources is aimed a cutting the logistics costs of coal imports from Indonesia. –CB Report

Non-doms pay average £105,000 in uk tax

LONDON

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he typical “non-dom” in the UK is based in London and pays more than £100,000 in tax a year, according to Qigures that experts said highlighted the importance of these people to the British economy. Non-doms are usually

people who are resident in Britain but claim their domicile is overseas, and this status enables them to pay no tax on their offshore income and capital gains unless the money is brought into the UK. HM Revenue & Customs on Thursday for the Qirst time voluntarily issued information about the number of non-doms, which regions they live in, and how much they pay in tax. There were

121,300 non-doms in 2014-15, up 1 per cent compared with the previous year, and together they paid a total of £9.3bn in income, national insurance and capital gains taxes. Of these 121,300, 85,400 were UK residents in 2014-15, and they paid £9bn in tax. It means that on average they each paid about £105,000 to HMRC reQlecting how many of them pay tax on large amounts of in-

come generated in the UK. Nondoms based in London and the south-east contributed 86 per cent of all the tax paid by these 85,400 people, according to the HMRC data. Steven Porter, partner at law Qirm Pinsent Masons, said: “Non-dom taxpayers make a huge contribution to HM Treasury and the UK economy as a whole far more than most people realise.”

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Hyderabad ASO confiscates 60,000 liter High Speed Diesel HYDERABAD: The ASO, Customs Preventive Hyderabad, has seized 60,000 liters smuggling diesel (HSD) worth Rs4.9million of duties and taxes along with an oil tanker valued at Rs7million in a successful operation at Bypass Hyderabad during the last week of August 2017-18. Sources told Customs Today that, on the special instructions of MCC Collector Hyderabad Akhlaq Ahmed Khattaq, the Anti-Smuggling Organization (ASO), Customs Preventive Hyderabad, launched a crackdown on smugglers.

Tuesday, September 12, 2017

CUSTOMS BULLETIN

ASo takes into possession eight oﬀending & four NDp vehicles worth Rs31.8 million QUETTA cuStoMS BuLLetIN RepoRt www.customsbulletin.com

he Anti-Smuggling Organization (ASO) Peshawar impounded eight offending and four Non-Duty-Paid (NDP) vehicles and various smuggling goods valued at Rs31.8million from 18th to 25th of August Financial Year FY2017-18. According to details given by Zakir Muhammad, Deputy Collector ASO Peshawar, that, during above said period of August FY1718, the ASO took into possession eight offending vehicles worth Rs18.00million while it impounded four NDP vehicles priced at Rs7.5million during 18th to 25th of August FY17-18. Deputy Collector told Customs Today that, during above said period, the ASO seized various kinds of smuggling goods valued at Rs16.4million regarding the corresponding month of July FY1718. The ASO Peshawar confiscated 26.387 kilogram of gold/silver during July FY17-18. The ASO Peshawar showed tremendous performance during July Financial Year (FY) 2017-18 which includes huge cases of mis-

cellaneous smuggling goods and narcotics. About 54 offending and

NDP vehicles worth Rs224.640million were taken into

possession during July FY17-18 whereas the ASO Peshawar appre-

hended four smugglers during said period.

petroleum Division to execute Rs190m new projects in Balochistan ISLAMABAD

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etroleum and Natural Resources Division would execute two new projects worth Rs 190 million for coal exploration and evaluation in different localities of Balochistan besides carrying out a survey for underground water in Quetta.“Out of total Rs 190.033 million estimated cost, an amount of Rs

88.023 million has been allocated to carry out two new schemes for coal exploration and evaluation in Nosham and Bahlol Areas of Balochistan, and the underground water survey,” ofQicial sources said. They said the Division would spend Rs 554.291 mln, under the Public Sector Development Programme (PSDP 2017-18), to execute four ongoing and two new projects to step up exploration activities of natural resources for achieving self-reliance in the energy sector.An amount of Rs 415.807 mln have been earmarked to acquire four drilling rigs and

their accessories for the Geological Survey of Pakistan. While Rs 37.977 mln would be spent on appraisal of newly discovered coal resources in Badin and its adjoining areas of Southern Sindh. The funds amounting to Rs 8.992 mln would be utilized in exploration and evaluation of metallic and minerals in Bela and Uthal areas of district Lasbella, Balochistan. Similarly, Rs 3.492 mln have been reserved for exploration of Tertiary Coal in the Central Salt Range of Punjab. Meanwhile, The government has released Rs 723.932 million for the Petroleum and Natural Re-

sources Division under the Public Sector Development Programme (PSDP 2017-18) in Qirst two months (July-August) against the total allocation of Rs 2992.846 million for the current Qiscal year. According to the ofQicial data, Rs 1.798 million, out of Rs 8.992 million allocation, have been released for exploration and evaluation of metallic minerals in Bela and Uthal areas of district Lasbella, Balochistan. While, funds amounting to Rs 722.134 million have been provided for supply of gas to various localities in NA-112 of district Sialkot, NA-132 of district

Published by M S Raza Oﬀ# 42, 3rd Flr Gull Plaza M.A Road Karachi, Printed by Dhoom Printing Building No RY/A, 11/6,11/7, Mashoor Mahal,oﬀ I.I. Chundrigar Road, Karachi

Sheikhupura and PK-27 of district Mardan. This year, the government has earmarked Rs 415.807 million for acquisition of four drilling rigs with accessories for the Geological Survey of Pakistan, Rs 37.977 million for appraisal of newly discovered coal resources in Badin and its adjoining areas of Southern Sindh, Rs 3.492 million for exploration of tertiary coal in Central Salt Range of Punjab, Rs 387.421 million for supply of gas to Baddhomali Town of district Narowal, Rs 300.402 million for provision of gas to various villages of NA129 of district Lahore.