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ustoms Central Region has collected Rs 2,503 million all duty and taxes during the Nirst 15 day of September of the Ninancial year 2016-17. As per details, the Customs Appraisement Lahore collected Rs 911 million during period under review

while Customs Preventive Lahore collected Rs 835 million during the same period. On the other hand, the Collectorate of Multan collected Rs 686 million during the period under review. In the same way, the Collectorate of Customs Faisalabad collected Rs 70 million during the Nirst 15 days of September. Overall the Customs Central Region collected all duty and taxes from all the four Collectorate worth

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Rs 2503 million against assigned month’s target of Rs 5492 million. Sources told that Customs Central Region under the supervision of Chief Collector Zeba Hai Azhar has stated working aggressively to meet the Ninancial year’s revenue collection target. It is observed that due to team work of all the ofNicers and ofNicial Customs Central Region seems to be able make huge total in the Nirst quarter.

Customs Central Region collects Rs 2,503m duty, taxes in 15 days of Sep

Multan Customs handles export consignments of Rs.918.955m

Peshawar Customs collects Rs1236.40m in first 20 days of Sep

Hong Kong Customs alerts public on unsafe scooters

Multan Customs seizes contraband items worth Rs20 million

Customs Central Region has collected Rs 2,503 million duty and taxes | See pAge 01 |

Customs Collectorate has handled export consignments involving Rs918.955 m | See pAge 02 |

Customs House Peshawar has collected an amount of Rs 1236.40 m | See pAge 05 |

Hong Kong Customs alerted members of the public to the potential hazards posed | See pAge 07 |

Multan Customs seized the contraband items of worth Rs20m | See pAge 08 |

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FBR’s tax collection surges by 23% to Rs449b Friday, September 22, 2017

National

ISLAMABAD: Tax collections by the Federal Board of Revenue (FBR) have increased by 23 percent in the first two months (July-August) of the ongoing fiscal year (2017-18). Overall, the FBR collected to Rs449 billion in the corresponding months as compared to around Rs365 billion it collected in the similar period of the last fiscal year. The government set a tax collection target of four trillion rupees for the apex tax authorities for 2017-18 fiscal year, which is 19 percent more than the collection of Rs3,362 billion collected in 2016-17.

Multan customs handles export consignments of rs.918.955 million

ISLAMABAD

MULTAN

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iMrAn ALi

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he Federal Board of Revenue (FBR) has said that a non-filer of income tax return is required to pay 4 percent advance tax on a lease of a motor vehicle either leased by Sharia compliant or conventional mode of financial institution. The FBR explained the collection of tax on motor vehicle leased to non-filers through Sharia compliant mode under Section 231B of Income Tax Ordinance, 2001. The FBR said that prior to Finance Act, 2017 every leasing company, scheduled bank, investment bank or development finance institution or modaraba was obliged to collect advance tax under Section 231B of the ordinance at the rate of 3 percent upon leasing or a motor vehicle to a non-filer. Through the Finance Act, 2017 the ambit of collection of such tax has been extended in addition to above institutions, to a nonbanking financial institution and both Sharia compliant or conventional mode, either through Ijara or otherwise have been included in its ambit. Furthermore the rate of collection of advance tax under section 231B on lease of motor vehicle has been included from three percent to 4 percent of the value of the motor vehicle.

he Customs Collectorate has handled export consignments involving Rs918.955 million from Multan Dry Port during the month of August. According to the details, Customs Collectorate is providing swift clearance facilities to exporters of South Punjab region through Multan Dry Port. Sources told Customs Today that increase in export volume has been witnessed at the Multan Dry Port and Muzaffargarh export terminal during the existing Niscal year 2017-18. Exporters from South Punjab transacted various goods from Multan Dry Port are cotton yarn, garments, leathers shoes, leather, thread and other items. Multan Customs has exported local manufactured cloths of Rs286.978 million to various countries from Multan Dry Port during the month of August 2017-18. Multan Dry Port has exported Rs36.229 million garments from Multan Dry Ports through various shipments in August. Multan Dry Port handled export shipments of shoes uppers made up of leather and traditional leather goods contain the value of Rs117.444 million during the month of August. Cotton yarn is the main export item from Multan Dry Port with a volume of Rs100.861 million in current

fBr says non-filer to pay 4% advance tax on lease of motor vehicle

month of September for the existing Fiscal Year 2016-17. The export of fabric clothes from Multan Dry Port was Rs.780 million during the month of September. Multan Dry Port handled shipments of textile made up/ thread which consists of Rs40.816 million and remaining other export items

includes the amount of Rs336.627 million in the month of August. It is also necessary to mention here that Multan Customs handled different export shipments of Rs1831.920 million during the month of July and August of on-going economic year 2017-18. Boost in the export activities at

the Multan Dry Port also provides chance for the generation of further revenue through clearance of imports and it will also flourish the trade activities in the region. Exporters are utilizing best facilities of Multan Dry Port to the optimum level for the handling of their consignments to promote their trade.

79% of 54 top companies don’t file tax returns A

ISLAMABAD

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s many as 200,906 employees of 54 biggest companies of the country reportedly did not Nile tax returns in the Niscal year 201617. The Federal Board of Revenue (FBR) has identiNied the employees, who constitute 79 per cent of the total employees’ strength, did not Nile their tax returns. The employees of these big companies who Niled

their income tax returns stood at 53,579 – only 21pc of the total employees’ strength of 254,485. In the year 2016, the total number of people who Niled returns stood at 1.2 million. These are just 0.8pc of the population that FBR can trace to their homes or workplaces. This discrepancy has emerged from the comparison of the data compiled and maintained by the Pakistan Revenue Automation (PRAL), a subsidiary of the FBR. The breakup of non-Niling com-

panies shows that 25 companies fall in the jurisdiction of tax departments in Karachi city, followed by 17 in Lahore. The number of companies in Islamabad stood at 5, followed by three in Rawalpindi, two in Multan and one in Faisalabad city. In Karachi, the data shows that 6,478 (57pc) of the total employees of Habib Bank did not Nile their tax returns, followed by 9446 (90pc) of the Aga Khan Hospital and Medical College Foundation who skipped Niling their tax returns in 2016.

In civil aviation authority, 7,240 (77pc) employees did not Nile their tax returns; followed by 6, 255 employees (72pc) in Meezan Bank, 5,909 (74pc) in Pakistan Steel Mills Corporation (Pvt) Ltd; 5,962 (76pc) in K-Electric Ltd; 4,605 (68pc) in Sui Southern Gas Company Ltd; 4,527 (84pc) in Karachi Port Trust; 3,905 (75pc) in Karachi Electric Provident Fund; 2,940 (65pc) in Standard Chartered Bank (Pakistan) Ltd; 2,699 (66pc) in Faysal Bank Ltd; 3,433 (94pc) in the In-

dus Hospital; 1,970 or 60pc in Pakistan Space and Upper Atmosphere Research Commission. Similarly, 2,180 employees (68pc) did not Nile tax returns in 2016, followed by 2,137 (69pc) in NIB Bank Ltd; 1,025 (36pc) in Habib Metropolitan Bank; 2,764 (98pc) in B L Harbert International (Pvt) Ltd; 1,884 (70pc) in JS Bank Ltd; 2,439 (92pc) in Orient Energy Systems (Pvt) Ltd; 2,218 (85pc) in City Schools (Pvt) Ltd; 2,086 (84pc) in Pakistan Defence OfNicers Housing Authority.

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PESHAWAR

irfAn BAHADur

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he Customs House Peshawar has collected an amount of Rs 1236.40 million during Nirst 20 days of September FY 2017-18 which is Rs 150 million more than what it has collected in 20 days of September in previous FY 2016-17. The Model Customs Collectorate Peshawar has earned an amount of Rs 472.72 million under the head of customs duty (CD) during 20 days period of September 2017-18. The Collector appraised the customs ofNicials in a talk with Customs Today and said that the target of collection during current FY will also be achieved with the progressive work of customs staff. The Collector Gul Rehman told that Customs House Peshawar generated an amount of Rs 245.49million revenue by collection of sale tax on items while the Peshawar Customs got an amount of Rs 327.05 million revenue as AIT on products during the same time period of current month in September 2017-18. According to station wise progressive collection by all customs station the Torkham Customs Station collected handsome amount of Rs 471.28 million revenue in which it has collected Rs 177.593 million under the head of customs duty Rs 80 million as sales tax and Rs 200.50

million AIT during 20 days of September in current FY 2017-18. The Dry Port Peshawar collected an amount of Rs 398.45 million during Nirst 20 days of September where it has earned Rs 255.18 million under the head of customs duty, Rs146.38 million as sales tax, Rs63.96 million as additional income tax and Rs 3.80 million FED during Nirst 20 days of current FY 2017-18. The Bonded Ware House Peshawar collected an amount of Rs 173.29 million

during Nirst 20 days of September in which it has collected Rs69.17 million as customs duty (CD), Rs5.282 million as sales tax ,Rs 8.35 million AIT and Rs6.301 million FED during these 20 days of September 2017-18. Similarly the Air Flight Unit of Bacha Khan International Airport Peshawar has earned an amount of Rs 9.75 million revenue during these 20 days of September in which it has collected Rs 3.363 million custom duty, Rs 3.116 million ST and Rs 2.983 million AIT. The Customs House Peshawar has done brilliant to reach the Target revenue collection during the month of September and need appreciation. The Hazara Customs station collected an amount of Rs 122.48 million revenue during Nirst 20 days current month which is more than the collection of Hazara Customs at h t d station in Nirst 20 days l o nt ehma ted of previous FY. The r a l r u e n g tor r ge a w Kohat-SWH/KA cola h collec es n ouse p lected Rs 33.56 milmillio 9 H 4 s . 5 m n s 24 o r custo lion during Nirst 20 f x o a t t le oun days of September n of sa t o o an am i g t c s e coll stom y u while Customs I&I b c r e a u w reven pesha auction collected ion l e l i h t m e 5 whil an amount of Rs 327.0 g the items t of rs n u s durin 10.15 million revo t c m u a d n n o a r enue during these onth i iT on p rent m e as A r u u c n Nirst 20 days of Sepf e v o d re o i per 18 tember. 2017e time

sam

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Friday, September 22, 2017

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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

case of availing economic opportunities

he national and world media is buzzed with news reports that Pakistan is expected to become 25thlargest economy of the world, but the question is how much the nation is prepared to hold this position in next eight years. In the current scenario, China is appearing as the largest business and trade partner of Pakistan and is investing billions of rupees in infrastructural development projects across the country. China as the second largest economy of the world and is fast moving toward heavy industry from low and medium size industrial sector. Bangladesh is another aspirant of the Chinese investment and both countries have recently signed $22 billion worth of deals to shift small industrial units to Bangladesh. The Chinese government has reportedly extended Pakistan a similar investment offer and shifting of industrial units, but the policymakers in Islamabad are probably entangled in ifs and buts as usual. Another stumbling block is the lack of coordination between the federal and provincial governments. The time is running out and unpreparedness could have long term effects on the national economy as many other countries are ready to accept Chinese investment. According to newspaper reports, the Sindh government has refused to allocate funds for special incentive package to relocate dying industries from China to Pakistan. The federal cabinet had approved a special incentive package to relocate industries in nine special export processing zones which are to be set up under the China-Pakistan Economic Corridor. Now the Sindh Board of Investment has asked the federal government to review the incentive package. It is feared the Sindh government’s reluctance to allocate money could stop meaningful progress on the nine sites identified for the zones. This shows how much lethargy prevails in the official circles who are not willing to work for the cause of the nation. In 1952, a leading British publishing house had offered Pakistan to get the rights to publish technical books for Asian countries. However, due to ifs and buts, the rights were given to Japan which emerged as the economic power in later years. Regarding the Chinese units, some objections are also being raised from the private sector, but fact of the matter is that Pakistan needs new technology and industrial base.

new global economic order I

LAHORE

Dr AfTAB AfZAL

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n its Trade and Development Report 2017, the United Nations Conference on Trade and Development has stressed the need for concerted efforts to crowd in private investment to rev up the engines of growth and help rebalance economies and societies across the world.The report adds that no country can do this on its own without risking capital flight, a currency collapse and the threat of a deflationary spiral in this age of mobile finance and liberalized economic policies. Therefore, there is a need to devise a global strategy to in-

crease public expenditures and all the countries should be offered equal opportunities to benefit from their domestic and external markets.The world economy has been stunted by years of austerity and growing inequalities, with destabilising and dangerous effects on the political, social and environmental health of the planet. An urgent new global deal is need of the hour. The report calls for an equally ambitious effort to tackle the inequities of globalisation to build inclusive and sustainable economies. Special emphasis should be laid down on job creation and the expansion of tax bases to enable redistribution of wealth among

various segments of society. According to the report, the global economy will register a growth of 2.6 percent this year, which will be slightly higher than the 2.2 percent registered in 2016, and below 3.2 percent average seen in the years leading up to the financial crisis. It says the growth in developed countries is expected to tick in at 1.9 percent this year, up from 1.7 percent from the last year. The report holds the sluggish growth in richer nations responsible for limited growth in developing countries, and forecasts a growth of 4.2 percent this year up from 3.6 percent last year. Pakistan’s economy is facing

serious challenges from internal and external factors. A steep rise in fanaticism and jingoism in India has adversely affected regional peace and economic stability. The Indian politics revolves around Pakistan and it has not only threatened regional peace, but also slashed economic growth in the region. The South Asian Association for Regional Cooperation has been rendered ineffective deliberately by Indian policymakers, barring any effort to boost regional trade and cooperation. The initiative by United Nations is a welcome step and it is hoped the new global economic order may bring a paradigm shift in people’s lives.

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French wine, spirits exports rise by 12% to €6bn Friday September 22, 2017

World

PARIS: Exports of French wine and spirits have risen by 12% to €6 billion in the first six months of the year, driven by a rebound in wine sales and the continued strong performance of Cognac, the Fédération des Exportateurs de Vins & Spiritueux (FEVS) has revealed. FEVS reported that wine exports rose by 13% in value to €4 billion, and by 5% in volume to 69 million cases, in the first six months of 2017, according to figures released last week. All wine styles experienced a rise with sparkling wine up 10% in volume and 13% in value, and still wines up 5% in volume and 13% in value. In the same period, spirits exports rose by 9% in value to €1.9 billion, and 3% in volume to 24 million cases, driven largely by a 14% (value) and 7% (volume) rise in Cognac exports. Conversely, vodka exports dropped sharply in the first six months.

Hong kong customs alerts public on unsafe scooters

Bank of ireland raises €750m from bond sale DUBLIN

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HONG KONG

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ong Kong Customs today alerted members of the public to the potential hazards posed by six models of scooter. Test results indicated that the products could pose a risk of hand entrapment and falling down to users. The plastic packing bags might also pose a risk of suffocation. Customs ofNicers recently conducted spot checks at various districts and testbought 10 models of scooter available in the market for safety tests. Results from the Government Laboratory revealed that six of them failed to comply with the requirements stipulated in the International Standard ISO 8124 and the European Standard BS EN 71 and might pose a risk of hand entrapment and falling down to users. The plastic packing bags might also

central bank payout keeps Swiss budget in surplus ig profits from the Swiss National Bank’s massive foreign currency investments should help keep the country’s public finances in the black during 2017, Switzerland’s government said on Thursday. Interest and dividend payments from investments bought by the SNB during its campaign to weaken the highly-valued Swiss franc allowed it to hand over some 577 million Swiss francs ($605.52 million) to federal government this year. The country’s 26 cantons, or states, have received just over 1.1 billion francs. But higher spending in areas like welfare and rail infrastructure mean the federal government is likely to end 2017 “only with a small surplus” of 530 million francs, less than last year’s 1.87 billion francs, the finance department said. –CB Report

pose a risk of suffocation. Prohibition notices were served to the retailers and distributor concerned on supplying the scooters. Customs suggests that parents read the warning labels and operation manuals of the scooters, and provide supervision to ensure children’s safety in the course of using the scooters. Under the Toys and Children’s Prod-

ucts Safety Ordinance, it is an offence to import, manufacture or supply toys unless the toys comply with prescribed safety standards. The maximum penalty upon conviction is a Nine of $100,000 and imprisonment for one year on Nirst conviction, and a Nine of $500,000 and imprisonment for two years on subsequent conviction.

Malaysia increases oct crude palm oil export tax to 6.0 percent

alaysia, the world’s secondlargest palm oil producer after Indonesia, will raise its crude palm oil export tax to 6% in October, up from 5.5% the previous month, according to a government circular. The Southeast Asian nation calculated a palm oil reference price of 2,754.18 ringgit (US$657.32) per tonne for October. A price above 2,250 ringgit incurs a tax, and Malaysia had main-

tained the tax at 5.5% in September from August. Palm oil benchmark prices fell 0.2% to 2,867 ringgit at the close of trade on Thursday evening. Meanwhile, Malaysia’s distributive trade, as measured by the volume index of wholesale and retail trade, rose 9.4% to 157.7 points in July from 144.1 points a year ago, thanks to higher sales in the retail trade segment. –CB Report

ank of Ireland raised about €750 million through the sale of the Nirst batch of junior debt from its new holding company, which was set up under new European rules designed to minimise taxpayer bailouts in the event of a future crisis. The bank sold £300 million (€333 million) of socalled Tier 2 notes, which were priced to carry an interest rate of about 3.3 per cent and are due to mature in 10 years’ time. It also sold $500 million (€418 million) of similar bonds, which were priced to yield about 4.2 per cent. Bank of Ireland set up the holding company in July following consultation with the euro zone’s Single Resolution Board, which is responsible for overhauling or even winding down ailing banks in the event of a fu-

ture crisis. AIB is planning a similar structure. Debt – both junior and senior – issued in future by the holding companies could be “bailed in” if needed, before state support would be drawn upon. Deposits, however, will remain in the existing operating banks, where they would enjoy greater protection. Investec analyst Owen Callan estimates that Bank of Ireland will need to issue between €4 billion and €5 billion of “bail-inable” debt, or what are known as minimum requirement for own funds and eligible liabilities (MREL), in the next few years. Meanwhile, The Bank of Ireland is removing the country’s ofNicial Nirst language from its ATMs and its Gaelic-speaking customers are none too happy about it. According to a report at Irish Central, the change is being made as the bank updates its dispense-only cash machines with ATMs that also take deposits. The new machines will be programmed for English only; older units offer both the option to complete transactions in either Gaelic or English.

Singapore July retail sales up 1.8pc

etail sales in July showed modest signs of recovery as it notched gains year on year (yo-y), a continuation of the upward trend seen in June. Total sales in July was up 1.8 per cent compared to a year ago, according to the latest data released by the Department of Statistics. Excluding motor vehicles, retail sales was up 2.2 per cent. It was also 3 per cent higher compared to the previous month of June. Excluding car sales, the Nigure stood at 2.6 per cent. On a year-on-year basis, sales at petrol service stations showed the biggest improvement with 8.1 per cent, followed by med-

ical goods and toiletries at 7.3 per cent. Furniture and household equipment fared the worst, with a dive of 6.3 per cent in sales. Compared to the previous month, recreational goods saw the best performance at 6.4 per cent, followed closely behind by department store sales at 6.3 per cent. Sales of watches and jewellery, as well as furniture and household equipment, fell the most at 4 per cent and 3.9 per cent respectively. Sales of food and beverage services, however, dipped marginally at 0.5 per cent year on year in July, although it went up by 1.6 per cent compared to June. –CB Report

Doha Bank cuts staﬀ after Qatar’s rift with neighbors

D DUBAI

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oha Bank DOBK.QA has cut around 10 jobs in the United Arab Emirates and plans to put some staff in the region on unpaid leave, sources said, as it copes with the fallout from Qatar’s rift with its Arab neighbors. Qatar’s

fifth-biggest lender will decide by the end of the year whether to make those going on long-term leave redundant if conditions have not improved, said two of the sources familiar with the matter. One source said around 100 staff could be put on leave, while another said it might be as high as 200, although the sources said the final number might be different.

The sources declined to be named as the matter is not yet public. In a statement to Reuters, Doha Bank said the information was incorrect but declined to elaborate. The bank employs 1,571 staff, according to its profile on Linkedin. Saudi Arabia, Egypt, the United Arab Emirates and Bahrain severed diplomatic relations and transport ties with Qatar in June,

accusing Qatar of backing terrorism, an allegation that Doha denies. As a result, banks from the other Arab states have been pulling deposits and loans from Qatari banks, raising their funding costs. Foreign customers’ deposits at banks in Qatar shrank to 157.2 billion riyals ($43.2 billion) in July from 170.6 billion riyals in June, Qatari central bank data shows.

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Customs Intelligence frustrates bid to smuggle shoes into Pakistan FAISALABAD: The Customs Intelligence and Investigation team conﬁscated the smuggling shoes worth Rs2.6million involving duties and taxes of Rs1.9million during vehicles’ checking. The team also impounded the trailer valued at Rs300000. Sources told Customs Today that the Customs Intelligence team, following the directions of Deputy Director Muhammad Azam, conducted diﬀerent raids to arrest the smuggling in the region.

Friday, September 22, 2017

CUSTOMS BULLETIN

Multan customs seizes contraband items worth rs20 million MULTAN iMrAn ALi

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ollectorate of Customs Multan seized the contraband items of worth Rs20 million during raid in Dhobi Mohallah and arrested two accused persons in their action. Sources told Customs Today that Collector Saud Imran Ahmad and Deputy Collector Saad Ata Rabbani received credible information that bulk quantity of contraband smuggled goods were hidden in private warehouse located in the Cantonment region. Collector Saud Imran formed special team on the basis of certain information which comprised of Superintendent Habibur Rehman, Inspector Rana Mujtaba Noon, Inspector Saleem Khan, Inspector Maqsood and others to take action against smuggled goods. Customs anti-smuggling squad raided the Uppel Shaheed Road Multan Cantonment where they found huge quantities of smuggled goods which were dumped in the house located in the congested streets area in Cantt. Smugglers were used to supply these smuggled goods to different retailers of South Punjab especially in Multan. Multan Customs

cordoned out the said streets during their anti-smuggling action to capture accuse and to avoid any retaliation from owners. Customs teams found foreign origin cigarettes, Pan Parag, Gutka,

chewing tobaccos and other goods were lying in the gowdon. Customs teams arrested two accuse in their action that were identiNied as Muhammad Naeem and Arslan Khan during their action. It was re-

vealed during the initial investigations of customs anti-smuggling team that these non-duties paid dumped goods were in the possession of alleged Ameer Khan Pan Shop cantt. Said is one of the main

supplier of these non-customs paid goods to retailers in the city. The values of seized goods were almost Rs20 million. Customs teams shifted these goods in the Multan Customs House for further investigations.

iHc seeks record of tax matter filed by M/s Huawei Technologies ISLAMABAD

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bench of Islamabad High Court directed counsels to submit record while hearing a tax matter Niled by M/s Huawei Technologies. IHC bench comprising Justice Aamer Farooq was hearing the matter challenging large Taxpayers Unit’s show cause notice under the head of federal excise duty

(FED). M/s Huawei Technologies had submitted the department had issued the demand for the tax year 2010 in head of sales tax. Federal Board of Revenue (FBR), ofNicers of LTU including commissioner Inland Revenue, commissioner Inland Revenue (Appeals) and Appellate Tribunal Inland Revenue (ATIR) were made respondent in the case. M/s Huawei Technologies prayed that the assessment order issued by the LTU ofNicer was illegal, unlawful and without legal grounds. The appellant had submitted before the court that the impugned order

was issued under mala Nide intentions and had no legal standing or authority and the court may decide

on relief which it deemed appropriate in this regard. It also stated that due legal course was not followed

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

by the department in issuing the order. The petitioner had prayed the court that issued order by the tax authority may kindly be suspended till the decision of appeal pending before the Nield ofNice of board. In recent months the court had also disposed of cases Niled from the same appellant challenging different recovery claims by the board. Earlier, another bench of IHC had reserved decision on another tax matter Niled by the same appellant. In that matter the appellant had challenged another recovery notice issued to it in head of outstanding sales tax by the LTU, Islamabad.