Tue sept 16 mon sept 22, 2014

Page 1

daily on www.customstoday.com

Find us on

pAKISTAN’S fIRST INdepTH NewSpApeR oN CuSToMS

AbC Certified vol 2 Issue No. 35

Karachi, Tue Sept 16 - Mon Sept 22, 2014

weekly

Regd. No, MC-1381

Price Rs. 50.00

deLegATINg poweRS

Collectors of Customs and Chief Commissioners would be empowered to take administrative action against all designations up to Grade16. | See pAge 06 |

Chief Collector Rozi Khan Burki urges all collectorates to gear up their efforts to achieve targets of this fiscal year See pAge 09 | ReMovINg HuRdLeS

— Exclusive Customs Today photo

ACHIevINg TARgeTS

Speedy dISpoSAL of SouTH puNjAb CASeS

CuSToMSINTeLLIgeNCeToeSTAbLISH CAMpoffICeINMuLTAN:bAjwA

DG Transit Trade Khawar Farid Maneka held a meeting with customs officials to discuss 11 issues related to WeBOC and 12 issues related to the transit trade. | See pAge 03 |

Holder of taxpayer card to get numerous benefits; refunds to textile sector to be completed till 30th

SeIzINg fAbRIC TRuCKS MULTAN

IMRAN ALI KHAN

www.customstoday.com

Fabric importers should come up with legal import documents of the consignments to clear their seized items, says Nadeem Ahsan. | See pAge 09 |

F

BR Chairman Tariq Bajwa disclosed that Nadra had designed a ‘distinction’ card for the taxpayers and holders of this card will get numerous beneQits. Addressing members of Multan Chamber of Commerce and Industry

(MCCI), Bajwa pointed out that holders of this card would be entitled to pay concessional tax on the purchase of cars and entitled to waiver of withholding tax on the purchase of property. He warned that the government had decided to impose maximum tax on evaders. He pointed out that the tax-toGDP ratio declined during the recent years despite increase in tax rate, adding that if tax-to-GDP ratio increased by 13 percent, there would be no need of foreign loans

or borrowing from the banks. He disclosed that the FBR had paid more than Rs20 billion to 22,000 small and medium enterprises (SMEs) as tax refunds while the payment of refunds to textile sector would be completed till September 30. The FBR chief said that about 30 to 35 thousand new taxpayers had Qiled their declarations during current Qiscal year. See page 10

Top 10,000 retailers to be brought into tax net


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.