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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
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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