Pak, China Customs ink MoU to setup Electronic Data Interchange

KARACHI: Pakistan Customs and the China Customs have signed an agreement to establish Electronic Data Interchange (EDI) aimed at reducing the incidences of revenue losses/under invoicing. The sources told Customs Today that the Pakistan Customs, after the agreement was signed in China, procured software/machines for the EDI establishment. The EDI would help access trade documents […]

Online ‘E’ form for Exporters Launched

under-invoicing cases to be processed under money laundering laws

State Bank of Pakistan (SBP) and Pakistan Customs has launched online electronic “E” form for the exporters. A training workshop was organised at Rice Exporters Association of Pakistan (Reap) House to guide the exporters and Customs agents for filing of online “E” form. During the workshop Abdul Majid Yousufani, Director Reforms and Automation, Pakistan Customs and Zulfiqar Khokhar, Additional […]

Customs submits reply to SHC on petition challenging blocking of user’s ID on WeBOC

under-invoicing cases to be processed under money laundering laws

KARACHI: The Customs Department has submitted a reply with the Sindh High Court on a petition of a customs bonded carrier, challenging the blocking of its Web Based One Customs (WeBOC) user ID, stating that its user ID was blocked due to its involvement in smuggling of a huge quantity of assorted foreign-origin alcohol into […]

FBR to issue notices to tax defaulters from September 15

KARACHI: Federal Board of Revenue (FBR) decided to send notices to over 1,30,000 tax defaulters of 2013-14, from September 15,2015. According to the sources the above said defaulters are registered taxpayers but they avoiding to submit their tax returns of the year 2013-14. All regional tax offices already completed lists of defaulters. The notices are […]

FBR to start campaign against non-taxpayers of electronics dealers

ISLAMABAD: Directorate of Intelligence and Investigation Inland Revenue of Federal Board of Revenue (FBR) has decided to start campaign against non-taxpayers of electronics dealers . According to sources, Directorate of Intelligence and Investigation Inland Revenue has received information that most of the electronic dealers are involved in tax evasion, these dealers has large scales of […]