Day: December 12, 2021

Pakistan Customs (FBR) has seized smuggled goods worth more than Rs. 10 Million at Torkhan Border.

As per details received, a vehicle bearing registration No KAB 465 entered Pakistan through Customs Station at Torkham Border, apparently loaded with yam.

According to the statement released by the FBR, it was subjected to a scanner and subsequent inspection. Upon detailed physical examination of the said vehicle, it was found out that it carried miscellaneous goods including suiting cloth, Indian origin hookah/ chewing tobacco, rat poison, firecrackers and medicine etc, valuing Rs. 10.50 million, involving duty/taxes worth Rs. 7.9 million.

The total untaxed goods along with the vehicle have been seized by Pakistan Customs and FIR has been lodged against the arrested person.

Adviser to PM on Finance and Revenue, Shaukat Tarin has commended FBR for its ongoing crackdown against smugglers and appreciated its continued drive against tax evasion. Similarly, Dr. Muhammad Ashfaq Ahmed, Chairman FBR/Secretary Revenue Division, has lauded the unfaltering determination of Member Customs (Operations), Syed Muhammad Tariq Huda, who has led his team by example.

He also appreciated the Customs staff on duty at Torkham and announced cash awards and recognition certificates for the team. He reiterated his unflinching resolve against smuggling and reaffirmed that team FBR will continue to fight this menace in its all forms and manifestations.

Source: Pro Pakistani

Laptops and personal computers are likely to get more expensive in Pakistan as the government is looking to impose a 17 percent sales tax on all kinds of computers under the supplementary finance bill 2021, which will be tabled before the National Assembly.

Sources told Propakistani that at the present, the sales tax is exempted on the import and local supplies of computers. It has been proposed to levy 17 percent sales tax on laptop computers, personal computers and notebooks.

The relevant entities in the Exemption Schedule of the Sales Tax Act 1990 will be deleted through the supplementary finance bill 2021. The withdrawal of sales tax exemption will impose a standard rate of 17 percent sales tax on all kinds of computers imported in the country.

Source: Pro Pakistani