Page 2 - Customs Wing News Today : Breaking News, Live Updates & Top Stories | Vimarsana

National April 28, 2021 ISLAMABAD: To facilitate the exporters of confectionery products, the Federal Board of Revenue (FBR) has substantially increased the customs duty drawback on the exports of confectionery items with effect from April 26, 2021. The Federal Board of Revenue (FBR) has amended the standard duty drawback notification SRO. 212(I)/2009 through a notification issued here on Tuesday. According to an announcement of the Federal Board of Revenue, “In line with Prime Minister’s Initiative of ‘ Make in Pakistan, FBR has issued SRO 520(I)/2021 dated 26.4,2021 revising duty dra...

National April 28, 2021 ISLAMABAD: To facilitate the exporters of confectionery products, the Federal Board of Revenue (FBR) has substantially increased the customs duty drawback on the exports of confectionery items with effect from April 26, 2021. The FBR has amended the standard duty drawback notification SRO. 212(I)/2009 through a notification issued here on Tuesday. According to an announcement of the FBR, “In line with Prime Minister’s Initiative of ‘ Make in Pakistan, FBR has issued SRO 520(I)/2021 dated 26.4,2021 revising duty drawback rates upwards for confectionery items to p...

Rs 1 crore worth of gold seized at RGI airport According to official sources, based on specific inputs, officials of the Directorate of Revenue Intelligence seized the gold and detained the passenger. Share Via Email   |  A+A A- By Express News Service HYDERABAD:  Airport  officials seized gold worth around Rs 1 crore in two different operations at the RGI airport on Monday. In the first case, the passenger, who had arrived from Dubai, had concealed gold biscuits weighing 2.3 kg in a life jacket provided on the aircraft. According to official sources, based on specific inputs, offi...

Pakistan’s law enforcement agencies need to enhance their understanding and knowledge of risks related to TBML “International trade networks can attract criminals and terrorists financiers who exploit the interconnected supply chains to launder the proceeds of crime or finance terrorism. Recognising trade-based money laundering is difficult, particularly when there is a lack of understanding of this technique,” FATF/Egmont Trade-based Money Laundering: Trends and Developments, December 2020. The Financial Action Tax Force (FATF), in its reports of 2006, 2008, 2012 and 2020, has highli...