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Tag: Goods Declarations

Business
  • Web Desk Karachi
  • Feb 26, 2025
FBR withdraws export facilitation scheme for iron and steel scrap to combat tax evasion

According to tax experts, by excluding iron and steel scrap from the EFS, importers of compressors and motors will now be required to pay all applicable taxes during the import process, including customs duties, sales tax, and income tax.

PEPRA employees
Business
  • Shahzad Paracha
  • Dec 06, 2023
12 importers face probe over alleged Rs477.3 million money laundering

The Customs Intelligence has initiated an inquiry into an alleged money laundering operation involving 12 importers who stand accused of transmitting foreign exchange amounting to Rs477.3 million ($1.69 million) through illegitimate channels.

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