AIRLINK 79.41 Increased By ▲ 1.02 (1.3%)
BOP 5.33 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.38 Increased By ▲ 0.05 (1.15%)
DFML 33.19 Increased By ▲ 2.32 (7.52%)
DGKC 76.87 Decreased By ▼ -1.64 (-2.09%)
FCCL 20.53 Decreased By ▼ -0.05 (-0.24%)
FFBL 31.40 Decreased By ▼ -0.90 (-2.79%)
FFL 9.85 Decreased By ▼ -0.37 (-3.62%)
GGL 10.25 Decreased By ▼ -0.04 (-0.39%)
HBL 117.93 Decreased By ▼ -0.57 (-0.48%)
HUBC 134.10 Decreased By ▼ -1.00 (-0.74%)
HUMNL 7.00 Increased By ▲ 0.13 (1.89%)
KEL 4.67 Increased By ▲ 0.50 (11.99%)
KOSM 4.74 Increased By ▲ 0.01 (0.21%)
MLCF 37.44 Decreased By ▼ -1.23 (-3.18%)
OGDC 136.70 Increased By ▲ 1.85 (1.37%)
PAEL 23.15 Decreased By ▼ -0.25 (-1.07%)
PIAA 26.55 Decreased By ▼ -0.09 (-0.34%)
PIBTL 7.00 Decreased By ▼ -0.02 (-0.28%)
PPL 113.75 Increased By ▲ 0.30 (0.26%)
PRL 27.52 Decreased By ▼ -0.21 (-0.76%)
PTC 14.75 Increased By ▲ 0.15 (1.03%)
SEARL 57.20 Increased By ▲ 0.70 (1.24%)
SNGP 67.50 Increased By ▲ 1.20 (1.81%)
SSGC 11.09 Increased By ▲ 0.15 (1.37%)
TELE 9.23 Increased By ▲ 0.08 (0.87%)
TPLP 11.56 Decreased By ▼ -0.11 (-0.94%)
TRG 72.10 Increased By ▲ 0.67 (0.94%)
UNITY 24.82 Increased By ▲ 0.31 (1.26%)
WTL 1.40 Increased By ▲ 0.07 (5.26%)
BR100 7,526 Increased By 32.9 (0.44%)
BR30 24,650 Increased By 91.4 (0.37%)
KSE100 71,971 Decreased By -80.5 (-0.11%)
KSE30 23,749 Decreased By -58.8 (-0.25%)
Top News

Licensed agents: SRB allowed to access customs data

RECORDER REPORT ISLAMABAD: The Federal Board of Revenue (FBR) has allowed the Sindh Revenue Board (SRB) to access the
Published June 28, 2012

 RECORDER REPORT

ISLAMABAD: The Federal Board of Revenue (FBR) has allowed the Sindh Revenue Board (SRB) to access the customs data along with the list of licensed customs agents to ensure proper payment of sales tax by service providers (customs agents).

Sources told Business Recorder here on Wednesday that the FBR has written a letter to S. Mushtaq Kazmi Member Tax Policy SRB, Karachi on sharing of FBR's Customs data with the SRB. It is a big development that the FBR has authorised the SRB to access the customs data pertaining to the licensed customs agents. The sharing of data would enable the SRB to know about the customs agents and number of goods declarations filed by such agents on behalf of importers. The exact data would also facilitate the SRB to properly collect sales tax on services provided by the licensed customs agents. Customs data can update the SRB about the day to day clearances made by the customs agents. As a result of on-going negotiations between the SRB and the FBR, the federal tax authorities have finally authorized the SRB to access customs data relating to the licensed customs agents.

The FBR has informed the SRB that after negotiations, the Board has authorised the SRB to access the following customs data: Firstly, list of the licensed customs agents available with the Model Customs Collectorate Appraisement Karachi. Secondly, the number of Goods Declarations (GDs) filed by these agents in a given time period.

As regards the other data related to shipping agents, stevedores, ship management services, freight forwarding agents, ship chandlers, port/airport operators etc, the SRB may contact the relevant agencies directly for the requisite information, FBR added.

Comments

Comments are closed.