To continue reading this content, please enable JavaScript in your browser settings and refresh this page. In the dynamic and often unpredictable world of ...

FBR has replaced the weight-based customs valuation system for imported auto parts with a new engine capacity and vehicle model-based framework to improve transparency and reduce disputes.

ISLAMABAD: The Federal Board of Revenue’s (FBR) Directorate General of Customs Valuation has increased the customs value for 62 models of older and used mobile phones, saying the move was aimed at ...

For several years, the Canada Border Services Agency (CBSA) has sought to limit the ability of non-resident importers to self-assess duties, surtaxes and other taxes on imported goods based on their ...

Experts believe the move will not only prevent the practice of imposing additional taxes through overvaluation but will also reduce opportunities for revenue evasion through false declarations. As a ...