Financial Updates

The blog "FINANCIAL UPDATES" consists on exclusive economic and commerce news about across the world particularly Pakistan economy

Tuesday, February 12, 2013

FBR calls for customs budget proposals

Ishfaq A Mughal 

The Federal Board of Revenue (FBR) has called for customs budget proposals for the next fiscal year 2013-14.
 
According to insider sources in FBR, a circular has been issued from the tax authorities on Tuesday in which they asked for submitting customs budget proposals to change in tariff slabs, Rules and Procedures, Customs Act, and Industrial Act.
 
Now, importers, industrialists and other concerns individuals and organizations will submit proposals for changing in customs rules. The economic managers of the government will decide to reject and accept of the proposals by keeping view of their impact on national economic and tax collections.

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