AIRLINK 196.51 Increased By ▲ 4.67 (2.43%)
BOP 10.07 Increased By ▲ 0.20 (2.03%)
CNERGY 7.81 Increased By ▲ 0.14 (1.83%)
FCCL 38.46 Increased By ▲ 0.60 (1.58%)
FFL 15.72 Decreased By ▼ -0.04 (-0.25%)
FLYNG 24.54 Decreased By ▼ -0.77 (-3.04%)
HUBC 130.10 Decreased By ▼ -0.07 (-0.05%)
HUMNL 13.70 Increased By ▲ 0.11 (0.81%)
KEL 4.60 Decreased By ▼ -0.07 (-1.5%)
KOSM 6.20 Decreased By ▼ -0.01 (-0.16%)
MLCF 45.05 Increased By ▲ 0.76 (1.72%)
OGDC 206.65 Decreased By ▼ -0.22 (-0.11%)
PACE 6.60 Increased By ▲ 0.04 (0.61%)
PAEL 39.70 Decreased By ▼ -0.85 (-2.1%)
PIAHCLA 17.15 Decreased By ▼ -0.44 (-2.5%)
PIBTL 7.98 Decreased By ▼ -0.09 (-1.12%)
POWER 9.12 Decreased By ▼ -0.12 (-1.3%)
PPL 179.40 Increased By ▲ 0.84 (0.47%)
PRL 38.51 Decreased By ▼ -0.57 (-1.46%)
PTC 24.20 Increased By ▲ 0.06 (0.25%)
SEARL 109.15 Increased By ▲ 1.30 (1.21%)
SILK 1.01 Increased By ▲ 0.04 (4.12%)
SSGC 37.78 Decreased By ▼ -1.33 (-3.4%)
SYM 18.80 Decreased By ▼ -0.32 (-1.67%)
TELE 8.51 Decreased By ▼ -0.09 (-1.05%)
TPLP 12.12 Decreased By ▼ -0.25 (-2.02%)
TRG 64.69 Decreased By ▼ -1.32 (-2%)
WAVESAPP 12.01 Decreased By ▼ -0.77 (-6.03%)
WTL 1.64 Decreased By ▼ -0.06 (-3.53%)
YOUW 3.87 Decreased By ▼ -0.08 (-2.03%)
BR100 12,000 Increased By 69.2 (0.58%)
BR30 35,548 Decreased By -112 (-0.31%)
KSE100 114,256 Increased By 1049.3 (0.93%)
KSE30 35,870 Increased By 304.3 (0.86%)

The importers have started filing goods declaration (GD) electronically for clearance of consignments under the ''One Customs'' project.
Official sources told Business Recorder on Friday that the testing of the e-filing of GDs under the ''One Customs'' has been started at Lahore dry port. On the first day, 8-10 GDs were filed electronically.
The pre-testing of the paperless clearance process would continue for 30 days at Lahore, after which the project would be replicated all over the country.
They said that the e-filing of goods declaration would end direct interaction between the customs officials and the importers/exporters.
STARR OFFICE: The CBR has transferred the ''Sales Tax Automated Refund Repository computer system'' (Starr) office from Lahore to Islamabad. The infrastructure required for communication of data from collectorates to central repository system is in place. Technical staff has started working at the Headquarters. The software called Starr refund automation program was enhanced with the introduction of ''Streams'' (Sales Tax Risk Evaluation and Management System).
Now, the CBR members could check the Starr refund program without unnecessary communication with the field offices. All queries would be responded in no time due to the installation of the entire system at the Board.
The Board has already put in place an effective monitoring system for issuance of refund through Starr program. This would ensure the issuance refund within the laid down criteria. This has also ended the discretionary powers of field officials to overrule the system for issuance of sales tax refund.
TAX MANAGEMENT SYSTEM: The Tax Management System (TMS), a computerised program to handle income tax data, has been devised for the Regional Tax Offices (RTOs). The TMS will be a centralised system to deal with all income tax related data under a paperless environment.
The centralised system for income tax would become operational by the end of December. The Board has not purchased this system from any company, but has improved the existing systems.
However, the Board wants to purchase the Integrated Tax Management System (ITMS) to centralise sales tax, customs and income tax data.

Copyright Business Recorder, 2006

Comments

Comments are closed.