A magazine covering auto & allied sectors


Atlas Honda Sales Tax Reg istration restored

Atlas Honda Sales Tax Registration restored on court order

The sales tax registration of Atlas Honda Limited was restored after the order passed by Sindh High Court, which also restricted the Large Taxpayers Unit (LTU) Karachi from taking any coercive action till next hearing date. In ...
by Nasir Mahmood


K-Electric flouting the NEPRA orders

The National Electric Power Regulatory Authority has ordered the management of K-Electric to immediately stop the provision of hook (Kunda) connections and in future connections be given in accordance with the prevailing rules/...
by Nasir Mahmood customs value of cbu motorcycle

Custom Valuation Ruling Fraud

The Association of Pakistan Motorcycle Assemblers (APMA) has questioned the role of EDB and FBR as to what they have done to eliminate the Valuation Ruling No. 458/2012 dated May 24, 2012. “This ruling by the Directorate ...
by Nasir Mahmood


iorc duty

IORC costing billions’ loss?

The unnatural and illegal system of “IORC” in automobile industry is depriving the government of Rs 50 to 70 billion in terms of tax revenue each year. According to informed sources the corruption and maladministrat...
by Nasir Mahmood


Case against Transmission Engineering & Millat Tractors

M/s: BRR Guardian Modaraba (formerly Guardian Modaraba) has filed a recovery suit in Banking Court Karachi against Transmission Engineering Industries Limited and Millat Tractors Limited for a sum of Rs.33,540,393/-. According ...
by Nasir Mahmood



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