Areas of Practice

We provide professional advice on issues pertaining to Customs, Sales Tax, Federal Excise and WTO both on retainer-ship and case-to-case basis. Services extended by us on these issues cover a wide range of areas including the following:

ANTI-DUMPING LAWS SAFEGUARD MEASURES AND COUNTER-VEILING DUTIES

ANTI-DUMPING LAWS SAFEGUARD MEASURES AND COUNTER-VEILING DUTIES

WTO Agreements allow member countries to protect their industries against subsidized imports by imposing anti-dumping and counter-veiling duties. We provide professional assistance to our clients to take up such matters with the National Tariff Commission and handle litigation in courts of law on their behalf.

 

BANKING LAWS

BANKING LAWS

Masood Aziz & Associates represents financial institutions as well as private individuals and companies in recovery matters initiated under the Financial Institutions (Recovery of Finances) Ordinance, 2001. We represent clients in Banking Courts and the High Courts of Pakistan in such matters.

We also provide advisory services regarding the application of State Bank of Pakistanâ??s foreign exchange regulations, prudential regulations and other regulatory laws to ensure compliance thereof.

We also advise financial institutions about the applicability of the Sindh Sales Tax on Services Act, 2011 and other similar provincial laws relevant to their operations.

 

COMPANY LAWS

COMPANY LAWS

 

The firm provides legal services in all matters relating to company law including the following:

  • Incorporation of companies including drafting of Memorandum and Articles of Association and company registration with the SECP;
  • Shareholders rights litigation;
  • Extend advice relating to compliance with various SECP laws, regulations, rules notifications and circulars; and
Regulatory actions before the SECP

 

CUSTOMS LAWS

CUSTOMS LAWS

Classification of Goods under the Harmonized System of World Customs Organization (WCO):

Classification of imports and exports in accordance with the Harmonized System of Classification of WCO is a critical component of assessment of goods. The application of the correct HS Code determines the applicable rate of duty and all consequent aspects of assessments including eligibility for the exemptions and concessions under various notifications including Free Trade Agreements (FTAs).

Masood Aziz & Associates indicates the applicable HS Code on the basis of information furnished by clients through invoices, catalogues, test reports and other relevant documents. We provide this service both at the pre-import and post-import stage as and when required by our clients.

Importability of Goods:

In order to preempt any disputes regarding the importability of goods under the Import Policy Order, we analyze details of goods to be imported, their technical specifications and usage and accordingly advise our clients whether there are any restrictions or conditions on the import of certain goods into Pakistan.

 Valuation of Goods:

Customs law on valuation provides an elaborate system of valuation based on the WTO Valuation Agreement implemented by Pakistan in 2000.

Determination of Customs value of goods is an important component of the assessment of goods for the determination of leviable amount of Customs duty and other taxes. Valuation disputes are quite frequent as the Customs authorities usually challenge the values declared by importers.

Our consultants assist our clients in this regard by advising them regarding the correct customs value of goods under the Customs Act, 1969. We provide professional assistance to our clients by citing the relevant provisions of Customs law in order to help them establish the correctness of the transaction value.

After the addition of Section 25A to the Customs Act, 1969, Valuation Rulings are frequently issued to fix the values of the imported goods. We help our clients to challenge such values to address their genuine grievances.

Export Trade Advisory:

Exporters frequently face difficulties in availing benefits of various export schemes. Our tax advisors maintain updated information of such concessions and procedures available under various schemes.

Our tax consultants evaluate the nature of clientsâ?? business models to advise them if any concessions are available to them under such schemes such as:

  • Duty drawback (Export rebate)
  • Refund or rebate on exports to specific countries like Afghanistan
  • Manufacturing Bond Scheme
  • Other export related schemes like the Duty and Tax Remission on Export (DTRE) and Export Oriented Units. 

Post Clearance Due Diligence Reviews

We conduct post clearance audit reviews for our clients in order to establish whether their Clearing Agents made the correct declaration in the Goods Declaration Form.

Our consultants review the Goods Declaration in the light of the provisions of Import/Export Policy Orders, Customs laws and other applicable regulations. Irregularities, if any, are identified and conveyed to the clients to avoid future disputes or mistakes of a similar nature.

 

DRAFTING OF COMMERCIAL AND CORPORATE AGREEMENTS

DRAFTING OF COMMERCIAL AND CORPORATE AGREEMENTS

Masood Aziz and Associates drafts and vets Corporate and Commercial Agreements including but not limited to:

  • Corporate Agreements;
  • Sale Agreements;
  • Employment Contracts;
  • Partnership Deeds;
  • Power of Attorneys;
  • Agency Agreements;
  • Joint Venture Agreements; and
  • Confidentiality Agreements

 

FAMILY LAWS

FAMILY LAWS

We act on behalf of private individuals in the Family Courts in matters relating to:

  • Dissolution of marriage by way of khula;
  • Maintenance of children and/or spouse;
  • Visitation Applications;
  • Custody of minor children;
  • Return of dowry articles; and
  • Guardianship

 

PUBLIC PROCUREMENT LAWS

PUBLIC PROCUREMENT LAWS

We advise and represent aggrieved clients in matters where a bidding process is not conducted as required to be carried out under the public procurement laws of Pakistan.

We also study bidding documents prior to their submission to ensure their compliance with the bidding criteria and process.

 

SALES TAX LAWS ON GOODS

SALES TAX LAWS ON GOODS

Over the years, Sales Tax has become a major tax in Pakistan. Frequent amendments in sales tax laws presents a challenge to sales tax registered persons.

Masood Aziz & Associates provides professional assistance on sales tax matters to local as well as multi-national entities.

Our services include advising clients on matters pertaining to:

  • Sales Tax Registration / De-Registration
  • Input-Output Tax Adjustment
  • Zero-Rating
  • Exemptions
  • Refund
  • Special Procedures
Our team conducts annual audit of sales tax records to pinpoint inadequacy, if any, to obviate the chances of an audit objection by Inland Revenue officers and auditors. We prepare replies to Audit Observations and objections raised by the Inland Revenue Department. We also regularly advise clients on matters requiring the approval or the intervention of officers at the Large Taxpayers Unit and Regional Tax Offices.

 

SALES TAX LAWS ON SERVICES

SALES TAX LAWS ON SERVICES

After the 18th amendment to the Constitution of Pakistan, the collection of sales tax on services has devolved to the provincial governments.

We provide legal advice on all matters pertaining to our clients of various services sectors including financial institutions, the industrial sector and other commercial entities.

Our services in this regard include advising clients on:

  • Sales Tax Registration / De-Registration
  • Input-Output Tax Adjustment
  • Exemptions
  • Refund
  • Special Procedures
  • Drafting replies to show cause notices

We also advise financial institutions about the applicability of the Sindh Sales Tax on Services Act, 2011 and other similar provincials laws on their operations.

We represent clients before the Sindh Revenue Board Appellate Tribunal as well as the High Courts of Pakistan to defend disputed matters of Sales Tax on Services.

 

TRAINING WORKSHOPS AND SEMINARS

TRAINING WORKSHOPS AND SEMINARS

Masood Aziz and Associates conducts training workshops and seminars for the training of its corporate clientâ??s employees. We have in the past conducted such workshops and seminars on the following topics:

  • Customs law and rules for levy of duty on imports and exports.
  • Classification and valuations of goods under the Customs Act, 1969.
  • Sales tax laws and procedure.
  • Various concessionary schemes notified by FBR so that clients are informed about all concessions available to them.
  • WTO Agreements and their implications for Pakistani importers and exporters.
  • WTO Valuation Agreement as implemented in Pakistan.
  • Export related incentives notified by the Government of Pakistan including the DTRE scheme.