May 7

Customs stations to remain operational during Eid Holidays

ISLAMABAD: Federal Board of Revenue (FBR) on Friday directed customs collectorates to observe normal working hours during Eid Holidays in order to facilitate trade and industry to clearance their goods. The FBR directed the customs station to observe normal working days on May 08, May 10 and May 11 of 2021. The FBR said that […]

by Mrs. Anjum Shahnawaz

FBR notifies duty exemption on cotton yarn import

May 6

Pakistan Customs

FBR notifies duty exemption on cotton yarn import

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday notified exemption of customs duty on import of cotton yarn till June 30, 2021. The FBR issues SRO 533(I)/2021 to comply with the decision of Economic Coordination Committee of the Cabinet (ECC) to exempt whole of customs duty on import of cotton and cotton yarn. The ECC […]

by Faisal Shahnawaz

FBR releases Rs8.92bn against duty drawback claims

Apr 27

Pakistan Customs

FBR releases Rs8.92bn against duty drawback claims

ISLAMABAD: Federal Board of Revenue (FBR) has issued an amount of Rs8.92 billion against duty drawback claims during last four months, according to a statement issued on Tuesday. The FBR said that following the vision of Prime Minister, Pakistan Customs wing has resolved the long-standing demand of exporters by paying Rs. 8.92 billion duty drawback […]

by Mrs. Anjum Shahnawaz

DG Customs Valuation assigned task to stop trade based money laundering

Apr 23

Pakistan Customs

DG Customs Valuation assigned task to stop trade based money laundering

ISLAMABAD: Directorate General of Customs Valuation has been assigned to stop trade based money laundering through effective monitoring of goods clearance specially those goods having lower duty rates or exempt from duty and taxes. The Federal Board of Revenue (FBR) on Friday issued SRO 503(I)/2021 to redefine functions of the Directorate General of Customs Valuation. […]

by Mrs. Anjum Shahnawaz

Tourists allowed retaining motor vehicles without duty, taxes for six months

Apr 23

Pakistan Customs

Tourists allowed retaining motor vehicles without duty, taxes for six months

ISLAMABAD: Federal Board of Revenue (FBR) has allowed tourists/foreign travelling Pakistan to bring motor vehicles without payment of duty and taxes and retain such motor vehicles for six months. The FBR issued SRO 495(I)/2021 on Thursday to amend Customs Rules, 2001. Through the amendment the retention period of motor vehicles has been increased to six […]

by Mrs. Anjum Shahnawaz

Apr 21

Pakistan Customs

Pakistan Customs launches automated scanning of imported consignments

ISLAMABAD: Pakistan Customs has launched a new automated scanning facility for containerized import consignments of industrial raw materials for speedy clearance, a statement said on Wednesday. The new system has been introduced in WeBOC system. The introduction of Non-Intrusive Inspection System by Customs was a long awaited initiative aimed at replacing physical inspection of cargo […]

by Mrs. Anjum Shahnawaz

Ministry imposes ban on import of conventional syringes

Apr 16

Pakistan Customs

Ministry imposes ban on import of conventional syringes

ISLAMABAD: The ministry of commerce on Friday imposed ban on import of conventional syringes with immediate as the government had already granted incentives on import of auto disable syringes through latest amendment to relevant laws. The ministry of commerce issued SRO 483(I)/2021 dated April 16, 2021 to amend Import Policy Order, 2020. Through the notification […]

by Mrs. Anjum Shahnawaz

FBR reinstates customs officials of Peshawar collectorate

Apr 15

Pakistan Customs

FBR reinstates customs officials of Peshawar collectorate

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday reinstated six customs officials into services, who were suspended for violating government service rules. The following BS-16 officers of Model Customs Collectorate (Enforcement and Compliance), Peshawar, who were placed under suspension dated August 11, 2020 have been reinstated into services with immediate effect and until further orders: […]

by Mrs. Anjum Shahnawaz

Duty rebate payment to textile sector increases by over 100pc

Apr 11

Pakistan Customs

Duty rebate payment to textile sector increases by over 100pc

ISLAMABAD: The payment of customs duty rebate to textile sector increased by over 100 percent during tax year 2020, which shows the commitment of Federal Board of Revenue (FBR) to facilitate the most import sector for resolving liquidity issues. The payment of customs duty rebated was Rs18.31 billion during tax year 2020 as compared with […]

by Mrs. Anjum Shahnawaz

President signs Pakistan Single Window Act

Apr 9

National, Pakistan Customs

President signs Pakistan Single Window Act

ISLAMABAD: President of Pakistan, Dr. Arif Alvi on Friday signed the Pakistan Single Window Act, 2021, a statement said. Under the Pakistan Single Window Act, an independent institution having a Governing Council and Secretariat, would be established for the facilitation of national and international trade. The new law will provide a coordinated one-window system to […]

by Mrs. Anjum Shahnawaz