Pkrevenue.com

Category: Pakistan Customs

Pakistan Customs updates covering trade regulations, import-export policies, enforcement actions, and customs procedures at ports and border stations.

  • FBR issues rules for processing duty drawback claims

    FBR issues rules for processing duty drawback claims

    ISLAMABAD: Federal Board of Revenue (FBR) on Monday issued draft rules for processing duty drawback claims in order to speedy repayment of exporters.

    The FBR issued SRO 561(I)/2020 to amend Customs Rules, 2001 for processing and sanctioning of duty drawback claims.

    The FBR said that the claims of duty drawback shall be sanctioned by the Customs if the same are complete in all respect and on first in first out (FIFO) basis.

    However, comprehensive audit of duty drawback would be carried out by the Directorate General of Post Clearance Audit (PCA) of the FBR.

    Any recovery detected by the PCA may be deducted from the next duty drawback claim of the exporter besides initiating recovery proceedings under the recovery rules.

    The duty drawback payment of such claims that are complete in all respects shall be made on FIFO basis taking into account the date of filing of claim.

    A consolidated discrepancy report shall be sent by the collectorate to State Bank of Pakistan (SBP) on monthly basis. The SBP shall also send a scroll of all the duty drawback payments made to the exporters.

    For calculating amount of customs duties paid at the time of import, past six months import data may be used taking the average quantity or value of each class or description of the materials, including packing materials, from which a particular class or description of goods is ordinarily produced or manufactured. Average exchange rates of the same period may be taken into consideration.

    The average amount of customs duties paid on imported materials used in the manufacturing of components, intermediate or semi-finished products which are exported as such or further used for manufacture of goods shall be taken into account for the purpose of calculation of the duty drawback.

    The average amount of customs duties paid at the effective rate on the imported input materials shall be calculated for the last six months import data.

    The average FOB (freight on board) value of each class or description of the goods exported during the last six months may be taken into consideration for the class or description of goods for which export drawback rates are being determined.

    On requisition by the relevant association, director general may furnish trade statistics pertaining to each class or description of imported or exported goods for the past six months on the basis of which export drawback rates need to be determined.

    At the time of submitting an application, the association shall specify the complete calculation in accordance with the method of calculation as the FBR may notify and shall also furnish therewith the worksheets.

    The Director General may initiate exercise for determination of duty drawback rates on its own motion where it is found that: duty drawback rates have not been determined; where already determination rates have changed due to amendments in tariffs.

  • FBR grants Rs45 billion customs duty exemption under free trade agreements

    FBR grants Rs45 billion customs duty exemption under free trade agreements

    In a significant move to bolster trade and economic relationships, the Federal Board of Revenue (FBR) has granted Rs45 billion in customs duty exemptions and concessions on imports under various Free Trade Agreements (FTAs) and Preferential Trade Agreements (PTAs) for the fiscal year 2019/2020.

    (more…)
  • Illegal trading of currency, gold to be liable for imprisonment up to 14 years

    Illegal trading of currency, gold to be liable for imprisonment up to 14 years

    KARACHI: Passengers or crew members found involved in illegal trading of currency, gold or precious stones to be convicted with up to 14 years imprisonment along with huge amount of fine and penalty.

    (more…)
  • Customs officials promoted to post of assistant collector

    Customs officials promoted to post of assistant collector

    KARACHI: Federal Board of Revenue (FBR) on Friday notified promotions of customs officials to the post of Assistant Collector (BS-17) in the Pakistan Customs Service with immediate effect and until further orders.

    Following officers have been promoted to the post of Assistant Collector (BS-17):

    01. Muhammad Khalid, Superintendent, RTO, Gujranwala.

    02. Mehmood Ahmad Nasir, Superintendent, CRTO, Lahore.

    03. Manoo Mal Galwani, Superintendent, Model Customs Collectorate (MCC) Lahore.

    04. Amjad Lal Junejo, Superintendent, RTO, Hyderabad.

    05. Ms. Kausar Jabeen, Superintended, RTO-II Karachi.

    06. Samasam Qadir Shah, Superintendent Preventive Service, MCC (Enforcement & Compliance), Karachi.

    07. Nasir Iqbal Kasuri, Principal Appraiser, MCC (Appraisement and Facilitation) East, Karachi.

    08. Abdul Qayyum, Principal Appraiser, MCC (Appraisement & Facilitation)-East, Karachi.

    09. Shafiullah, Principal Appraiser, MCC (Appraisement and Facilitation) – East, Karachi.

    10. Abdul Hameed, Principal Appraiser, Directorate General of Customs Valuation, Karachi.

    The FBR said that promotion of the officers will take effect from the date of their joining/change assumption, subject to the condition that no disciplinary proceedings/inquiry is pending against them. Their formal posting will b notified separately.

    The FBR said that the officials will be on probation for a period of one year, extendable for further period, not exceeding one year, provided that if no order is issued the day following the termination of probationary period, the appointment shall deem to be held until further order.

  • Customs collectorates to observe extended working hours on June 29-30

    Customs collectorates to observe extended working hours on June 29-30

    KARACHI: Federal Board of Revenue (FBR) on Friday said that the collectorates of Customs will observe extended working hours on June 29 and 30, 2020 to facilitate trade and business in payment of duty and taxes.

    The FBR said that all filed offices of customs will remain open and observe extended working hours till 10:00 PM on June 29, 2020 (Monday) and till 12:00 midnight on June 30, 2020 (Tuesday) for collection of duty and taxes.

    The FBR directed chief collectors of Customs to establish liaison with the State Bank of Pakistan (SBP) and authorized branches of National Bank of Pakistan (NBP) to ensure transfer of the duty and taxes collected by these branches on June 30, 2020 to the respective branches of State Bank of Pakistan on the same date so as to account for the same towards collection for the month of June 2020.

  • ECC decides to abolish regulatory duty on smuggling prone items

    ECC decides to abolish regulatory duty on smuggling prone items

    ISLAMABAD – The Economic Coordination Committee (ECC) of the Cabinet has approved the abolition of regulatory duty on several items prone to smuggling, in a move aimed at discouraging illegal trade and enhancing legal imports.

    (more…)
  • Customs barred from auction of cigarettes without health warning

    Customs barred from auction of cigarettes without health warning

    ISLAMABAD: Customs authorities have been barred from auction of confiscated cigarettes without printed health warning.

    The Federal Board of Revenue (FBR) on Tuesday issued draft amendment to Customs Rules 2001. In this regard SRO 554(I)/2020 has been issued to invite comments from stakeholders.

    The FBR proposed amendment to sub-rule (3) of rule 58 of Customs Rules, 2001. The proposed amendment is: “(vi) cigarettes packing whereof does not bear printed graphical health warning in accordance with Section 3 of the Cigarettes (Printing of Warning) Ordinance, 1979.”

    Prior to this proposed amendment, as per sub-rule (3) the following goods shall not be put on auction and be sold or disposed off in the manner as prescribed by the FBR, namely:

    Arms and ammunition;

    Liquor/narcotics and like goods;

    Confiscated books, written material which in obscene, subversive, anti-state or anti-religion;

    Transit goods excluding confiscated goods; and

    Diplomatic cargo excluding confiscated goods.

  • FBR promotes 14 customs officers to BS-19

    FBR promotes 14 customs officers to BS-19

    ISLAMABAD: Federal Board of Revenue (FBR) on Thursday announced promotion of 14 officers of Pakistan Customs Service (PCS) from BS-18 to the post of Additional Collectors BS-19 on regular basis with immediate effect.

    Following officers have been promoted to BS-19:

    1. Ali Raza Turabi

    2. Dr. Imran Rasool Khan

    3. Muhammad Hassan Farid

    4. Ghulam Hyder Mahesar

    5. Muhammad Nauman Tashfeen

    6. Moeen Afzal Ali

    7. Junaid Usman Akram

    8. Rana Irfan Shaukat

    9. Saad Ata Rabbani

    10. Wajid Zaman

    11. Zakir Muhammad

    12. Ihsanullah Shah

    13. Ammara Durrani

    14. Muhammad Qasim Khokhar

    The FBR said that the officers who are already working in BS-19 on OPS basis will actualize their promotion against these posts.

    Posting / Transfer of the remaining officers will be notified separately, and they shall actualize accordingly.

    The officers who were drawing performance allowance prior to issuance of this notification shall continue to draw this allowance on their promotion.

  • DG Transit Trade Zahid Khokhar dies of COVID

    DG Transit Trade Zahid Khokhar dies of COVID

    KARACHI: Muhammad Zahid Khokhar, a BS-22 officer of the Pakistan Customs Service (PCS) and Director General of Transit Trade, passed away on Monday morning due to complications related to the coronavirus (COVID-19). He was one of the most senior and respected officers in the PCS and had only recently been promoted to the rank of BS-22.

    (more…)
  • FBR allows Rs9.4 billion regulatory duty exemption on vehicle import

    FBR allows Rs9.4 billion regulatory duty exemption on vehicle import

    ISLAMABAD: Federal Board of Revenue (FBR) has allowed exemption from regulatory duty to the tune of Rs9.4 billion on import of vehicles during outgoing fiscal year.

    According to official documents, the revenue body granted exemption from regulatory duty under SRO 640(I)/2018 and SRO 1265(I)/2018 on import of vehicles by new entrants.

    The FBR allowed regulatory duty exemption of Rs6.46 billion under SRO 1265(I)/2018. The FBR issued details of the exemption of regulatory duty under this SRO granted under Para 2 of SRO for import under SRO678-2004, Fifth Schedule, Chapter 99, SRO 492-2009, 565-2006, import of vehicles by new entrants.

    Another amount of Rs2.93 billion granted as exemption from regulatory duty under SRO 640(I)/2018. Giving description, the FBR said that exemption of RD was given under Para 2 of the SRO for imports under SRO 678-2004, Fifth Schedule, Chapter-99, SRO 492-2009, 565-2006, import of Vehicles by new entrants, etc.