Customs duty exempted on import of industrial raw material

Jun 12

Customs duty exempted on import of industrial raw material

ISLAMABAD: Federal Minister for Industries and Production Hammad Azhar announced to exempt customs duties on import of industrial raw material. While presenting the Budget 2020/2021, the minister highlighted the key points of changes brought to Customs Act, 1990 through Finance Bill, 2020. He said that the government had initiated customs tariff rationalization during the last […]

by Mrs. Anjum Shahnawaz

FBR reconstitutes licensing committee for tracking transit, transshipment cargo

Jun 11

Pakistan Customs

FBR reconstitutes licensing committee for tracking transit, transshipment cargo

ISLAMABAD: Federal Board of Revenue (FBR) has re-constituted committee for grant of license for tracking transit and transshipment cargo. The FBR on Wednesday issued SRO 542(I)/2020 dated June 08, 2020 to amend Tracking and Monitoring of Cargo Rules, 2012. The reconstitution of committee shall comprise of Director General of Transit Trade (Chairman), Director Transit Trade […]

by Mrs. Anjum Shahnawaz

FBR allows repayment of customs duty on import of plastic raw material

Jun 3

Pakistan Customs

FBR allows repayment of customs duty on import of plastic raw material

ISLAMABAD: Federal Board of Revenue (FBR) has allowed repayment of customs duty at Rs5.42 per kilogram on import of raw material for manufacturing of plastic goods meant for export. The FBR on Tuesday issued SRO 461(I)/2020 to amend SRO 212(I)/2009 to allow repayment of export duty on import of raw material. Through the instant SRO […]

by Mrs. Anjum Shahnawaz

FBR advised to allow examination before filing GDs

May 21

Budget 2020-2021, Pakistan Customs

FBR advised to allow examination before filing GDs

KARACHI: Federal Board of Revenue (FBR) has been advised to allow examination/ weighment should be allowed before filing goods declaration (GDs) in order to verify contents of containers. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in its proposals for budget 2020/2021 submitted to the FBR said that as per proviso of para 1 […]

by Mrs. Anjum Shahnawaz

Time limit for customs valuation issuance should be fixed

May 16

Budget 2020-2021, Pakistan Customs

Time limit for customs valuation issuance should be fixed

KARACHI: Federal Board of Revenue (FBR) has been recommended to fix time limit for issuance of customs valuation. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in its proposals for budget 2020/2021, said that the validity of Valuation Ruling under Section, 25-A of the Customs Act, 1969 is life time utill or unless revised […]

by Mrs. Anjum Shahnawaz

Huge lot of Afghan transit vehicles to be auctioned on May 15

May 14

Auction, Pakistan Customs

Huge lot of Afghan transit vehicles to be auctioned on May 15

KARACHI: A large number of motor vehicles of Afghan Transit Trade has been offered for auction at Port Muhammad Bin Qasim International Terminal Operator (QICT), Karachi. The auction is scheduled for May 15, 2020. Following vehicles will be presented for auction: S. No. Lot No. Description No pkgs/Units 1 QAT=01July2011 Suzuki Jeep and Motorcycle 06 […]

by Mrs. Anjum Shahnawaz

FBR urged to reduce regulatory duty on lighting fittings

May 12

Budget 2020-2021, Pakistan Customs

FBR urged to reduce regulatory duty on lighting fittings

KARACHI: Federal Board of Revenue (FBR) has been urged to reduce regulatory duty on lighting fittings in alignment with LED bulbs and LED tubes. The Overseas Investors Chamber of Commerce and Industry (OICCI) in its proposals for budget 2020/2021 submitted to the FBR, stated that current regulatory duty on lighting fittings with fixed / fitted […]

by Mrs. Anjum Shahnawaz

May 7

Pakistan Customs

Pakistan Customs cadre strength (BS-17-22) increases to 501

ISLAMABAD: The cadre strength, which includes officers of BS-17 to BS-22, of Pakistan Customs Service (PCS) has increased to 501 by May 06, 2020, according to a notification issued by the Federal Board of Revenue (FBR) on Thursday. The number of senior officers of Pakistan Customs has increased by 25 from 476 on August 21, […]

by Mrs. Anjum Shahnawaz

FBR allows duty drawback on supplementary food items

May 6

Pakistan Customs

FBR allows duty drawback on supplementary food items

ISLAMABAD: Federal Board of Revenue (FBR) has allowed duty drawback on import of ready to use supplementary food, which included palm oil and skimmed milk. The FBR on Tuesday issued SRO 341(I)/2020 to allow 5.33 percent freight on board (fob) to the extent of customs duty. The duty drawback is available from April 27, 2020. […]

by Faisal Shahnawaz

PVC, PMC material allowed sales tax zero rating; Export Policy Order amended

May 5

Pakistan Customs

PVC, PMC material allowed sales tax zero rating; Export Policy Order amended

ISLAMABAD: The ministry of commerce has allowed zero rating of sales tax on supply of PVC and PMC meterials from Export Processing ZOnes, Manufacturing Bonds and export oriented units. The commerce ministry on Monday issued SRO 351(I)/2020 dated May 04, 2020 to amend Export Policy Order 2016 regarding supply of PVC and PMC materials. According […]

by Faisal Shahnawaz