The Federal Board of Revenue (FBR) has decided to waive the penal surcharge on goods that have overstayed at warehouses. The announcement was made through the issuance of SRO 1399(I)/2021 dated October 27, 2021. This move is expected to provide relief to businesses and importers who have faced challenges due to extended storage periods. Key … Continue reading FBR announces waiver of penal surcharge