KARACHI: Federal Board of Revenue (FBR) has proposed penalty for defaulting in payment for customs clearance by Authorized Economic Operators (AEOs). The FBR issued SRO 263(I)/2021 dated February 23, 2021 and proposed amendment to Customs Rules, 2002 related to authorized economic operators. According to the law, the authorized economic operator (AEO) is a certified entity […]

ISLAMABAD: Federal Board of Revenue (FBR) has issued eligibility conditions and criteria for grant of Authorized Economic Operator (AEO) status. The FBR issued SRO 1114(I)/2020 to notify rules related to Authorized Economic Operators. The economic operator means any entity like a legal person, undertaking or establishment which in the course of business is involved in […]