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Tag: commerce ministry

  • Raw materials excluded from import banned items list

    Raw materials excluded from import banned items list

    ISLAMABAD: The ministry of commerce on Monday excluded raw materials from the list of items, which were banned through SRO 598(I)/2022.

    The ministry issued an office memorandum to issue clarification with regard to the SRO 598(I)/2022 dated May 19, 2022.

    Through the SRO 598(I)/2022, the federal government imposed ban on import of certain luxury and non-essential items.

    The ministry said that the decision has been taken in view of the concerns expressed by different trade organizations and the domestic industry regarding import of raw materials, intermediate goods and industrial equipment falling under Pakistan Customs Tariff (PCT) codes listed in the SRO.

    “The SRO 598(I)/2022 dated May 19, 2022 shall not apply on the import of raw materials, intermediate goods and industrial equipment/machinery required by industrial / manufacturing concerns and foreign grant-in-aid projects,” the ministry said.

    Prior to this, the ministry of commerce issued another clarification related to the banned imported items on May 26, 2022.

    Through this clarification, the ministry said that in order to address concerns of the citizenry and certain anomalies out of implementation of the said SRO, it is clarified:

    READ MORE: Banned items: FBR deputes officers 24X7 to facilitate passengers

    The SRO 598(I)/2022 dated May 19, 2022 shall not apply on import of goods for which an airway bill has been issued prior to the issuance of the said SRO.

    Import of following PCT codes description ‘others’ shall be exempted from the prohibition contained in the SRO if they are:

    PCT Code 2309.9000: Other than cat and dog food

    PCT Code 9405.1090: Energy savers.

  • List of goods export to Afghanistan in PKR, no E-form

    List of goods export to Afghanistan in PKR, no E-form

    ISLAMABAD: The federal government has expanded the list of goods for export to Afghanistan and through Afghanistan to Central Asian Republics without requirement of E-form and against Pakistan Rupee (PKR).

    In this regard the ministry of commerce issued SRO176(I)/2022 dated February 04, 2022 to amend Export Policy Order 2020.

    READ MORE: Pakistan establishes Afghanistan relief fund

    As per the export policy order, export goods to Afghanistan and through Afghanistan to Central Asian Republics are allowed against Pakistan currency on filing of regular shipping bills without the requirement of E-form.

    READ MORE: Pakistan donates 50,000MT wheat to Afghanistan

    Prior to the amendment, the allowed goods are included: fruits; vegetables; dairy products; and meat. However, after the amendment more number of goods have been added to the list, which included: rice; fish and fish products; poultry, meat and products; sugar confectionary and bakery products; fruits, nuts and other edible parts of plants; oilcake and other solid residues; vegetable materials and vegetable waste; salt; cement; pharmaceuticals; matches; textile and textile articles; building stone; and surgical instruments.

    READ MORE: FBR rebuts currency smuggling to Afghanistan

    As per the Export Policy Order, 2021, the goods are not entitled to: zero rating of sales tax on taxable goods; rebate of central excise duty; and payment of drawback of customs duty.

    READ MORE: Index gains 346 points on better Afghanistan situation

  • MoC invites tariff proposals for budget 2022/2023

    MoC invites tariff proposals for budget 2022/2023

    The Ministry of Commerce (MoC) has opened the floor for budget proposals for the fiscal year 2022/2023, specifically focusing on potential changes in customs tariff rates.

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  • Commerce ministry issues guidelines for joining Amazon

    Commerce ministry issues guidelines for joining Amazon

    ISLAMABAD: The ministry of commerce has issued guidelines for local businessmen to join Amazon – one of the world’s largest e-Commerce platform – as Pakistani seller.

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  • Monthly exports in March 2021 highest in decade: Razak Dawood

    Monthly exports in March 2021 highest in decade: Razak Dawood

    In a significant economic development, Pakistan’s exports soared to $2.345 billion in March 2021, marking a remarkable 13.4 percent increase compared to February 2021.

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  • Ministry issues import, export of e-commerce rules

    Ministry issues import, export of e-commerce rules

    ISLAMABAD: The ministry of commerce has issued rules for assessment and clearance of imported or exported goods through e-commerce.

    The ministry issued SRO 14(I)/2021 for the application of the rules that will apply for assessment and clearance of imported or exported goods of business to consumer (B2C) transactions through authorized dealer via designated customs stations.

    However, these rules will not apply on the following goods:

    (a) Goods requiring testing of samples;

    (b) Animals;

    (c) Perishable goods;

    (d) Food stuff including beverages;

    (e) Medicines of any sort;

    (f) Alcoholic drinks;

    (g) Restricted items subject to fulfillment of import and export regulations under the relevant law;

    (h) Prohibited under sections 15 and 16 of the Customs Act, 1969 along with allied law; and

    (i) Import and export goods which are intended for clearance from customs stations or airport other than at which arrived.

    The ministry defined the e-commerce as buying and selling of goods or services including digital products through electronic transactions conducted via the internet or other computer mediated (online communication) networks.

    According to the rules, the registered courier shall file the prior arrival manifest of e-commerce goods. The risk management system shall be applied at the manifest filing stage.

    A consumer shall provide the details of shipment and e-commerce importer. E-commerce goods of the consumer shall be cleared upon provision of information prior to the manifest or post arrival of the goods.

    The goods declaration shall be filed by the registered courier on behalf of e-commerce importer and exporter on the specified type of goods declaration for the purpose of e-commerce.

    The goods shall be cleared upon examination and assessment through WeBOC system upon decision by the RMS.

    Duty and taxes shall be paid by the e-commerce importer and exporter through methods, included: self payment by the e-commerce importer and exporter through a unique payment ID; or payment through authorized registered courier.

  • Ministry approves DLTL claims worth Rs213 million: Razak Dawood

    Ministry approves DLTL claims worth Rs213 million: Razak Dawood

    ISLAMABAD: The ministry of commerce has approved Rs213 million against claims of drawback of local taxes and levies (DLTL) by non-textile sector, Abdul Razak Dawood, Adviser to Prime Minister for Commerce and Investment.

    “These are now with State Bank of Pakistan (SBP) and will soon be disbursed to the relevant exporters,” the adviser said this on his official twitter account.

    “Our policy is not to put any working capital constraints for our exporters, he said.

    “I hope that this will facilitate them” he added.

  • Import policy amended to allow radiation apparatus

    Import policy amended to allow radiation apparatus

    ISLAMABAD: The ministry of commerce has amended the Import Policy Order 2020 and allowed the import of radiation apparatus with a condition of prior approval of Pakistan Nuclear Regulatory Authority.

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  • Kharlachi allowed export route for Afghanistan

    Kharlachi allowed export route for Afghanistan

    ISLAMABAD: Kharlachi border has been added to the list of borders for exports of goods from Pakistan to Afghanistan.

    The ministry of commerce on Monday issued SRO 1103(I)/2020 to make amendment into Export Policy Order 2020.

    After the amendment the export to Afghanistan and through Afghanistan to Central Asian Republics shall be allowed through export land routes i.e. Torkhan, Chaman and Ghulam Khan and Qamar Uddin Karez, Kharlachi.

    According to news reports, the Kharlachi border crossing in Kurram tribal district was reopened in July 2020 to trade with Afghanistan after remaining closed for four months.

    The border crossing was closed for bilateral trade after the outbreak of Covid-19.

    The formal trade was begun with Afghanistan through Kharlachi crossing, which was the nearest point with Kabul.

  • Ministry releases Export Policy Order 2020

    Ministry releases Export Policy Order 2020

    ISLAMABAD: The ministry of commerce on Friday issued Export Policy Order 2020 while making several changes to the old policy.

    The ministry issued SRO 901(I)/2020 to release the export policy order.

    The export policy order shall come into force at once, the ministry said.

    The export policy order 2020 can be downloaded here.