Tag: Customs Act 1969

Karachi, January 8, 2024 – In a bid to streamline trade processes and promote efficient logistics, Pakistan Customs has authorized transshipment without duty payment during the tax year 2024.

Karachi, January 7, 2024 – The Federal Board of Revenue (FBR) in Pakistan has recently released the updated Customs Act, 1969, outlining the procedural framework for customs clearance for home consumption during the tax year 2024.

Karachi, January 2, 2024 – Officers of the Federal Board of Revenue (FBR) have been granted enhanced authority to determine the customs value on the import or export of goods.

Karachi, January 1, 2024 – Pakistan Customs has officially released the customs value of exported goods for the tax year 2024, as outlined in the updated Customs Act of 1990.

Karachi, December 30, 2023 – The Federal Board of Revenue (FBR) has said that customs duties are applicable to the re-importation of goods produced or manufactured in Pakistan, as outlined in the updated Customs Act, 1969, for the tax year 2024.

Karachi, December 29, 2023 – Pakistan has unveiled a set of reduced rates for duty and taxes on goods imported from countries with which it has established foreign trade agreements.

Karachi, December 28, 2023 – The Federal Board of Revenue (FBR), the apex tax agency of Pakistan, has officially released the dutiable goods list for the tax year 2024, providing clarity on customs duties at the time of imports.