Apr 23

Tourists allowed retaining motor vehicles without duty, taxes for six months

ISLAMABAD: Federal Board of Revenue (FBR) has allowed tourists/foreign travelling Pakistan to bring motor vehicles without payment of duty and taxes and retain such motor vehicles for six months. The FBR issued SRO 495(I)/2021 on Thursday to amend Customs Rules, 2001. Through the amendment the retention period of motor vehicles has been increased to six […]

by Anjum Shah

FBR proposes CPEC chapter in Customs Rules

Jan 21

Taxation

FBR proposes CPEC chapter in Customs Rules

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday issued draft customs rules for the introduction of a separate chapter on procedures for China Pakistan Economic Corridor (CPEC) related activities. In this regard the FBR issued SRO 47(I)/2021 to make amendment in the Customs Rules, 2001. Gwadar Tax Free Zone Rules have been introduced as a […]

by Anjum Shah

Rules drafted to empower customs freeze smuggled assets

Nov 20

Pakistan Customs

Rules drafted to empower customs freeze smuggled assets

ISLAMABAD: Federal Board of Revenue (FBR) has drafted rules to empower customs officials to trace and freeze assets acquire by any person through proceeds of smuggling. The FBR on Friday issued SRO 1243(I)/2020 to introduce draft of Forfeiture of Property Rules. The FBR said that it is not lawful for any person to hold assets […]

by Anjum Shah

Nov 13

Pakistan Customs

FBR notifies rules for advance ruling

ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified rules for issuing advance ruling in various types of cases. The FBR issued SRO 1213(I)/2020 dated November 11, 2020 to make amendments in Customs Rules, 2001. Previously, the FBR issued SRO 965(I)/2020 dated October 05, 2020 to issue draft rules for advance ruling. Through the latest […]

by Anjum Shah

Privileged personnel allowed duty, tax free car import

Nov 19

Pakistan Customs

Privileged personnel allowed duty, tax free car import

KARACHI: Federal Board of Revenue (FBR) has granted duty, tax free import of cars to privileged personnel on first arrival in Pakistan. According to Customs Rules 2001 the expression “privileged personnel” means all foreign experts, consultants or technicians visiting and resident in Pakistan under a proper Aid Agreement in which provision for the application of […]

by Anjum Shah

Tourists allowed temporary import of vehicles

Oct 27

Pakistan Customs

Tourists allowed temporary import of vehicles

KARACHI: Tourists visiting Pakistan are allowed to import vehicles temporarily with certain conditions under Customs Rules 2001. According to the customs rules, a tourist who imports a vehicle against carnet-de-passage or a bank guarantee may be given delivery thereof by the officer-in-charge of the Customs station of entry without payment of customs-duties for its retention […]

by Anjum Shah

Import of up to 25 motor vehicles allowed duty, tax free for EPZ investment

Feb 21

Pakistan Customs, Taxation

Import of up to 25 motor vehicles allowed duty, tax free for EPZ investment

KARACHI: The government has allowed free of duty and taxes on import of up to 25 motor vehicles to an investor making investment $125 million and above in export processing zones. According to Customs Rules, 2001, the import of vehicles shall be allowed without payment of customs duty and other taxes as per the entitlements […]

by Faisal Shah