Jan 8

Amended payment procedure for imported vehicles issued

ISLAMABAD: The ministry of commerce has issued notification to implement amendment payment procedure for customs clearance of imported motor vehicles. The ministry issued SRO 1625(I)/2019 dated December 30, 2019 to amend Import Policy Order, 2016. As per amendment: “Provided that in case the Pak Rupee depreciates or government increases the import duties or taxes after […]

by Mrs. Anjum Shahnawaz

Commerce ministry issues clarification to ban on Indian imports

Aug 18

Pakistan Customs

Commerce ministry issues clarification to ban on Indian imports

The Ministry of Commerce has issued a clarification regarding the ban on imports from India, stating that Letter of Credit (LC) or Bill of Lading (BL) issued prior to August 09, 2019, will be allowed for customs clearance.

by Mrs. Anjum Shahnawaz

Payment for clearance of imported vehicles facilitated

Jul 13

Pakistan Customs, Taxation

Payment for clearance of imported vehicles facilitated

The Economic Survey of Pakistan 2018/2019 stated that the payment for imported vehicles can now be made at the customs stage through foreign remittances received in the account of family members of the sender.

by Mrs. Anjum Shahnawaz

Commerce ministry enhances shelf life condition to discourage substandard edible imports

Jun 28

Finance

Commerce ministry enhances shelf life condition to discourage substandard edible imports

ISLAMABAD: The ministry of commerce has put mandatory requirement of 66 percent shelf life on imported edible items in order to discourage not fit items and save huge foreign exchange. The ministry of commerce issued SRO 659(I)/2019 dated June 27, 2019 to amend Import Policy Order 2016 and enhanced the condition of shelf life for […]

by Mrs. Anjum Shahnawaz

Import Policy Order 2016 amended: SRO 604 issued for solar panels, equipments

Jun 18

Exclusive, Pakistan Customs, Taxation

Import Policy Order 2016 amended: SRO 604 issued for solar panels, equipments

ISLAMABAD: The ministry of commerce on Monday amended Import Policy Order, 2016 to describe conditions for import of solar energy panels and related equipments into Pakistan, according to a notification made available to PkRevenue.com. The ministry issued SRO 604(I)/2019 to amend the import policy order. The SRO amended the Appendix-B related to procedural requirement of […]

by Mrs. Anjum Shahnawaz

Temporary import of arms, ammunition by foreign hunters allowed

May 21

Pakistan Customs, Taxation

Temporary import of arms, ammunition by foreign hunters allowed

ISLAMABAD: The ministry of commerce has allowed temporary import of arms and ammunition by foreign hunters by amending Import Policy Order, 2016. The ministry issued SRO 565(I)/2019 to amend Import Policy Order, 2016. It said: “Temporary import-cum-export of arms and ammunition by foreign hunters shall be allowed subject to NOC from the ministry of interior.”

by Faisal Shahnawaz

List of 1,208 banned tariff lines for import from India

Feb 27

Pakistan Customs, Taxation

List of 1,208 banned tariff lines for import from India

KARACHI: Following is the list of items not importable from India under Import Policy Order 2016 as issued by minister of commerce. The items cannot be imported under Appendix-G of Import Policy Order 2016. Following is the list including Serial Number, PCT Code and Description See Appendix G of Import Policy Order 2016

by Faisal Shahnawaz

ECC approves amending import policy order for tightening labeling requirement

Feb 19

Finance

ECC approves amending import policy order for tightening labeling requirement

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved to amend Import Policy Order to further tighten labeling requirement in order to facilitate local consumers to understand product ingredients.

by Faisal Shahnawaz

Pakistan imposes new conditions for clearance of new and used imported vehicles

Jan 16

Automotive, Taxation

Pakistan imposes new conditions for clearance of new and used imported vehicles

In a bid to enhance transparency and ensure fiscal compliance, Pakistan has implemented new conditions for the clearance of both new and used imported vehicles under concessionary schemes.

by Mrs. Anjum Shahnawaz