Pakistan Customs Decides Pepsi Cola Classification Case

Jan 13

Taxation

Pakistan Customs Decides Pepsi Cola Classification Case

Karachi, January 13, 2025 – The Classification Committee of Pakistan Customs has issued its verdict on the classification of “Kola Vanilla Extract,” a product imported by Pepsi Cola International. This decision, forwarded by the Collectorate of Customs (Appraisement) Islamabad, resolves a long-standing debate about the appropriate tariff heading for the product.

by Mrs. Anjum Shahnawaz

Pakistan Waives Customs Duty on 261 Items for D-8 Countries

Dec 31

Pakistan, Taxation, Top stories

Pakistan Waives Customs Duty on 261 Items for D-8 Countries

Karachi, December 31, 2024 – Pakistan has announced the exemption of customs duties on 261 tariff lines for imports from D-8 countries, a move effective from January 1, 2025. This initiative is part of Pakistan’s commitment to fostering regional trade under the D-8 Preferential Trade Agreement (PTA).

by Shahnawaz Akhter

FBR Successfully Completes Phase-1 of FCAS Implementation

Dec 30

Taxation

FBR Successfully Completes Phase-1 of FCAS Implementation

Karachi, December 30, 2024 – The Federal Board of Revenue (FBR) has achieved a significant milestone by successfully implementing the first phase of the Faceless Customs Assessment System (FCAS), a move that promises to revolutionize Pakistan’s customs clearance process.

by Mrs. Anjum Shahnawaz

FBR Starts Customs Goods Assessment Through Faceless System

Dec 14

Taxation

FBR Starts Customs Goods Assessment Through Faceless System

Karachi, December 14, 2024 – The Federal Board of Revenue (FBR) has announced the launch of the Faceless Customs Assessment (FCA) System, which will be operational from December 15, 2024, in Karachi. This initiative, part of the FBR’s Transformation Plan approved by the Prime Minister of Pakistan, aims to revolutionize the customs assessment process.

by Shahnawaz Akhter

FBR Directs Customs to Ensure Duty Collection on Saturdays

Dec 11

Taxation

FBR Directs Customs to Ensure Duty Collection on Saturdays

Karachi, December 11, 2024 – The Federal Board of Revenue (FBR) has issued specific instructions to Pakistan Customs for ensuring the seamless collection and transfer of duties and taxes on Saturdays.

by Shahnawaz Akhter

FBR Launches Faceless Customs Assessment for Trade Ease

Dec 10

Taxation, Top stories

FBR Launches Faceless Customs Assessment for Trade Ease

Karachi, December 10, 2024 – The Federal Board of Revenue (FBR) has announced a significant modernization of its customs operations with the launch of the Faceless Customs Assessment (FCA) system. This initiative aims to enhance trade facilitation, ensure faster clearance of Goods Declarations (GDs), and promote transparency and uniformity in customs processes.

by Shahnawaz Akhter

Pakistan Customs Establishes Minimum Export Value for Kino

Dec 9

Taxation

Pakistan Customs Establishes Minimum Export Value for Kino

Karachi, December 9, 2024 – Pakistan Customs has announced the minimum export value for Kino for the export season spanning December 1, 2024, to May 15, 2025. This initiative aims to standardize export valuations and address concerns raised by various stakeholders in the fruit export sector.

by Shahnawaz Akhter

Carpet Manufacturers Seek Urgent Customs Duty Relief

Nov 28

Taxation, Trade & Industry

Carpet Manufacturers Seek Urgent Customs Duty Relief

Islamabad, November 28, 2024 – The Pakistan Carpet Manufacturers and Exporters Association (PCMEA) has called for immediate relief from customs duties that are severely hampering the survival and growth of the carpet manufacturing sector.

by Mrs. Anjum Shahnawaz

FBR Announces Changes in Customs Formation Nomenclature

Nov 18

Taxation

FBR Announces Changes in Customs Formation Nomenclature

Islamabad, November 18, 2024 – The Federal Board of Revenue (FBR) has announced a series of changes to the nomenclature of customs formations across Pakistan. These adjustments aim to align the customs framework with modern operational needs, enhancing clarity and efficiency.

by Shahnawaz Akhter

Port Congestion Worsens Amid Green Channel Policy Changes

Nov 18

Ports and Shipping, Taxation

Port Congestion Worsens Amid Green Channel Policy Changes

Karachi, November 18, 2024 – A recent abrupt change in the Green Channel parameters by the Pakistan Customs Department has thrown the nation’s import system into disarray, leaving thousands of containers stranded at ports and causing severe financial repercussions for importers.

by Shahnawaz Akhter