Dec 11

Pakistan Customs auctions imported vehicles on Dec 14

KARACHI: Pakistan Customs has announced an auction of a huge lot of fresh and old imported motor vehicles on December 14, 2021 at Airport Road Quetta. The customs authorities will present following vehicles for the auction: 01. Honda Civic, Chassis No. FD3-1102984, Engine No. not traceable (N.T), Model 2006 02. Toyota Premio Car, Chassis No. […]

by Hamza Shahnawaz

Direct submission of documents at WeBOC allowed

Dec 10

Pakistan Customs

Direct submission of documents at WeBOC allowed

KARACHI: Pakistan Customs has taken major steps for trade facilitation and allowed submission of documents at WeBOC without prior approval of Assistant Collector (AC)/ Deputy Collector (DC). Saif Ullah Khan, President, Karachi Customs Agents Association (KCAA) welcomed the step taken by the Pakistan Customs and said it would reduce dwell time for consignment clearance. He […]

by Faisal Shahnawaz

Customs introduces new module in WeBOC for SMEs

Nov 12

Pakistan Customs

Customs introduces new module in WeBOC for SMEs

The Federal Board of Revenue (FBR) has unveiled a new module within the WeBOC (Web-Based One Customs) system. This online Customs clearance system is designed to specifically cater to the needs of small and medium enterprises (SMEs), aiming to streamline their operations in the realm of international trade.

by Faisal Shahnawaz

Customs ready to form valuation advisory committee

Nov 5

Pakistan Customs, Trade & Industry

Customs ready to form valuation advisory committee

KARACHI: Dr. Fareed Iqbal Qureshi, Director General, Customs Valuation has said that Pakistan Customs is ready to constitute an advisory committee of the stakeholders from government and business community; and he has an open-door policy for addressing all the grievances.

by Faisal Shahnawaz

First consignment from Uzbekistan arrives in Pakistan

Nov 4

Finance, Pakistan Customs, Top stories

First consignment from Uzbekistan arrives in Pakistan

A consignment of four cargo trucks from Uzbekistan arrived at the Torkham border, marking the commencement of trade between Uzbekistan and Pakistan.

by Hamza Shahnawaz

LEAs to get cash reward under Customs Rules

Oct 28

National, Pakistan Customs, Top stories

LEAs to get cash reward under Customs Rules

ISLAMABAD: Federal Board of Revenue (FBR) will give cash rewards to law enforcement agencies (LEAs) for recovery and confiscation of smuggled or non-duty paid goods under Customs laws. The FBR issued SRO 1398(I)/2021 dated October 20, 2021, and proposed to include law enforcement agencies (LEAs) in Customs Reward Rules, 2021. According to the draft amendment, […]

by Faisal Shahnawaz

Valuation committees for Afghan, Iran goods to be set up

Oct 21

Pakistan Customs

Valuation committees for Afghan, Iran goods to be set up

ISLAMABAD: The Federal Board of Revenue (FBR) will constitute local valuation committee for customs valuations of goods imported or exported from Afghanistan and Iran. Through SRO 1352 (I)/2021 dated October 14, 2021, the FBR issued draft amendments for local valuation committee rules under Section 25A of the Customs Act, 1969. The proposed amendments would be […]

by Faisal Shahnawaz

PSW to reduce trade cost, time, and complications: Tarin

Sep 24

Pakistan Customs

PSW to reduce trade cost, time, and complications: Tarin

ISLAMABAD: Finance Minister Shaukat Tarin on Friday said that Pakistan Single Window (PSW) will facilitate trade by reducing cost, time and complications. Shaukat Tarin presided over the first meeting of Governing Council of PSW held at the Finance Division. The finance minister appreciated the progress and stated that PSW will reduce time, cost and complications […]

by Mrs. Anjum Shahnawaz

Provisional valuation disallowed on existing VR

Sep 19

Pakistan Customs

Provisional valuation disallowed on existing VR

ISLAMABAD: Importers will not be allowed to avail of the facility of provision valuation for goods declaration when the valuation of such goods is already in the field. An important amendment has been made into Customs Act, 1969 through Tax Laws (Third Amendment) Ordinance, 2021, which was promulgated through presidential order on September 15, 2021. […]

by Faisal Shahnawaz

Customs restricted to reopen assessment of consignment

Sep 19

Pakistan Customs

Customs restricted to reopen assessment of consignment

The Customs authorities have been restricted from reopening the assessment of consignment clearance based on incorrect information after a three-year period.

by Faisal Shahnawaz