The Customs authorities have been restricted from reopening the assessment of consignment clearance based on incorrect information after a three-year period.
(more…)Tag: Pakistan Customs
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Member Customs to make orders in valuation rulings
The Tax Laws (Third Amendment) Ordinance, 2021 has granted enhanced powers to the Member Customs, allowing them to annul or modify orders previously passed by the Director-General of Customs Valuation.
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FBR transfers 75 Customs officers in BS-18 and BS-19
KARACHI: Federal Board of Revenue (FBR) on Wednesday transferred 75 officers of BS-18 and BS-19 Pakistan Customs Service (PCS).
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Iran, Afghan shipments to require certificate of origin
ISLAMABAD: Pakistan Customs has drafted law to make mandatory the certificate of origin on shipments originated from Iran and Afghanistan.
According to information received on Saturday, Pakistan Customs has proposed amendments to Customs Rules, 2001 related to imports.
It is proposed that it would be made mandatory for shipments originating from Iran and Afghanistan and arriving through land customs-station, the certificate of origin issued by the relevant Iranian Government agency and by Afghan Chamber of Commerce and Industry respectively.
For shipments originating from UAE and China (excluding imports under PTA and FTA regime) certificate of origin shall be uploaded for shipments of fabric (all types i.e. finished, unfinished and grey etc.) and artificial jewellery originating from UAE and China (excluding import under PTA and FTA regime) certificate of origin issued by the manufacturer.
It will be made mandatory for the importer, in terms of clause (aa) of section 79 of the Customs Act, 1969 (IV of 1969) to upload following documents with every declaration in relation to each consignments, namely:-
— master bill of lading and house bill of lading or master airway bill and house airway bill as the case may be;
— commercial invoice;
— letter of credit or bank contract;
— packing list — container-wise in case of containerized cargo and package wise in case of miscellaneous goods consignments;
— previous chemical analysis and lab test report, if any;
— mill test certificate issued by the manufacturer in case of prime quality steel product;
— certification as per requirement of Import Policy Order;
— PTA or FTA certificate of origin, if claimed;
— and any other documents or requirements specified by the Board from time to time.
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FBR launches customs duty calculator
In a bid to simplify the customs clearance process and provide greater transparency to traders, the Federal Board of Revenue (FBR) has introduced a user-friendly Customs Duty Calculator. This online tool is designed to assist traders in assessing and calculating customs duties for their consignments, streamlining the overall clearance procedure.
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Pakistan Customs seizes arms from Afghan vehicle
Pakistan Customs has successfully seized a cache of arms and ammunition from an Afghan registered import vehicle at Torkham station, as announced by the Federal Board of Revenue (FBR) on Friday.
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Customs clears first mango consignment under TIR
Pakistan Customs has successfully cleared the first consignment of mangoes bound for Moscow, Russia, under the International Transportation of Goods – TIR Convention.
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Qadir Memon posted as chief collector enforcement south
The Federal Board of Revenue (FBR) has announced significant transfers and postings in the Pakistan Customs Service (PCS), affecting key positions in Karachi. Abdul Qadir Memon, a seasoned BS-20 officer of the PCS, has been appointed as the Chief Collector, Enforcement (South), Karachi.
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Pakistan Customs intimates WeBOC downtime
Pakistan Customs has announced a temporary suspension of the Web-Based One Customs (WeBOC) system, the online platform used for the clearance of goods.
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Condition of bank guarantee, post dated cheque waived on temporary import
ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday waived the condition of bank guarantee and pay order under temporary import against exempt sales tax and customs duty.
The FBR issued SRO 847(I)/2021 to allow the persons availing facility of temporary importation for subsequent exportation to clear consignments without submitting bank guarantee or pay order. However, the persons shall require to submit indemnity bond or post dated cheque equivalent to the amount of payable duty and taxes.
The FBR said that the export shall be processed subject to profiling by the Risk Management System, the Assistant Collector or the Deputy Collector, in charge of the export station, may examine goods being exported in case of specific information regarding the misuse of the facility with the permission of the collector and findings of the examination shall be uploaded in the system.
The FBR further said that immediately after re-export of goods, the applicant shall produce evidence to the collector of customs concerned that the goods have been re-exported within the stipulated time period.
On production of such evidence or declaration, the indemnity bond and post dated cheque submitted at the time of import shall be released.