Sep 28

Ministry issues procedure for imports under personal baggage, transfer of residence, gift scheme

ISLAMABAD: The ministry of commerce and issued procedure for imports and customs clearance under schemes including personal baggage, gift and transfer of residence. The ministry of commerce issued SRO 902(I)/2020 dated September 25, 2020 and notified Import Policy Order 2020 while repealing the previous Import Policy Order, 2016. The ministry through the policy order issued […]

by Mrs. Anjum Shahnawaz

Baggage false declaration to be treated as smuggled goods

Jan 6

Pakistan Customs

Baggage false declaration to be treated as smuggled goods

KARACHI: Any misdeclaration or false declaration of baggage carrying by passengers or crew members shall be treated as smuggled goods and penalties will be applicable related to smuggled goods.

by Mrs. Anjum Shahnawaz

Overseas Pakistanis can bring vehicles under three schemes

Oct 19

Pakistan Customs

Overseas Pakistanis can bring vehicles under three schemes

KARACHI: Pakistani nationals residing abroad including dual nationals can import old and used vehicles into Pakistan under three different schemes. Federal Board of Revenue (FBR) said that these schemes are included: Personal Baggage; Gift Scheme; Transfer of Residence. The FBR further said cars not older than 03 years and other vehicles not older than 05 […]

by Mrs. Anjum 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

ECC approves clearance of imported vehicles on verified foreign currency payment

Jan 15

Automotive

ECC approves clearance of imported vehicles on verified foreign currency payment

ISLAMABAD – In a recent session, the Economic Coordination Committee (ECC) of the Cabinet, chaired by Finance Minister Asad Umar, gave its approval for a significant policy shift regarding the clearance of imported vehicles under various schemes.

by Mrs. Anjum Shahnawaz