Tag: temporary import

pakistan customs

Condition of bank guarantee, post dated cheque waived on temporary import

Mrs. Anjum Shahnawaz

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, […]

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pakistan customs

Temporary import allowed against bank guarantee under policy order

Mrs. Anjum Shahnawaz

ISLAMABAD: The ministry of commerce has said that temporary import-cum-export of goods is allowed by the respective collectors of customs against submission of indemnity bond or bank guarantee to the satisfaction of customs authorities. The ministry issued Import Policy Order, 2020 through SRO 902(I)/2020 dated September 25, 2020 and explained the temporary import as: temporary […]

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