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FBR Issues Detailed New Procedure for Monitoring Cross-Border Movement of Cargo The Federal Board of Revenue (FBR) has issued a new procedure for the customs officials, Frontier Constabulary (FC), and terminal operators to monitor and check cross-border movement of vehicles carrying goods, specifically Afghan Transit Trade items, through Border Customs Stations. FBR has issued S.R.O. 03 (1)/2021 to make draft amendments in the Customs Rules, 2001 here on Friday. As per new procedure, the cross-border officer [customs officer] shall record the confirmation of export in the system, after physic...

Transshipment of containers and bulk cargo: Shipping lines required to submit indemnity bond The Federal Board of Revenue (FBR) has made it mandatory for the shipping lines engaged in the business of international transshipment of containers and bulk cargo to submit an indemnity bond to the customs for ensuring to follow Customs rules and regulations of the FBR. The FBR has amended Customs Rules 2001 through a notification issued here on Thursday. Under the new rules, the FBR has also directed the shipping lines that in case of any hazardous material left at the port, the concerned shipping l...

The Federal Board of Revenue (FBR) has tightened customs regulations for the shipping lines engaged in the international transshipment of containers and

FBR Issues Guidelines for Forfeiting Assets Acquired Through Smuggling to the Federal Govt The movable and immovable properties suspected of having been acquired through proceeds of smuggling would be forfeited to the Federal Government and publicly auctioned, according to the new rules of the Federal Board of Revenue (FBR). The Federal Board of Revenue (FBR) has issued a detailed procedure for the customs officials for forfeiting assets to the Federal Government suspected to have been acquired from illegal money earned through smuggling. In November 2020, the FBR had issued the draft Forfeit...

Celebrities. let's get down to business. in the last minute deal the eu looks set to postpone a ban on some british meat products being sold in northern ireland. the proposed man on items like fresh sausages was due to come into effect onjuly one and was a consequence of the northern ireland protocol, a deal between the uk and eu reached in 2019. the protocol is the part of the brexit deal that creates a trade border in the irish sea in order to prevent a hardening of the irish land border. it keeps northern ireland in the eu single market for goods and it means eu customs rules are enforced a...