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ترسیلی کمپنیوں کیلیے انشورنس گارنٹی لازمی قرار دینے کا فیصلہ کسٹمزرولز میں ترامیم کامسودہ تیار،کمپنیاں پاکستانی راستہ استعمال کاڈیڑھ کروڑ دیں گی فوٹو : فائل  اسلام آباد: حکومت نے ترسیل کرنیوالی کمپنیوں کیلیے انشورنس گارنٹی کو لازمی قرار دینے کا فیصلہ کیا ہے۔ وفاقی حکومت نے پاکستان کے راستے اشیاکی ترسیل کرنیوالی کمپنیوں کیلیے...

Govt to allow OMCs to store POL products Will amend customs rules to permit companies for build go-downs for storing petroleum products ISLAMABAD: The federal government has decided to allow government-owned and private, local and international oil marketing companies (OMCs) to build go-downs for storing petroleum products including liquefied natural gas (LNG) and lubricant products for exporting them to other countries. To enable this, the Federal Board of Revenue (FBR) will amend the Customs Rules, 2001. According to available documents, the FBR has already shared the amended rules with the...

AGP Recommends FBR to Ensure Customs Duty Drawback Should Not be More Than Actual Duty Paid The Auditor General of Pakistan (AGP) has strongly recommended the Federal Board of Revenue (FBR) to ensure that customs duty drawback should not be more than the actual duty paid by the exporter. The latest audit report of the AGP on customs duty drawback for 2011 issued to the FBR revealed that timely issuance of duty drawback has been ensured through Rule 222 of the Customs Rules, 2001 which provides a timeframe for processing and payment of duty drawback. Three field formations of customs processed...

FBR Allows Tourists to Import Vehicles Without Duties for 6 Months The FBR has proposed amendments in the Customs Rules 2001 through a notification issued here on Friday. According to the SRO.201(I)/2021, the “tourist” means a person not normally resident in Pakistan, who enters Pakistan for a stay of not more than six months in the course of any twelve months period for legitimate non-immigrant purposes. ALSO READ Previously, the definition of the tourist as per customs laws is that a tourist” means a foreigner of any of the following categories who has no residence or occupation in Pa...

Bangladesh can export edible oil to India: Indian envoy The Indian High Commissioner to Bangladesh, Vikram Kumar Doraiswami, said on Tuesday that Bangladesh can export edible oil to India at 20 per cent value addition to the product   |  25 Feb 2021 4:16 AM GMT DHAKA: The Indian High Commissioner to Bangladesh, Vikram Kumar Doraiswami, said on Tuesday that Bangladesh can export edible oil to India at 20 per cent value addition to the product, as he urged the business communities of both the countries to convince the governments to upgrade goods transportation facilities. On Indian investme...