The July 2021 figures revealed that more than half of the import consignments and majority of export shipments are cleared by Customs immediately subject to post-clearance verification. Reuters/File
ISLAMABAD: Pakistan Customs has introduced artificial intelligence and machine-learning tools in the Web-Based One Customs (WeBOC) Risk Management System in line with the international best practice with assistance of the World Customs Organisation.
The July 2021 figures revealed that more than half of the import consignments and majority of export shipments are cleared by Customs immediately subject to post-clearance verification, according to an official announcement issued on Tuesday.
In addition to quick clearance of exports shipments, WeBOC RMS application has also been extended to duty drawback processing through which a new mechanism of online payments of duty drawback for disbursement directly to the accounts of the exporters by slashing the manual processing and eradicating
No duty, taxes on imports for exports sector from Aug 14
July 11, 2021
ISLAMABAD: The government will exempt raw material and other imports intended for manufacturing of exportable goods from duty and taxes from next month under the new export facilitation scheme, the Federal Board of Revenue (FBR) said.
The FBR issued a draft of rules for the new export facilitation scheme 2021 and called for comments from industry, exporters and other stakeholders.
The government approved the new export facilitation scheme, which will be implemented from 14th August 2021 and will run parallel with existing schemes like manufacturing bond, DTRE [duty and tax remission for exports] and export- oriented schemes for two years,” the FBR said in a statement. “The existing old schemes shall be phased out in the next two years and will be fully replaced by the export facilitation scheme-2021. Draft rules can be accessed at the official website of FBR.”
PESHAWAR: The Sarhad Chamber of Commerce and Industry and Board of Investment (BoI) of the federal government have decided to form a joint working group to resolve issues of the business community as well as to promote investment in Khyber Pakhtunkhwa by creating favourable business environment under the prime minister’s vision of ‘ease of doing business’.
The decision was taken during a meeting in Peshawar on Thursday. The SCCI team was represented by its president Sherbaz Bilour and BOI by its executive director general and additional secretary Mukarram Jan Ansari. KP Board of Investment and Trade (KP-BOIT) chief executive officer Hassan Daud Butt and Smeda provincial chief Rashid Aman were also present on the occasion.
FBR launches Single Window Programme
Pakistan Single Window will connect 74 departments that regulate imports, exports
KARACHI:
In order to improve Pakistan’s international trade, the Federal Board of Revenue (FBR) has kicked off the soft launch of the Pakistan Single Window Programme (PSWP) with the intention of launching it officially in a couple of months, revealed PSWP Project Director Muhammad Imran Khan Mohmand.
During an online seminar organised by the Central Standing Committee on Customs of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the FBR, FPCCI President Nasir Hayat Maggo said, “If it is implemented properly, it will be a dream-like situation in a country like Pakistan.” PSWP would connect 74 departments that regulated imports and exports and engaged in documentation, FPCCI’s Central Standing Committee on Customs Head Shabbir Mansha Churra told The Express Tribune.
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