- Amendments to the Customs Rules, 2001 have been made by the Government of Pakistan
- Rule 226 has been amended to substitute the expression “Board’s Notification No. SRO. 881(I)/80 dated23’d August, 1980,” with “the relevant tax laws”
- Rule 227 has been amended to substitute the expression “Board’s Notification No.S.R.O. 882(Iy80, dated 23’d August, 1980” with “relevant tax laws and notifications issued thereunder”
- Rule 234 has been amended to allow consolidation of Sialkot Export Processing Zone (SEPZ) export LCL cargo by an international supply chain consolidator at Karachi, authorized by the consignee, on a case by case basis
- A bank guarantee equivalent to the value of the duty and taxes leviable on the goods to be exported must be submitted for the consolidation of cargo
- The consolidated cargo must be exported within 15 days from the date of removal from the zone
- The bank guarantee will be released on submission of consignment note and a copy of export Goods Declaration
- The period of re-export may be extended by the Collector of Customs for a maximum of fifteen days
- Appendix-A, which includes a consignment note, has been inserted after rule 236
- Rule 525 has been amended to allow consolidation of Sialkot Export Processing Zone (SEPZ) export LCL cargo in terms of rule 234
- Rule 871 has been amended to add the words “or a commercial exporter” after the words “direct exporter”
- Rule 872 has been amended to add the requirement of reporting annual aggregate basis in USD terms for imported goods and in Pakistani Rupees for locally procured goods
- A new sub-rule has been inserted after sub-rule (3) in rule 874, allowing a manufacturer-cum-exporter falling under Category A or B to operate as an indirect exporter or toll manufacturer
- Rule 876 has been amended to substitute the full stop at the end of sub-rule (l), in clause (e), with a colon.
Source: download1.fbr.gov.pk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
