ISLAMABAD: The Federal Board of Revenue (FBR) Monday issued new regulations to monitor the buying and selling of goods including digital products through electronic transactions conducted via the internet or other computer-mediated (online communication) networks.
In this connection, the FBR has issued an SRO 14(I)/2021 to notify the Import and Export of E-Commerce Rules, here on Monday.
According to the rules, the new procedure shall apply for assessment and clearance of imported or exported goods of Business-to-Consumer (B2C) transactions through authorised dealers via designated customs stations.
The FBR has also explained in detail, the responsibilities of registered courier and e-commerce exporters and importers.
Under the rules, the "e-commerce" means buying and selling of goods or services including digital products through electronic transactions conducted via the internet or other computer-mediated (online communication) networks.
The "e-commerce exporter" means an exporter who has been registered by an authorised dealer of the State Bank of Pakistan (SBP) in the B2C e-commerce module in WeBOC and the "e-commerce importer" means an importer or end consumer receiving goods meant for personal use, not for commercial activity, who has been registered with the WeBOC e-commerce portal. These regulations shall not apply to the following goods: Goods requiring testing of samples, animals, perishable goods, food stuff including beverages, medicines of any sort, alcoholic drinks, restricted items subject to fulfillment of import and export regulations under the relevant law; prohibition under sections 15 and 16 of the Customs Act, 1969, and import and export goods, which are intended for clearance from customs station or airport other than at which arrived.
Copyright Business Recorder, 2021
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