AGL 40.05 Increased By ▲ 0.05 (0.13%)
AIRLINK 127.47 Increased By ▲ 0.43 (0.34%)
BOP 6.60 Decreased By ▼ -0.07 (-1.05%)
CNERGY 4.52 Increased By ▲ 0.01 (0.22%)
DCL 8.41 Decreased By ▼ -0.14 (-1.64%)
DFML 41.50 Increased By ▲ 0.06 (0.14%)
DGKC 86.81 Decreased By ▼ -0.04 (-0.05%)
FCCL 32.20 Decreased By ▼ -0.08 (-0.25%)
FFBL 65.05 Increased By ▲ 0.25 (0.39%)
FFL 10.15 Decreased By ▼ -0.10 (-0.98%)
HUBC 110.05 Increased By ▲ 0.48 (0.44%)
HUMNL 14.82 Increased By ▲ 0.14 (0.95%)
KEL 5.17 Increased By ▲ 0.12 (2.38%)
KOSM 7.22 Decreased By ▼ -0.24 (-3.22%)
MLCF 41.53 Increased By ▲ 0.15 (0.36%)
NBP 59.99 Decreased By ▼ -0.42 (-0.7%)
OGDC 193.81 Increased By ▲ 3.71 (1.95%)
PAEL 28.77 Increased By ▲ 0.94 (3.38%)
PIBTL 7.87 Increased By ▲ 0.04 (0.51%)
PPL 150.75 Increased By ▲ 0.69 (0.46%)
PRL 26.60 Decreased By ▼ -0.28 (-1.04%)
PTC 16.10 Increased By ▲ 0.03 (0.19%)
SEARL 77.81 Decreased By ▼ -8.19 (-9.52%)
TELE 7.44 Decreased By ▼ -0.27 (-3.5%)
TOMCL 35.35 Decreased By ▼ -0.06 (-0.17%)
TPLP 7.95 Decreased By ▼ -0.17 (-2.09%)
TREET 16.04 Decreased By ▼ -0.37 (-2.25%)
TRG 52.77 Decreased By ▼ -0.52 (-0.98%)
UNITY 26.51 Increased By ▲ 0.35 (1.34%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 9,955 Increased By 71.5 (0.72%)
BR30 30,899 Increased By 298.5 (0.98%)
KSE100 93,944 Increased By 588.4 (0.63%)
KSE30 29,138 Increased By 206.9 (0.72%)

The Federal Board of Revenue has expanded the list of notified smuggled items by including all brands of cigarettes in SRO 566(I)/2005, empowering the customs department not to release smuggled cigarettes on payment of redemption fine during adjudication process. In this connection, the FBR has issued a notification here on Saturday.
Sources told Business Recorder here on Saturday that the FBR has amended SRO 566(I)/2005 through a notification to include cigarettes in the list of the smuggled items. The SRO 566(I)/2005 covers list of items which have been declared as smuggled items, including auto parts of all sorts, alcoholic drinks all sorts, fertilisers, firecrackers, antiques, arms and ammunition, acetic anhydride acid, CDs or recording on any other media, CFC gas based refrigerators, deep-freezers and other refrigerating cooling and chilling equipment as included in the Trade Policy in force, currency, counterfeit coins, forged or counterfeit currency notes, and any other counterfeit product, edible oils, all sorts, including hydrogenated vegetable oil and other items notified in the said notification.
Sources said that the SRO 566(I)/2005 has been amended to include cigarettes in the list of the smuggled items. Through amendment in the 566(I)/2005, the customs officials would be empowered to declare smuggling of cigarettes as criminal offence, and confiscated cigarettes would not be released on payment of redemption fine.

Copyright Business Recorder, 2011

Comments

Comments are closed.