AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 132.66 Increased By ▲ 3.13 (2.42%)
BOP 6.89 Increased By ▲ 0.21 (3.14%)
CNERGY 4.57 Decreased By ▼ -0.06 (-1.3%)
DCL 8.92 Decreased By ▼ -0.02 (-0.22%)
DFML 42.75 Increased By ▲ 1.06 (2.54%)
DGKC 84.00 Increased By ▲ 0.23 (0.27%)
FCCL 32.90 Increased By ▲ 0.13 (0.4%)
FFBL 77.06 Increased By ▲ 1.59 (2.11%)
FFL 12.20 Increased By ▲ 0.73 (6.36%)
HUBC 110.01 Decreased By ▼ -0.54 (-0.49%)
HUMNL 14.40 Decreased By ▼ -0.16 (-1.1%)
KEL 5.53 Increased By ▲ 0.14 (2.6%)
KOSM 8.32 Decreased By ▼ -0.08 (-0.95%)
MLCF 39.67 Decreased By ▼ -0.12 (-0.3%)
NBP 65.50 Increased By ▲ 5.21 (8.64%)
OGDC 198.74 Decreased By ▼ -0.92 (-0.46%)
PAEL 26.00 Decreased By ▼ -0.65 (-2.44%)
PIBTL 7.62 Decreased By ▼ -0.04 (-0.52%)
PPL 159.00 Increased By ▲ 1.08 (0.68%)
PRL 26.24 Decreased By ▼ -0.49 (-1.83%)
PTC 18.35 Decreased By ▼ -0.11 (-0.6%)
SEARL 82.24 Decreased By ▼ -0.20 (-0.24%)
TELE 8.12 Decreased By ▼ -0.19 (-2.29%)
TOMCL 34.40 Decreased By ▼ -0.11 (-0.32%)
TPLP 8.98 Decreased By ▼ -0.08 (-0.88%)
TREET 16.88 Decreased By ▼ -0.59 (-3.38%)
TRG 59.49 Decreased By ▼ -1.83 (-2.98%)
UNITY 27.52 Increased By ▲ 0.09 (0.33%)
WTL 1.40 Increased By ▲ 0.02 (1.45%)
BR100 10,614 Increased By 206.9 (1.99%)
BR30 31,874 Increased By 160.5 (0.51%)
KSE100 98,972 Increased By 1644 (1.69%)
KSE30 30,784 Increased By 591.7 (1.96%)

Karachi Customs Agents Association (KCAA) has requested the Federal Board of Revenue (FBR) to delay the launch of Form-I module by July 2016. Nadeem Kamil, General Secretary KCAA, said that the association has sent a letter to the FBR and requested them to delay the launch of Form-I module after June 30, 2016 and start it initially on optional basis.
He said that Directorate of Reform & Automation was going to implement the Form-I under Weboc system and added that the KCAA after attending a demonstration session appreciated the comprehensive efforts of project team to log the import trade business towards a documented procedure of foreign exchange remittance. He said that although customs agents just have to select approved form at the stage of filling of Goods Declaration and demonstrated procedure of Form-I was mostly related to traders, they had some observations which could create a panic situation if the preparation before implementation would not be fulfilled.
He said that Form-I would create problems for those importers, who were doing business under one custom and were not yet registered with Weboc and the traders, who were already registered with Weboc and filing their Goods Declaration through clearing agents had forgotten their password.
He suggested that customs department had to arrange a special arrangement for issuance of new user ID's and refresh of earlier issued User IDs of those traders, who forget their passwords. Following the WeBOC software frequently shutdown in the month of March & April 2016, which might be due to over occupancy of workload & insufficient space on hard drive, it has been suggested to enhance work performance of hardware & software before the implementation of Form-I, he added.

Copyright Business Recorder, 2016

Comments

Comments are closed.