AIRLINK 207.50 Decreased By ▼ -5.32 (-2.5%)
BOP 10.20 Decreased By ▼ -0.05 (-0.49%)
CNERGY 6.75 Decreased By ▼ -0.25 (-3.57%)
FCCL 33.50 Increased By ▲ 0.03 (0.09%)
FFL 16.88 Decreased By ▼ -0.76 (-4.31%)
FLYNG 21.74 Decreased By ▼ -0.08 (-0.37%)
HUBC 127.91 Decreased By ▼ -1.20 (-0.93%)
HUMNL 13.90 Increased By ▲ 0.04 (0.29%)
KEL 4.70 Decreased By ▼ -0.16 (-3.29%)
KOSM 6.82 Decreased By ▼ -0.11 (-1.59%)
MLCF 42.62 Decreased By ▼ -1.01 (-2.31%)
OGDC 212.00 Decreased By ▼ -0.95 (-0.45%)
PACE 7.07 Decreased By ▼ -0.15 (-2.08%)
PAEL 41.51 Increased By ▲ 0.34 (0.83%)
PIAHCLA 16.70 Decreased By ▼ -0.13 (-0.77%)
PIBTL 8.45 Decreased By ▼ -0.18 (-2.09%)
POWER 8.88 Increased By ▲ 0.07 (0.79%)
PPL 182.20 Decreased By ▼ -0.83 (-0.45%)
PRL 38.60 Decreased By ▼ -1.03 (-2.6%)
PTC 24.71 Decreased By ▼ -0.02 (-0.08%)
SEARL 97.75 Decreased By ▼ -0.26 (-0.27%)
SILK 1.02 Increased By ▲ 0.01 (0.99%)
SSGC 40.80 Decreased By ▼ -0.93 (-2.23%)
SYM 18.25 Decreased By ▼ -0.61 (-3.23%)
TELE 9.15 Increased By ▲ 0.15 (1.67%)
TPLP 12.07 Decreased By ▼ -0.33 (-2.66%)
TRG 65.10 Decreased By ▼ -0.58 (-0.88%)
WAVESAPP 10.86 Decreased By ▼ -0.12 (-1.09%)
WTL 1.87 Increased By ▲ 0.08 (4.47%)
YOUW 4.05 Increased By ▲ 0.02 (0.5%)
BR100 11,743 Decreased By -123.2 (-1.04%)
BR30 35,495 Decreased By -201.8 (-0.57%)
KSE100 113,167 Decreased By -981.3 (-0.86%)
KSE30 35,612 Decreased By -339.8 (-0.95%)

All Pakistan Customs Agents Association (APCAA) has demanded to enhance free period to 10 days for the clearance of goods at ports. In a letter sent to the incumbent minister for ports and shipping Abdullah Hussain Haroon, the APCAA stated that the trade was allowed five days as free period which was not justifiable in the light of working hurdles i.e. lengthy procedures of different departments, malpractices, congestions at port terminals, freight forwarders and shipping agents delays, etc.
Therefore, the clearance of goods within aforesaid period appears formidable task except for green channel listed companies. It said that although the shipping Agents filed import manifests 72 hours prior to the arrival of vessels, no issue delivery offers were issued till its berthing; adding that importers were also intimated about the charges for the issuance of delivery orders after berthing of vessels. Resultantly, this whole process consumes 2 days of free period.
Moreover, APCAA said that 40 percent of goods were released in minutes through green channel and only 10 percent consignments took 72 hours for clearance through yellow channel however the rest of 50 percent consignments were discharged from ports in 4 to 7 days. Similarly, the customs department also carries goods examination, which takes 8 to 24 hours; the letter said and added that the assessment of duty and taxes by customs staff took further 8 to 72 hours. However, many departments which were involved in accordance with import policy order also consumed minimum 3 days.
APCAA further stated that taxpayers were keen to pay taxes but the system was inefficient that led escalating cost of doing business manifold. Therefore, the APCAA strongly urged the minister to allow 10 days as free period to avoid putting excessive financial burdens in terms of demurrages and other charges and facilitate the business community at maximum level.

Copyright Business Recorder, 2018

Comments

Comments are closed.