AGL 37.50 No Change ▼ 0.00 (0%)
AIRLINK 218.09 Decreased By ▼ -4.80 (-2.15%)
BOP 10.79 Decreased By ▼ -0.03 (-0.28%)
CNERGY 7.36 Decreased By ▼ -0.20 (-2.65%)
DCL 9.15 Decreased By ▼ -0.27 (-2.87%)
DFML 40.40 Decreased By ▼ -0.56 (-1.37%)
DGKC 102.50 Decreased By ▼ -4.26 (-3.99%)
FCCL 34.75 Decreased By ▼ -2.32 (-6.26%)
FFL 19.37 Increased By ▲ 0.13 (0.68%)
HASCOL 12.80 Decreased By ▼ -0.38 (-2.88%)
HUBC 132.15 Decreased By ▼ -0.49 (-0.37%)
HUMNL 14.70 Decreased By ▼ -0.03 (-0.2%)
KEL 5.20 Decreased By ▼ -0.20 (-3.7%)
KOSM 7.50 Increased By ▲ 0.02 (0.27%)
MLCF 45.62 Decreased By ▼ -2.56 (-5.31%)
NBP 65.90 Decreased By ▼ -0.39 (-0.59%)
OGDC 221.50 Decreased By ▼ -1.76 (-0.79%)
PAEL 44.49 Increased By ▲ 0.99 (2.28%)
PIBTL 9.05 Decreased By ▼ -0.02 (-0.22%)
PPL 193.65 Decreased By ▼ -4.59 (-2.32%)
PRL 41.40 Decreased By ▼ -0.84 (-1.99%)
PTC 26.80 Decreased By ▼ -0.59 (-2.15%)
SEARL 107.88 Decreased By ▼ -2.20 (-2%)
TELE 10.32 Decreased By ▼ -0.20 (-1.9%)
TOMCL 36.10 Decreased By ▼ -0.52 (-1.42%)
TPLP 14.60 Decreased By ▼ -0.35 (-2.34%)
TREET 26.35 Decreased By ▼ -0.18 (-0.68%)
TRG 67.97 Decreased By ▼ -0.88 (-1.28%)
UNITY 33.47 Decreased By ▼ -0.72 (-2.11%)
WTL 1.74 Decreased By ▼ -0.05 (-2.79%)
BR100 12,397 Increased By 33.3 (0.27%)
BR30 37,347 Decreased By -871.2 (-2.28%)
KSE100 117,356 Increased By 236.1 (0.2%)
KSE30 37,016 Increased By 79.4 (0.21%)
Print Print 2020-03-31

FBR extends deadline for filing goods declaration

The Federal Board of Revenue (FBR) has extended time period for filing of goods declarations from existing 10 days of arrival of goods to 15 days, for all Import General Manifests (IGMs) filed between March 17, 2020, and April 2020.
Published 31 Mar, 2020 12:00am

The Federal Board of Revenue (FBR) has extended time period for filing of goods declarations from existing 10 days of arrival of goods to 15 days, for all Import General Manifests (IGMs) filed between March 17, 2020, and April 2020.
In this regard, the FBR has issued instructions to the chief collectors of Customs and collectors of Customs here on Monday. According to the FBR, although the Collectorates of Customs across Pakistan are operating normally, however, on account of the ongoing lockdown by the provincial governments to address the prevailing pandemic of the COVID-19, the importers and clearing agents are facing hardship in filing of goods' declarations within the time limit prescribed under Section 79(i) read with Section 156(1) (47A) of the Customs Act, 1969.
The consequent penalty on this account is causing hardship to the traders as the circumstances for late filing, prima facie, beyond their control. Requests have also been received from the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Karachi Chamber of Commerce and Industry (KCCI) for extension in the said time limit for filing of goods' declarations.
In order to facilitate the trade, the FBR has extended the time for filing of goods' declaration in exercise of powers under Section 224 of the Customs Act, 1969 from the existing 10 days of arrival of goods, as prescribed under Section 79(i) of the Customs Act 1969 to further five days (total 25 days) for all IGMs filed between March 17, 2020, and April 2020.

Copyright Business Recorder, 2020

Comments

Comments are closed.