AIRLINK 72.95 Decreased By ▼ -1.15 (-1.55%)
BOP 5.04 Increased By ▲ 0.04 (0.8%)
CNERGY 4.36 Increased By ▲ 0.02 (0.46%)
DFML 29.85 Increased By ▲ 0.31 (1.05%)
DGKC 84.28 Increased By ▲ 0.73 (0.87%)
FCCL 22.44 Increased By ▲ 0.01 (0.04%)
FFBL 34.11 Decreased By ▼ -0.79 (-2.26%)
FFL 10.27 Increased By ▲ 0.40 (4.05%)
GGL 10.33 Increased By ▲ 0.33 (3.3%)
HBL 112.02 Increased By ▲ 0.02 (0.02%)
HUBC 140.11 Increased By ▲ 2.42 (1.76%)
HUMNL 8.03 Increased By ▲ 1.05 (15.04%)
KEL 4.31 Decreased By ▼ -0.09 (-2.05%)
KOSM 4.53 Decreased By ▼ -0.06 (-1.31%)
MLCF 38.75 Increased By ▲ 0.20 (0.52%)
OGDC 134.70 Decreased By ▼ -1.90 (-1.39%)
PAEL 26.59 Increased By ▲ 1.45 (5.77%)
PIAA 25.81 Decreased By ▼ -0.70 (-2.64%)
PIBTL 6.63 Decreased By ▼ -0.02 (-0.3%)
PPL 122.10 Decreased By ▼ -3.30 (-2.63%)
PRL 28.10 Decreased By ▼ -0.11 (-0.39%)
PTC 13.87 Decreased By ▼ -0.43 (-3.01%)
SEARL 54.85 Increased By ▲ 0.25 (0.46%)
SNGP 70.25 Decreased By ▼ -0.95 (-1.33%)
SSGC 10.50 No Change ▼ 0.00 (0%)
TELE 8.60 Increased By ▲ 0.08 (0.94%)
TPLP 11.00 Increased By ▲ 0.06 (0.55%)
TRG 61.10 Increased By ▲ 0.40 (0.66%)
UNITY 25.25 Decreased By ▼ -0.08 (-0.32%)
WTL 1.29 Increased By ▲ 0.03 (2.38%)
BR100 7,648 Decreased By -16.8 (-0.22%)
BR30 25,012 Decreased By -13.5 (-0.05%)
KSE100 72,976 Increased By 211.3 (0.29%)
KSE30 23,718 Decreased By -57.2 (-0.24%)

imageISLAMABAD: Minister of State Engineer Muhammad Baligh ur Rahman on Thursday told in the Senate that import of old and used auto parts including serviceable auto parts imported as steel scrap is banned in terms of IPO 2016.

Similarly, he said, chassis of used auto motive vehicles cut into pieces whether or not described as steel scrap is also banned for import into the country.

Replying to a question, he said that in wake of above restriction and with a view to obviate chances of misdeclaration in import of old and used auto parts in the shape of scrap, a special procedure for examination has been prescribed.

He said that in light of the stipulated procedure consignments of old and used auto parts can only be de-stuffed at specified places of th port and are subject to 100% examination by an officer not below the rank of Assistant/Deputy Collector of Customs.

In order to discourage import of old and used auto parts, contravention cases are made out against all such imports and are forwarded to the adjudicating authorities for adjudication in terms of provisions, he added.

Whereby, Baligh said, a fine of 20% of value of such consignments is imposed in lieu of confiscation which is over and above customs duties, other taxes and penalties imposed under relevant law.

Copyright APP (Associated Press of Pakistan), 2016

Comments

Comments are closed.