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KARACHI: Around 600 to 900 containers are stuck at Karachi ports, following a ban imposed on import of luxury items vide SR0.598 (i)/2022 dated 19th May 2022.

According to the details, the incumbent federal government has imposed a ban on import of luxury items vide SR0.598 (i)/2022 dated 19th May 2022. Consequently, around 600 to 900 containers are stuck at Karachi ports due to delay of vessel sailing from origin and Bill of Lading issued after May 19, 2022.

Arshad Khursheed, general secretary, Karachi Custom Agents Association (KCAA) said that around 600 to 900 containers arrived in Karachi but they were unable to get clearance from customs due to the said SRO.

Ban on luxury items: Business community doubtful about outcomes

He said the existing law only permitted such import consignments in which the date of bill of lading was prior to the amending order of the import policy 2022, causing to accumulate huge number of containers at terminals, which may lead to port congestion and the revenue loss in billions on account of duties and taxes. On the other hand, heavy container demurrage charges were also being incurred, which had to be paid in forex, he maintained.

Keeping this situation in view, he said KCAA sent a letter to the PM Shehbaz Sharif, requesting him to defer the implementation date of the said SRO to facilitate the traders to get their consignments cleared without facing additional financial burden in terms of demurrage charges.

Copyright Business Recorder, 2022

Comments

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SHAHID SATTAR Jun 23, 2022 09:20pm
How many containers cleared during this time, containing luxury goods, in the so called dry ports of the country? In fact these ports should be renamed as duty free ports.
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Laeeq ahmed Jun 23, 2022 10:08pm
First of all the SRO 598 /2022 should be withdrawn this was a facility the people who work abroad and sending remmetences to Pakistan and after staying over six month from there earning by all means they brought vehicles for recreation for there faimlies mother father and they are paying custom duties from there earning they not using foreign reserve rather they are supporting the country
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Laeeq ahmed Jun 23, 2022 10:14pm
This SRO 598 date 19 may 2022 should be with drawn this the right who lives abroad they paying in foreign exchange they are not burden on state Bank of Pakistan immigiatly this should be with drawn and try to save there earning involved this condition should,not be even future even
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Abba ji Jun 23, 2022 10:22pm
Such rules are expected when idiots elect idiots.
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Haseeb Uddin Jun 25, 2022 02:37am
95% of the imported cigarettes being sold in Pakistan never show up on any GD nor against the HS code import manifest. The cigarettes supply is constant till date. It just means that all this activity is in bad faith and what could get cleared without paying duties and taxes are still being cleared, without anything being deposited in the exchequer.
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