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Business & Finance Print edition: 2022-08-24

‘Illegally imported’: FBR allowed to release CBU consignments on 100pc surcharge

Published August 24, 2022 Updated August 24, 2022 09:44am
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By Mushtaq Ghumman
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ISLAMABAD: The federal government has allowed the Federal Board of Revenue (FBR) to release ‘illegally imported’ CBU consignments comprising some 600 items of the auto sector, mobile phones, and home appliances landed at any port before August 1, 2022, on payment of 100 percent surcharge.

Govt allows release of imported goods stuck at ports

This has been notified by the Commerce Ministry on August 23, 2022, in continuation of its earlier office memorandum (OM) of August 19, 2022. The Commerce Ministry, in the OM has stated that in pursuance of the decision of the federal cabinet of August 22, 2022, the federal government, in terms of the paragraph of the Import Policy Order, 2022, has decided to allow the release of all those consignments of auto CBU, mobile phones CBU, and home appliances CBU, which have been imported in violation of the SRO 598(1) 2022 of May 19, 2022, and have landed at any port on or after August 1, 2022 till August 18, 2022, subject to the payment of 100 percent surcharge on the assessed value of the goods.

Copyright Business Recorder, 2022

Federal Government FBR Commerce Ministry Import Policy

Comments

Comments are closed for this article.

Harris Aug 24, 2022 10:59am
Kuch khuda ka khof kroo chorooo RD khtm kroo ghreeb awam ki satiya nas kr de tm choro na
0
Tariq Sultan Aug 24, 2022 11:25am
The import of said items may not be allowed.
0
Anonymous Aug 24, 2022 12:41pm
No one can do business here. At their whim these politicians change policies and business suffers. And since they are vote desperate they let shopkeepers go tax free. No one can do business here anymore. Such ridiculous acts just make us more and more dependent on borrowed money.
0
Raza Aug 24, 2022 10:44pm
Such a Mess this government is. We have heard these cartoon network govt person are all businessman and they can understand business community better. But what a shame they are. PDM govt should be no more for the next 5 year.
0
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