MULTAN: The Federal Board of Revenue has issued a letter to Multan Chamber of Commerce and Industry (MCCI) and invited them for proposals which may cover three areas i.e. changes in Customs Tariff rates, Rules/Procedures, and Customs Act, 1969.
According to spokesperson of MCCI, Federal Board of Revenue has started its budget preparation exercises for the fiscal year (2022-23) and sought customs-related proposals from all the Chambers of Commerce and Industry by March 31, 2022.
The Federal Board of Revenue has asked MCCI Multan to give proposals for the promotion of trade through their proposals and it should discuss changes in Customs Tariff rates, Rules/Procedures, and Customs Act, 1969 for the betterment of businesses in the Country South Punjab region.
In order to enable the Customs Wing of FBR to properly process and evaluate each proposal, three separate formats have also been sent to the Chambers for preparing the proposals on MS Excel Sheets.
FBR has suggested that the provision of the existing customs tariff rates/law may carefully be studied/ consulted while formulating the proposals. The proposal, wherever required, may be supported with the statistical data, etc. so that it is not dropped on account of any such infirmity.
