KARACHI: Collectorate of Customs Appraisement West Additional Collector Zubair Shah said that extension in period to clear stuck-up goods in warehouses through SRO 434(1) is a good step as this SRO will allow traders to clear there consignments without paying any surcharge. Amnesty scheme announced by federal government for importers will boost confidence of business community
Talking with Customs Today, the additional collector said that in order to facilitate the trade and to alleviate the problems of importers due to stuck-up goods, the Federal Board of Revenue (FBR) has issued notification No SRO 434(1) 2009, adding that “this act of present government will help earn more revenue while business community will also be facilitated through above-said notification’.
He said this notification is initiated after period of 6 years but this is a routine practice. He added that these types of SROs appear after 5 to 6 years which facilitates business community.
According to SRO 434(1) issued on 8th April 2019 notifies that whereby waiver/remission of penal surcharge has been allowed on all warehouses consignments which are cleared during the period starting 8th April 2019 and ending on 13th April 2019.
Notably the scheme for waver of penal surcharge has been introduced after a period of six years, the scheme of waiver of penal surcharge is a special relief measure for the business community as clearance of overstayed goods attract penal surcharge, which adds to their financial cost.
