SIALKOT: Assistant Collector Model Customs Sialkot Palwasha Syed has said that all exports handled through Web Based One Customs (WeBOC) will require electronic Form-E with their goods declarations for speedy clearance from November 11.
She said that electronic Form-E facility has been introduced in WeBOC with effect from November 2, 2015.
To facilitate exporters in obtaining their electronic forms from authorized banks, an intervening period has been allowed during which they can file requisite applications using their secure WeBOC login/password.
She advised all the exporters to apply to their respective banks for issuance of electronic Form-E to avoid delay in shipments.
In order to streamline issuance of Form-E, State Bank of Pakistan (SBP) and the Pakistan Customs had initiated a project for the automation of the process of issuing forms.
In this regard, an Electronic Form-E (EFE) module has been developed in consultation with relevant stakeholders and incorporated in the Pakistan Customs’ electronic system WeBOC.
Talking to Customs Today Palwasha Syed said the landmark development was expected to provide several benefits to stakeholders including reduced cost of doing business for exporters, efficient processing of duty draw back claims, elimination of fake/forged Form-E, improve repatriation of foreign exchange, besides bringing efficiency to the current system.
Customs Internal Audit and External Audit have detected loss of revenue and foreign exchange to the tune of billions of rupees through fake Form-E that will be plugged revenue leakages.
