ISLAMAMABD: Federal Board of Revenue (FBR) Chairman Nisar Muhammad Khan has forwarded an application of Tulip Diplomatic Bonded Warehouse, seeking withdrawal of warehouse surcharge, to Customs Member Nasir Masroor Khan.
The chairman has sent the application to Customs member for reviewing and taking necessary steps in this regard. The bonded warehouse wrote in application, “it imports vehicles and other items, which are sold to the ambassadors, adding that it imported more than 26 vehicles during last six year and fulfilled all rules and regulations.”
It was also told that two vehicles were imported few months ago through Islamabad Dry Port where customs authorities imposed duty equal to the new vehicle, while the imported vehicles are used and almost ten years old.
Due to the dispute, the bonded warehouse could not sell the vehicles to the ambassadors within given time period and was imposed heavy surcharge on violation. The vehicles were imported with the consent of the Ministry of Foreign Affairs.
The application further states that the importer is already facing financial losses due to the imposition of heavy duty tax and imposition of warehouse surcharge will bring more losses.
The company asked the chairman to withdraw the warehouse surcharge keeping in front track record of the company.
It is important to mention here that bonded warehouses are liable to sell the imported goods to the ambassadors within set time period. The bonded warehouse is usually given time period of six to twelve months. If it remained fail to sell the items during this period, it has to face surcharge on a daily basis.
Tulip Bonded Warehouse is also passing through same situation in which he could not sell the vehicles to any ambassador during the said period and facing heavy fine in wake of surcharge.
