MULTAN: The Federal Board of Revenue (FBR) has directed Customs field formations including Multan not to finalize assessment of GDs without valid Electronic Import Form (EIF) after it emerged that importers/traders cleared 52,538 GDs involving $1.478 billion without tagging PSW’s Financial Instrument.
Sources told Customs Today that the Collectorate of Customs Appraisement Faisalabad Multan Dry Port Terminal has directed concerned offices or staff with regard to due diligence in assessment of GDs with regard to EIF.
It has been brought to the notice of competent authority that few unscrupulous importers clearing agents have been adopting different ways for circumventing the mandatory requirements with regards to Financial Instruments as envisaged under chapter 13 of Foreign Exchange Manual of State Bank of Pakistan. Therefore, due diligence shall be exercised while carrying out the assessment.
The directorate has directed the offices to ensure that credentials of EIF attached with GD such as Value, Description, HS code and Quantity must commensurate with declaration of that subject GD.The assessment of those GDs shall not be finalized with-out valid EIF, where claimed exemption of chapter-99 of Pakistan Customs tariff has not been extended by assessing officer on account of inadmissibility.
The FBR has also asked Chief Collector South to furnish inquiry report of manipulated auction along with Charge Sheet/ Statement of allegations under the Civil Servant (E&D) rules 2020 against certain Pakistan Customs officers.
