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Home Islamabad

FBR makes mandatory for terminal operators to require storage area

byCT Report
08/07/2017
in Islamabad
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ISLAMABAD: Federal Board of Revenue (FBR) has made it mandatory for terminal operators to require a specific area for storage of auctionable goods.

The FBR amended Customs Rules 2001 to make this direction mandatory. According to amended Customs Rules, 2001 the terminal operator/off-dock terminal shall earmark a dedicated area for storage of un-cleared / abandoned cargo to be put to auction.

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All such cargo / containers shall be shifted to such dedicated area after the stipulated period in terms of section 82 of the Act.

In case the cargo/containers is to be shifted to such dedicated area, beyond the secure environment defined in terms of Rule 554, the Terminal Operator or off-dock terminal, shall get such location approved by the collector of Customs who may prescribe minimum conditions or requirements, including such securities and/or infrastructural requirements prior to allowing shifting of cargo.

It further said that movement of cargo between the terminal/off-dock terminal and such secure area shall be through inter-port movement.

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