ISLAMABAD: Federal Board of Revenue (FBR) invited customs related proposals for budget 2022/2023 from stakeholders including business chambers and associations.
The FBR said that the proposals should cover three areas i.e. changes in customs tariff rates, rules/procedures and Customs Act, 1969.
In order to enable the customs wing of the FBR to properly process and evaluate each proposal, three separate formats have been provided.
The FBR advised that while formulating the proposals, provisions of the existing customs tariff rates/law may carefully be studied/consulted.
Wherever required the proposal may be supported with the statistical data etc. so that it is not dropped on account of any such infirmity.
In case of local manufacturer claiming tariff protection on it’s finished products or concession on its raw materials, then they should use a separate annexure which is provided along with the other annexures. Without this format it will not be possible to process these types of proposals, the FBR added.