KARACHI: The Federal Board of Revenue (FBR) is going to establish a Central Account for processing of Goods Declarations (GDs) and processing fee (service charges) is levied and collected @ Rs 250 per GD under SRO1053(I)/2011 read with SRO559(I)/2012.
According to details, the Board has approved the disbursement of the amount collected as GD processing fee (Service Charges) and the Customs Collectorates will transfer the amount collected under their individual accounts of Service Charges for processing of GDs.
The disbursement will be made through the Central Account with a 30 percent of the amount collected during a financial year or part thereof will be reserved for up-gradation, maintenance, training and operation of the Computerized System Network, and allied hardware/software. Amount under this head may also be utilized for the purchase of hardware and software.
As per procedure, the amount will be transferred from the Central Account to the separate account maintained by the Directorate General (Reforms and Automation) and expenditure from the account of Directorate General (Reforms & Automation) will be made with the prior approval of the Board.
The FBR has also decided to set 10 per cent of the amount collected during a financial year or part thereof will be utilized for disbursement to the informers, the amount of funds under the head (fund for informers) will be transferred to a separate account, allocation and disbursement to field formations and FBR Headquarters from the above account will be made by Member Customs Nisar Muhammad Khan and the field formations will maintain proper account of the funds received and disbursed under this head.
Thirty per cent of the amount collected during a financial year or part thereof will be transferred to the respective Common Pool Funds (CPFs) as per following share: FBR 12 per cent, MCCs (North) 11 per cent, MCCs Central 12pc, MCCs Appraisement (South) 17pc, MCCs Enforcement—South 13pc, DG I&I-FBR 12pc, DGTR 5pc, DG of Internal Audit (Customs) 3pc, DG PCA (Customs) 3pc, DG of Valuation 3pc, DG Transit Trade 3pc, DG IOCO 3pc and Adjudication Collectorates and DR offices 3pc.
Furthermore, 30 per cent of the amount collected during a financial year or part thereof will be utilized for investment, asset formation and development works aimed at betterment of Customs Department and its employees.
The funds under the head (Investment & Assets building) will be transferred to a separate account, Customs Personnel Welfare Account, maintained at FBR Headquarters, utilization of the funds will be approved by a Board of Trustees consisting of one FBR Member belonging to Pakistan Customs Service as Chairman, one FBR Member/Director General belonging to Pakistan Customs Service as member and Chief (F&C) as Secretary.
The Board of Trustees may approve utilization of part of funds under the head in any other manner including transfer of one or more CPFs.
