KARACHI: Strict scrutiny process is being carried out by the authorities concerned of Input-Output Co-efficient Organisation (IOCO) before issuance of the final certificates to the importers under SRO-565(I)/2013, Customs Today learnt.
IOCO sources revealed that around 100 provisional certificates have been issued to the importers under SRO-565 and the process of issuance the provincial certificates had been started after the budget for the fiscal year 2014-15.
To a question, sources disclosed that after the issuance of provincial certificates, IOCO has decided to scrutinise the import data and other documents of the importers before issuance of final certificates to ensure transparency.
To another question, sources claimed that 50 percent work in connection with the issuance of final certificates to the importers has been completed while remaining task would be completed soon.
In the first phase, they said, the IOCO officials issued provincial certificates to the importers and after scrutinising the import data started to issue final import certificates to parties under the SRO-565(I)/2013 which allows them to import the raw-material, machinery and other equipments into the country.
Departmental sources said that the process was underway and would be completed by the end of March 2015.
