ISLAMABAD: Following directions of the Board of Investment, the FBR is all set to bring a main amendment in the Special Economic Zone Act which will put the Zone within the customs territory of Pakistan.
After the amendment in the Special Economic Zone Act, Customs rules and Regulations would be binding on the units operating in the SEZ. A high- profile meeting in this regard was held recently which allowed amendments in Special Economic Zone Act. Afterwards, the FBR geared up efforts to bring amendments.
The high-ups of FBR showed willingness to amend Articles 36 and 37 but not the Article 41.
