KARACHI: Sindh Board of Revenue has warned importers of imposition of 10 times penalty if they fail to pay stamp duty on imported consignments.
In a notification, the board said that it had been observed that bill of entries/goods declarations got cleared without proper payment of stamp duty i.e. Rs1,000 on each.
The board said that every instruments including bill of entries/goods declarations whether prepared/cleared manually or through electronics (WeBOC system) is liable for payment of stamp duty. In failure the amount payable will be recovered along with penalty which can be imposed up to 10 times of amount payable.
