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Pakistan's Federal Board of Revenue Extends Warehousing Period and Provides Penalty Relief for Goods that Have Not Cleared Customs

01 November 2021

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Approved Changes

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Pakistan

Pakistan's Federal Board of Revenue has published a release on the issuance of Notification No. SRO 1399(I)/2021, which extends the warehousing period and provides penalty relief for goods that have not cleared customs within the prescribed period. --- FBR EXTENDS WAREHOUSING PERIOD UP TO 25TH NOVEMBER Building further on its policy of ensuring ease of doing business, Federal Government has provided relief to the business community by extending the warehousing period and waiving off the penal surcharge on overstayed goods, lying un-cleared in the Customs Bonded warehouses. Federal Board of Revenue in its Notification No. SRO 1399(I)/2021 issued on 27th...