The FBR on Wednes-day waived the condition of bank guarantee and pay order under temporary import against exempt sales tax and customs duty.
The FBR issued SRO 847(I)/2021 to allow the per-sons availing facility of temporary importation for subsequent exportation to clear consignments with-out submitting bank guarantee or pay order.
How-ever, the persons shall be required to submit indem-nity bond or post dated cheque equivalent to the amount of payable duty and taxes.
The FBR said that the export shall be processed subject to profiling by the Risk Management Sys-tem, the Assistant Collector or the Deputy Collector, in charge of the export station, may examine goods being exported in case of specific information re-garding the misuse of the facility with the permission of the collector. —TLTP