Observer Reporter Karachi
The Chambers of Commerce and Industries and customs associations across the country have re-jected the implementation of the legal changes made through the Finance Bill, 2021 without formulating the rules, causing delays in consignments clearance at ports.
Pakistan Customs has haphazardly implemented the legal changes made through the Finance Bill, 2021 without formulating the rules, cause delays in con-signment clearance at ports.
The Federal Board of Revenue (FBR) has constituted a committee to initi-ate deliberations with the trade and industry for formulating rules in accordance with the legal changes made through clause 28(a)(i) & clause 28(a)(ii) of the Finance Bill, 2021.
However, the representatives of Karachi, Lahore, Sialkot and Faisalabad chambers and customs asso-ciations during first online session conducted by the committee informed that the Pakistan customs had haphazardly implemented the legal changes made through the Finance Bill, 2021 without formulating the rules, causing delays in consignments clearance at ports.
During online meetings, they rejected the imple-mentation of the legal changes made through section 156 (I) of the Act, urging the authorities to revert the same.
They were of the view that the authorities should avert the implementation of the legal changes made through the Finance Bill, 2021 be-cause the importers were not responsible and would not be penalized, if the manufacturers or exporters did not place invoices and packing lists in the con-signments.
They informed that the implementation of the legal changes made through clause 28(a)(i) & clause 28(a)(ii) of the Finance Bill, 2021 had been sus-pended until the rules were finalized. However, the customs department has enforced the same without having the rules.
