No presentation of financial guarantee: FBR authorizes vehicles from Uzbekistan to transport goods in transit – Business & Finance

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ISLAMABAD: The Federal Board of Revenue (FBR) has authorized vehicles registered in Uzbekistan for the transport of goods in transit and bilateral trade to enter Pakistan without presentation of any financial guarantee.

The FBR on Tuesday released a procedure to enforce the Uzbekistan-Pakistan transit trade agreement for the handling of goods in transit between the port of Karachi, the port of Muhammad Bin Qasim, the port of Gwadar and Uzbekistan.

Through the publication of SRO1466 (I) / 2021, here Tuesday, the RBF released the Uzbekistan-Pakistan Transit Trade Rules, 2021.

Previously, the draft rules were notified through an SRO1256 (I) 2021.

The new procedure applies to the Uzbekistan-Pakistan Transit Trade Agreement, for the processing of commercial goods in transit under the computerized customs system, to and from Uzbekistan, Uzbek cargo imported through the port of Karachi, Muhammad Bin Qasim Port, Gwadar Port and Uzbek cargo to other countries via Karachi Port, Muhammad Bin Qasim Port and Gwadar Port.

In accordance with the procedure, vehicles registered in Uzbekistan with valid permits and used for the transport of goods in transit and bilateral trade must enter Pakistan without the need to present a financial guarantee for the duties and taxes payable on the vehicle. , on the basis of reciprocity, as agreed by the two contracting parties, said the RBF.

The FBR has issued a separate procedure for the movement of transit cargo only from international airports in Pakistan where there is a direct flight to an international airport in Uzbekistan.

Under the procedure, the Directorate of Transit Trade, Peshawar and Quetta will be authorized to issue and regulate permits at their respective land border customs posts.

The Office may, by general decree, collect fees, generally applicable to all traffic, including weighing, scanning and sealing fees by customs officials or those corresponding to administrative expenses corresponding to the costs of the services rendered. Vehicles are prohibited from transporting goods loaded on the territory of Pakistan for delivery to any other point (cabotage) and goods from or to a country (third country) other than the country of origin of the operator and to be delivered or collected to or from the territory of Uzbekistan.

The Logistics Facilitation Center should register driver and vehicle details in CCS and these details should be linked to the FIA ​​immigration module, so that the driver can only leave Pakistan if his vehicle, on the way of the return, entered the border customs post and the entry gate event was registered in the CCS and the vehicle completed all customs formalities to leave Pakistan.

Customs officers and AIF stationed at customs border posts will perform a weekly reconciliation to ensure the implementation of the above mechanism and to verify any vehicle whose stay has been exceeded.

A tracker must be installed on each vehicle upon entering Pakistan territory in accordance with its national laws.

The FBR stated that vehicles intended to be used for the international transport of goods by road under Article 9 of the First Protocol contained in Annex 2 of the Agreement between Uzbekistan and Pakistan on the trade of transit (AUPTT) must be constructed to meet the customs transit transport requirements, as defined in Section VII “Customs and other controls” of the Agreement.

All customs clearance agents / brokers, bonded carriers engaged in customs clearance and transportation of goods in transit, are required to receive the amount for various expenses regarding service charges, freight etc. in foreign currency.

Relevant customs agents / brokers, bonded carriers will provide the required details of funds received from overseas in their tax returns, to be submitted to the RBF, the RBF said.

Copyright Business Recorder, 2021


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