Amendment to Customs Rules 2001: Insurance Guarantee for DAP Transit

• The Federal Board of Revenue proposes amendments to the Customs Rules, 2001.
• The amendments concern the clearance of di-ammonium phosphate (DAP) in transit to Afghanistan through Gwadar port.
• The amendments require insurance guarantee as financial security to cover leviable duty and taxes.
• Objections or suggestions on the draft amendments can be sent to the Federal Board of Revenue within three days of publication in the official Gazette.

Source: download1.fbr.gov.pk

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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