VATupdate

Share this post on

FBR Notifies Amendments to Customs Rules 2001 Regarding EFS and Input Goods Utilization

  • Amendments made to the Customs Rules, 2001, affecting rules 877, 878, 879, 883, and 892.
  • Rule 878 now allows duty-free import of input goods already utilized and exported, with conditions on value and approval.
  • Orders by the regulatory collector are now appealable to the Chief Collector within thirty days.
  • Utilization period in rule 883 extended from nine to eighteen months, with further extension changed from nine to six months.
  • EFS users must submit a six-monthly reconciliation statement detailing input and output goods, value addition, wastages, and their disposal.

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.



Sponsors:

VAT IT
Pincvision

Advertisements:

  • Pincvision