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FBR to Abolish Customs Duty on Goods Under Rs. 5,000 Imported Through Courier Services

FBR

Any product imported into Pakistan through postal or air courier services with a declared value up to Rs. 5,000 will be exempt from customs duty or any other types of taxes, states the Federal Board of Revenue’s (FBR) draft of the “De-minimis rules for imported goods” through the issuance of S.R.O.886(I)2020 for amendments in the Customs Rules 2001.

This new measure has been taken by the Federal Board of Revenue (FBR) for collecting the duties and taxes on the import of goods by the postal or courier services accurately based on the declared value of the imported items.

FBR has issued a draft of the “De-minimis rules for imported goods” through the issuance of S.R.O.886(I)2020 for amendments in the Customs Rules 2001.

As per the present practice, the postal or courier service providing companies are not bound to make any special list of the imported items having declared value up to Rs. 5,000 as per the label of the imported product. There were no such reporting requirements for the postal and courier companies.

FBR has not issued any such rules for courier companies for examination/assessment of goods having declared value up to Rs 5,000.

The customs officials were also not required to specifically examine or check courier goods having declared value of up to Rs 5,000. The FBR has started documentation of the record of all such items or goods brought into Pakistan by the postal or courier services.

After this, the customs officials will have the authority to stop the clearance of such goods and also increase the value of the imported goods from Rs. 5000 to the upward revised value for increasing the duties and taxes where necessary.

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