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FBR extends warehousing period, waiver off penal surcharge on overstayed warehoused goods.

ISLAMABAD, June 13, 2011 (Balochistan Times): The Federal Board of Revenue (FBR) has provided relief to the business community by extending the warehousing period and waiving off the penal surcharge on overstayed goods, lying uncleared in the Customs Bonded warehouse. The FBR issued a notification no. SRO 595(1)/201 on June 10 whereby penal surcharge on goods not cleared within the prescribed period has been fully waived off. This measure has been taken to facilitate the trade and industry and commercial importers who have not been able to clear their goods in time on payment of duty and taxes, said a statement issued here on Saturday. This facility is for ex-bond clearances to be made for the period from

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Publication:Balochistan Times (Baluchistan Province, Pakistan)
Date:Jun 13, 2011
Words:123
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