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Articles for tag: backlog, cargo, clear, FBR, importers, Latest, ports, urge

December 21, 2024

News Desk

Importers urge FBR to clear cargo backlog at ports

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) and commercial importers have asked the Federal Board of Revenue (FBR) to resolve the crisis of pending clearances at the ports. Pakistan Chemicals & Dyes Merchants Association (PCDMA) President Salim Valimohammad urged FBR Chairman Rashid Mahmood Langrial to address the delay in customs clearance and take immediate steps to remove the delays, which could cause loss to importers in the form of suppression and detention fees. The PCDMA chairman also asked the FBR chief to monitor the status of imported consignments on a daily basis. “Timely clearance measures should be ensured

August 13, 2024

News Desk

Scrap importers are abusing the export system

Islamabad: Significant abuse of the Export Facilitation Scheme and alleged involvement in money laundering by scrap importers has been revealed, leading the Brass Manufacturing Association (BMA) to recommend that the scheme be cancelled. The Federal Board of Revenue (FBR) has approached the Secretary General of the Brass Manufacturing Association to investigate these allegations, which come as the FBR is considering reducing the value of waste-equivalent inputs in the recycled copper sector. According to sources, the FBR has released a draft of proposed rules for stakeholders’ feedback, but a formal notification is yet to be issued. With these revelations coming to

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