Amendment in Customs Rules, 2001

GOVERNMENT OF PAKISTAN (REVENUE DIVISION) FEDERAL BOARD OF REVENUE **** Islamabad, the 20th November, 2024. NOTIFICATION S.R.O. Iq 13 (1)/2024.- In exercise of the powers conferred by section 219 of the Customs Act, 1969 (IV of 1969), section 50 of the Sales Tax Act, 1990, section 40 of the Federal Excise Act, 2005 and section 237 of the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Board of Revenue is pleased to direct that the following further amendments shall be made in the Customs Rules, 2001, which, as required by sub-section (3A) of the said section 219, were previously published vide Notification No. S.R.0.1645(1)/2024, dated the 23 day of October, 2024, namely:- In the aforesaid Rules, in Chapter XIV,- in rule 326, in clause (c), after the word "Trust", occurring for the third time, the expression "Iranian carrier as defined in Article 2 of the Agreement on Bilateral Road Transportation of Goods between the Government of the Islamic Republic of Pakistan and the Government of the Islamic Republic of Iran, 1987" shall be inserted; and in rule 328, after sub-rule (6), the following new sub-rule shall be inserted, namely:- "(6A) In case of transshipment of goods through Iranian carrier from Taftan to NLC Dry Port, Quetta, the Iranian transport operator shall furnish a bank guarantee equivalent to the amount of leviable customs duties and taxes on goods meant for transshipment, as determined by the Collectorate of Customs Appraisement, Taftan, in terms of clause (7) of Article 7 of the Agreement on Bilateral Road Transportation of Goods between the Government of the Islamic Republic of Pakistan and the Government of the Islamic Republic of Iran, 1987.

a The amount of bank guarantee shall be forfeited apart from other consequential penal action under the Act, and the rules made thereunder, if the Iranian carrier misuses the facilities of the transshipment of the imported goods.". [C. No.1(14)T&BT/20131. (Rizwan mo-20\t4 Secretary (Transit & Border Trade)