Introduction
Pakistan Customs is the guardian
of Pakistan borders against movement
of contra band goods and is facilitator
of bona fide trade . It provides
a major source of revenue to the
Government of Pakistan in the
form of taxes levied on the goods
traded across the borders. It
also helps to protect the domestic
industry, discourage consumptions
of luxury goods and stimulate
development in the under -developed
areas.
Import
Process
Two main documents of the import
process are Import General Manifest
(IGM) and Bill of Entry (BOE).
An IGM is generated by the carrier
(or his agent) bringing the
imported goods in to the country.
Whereas , the BOE is prepared
by the importer or his agent
in accordance with the import
documents. The goods are then
examined and assessed to value
by the customs authorities .
After payment of customs duty
and other taxes leviable at
import stage the goods are cleared
for home consumption . Removal
of goods to bonded ware - houses
, provisional release of goods
against bank guarantees , transshipment
of imported goods to up country
dry ports and auction of goods
not cleared within a stipulated
period of time are also part
of import process.
Export
Process
Two main document of the export
process are Shipping Bill and
Export General Manifest (EGM)
. The Shipping Bill is prepared
by the exporter or his agent
and presented to the customs
authorities along with goods
to be exported . After examination
and valuation of goods , the
export is allowed by the customs
authorities and rebate is sanctioned
, in due course of time , against
the payment of customs duty
on the imported raw materials
used in the manufacture of such
goods . An EGM is generated
by the carrier (or his agent)
taking the goods out of the
country. >
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