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Courier companies will file GD in WeBOC system

Courier companies will file GD in WeBOC system

LAHORE: The courier companies will file Goods Declaration (GD) in the WeBOC system on behalf of e-commerce exporters, sources said on Friday.

It is a joint effort with State Bank of Pakistan (SBP), commerce ministry, and e-commerce operators, to formulate a facility that would promote consumer e-Commerce exports, according to a press statement issued by the Federal Board of Revenue.

In this newly developed system commercial banks will be allowed to register these traders in the WeBOC system of Pakistan Customs, the sources said.

Under the SBP regulatory framework for Business to Consumer (B2C) e-Commerce exports, the exporters would be allowed to export consignments worth up to US $5000 without E-form requirement.

B2C e-commerce shipments would be carried through courier companies registered with Pakistan Customs.

Each individual consignment would be identified on the basis of unique HAWB number, the sources added.

Furthermore, the exporters will be required to ensure the realization of payments against their exports within 60 days from the date of shipment. Their payments would be received from abroad by commercial banks.