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FBR declares provision of PT evidence mandatory for importers during clearance procedure

FBR declares provision of PT evidence mandatory for importers during clearance procedure

ISLAMABAD:  Federal Board of Revenue (FBR) made it mandatory for the importers to provide Payment Transaction (PT) evidence during clearing of consignments, it is learnt here.

Official sources told Customs Today that FBR has directed all field formations to stringent the monitoring of clearance of consignments on dry ports and airports across the country in order to curb money laundering, smuggling and discourage the hawala/hundi, sources confirmed.

Sources further added that on the direction of FBR, the customs officials have implemented the strategy and directed all the importers to provide Payment Transaction evidences and also Electronic Import Form for the clearance of their consignments on ports.

Sources said that it is a strategy to monitor that how much payments have been done for the import of goods and also to which country. Without providing Electronic Import Form and Payment Transaction evidence importer will not able to get clear his consignments on the ports, sources confirmed.

It is also important to mention here that State Bank of Pakistan has already made it mandatory for the exporters to provide export form during export of goods.