Islamabad: A proposed amendment to Pakistan’s Customs Rules 2001 has been released by the Federal Board of Revenue (FBR), which would significantly alter the temporary import regulations for cars brought into the nation by tourists.
As long as certain requirements are fulfilled, the modification permits tourists to keep their cars in Pakistan duty-free for a maximum of three months.
Tourists who want to bring their cars into Pakistan are required to make a statement stating that they would not transfer ownership of the vehicle while they are in the nation, per the FBR’s notification.
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The owner of the car must give customs officials an advance bank guarantee if the vehicle is not reexported within the allotted three months.
After obtaining the assurance, the customs collector will have the ability to prolong the vehicle’s stay by three months. Only 14 days temporary stay would be allowed for the same cars returning to Pakistan; vehicles run by foreign tour operators will be granted a second, three-month admission within a year.
Additionally, the FBR has implemented relaxation for unanticipated circumstances. The automobile may stay in the nation for a maximum of six months in the event that an importer becomes unwell or the vehicle is involved in an accident. In this scenario, the traveler will be required to provide the customs collector with a new bank guarantee.
The tourist will be forced to turn over the car to Customs if they are unable to produce the necessary bank guarantee.
Furthermore, importers will be allowed to pay the relevant customs charge for a prolonged stay in order to receive a permission from the Ministry of Commerce.
In order to give tourists flexibility while maintaining appropriate regulatory monitoring, the FBR has requested suggestions and input from interested parties regarding the proposed revisions.