Customs allowed raw material import clearance on 3% Withholding Tax payment

Karachi: Sheikh Shakil Ahmed Dhingra Chairman FPCCI Standing Committee on Liaison with Federal Bureau of Revenue FBR Saturday said Pakistan Customs has allowed clearance of import of raw material by Industrial Importers on payment of 3% Withholding Tax.

The decision to release industrial raw material imported by industrial concerns on payment of 3% WT is on undertaking to the effect that they will provide certificate from RTO/LTU within 15 to 20 days was taken by Member Inland Revenue FBR Shahid Asad & Member Customs Mumtaz Haider Rizvi on representation made by Sheikh Shakil.

In another decision Member Customs instructed Custom officials to allow export of fresh fruits without examination where concerned Association give certificate as per old practice. This decision was taken as it was not being followed by Customs resulting in stuck-up of export of kinnows, etc. for many days. FPCCI thanked for decisions taken by Customs for business community.

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