Quantcast
Tuesday , December 19 2017
Breaking News
Home / Islamabad / FBR makes mandatory for terminal operators to require storage area
FBR makes mandatory for terminal operators to require storage area

FBR makes mandatory for terminal operators to require storage area

ISLAMABAD: Federal Board of Revenue (FBR) has made it mandatory for terminal operators to require a specific area for storage of auctionable goods.

The FBR amended Customs Rules 2001 to make this direction mandatory. According to amended Customs Rules, 2001 the terminal operator/off-dock terminal shall earmark a dedicated area for storage of un-cleared / abandoned cargo to be put to auction.

All such cargo / containers shall be shifted to such dedicated area after the stipulated period in terms of section 82 of the Act.

In case the cargo/containers is to be shifted to such dedicated area, beyond the secure environment defined in terms of Rule 554, the Terminal Operator or off-dock terminal, shall get such location approved by the collector of Customs who may prescribe minimum conditions or requirements, including such securities and/or infrastructural requirements prior to allowing shifting of cargo.

It further said that movement of cargo between the terminal/off-dock terminal and such secure area shall be through inter-port movement.