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FBR updated units of measurements to facilitate legitimate trade

FBR updated units of measurements to facilitate legitimate trade

ISLAMABAD: Federal Board of Revenue (FBR) notified the updated units of measurements through Customs General Order (CGO) 15 of 2019 in a bid to facilitate legitimate trade while eliminating discretion and data distortion in application of units of measurements.

The board had notified standards units of measurements in 2012, however despite the issuance of updated recommendations by the World Customs Organisation (WCO).

An official statement said the customs wing has updated and issued the units of measurements used in import and export documents. The action will help improve consistency, transparency and uniformity in data capturing as per international standards. Moreover, the FBR has guided all field operation collectors to ensure implementation.

WCO recommends the use of standard units of quantity to facilitate collection, comparison and analysis of international statistics, based on the harmonised system of commodity description.

Standardisation and harmonisation of units of quantity also constitute effective measures for standardising and facilitating the transmission of data by means of electronic data interchange.

Updated units of measurements have been notified and will become binding for all field formations of customs as well as importers and exporters.

Subsequently, the announcement said the FBR would not accept documents including Goods Declaration after Sept 30 if the information regarding units of quantity declared were not in accordance with aforementioned CGO.