FBR extends warehousing period for imported goods
The Federal Board of Revenue (FBR) has extended the warehousing period and waived off surcharge on overstayed goods lying un-cleared in the warehouses.
According to press statement issued Tuesday, the measure has been taken to facilitate the trade and industry and commercial importers who have not been able to clear their goods in time on payment of duty and taxes.
FBR has also issued notification No SRO 404(I)/2009 dated 25.05.2009 whereby penal surcharge on goods not cleared for more than prescribed period has been fully waived off. The facility will remain available until June 30, 2009.