Business

FBR proposes restriction over bringing more than one phone from abroad

Published by
Digital Desk

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed new regulations under the baggage scheme, restricting travelers from bringing more than one mobile phone. Any additional phones will be confiscated, the FBR said.

The FBR has drafted an amendment to the Baggage Rules 2006, proposing that the value of “commercial quantity” would be capped at $1,200. Any goods exceeding $1,200 in value will be considered commercial trade items and subject to strict regulations, the draft said.

The FBR clarified that passengers bringing items worth over $1,200 will be unable to clear them without paying applicable duties, taxes, and penalties.

The regulations aim to curb the practice of importing goods for commercial purposes under the guise of personal luggage.

Another amendment proposes changes to the process of handling commercial quantity goods seized by authorities that were earlier released after the payment of duties or fines.

In this regard, FBR stated that commercial quantity goods would be released after the payment of a fine equal to 30 per cent of the value of goods in addition to duties and taxes. “The goods brought in commercial quantity shall not be released on payment of duty, taxes, and redemption fine,” amendments to rule 17 of the Baggage Rules 2006, read.

According to sources, the FBR has sought feedback from stakeholders over the draft amendments and a seven-day window has been provided for suggestions, which ends on Dec 13.

If no significant changes are made within the timeframe, the proposed rules will be implemented through a gazette notification.

Digital Desk

Recent Posts

PTA warns users against sharing unlawful online content

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has issued a warning for mobile phone users against…

10 hours ago

Iranian President lauds Pakistan’s peace efforts during key meetings

ISLAMABAD: Iranian President Dr. Masoud Peshkeskian met President Asif Ali Zardari and Prime Minister Shehbaz…

11 hours ago

Govt approves reduced property tax rates, new income tax slabs for salaried class

ISLAMABAD: The government has approved a reduction in advance tax rates on property buyers and…

12 hours ago

CDF Asim Munir meets Iranian President, discusses regional situation following US-Iran talks

RAWALPINDI: Chief of Army Staff, Field Marshal Syed Asim Munir, met with Iranian President Masoud…

13 hours ago

Solar panels, batteries rates drop amid reduction in petrol price

LAHORE: Following the reduction of petroleum prices, solar panels and batteries witnessed a sharp fall…

13 hours ago

SBP announces two bank holidays

ISLAMABAD: State Bank of Pakistan (SBP) has declared a two-day public holiday for Ashura (9th &…

14 hours ago