Draft Amendments in Customs Rules, 2001 [Chapter V Auction Rules-Rule 58]

Government of Pakistan

Revenue Division

Federal Board of Revenue

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NOTIFICATION

(Customs)

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Islamabad, the 7t March, 2022.

S.R.0.10g (1)/2022.- The following draft of certain further amendments in

the Customs Rules, 2001, which the Federal Board of Revenue proposes to make

in exercise of the powers conferred by section 219 of the Customs Act, 1969 (IV

of 1969), is hereby published for information of all persons likely to be affected

thereby and, as required under sub-section (3A) of section 219 of the Customs

Act, 1969 (IV of 1969), notice is hereby given that objections or suggestions

thereon, if any, may for consideration of the Board be sent within fifteen days of

publication of the draft amendments in the official Gazette. Objections or

suggestions which may be received from any person, before the expiry of the

aforesaid period, shall be taken into consideration by the Federal Board of

Revenue, namely:-

DRAFT AMENDMENTS

In the aforesaid Rules, in rule 58, after sub-rule (2A), for the full stop at

the end, a colon shall be substituted and thereafter the following proviso shall be

added, namely:-

"Provided that if the goods are not disposed of in three consecutive

auctions, the committee shall revise the reserve price of the goods.".

[C. No.16(1)L&P/20201

(Muha a Rizwan)

Secretary (Law & Procedure)