Customs Rules (TIR Rules - Chapter XXIX - TIR Rules)

GOVERNMENT OF PAKISTAN

(REVENUE DIVISION)

FEDERAL BOARD OF REVENUE

*****

Islamabad, the 30th December, 2020.

NOTIFICATION

(CUSTOMS)

S.R.0.14 33 (1)/2020.- In exercise of the powers conferred by section 219 of the Customs

Act, 1969 (IV of 1969), section 50 of the Sales Tax Act, 1990, section 40 of the Federal Excise

Act, 2005 and section 237 of the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal

Board of Revenue is pleased to direct that the following further amendments shall be made in the

Customs Rules, 2001, which, as required under sub-section (3A) of the said section 219, were

previously published vide Notification No.S.R.0 1244(1)/2020, dated the 19th November, 2020,

namely:-

In thc aforesaid Rules,—

(1) in rule 689, in sub-rule (1),-

after clause (ii), the following new clause shall be inserted;

"(iia) "body" means Pakistan National Committee of International

Chamber of Commerce (PNC-ICC Pakistan);";

in clause (xxvi), for the word "encashable guarantee", the

expression "insurance guarantee from at least an "A" rated

insurance company" shall be substituted;

(2) in rule 696, in sub-rule (1),-

in clause (a), for the word "should", the word "shall" shall be

substituted;

for clause (b), the following shall be substituted, namely:-

"(b) have a sound financial standing with certified bank

statements and last audited accounts with filed returns. In

case of a newly formed or converted entity to private

limited, the applicant entity shall provide a certificate of

sound financial standing and bank statement from

recognized scheduled bank, along with a legal undertaking

to provide audited financial statements of three years of

registration, as a limited (ltd.) company, after the

completion of two years. This should also include the

entity's existing tax NTN registration of the entity or its

principal proprietor/applicant;";

(c) in clause (c),-

in sub- clause (i), for the word "five", the word "one" shall

be substituted;

in sub- clause (ii), for the word "ten", the word "five" shall

be substituted;

in sub- clause (iii), for the word "ten", the word "five" shall

be substituted;

for clause (d),the following shall be substituted, namely:-

"(d) to furnish a supplementary financial guarantee to the

Association in the form of insurance guarantee (from an

"A" rated insurance company) as given above in rule 689,

of fifteen million rupees or defence saving certificates of

the equivalent amount in terms of clause (xxvi) of sub-rule

(1) of rule 689 in favour of Director, Directorate of Transit

Trade, Pakistan Customs, Karachi;";

in clause (h), after the word, "active", the word "registered" shall

be inserted;

in clause (i), after the word "system", the expression "WeBOC"

shall be inserted;

in clause (j), for the word "should" the word "shall" shall be

substituted;

for clause (k), the following shall be substituted, namely:-

"(k) shall submit attested copies of valid registration and vehicle

fitness certificate issued by designated standard inspection

facilities for validation by National Highways and

Motorways Police;";

in rule 697, in sub- rule (3), for the words "to the national authorization

committee and update the Customs Computerized System accordingly",

the expression "with the approval of national authorization committee

and update the Customs Computerized System accordingly;" shall be

substituted; and

in rule 710, in sub- rule (2), for the word "two years", the word "three

months" shall be substituted.

[File No](22)T&BT/2015]

( Waji h)

Secretary (Law & Procedure)