The Federal Board of Revenue (FBR) has officially issued a draft to amend the International Transshipment Rules. Pakistan plans to transform its local ports into major international transshipment hubs. Consequently, the government will allow the storage, handling, and transfer of international transshipment goods. Facilities will store foreign cargo locally before dispatching it to other destination countries.
These updated regulations will apply universally across multiple transport methods. The new rules cover both sea and air shipments. Specifically, the mandate governs sea vessels and containers alongside airplanes and air cargo.
Security remains a top priority under the new draft. Authorities hold the right to conduct 100% scanning and physical examinations of the cargo. Furthermore, the FBR will impose strict penalties for any cargo theft, misdeclaration, or damage. Shipping lines and airline companies will bear direct responsibility. They must pay the required duty taxes if they commit any violations.
The FBR has granted decisive enforcement powers to regional heads. The Chief Collector holds the authority to stop the movement of any goods if a violation occurs. Currently, the FBR is waiting for suggestions and recommendations on the draft. Finally, the board will issue the conclusive Statutory Regulatory Order (SRO) after reviewing this feedback.
