FPCCI demands to regulate container terminals under Custom Act

News Image

By MG News | September 16, 2021 at 01:44 PM GMT+05:00

0:00

September 16, 2021: Mian Nasser Hyatt Maggo, President FPCCI, has welcomed Mr. Wajid Ali, Chief Collector MCC Appraisement & Facilitation (South), to Federation House along with other senior customs officials; namely, Dr. Tahir Qureshi, Collector Customs (West) and Mr. Fayyaz Rasool Maken, Collector Customs (East).

The visit was aimed at detailed discussions on customs-related issues chronically faced by the business, industry and trade community of Pakistan; and, brainstorming for their resolution on a fast-track basis.

FPCCI demands that container terminals should be regulated as per provisions under 203, 14, 14A of the Customs Act; and, best practices as per international standards should be adopted. Container terminals also need to invest in their infrastructure, machinery and capacity building.

Mr. Nasir Khan, VP FPCCI, said that issues of misuse of concessions given to erstwhile FATA & PATA are discouraging other manufacturers. He also emphasized the need to better regulate container terminals to prevent losses to the traders.

Mr. Hanif Lakhany, VP FPCCI, expressed his dissatisfaction that the Classifications Committee in Customs House does not have representation of the apex trade body of Pakistan, i.e, FPCCI.

Mr. Shabbir Mansha Churra, Convener of FPCCI’s Central Standing Committee on Customs, appreciated the online process of FTA Verification and requested the customs officials to further pursue the agenda of reforms and automation in consultation with business community. He also expressed his concerns over the recent hack of FBR’s system and questioned the security of confidential data of the business community.

Mr. Shabbir Mansha Churra said that the business community faces a lot of hardship on account encashment of Pay Orders submitted with customs for Valuation, Section 81 or Miscellaneous disputes; as authorities do not inform the traders before encashment and the refunds take time and efforts unnecessarily.

Participating traders in the meeting also expressed their concerns over delay in manual resolutions of the cases of amendments & refunds; demurrage charges far exceeding contravention reports; lack of uniformity in the disposal of Sections 81, 25A, 25D and excessive adjudication cases.

Last but not the least, FPCCI was promised by Mr. Shaukat Tarin, Federal Finance Minister for Finance & Revenue, that a help desk will be set up at Federation House; and as a result, Help Desk for Sales and Income Tax has been notified.

FPCCI requests customs department to set up a Help Desk for customs-related issues as well at FPCCI Head Office to make timely resolution of customs disputes a reality.

Press Release

Related News

Name Price/Vol %Chg/NChg
KSE100 130,344.03
345.79M
1.67%
2144.61
ALLSHR 81,023.99
1,021.87M
1.55%
1236.37
KSE30 39,908.26
141.62M
2.05%
803.27
KMI30 189,535.00
150.29M
1.40%
2619.39
KMIALLSHR 54,783.66
508.76M
1.07%
581.78
BKTi 34,940.73
55.86M
4.37%
1464.05
OGTi 28,296.06
16.02M
1.19%
333.47
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,955.00 108,430.00
105,440.00
2205.00
2.09%
BRENT CRUDE 67.96 68.10
66.94
0.85
1.27%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 109.20 110.00
109.20
1.70
1.58%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.28 66.43
65.23
0.83
1.27%
SUGAR #11 WORLD 15.80 15.97
15.77
0.10
0.64%

Chart of the Day


Latest News
July 02, 2025 at 05:05 PM GMT+05:00

PSX in FY25: From Oof to Boom


July 02, 2025 at 05:01 PM GMT+05:00

Gold price in Pakistan falls Rs600 per tola


July 02, 2025 at 04:35 PM GMT+05:00

Oil gains slightly as market eyes Iran, OPEC+ moves


July 02, 2025 at 04:02 PM GMT+05:00

PSX Closing Bell: Record Breaker


July 02, 2025 at 03:54 PM GMT+05:00

PKR decreases by 19 paisa against USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg