Vehicles used in smuggling can no longer be redeemed

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MG News | October 10, 2024 at 10:15 AM GMT+05:00

October 10, 2024 (MLN): All conveyances involved in the transportation of smuggled goods are now subject to immediate confiscation without the option for a redemption fine, as per the government's recent amendment.

This change, part of the government's ongoing anti-smuggling campaign, modifies SRO 499 of 2009 and grants authorities the power to seize any conveyances involved in smuggling activities without the option of paying a fine.

This is a significant shift from the previous regime under this SRO, where offenders had the opportunity to recover seized vehicles by paying a redemption fine.

The new measure closes that loophole, ensuring that the tools used in smuggling operations are permanently removed from circulation.

This amendment, announced earlier this month, is a reflection of the government’s firm resolve to eradicate smuggling, which has long plagued the nation’s economy, depriving it of critical revenue while encouraging the informal market, the Federal Board of Revenue (FBR) said in a statement.

The Chairman FBR has called for immediate action by the Customs officials and law enforcement agencies to enforce this amendment through coordinated efforts and ensure that all conveyances used in smuggling activities, once apprehended, are confiscated, and permanently removed from operations.

With these renewed efforts, Pakistan moves one step closer to securing its economic borders and ensuring that those who contribute to the illicit economy are held accountable. The recent amendment is just one of the many steps being taken to eliminate smuggling and protect the integrity of Pakistan’s economy.

Copyright Mettis Link News

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