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Business Recorder
12-07-2025
- Business
- Business Recorder
Freight forwarders asked to deposit security in shape of DSCs
ISLAMABAD: The Federal Board of Revenue (FBR) has directed new freight forwarders to deposit a sum of Rs 200,000 as security deposit for operating in one customs station and Rs 500,000 as security deposit for operating in more than one customs station, in the shape of Defence Saving Certificates (DSCs). The FBR has issued SRO 1222 (l)2025 to amend Customs Rules 2001 to issue new rules. According to the new rules, any person who seeks to obtain licence as freight forwarder shall make an application to the licensing authority on the format as set out in Form-A along with the specified documents with treasury challan evidencing payment of Rs 5,000 in favour of the Collector of Customs, on account of application processing fee, which shall be non-refundable. FBR issues licensing procedure for aspiring freight forwarders Upon receipt of application, the licencing authority, shall issue licence subject to fulfilment of the following conditions: (a) The applicant fulfills the conditions for grant of licence under these Rules. (b) Deposits a sum of two hundred thousand Rupees as security' deposit for operating in one customs station and five hundred thousand Rupees as security deposit for operating in more than one customs station, in the shape of Defence Saving Certificates, pledged to the Collector of Customs; and (c) execute a bond for ensuring good conduct and to follow customs rules and regulations. Copyright Business Recorder, 2025
Business Recorder
17-05-2025
- Business
- Business Recorder
FBR issues licensing procedure for aspiring freight forwarders
ISLAMABAD: The Federal Board of Revenue (FBR) has laid down strict procedure for persons intended to obtain licences to operate as freight forwarders. The FBR has issued an SRO 814(I)/2025 on Friday to notify draft amendments in the Customs Rules 2001. According to the proposed amendments, upon receipt of application, the licensing authority shall issue license subject to fulfilment of the following specified conditions. The freight forwarder shall deposit a sum of Rs 200,000 as security deposit for operating in one customs station and Rs500,000 as security deposit for operating in more than one customs station, in the shape of Defence Saving Certificates, pledged to the Collector of Customs. He shall execute a bond for ensuring good conduct and to follow customs rules and regulations. The licensee shall apply to the licensing authority as set out in form-C for the grant of Customs permit to such clerks as he/she employs for transacting business at the customs station such as custom house, seaport, airport, rail station or land customs station. A licensee (freight forwarder) shall act as an intermediary between the cargo owner and the earner and exercise due diligence and take reasonable measures in the performance of freight forwarding services. He shall arrange inland transportation of goods, maintaining effective communication with the exporter/transport companies so as to ensure that the goods are timely delivered to the port/airport and manage multimodal transportation in a situation where the goods are required to be delivered to the destination through sea, land and/or air route, simultaneously. A licensee will conduct negotiation of freight rates on exporter/importer with the carriers. He will also arranging storage and warehousing facility for the goods as and when required by the exporter/importer; (h) prepare and process documents related to all shipment activities, including issuing their own house bill of lading/airway bill, new rules added. Copyright Business Recorder, 2025
