ByThe Federal Board of Revenue (FBR) has implemented stricter regulations for Iranian transport operators transporting goods through Pakistan. In a recent notification S.R.O. 1913(I)/2024, the FBR has mandated that Iranian carriers must now submit bank guarantees to cover potential customs duties and taxes on goods meant for transshipment from Taftan to NLC Dry Port, Quetta.
This move aims to ensure that Iranian carriers comply with Pakistani customs regulations and prevent any misuse of the transshipment facility. The bank guarantee will serve as a security measure to guarantee the payment of applicable duties and taxes.
The FBR’s decision is based on Article 7 of the Agreement on Bilateral Road Transportation of Goods between Pakistan and Iran. By implementing this measure, the FBR aims to streamline customs procedures, prevent revenue loss, and maintain effective border control.
