LawPoint | Digital Law Library | Buy law books online

Law Point PK is your trusted Pakistan law Site to buy Pakistan Law books online, know Online Law Firms in Pakistan, and get latest news on Laws around the world

BEFORE YOU PURCHASE OR SUBSCRIBE

1 Create a new account and log in
2 Review and confirm your order
3 Pay by any listed method

In case of any problem, contact us at support@lawpointpk.com

De minimis Rules for Imported Goods

by LpDev / Sunday, November 15, 2020 / Published in Customs
Post Image

Pakistan Customs have introduced "De minimis Rules for Imported Goods" on 22-10-2020 within the scope of section 19C of the Customs Act, 1969. The Rules are aimed at exempting the goods imported by the public at large either by post or through air courier from the payment of customs duty and taxes, provided the value of such goods does not exceed five thousand rupees. Accordingly, vide Rule 782(a), the term “de minimis value” means the value of goods upto five thousand rupees in terms of section 19C ibid, while “postal goods” means goods cleared in terms of the provisions of the "Landing and Clearing of Parcels Rules" (Chapter XVI of the Customs Rules, 2001), and “courier goods” means air cargo cleared by couriers.

For the purpose of application of the provisions of "De minimis Rules for Imported Goods", the value mentioned on the label of the postal good or the courier receipt is to be considered as the declared value. For conversion of invoice value into Pak Rupees, the postal or courier authorities shall take the official exchange rate of the previous day. The postal or courier authorities will further be required to submit a separate list of the goods along with invoices and other documents, if any, to show that the declared value is upto five thousand rupees within the scope of Rule 366 ibid.

The Customs authorities will scrutinize the list and shall have the right to examine or detain any goods to verify the declared value or compliance to the requirements of any other law applicable thereon.

FORGOT YOUR PASSWORD?

CREATE NEW ACCOUNT

Profile Completion: 0%

    I AGREE TO THE TERMS & CONDITIONS OF THE LAWPOINT WEBSITE

NEED A QUOTE

Get it directly to your inbox

Have a question?

We shall get back to you with answers

TOP