Businesses and individuals can access essential trade-related details, including general information, compliance requirements, product-specific documentation, tariff rates, duty and tax benefits, approximate tax calculator and preferential tax benefits, through the official hub website.
NBR introduced this system along with the Customs Strategic Plan 2024-2028 and the Authorised Economic Operator (AEO) module within Automated System for Customs Data (ASYCUDA) World, designed to facilitate faster consignment clearance at ports, according to domestic media reports.
Under the AEO system, compliant taxpayers will no longer face interventions from Customs authorities. The imported goods will be directly delivered to their premises from vessels under the self-assessment system.
Tax payments will be made through electronic fund transfers.
NBR had initially launched this system for agricultural products.
Fibre2Fashion News Desk (DS)
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