IMEXWAY

Export Trade activities for import and supply of raw materials to export-oriented industries are permitted on the production of bank guarantees to cover import customs duty and other levies on case by case basis.

 

This facility is known as IBG scheme, and governed under the Section 22A of the Customs Ordinance.

 

It also facilitates imports of goods for re-export purposes where no processing is involved.

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Operators are required to apply for this facility on the prescribed form giving particulars required therein.

 

Operators use Good Receive Note (GRN) form for supply of supply of such import goods to final exporters for incorporating them in the export product they process or manufacture for re-export.

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If the applicant is qualified for VAT deferment the security shall cover this amount as well and the same is released or replenished only on the Credit Vouchers issued by the Inland Revenue Department (IRD).

 

Others, who do not have VAT deferment facility from the department of Inland revenue shall pay VAT at the time of clearance of imports.