FBR notifies composition, jurisdiction and powers of IOCO

KARACHI: the Federal Board of Revenue (FBR) has notified composition, functions, jurisdiction and powers of the Directorate General of Input Output Coefficient Organization (IOCO).

The Directorate General of IOCO shall be headed by a Director General who shall be assisted by as many Directors, Additional Directors, Deputy or Assistant Directors, Audit Officers, Principal Appraisers or Appraisers, Superintendents or Deputy Superintendents, Senior Auditors or Auditors, Inspectors or any other officers with any other designation as may be required and determined by the Board or on recommendation of the Director General and approved by the Board.

The Directorate General of IOCO shall, unless the Board notify otherwise, perform, inter alia, the following functions, namely: (a) determination of duty drawback rates for repayment;  (b) determination of the input-output ratios and wastages in respect of input goods; and (c) determination of quantitative requirements for manufacturers and producers in view of sub-clause (iii) of clause (a) of rule 308 of the Customs Rules, 2001 and issuance of entitlement certificate thereof.

Functions of Director General to be based in Karachi will relate to whole of Pakistan.

Area of territorial jurisdiction of Director, IOCO (Headquarters) include all offices of Directorate General of IOCO and Collectorates of Customs in Pakistan Area of functional jurisdiction include Headquarters (Administration) functions. (b) Assistance in Management of the office of the Director General. (c) Coordination with all concerned. (d) Liaison with PRAL and WeBOC Team. (e) Allocation of any case / assignment to a particular Directorate after approval by the Director General. (f) Liaison with all agencies including ministries assisting in reforming and strengthening IOCO. (g) Any other functional jurisdiction assigned by the Board.

Director, IOCO (North), Islamabad would look after Islamabad Capital Territory and Rawalpindi Division; Khyber Pakhtunkhwa; and Northern Areas/Gilgit — Baltistan.

Director, IOCO (Central), Lahore would look after territorial limits of the Punjab excluding Rawalpindi. Division.

Director, IOCO (South), Karachi would look after territorial limits of Sindh and Balochistan.

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