KARACHI: In order to facilitate the trade and to alleviate the problems of importers due to stuck-up overstayed goods, the Federal Government has issued Notification No. SRO 434(1)2019, whereby waiver/remission of penal surcharge has been allowed on all warehoused consignments, which are cleared during the period starting 8th April 2019 and ending on 13th April 2019.
The warehousing period of all such consignments has also been extended up to 13th April, 2019.
Notably the scheme for waiver of penal surcharge has been introduced after a period of six years. The scheme of waiver of penal surcharge is a special relief measure for the business community as clearance of overstayed goods attracts penal surcharge, which adds to their financial cost.[the_ad id=”31605″]