Federal budget proposes harsh penalties for persons involved in smuggling

KARACHI: In order to eliminate smuggling, the government has proposed harsh punishments for persons involved in smuggling goods in or out of Pakistan.

If the value of the smuggled goods is from Rs150,001 to Rs3,000,000 (both inclusive); such goods shall be liable to confiscation and any person concerned in the offence shall be liable to a penalty not exceeding the value of the goods; and upon conviction by a Special Judge he shall further be liable to imprisonment for a term not exceeding two years.

if the value of the goods is from PKR 3,000,001 to 5,000,000 (both inclusive); such goods shall be liable to confiscation and any person concerned in the offence shall be liable to a penalty not exceeding two times the value of the goods; and upon conviction by a Special Judge he shall further be liable to imprisonment for a term not exceeding three years: Provided that the sentence of the imprisonment shall not be less than two years.

If the value of the smuggled goods is from PKR 5,000,001 to 7,500,000 (both inclusive); such goods shall be liable to confiscation and any person concerned in the offence shall be liable to a penalty not exceeding three times the value of the goods; and upon conviction by a Special Judge he shall further be liable to imprisonment for a term not exceeding five years: Provided that the sentence of the imprisonment shall not be less than two and half years.

If the value of the smuggled goods is from PKR 7,500,001 to 10,000,000 (both inclusive); such goods shall be liable to confiscation and any person concerned in the offence shall be liable to a penalty not exceeding four times the value of the goods; and upon conviction by a Special Judge he shall further be liable to imprisonment for a term not exceeding ten years: Provided that the sentence of the imprisonment shall not be less than three years.

if the value of the goods exceeds PKR 10,000,000; such goods shall be liable to confiscation and any person concerned in the offence shall be liable to a penalty not exceeding five times the value of the goods; and upon conviction by a Special Judge he shall further be liable to imprisonment for a term not exceeding fourteen years: Provided that the sentence of the imprisonment shall not be less than five years and the whole or any part of his moveable and immoveable assets and property shall also be liable to forfeiture in accordance with section 187 of the Customs Act, 1969.

In the case of such goods as may be notified by the Federal Government in the official Gazette, the sentence of imprisonment shall not be less than five years and the whole or any part of his property shall also be liable to forfeiture.

Moreover, the government has also proposed several measures to discipline Federal Board of Revenue (FBR) officers and officials.

Bookmark the permalink.

Comments are closed.

  • RSS Newsnreleases

    • Nokia and EDC partner to advance Canada’s 5G contributions 26-Jul-2021
      OTTAWA: Nokia and Export Development Canada (EDC) today announced an expanded global partnership aimed at investments in 5G and the... Continue reading The post Nokia and EDC partner to advance Canada’s 5G contributions appeared first on NewsnReleases.
    • ITV buys minority stake in Live Tech Games 26-Jul-2021
      LONDON, UK: ITV Plc has agreed to invest £2.5 million in cash for a minority shareholding in Live Tech Games... Continue reading The post ITV buys minority stake in Live Tech Games appeared first on NewsnReleases.
    • Aon and Willis Towers Watson mutually agree to terminate combination agreement 26-Jul-2021
      DUBLIN, IRELAND: Aon plc and Willis Towers Watson announced that the firms have agreed to terminate their business combination agreement... Continue reading The post Aon and Willis Towers Watson mutually agree to terminate combination agreement appeared first on NewsnReleases.
    • S-Ventures acquires Pulsin Limited in a £7.5 million deal 26-Jul-2021
      LONDON, UK: S-Ventures PLC has acquired 100% of the share capital of Pulsin Limited, a well-established and highly respected plant-based... Continue reading The post S-Ventures acquires Pulsin Limited in a £7.5 million deal appeared first on NewsnReleases.
    • Artefact to sell controlling stake to Ardian Expansion for EUR 138.84 million 26-Jul-2021
      PARIS, FRANCE: The shareholders of Artefact  entered into exclusive negotiations regarding a potential acquisition by Ardian Expansion of 17.811 million... Continue reading The post Artefact to sell controlling stake to Ardian Expansion for EUR 138.84 million appeared first on NewsnReleases.