The clarification statement has been given by Ministry of Commerce about the ban on the imported items. Under SRO598 (1) 2022, the ban shall not apply to raw material, intermediate goods and industrial equipment/machinery required by manufacturing/industrial concerns and foreign grant-in-aid projects. To completely justify this, the Commerce Ministry has issued an office memorandum regarding SRO598 (1) 2022 dated 19 May 2022. Moreover, the import of certain luxury and non-essential items has been prohibited. The Federal Board of Revenue (FBR) has directed its field formations to implement the clarification issued by the Commerce Ministry regarding SRO.598(I)/2022.
Menu
