Import Policy Order – 2016: temporary import allowed against indemnity bond

pak_customs

KARACHI: The government has allowed temporary import against submission of indemnity bond or bank guarantee to ensure re-export of the same within specified period.
As per Import Policy Order – 2016, Temporary import-cum-export of goods in respect of the following shall be allowed by the respective Collectors of Customs against submission of indemnity bond or bank guarantee to the satisfaction of custom authorities to ensure re- export of the same within the specified period, namely:-
(a) construction companies or firms or oil and gas companies, oil exploration and production companies, mining companies, their authorized or approved contractors, sub-contractors and service companies, and refineries shall be allowed to import all plant, machinery and equipment including specialized machinery whether new or used except second-hand or used passenger vehicles, trucks, buses and static road rollers of 10-12 tons capacity, 55HP.
Certification of the Chief Executive of a company of the respective sector-endorsing requirement of the contractor, sub-contractor or service companies shall be required:
Provided that permanent retention of all permissible categories of machinery or equipment imported on temporary basis by construction companies shall be allowed by the Federal Board of Revenue subject to payment of all duties and taxes to be assessed by the Customs under relevant laws;
(b) airlines and shipping lines shall be allowed to import items on import cum export basis except those mentioned in Appendix-A, B and C, unless specifically allowed under this Order;
(c) any goods manifested for a country outside Pakistan, which are bonded in Pakistan for re-export to that country;
(d) any good imported and bonded for re-export as ship stores to a country outside Pakistan without requirement of furnishing indemnity bond or bank guarantee;
(e) exhibition materials for fairs and exhibitions officially organized by the Government or Federation of Pakistan Chambers of Commerce and Industry or Chambers of Commerce and Industry shall be allowed to import items except mentioned in Appendix-A, B and C except where specifically allowed under this Order. However, giveaways, sale on payment of leviable duties, donations and wastages etc., shall be allowed:
Provided that Pakistan based associations and individual companies shall also be allowed to import exhibition materials for fairs and exhibitions except those mentioned in Appendix-A, B and C subject to endorsement by Trade Development Authority of Pakistan (TDAP);
(f) any goods except those specified in Appendix A, B and C for demonstration, display, test or trial purpose for a limited period;
(g) second-hand tools and professional equipment imported by scientists, information technology experts, doctors, technicians, engineers etc., either imported in their own name or in the name of the company in Pakistan for which these are imported;
(h) excavation equipment and materials imported by foreign archeological missions;
(i) scientific and educational equipment imported for scientific educational, or cultural seminars in Pakistan on the recommendation of the concerned Ministry;
(j) equipment and materials imported by Pakistani as well as foreign nationals such as journalists, press photographers, members of television teams, broadcasting units, film companies, theater and circus companies, for their professional requirement, subject to endorsement on their passports;
(k) shipping containers for transportation of cargo;
(l) trucks and cargo transport vehicles registered in foreign countries carrying imported cargo through border customs stations: Provided that there is a bilateral or multilateral agreement on reciprocity basis between Pakistan and the foreign country to which those vehicles belong;
(m) import of engineering goods, carpets, sports goods, surgical instruments etc., into Pakistan shall be allowed to the existing industry for the purpose of repairing in Pakistan and subsequent re-export, subject to submission of indemnity bond or bank guarantee to the customs authorities to ensure re-export of the same within the specified period;
(n) Pakistani exporters are allowed to re-import exported goods for the purpose of removing defects by way of repairing during the warranty period provided in the sales contracts against submission of indemnity bond to the satisfaction of the concerned Collector of Customs;
(o) import of goods including means of transport, excluding those mentioned in Appendix-A, B and C, shall be allowed under ATA Carnet (Istanbul Convention 1990) upon furnishing of temporary admission papers (Carnet etc.) as due security.
(p) import of goods (including means of transport) excluding those mentioned in Appendix-A, B and C, shall be allowed under TIR Convention subject to fulfillment of all prescribed conditions; and
(q) mountaineering expeditions shall be allowed to import their equipment and materials on import-cum-export basis. In case, the equipment and material are not re-exported, they may donate such equipment and material to local mountaineering clubs and produce a certificate to the Customs from a mountaineering club to the effect that the equipment and material imported on import-cum-export basis has been donated to that club.

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