Islamabad September 21 2022: Federal Bureau of Revenue to amend rules for declaration of currency for inbound and outbound passengers, according to the notification issued.
In case of accompanied baggage, the outbound passenger who is in possession of foreign currency exceeding US $ 5,000 or equivalent, any other prohibited or restricted item or any other item requiring declaration before Customs, shall file a declaration in the Form before or on departure, electronically in the WeBOC or manually at the airport.
Similarly, the incoming passenger who is in possession of foreign currency exceeding US $ 10,000 or equivalent, any other prohibited or restricted item or any other item requiring declaration before Customs
The above mentioned changes are for further amendments in the Baggage Rules, 2006, which the Federal Board of Revenue proposes to make in exercise of the powers conferred by section 219 of the Customs Act, 1969 (IV of 1969), is hereby published for information of all persons likely to be affected thereby and, as required under sub-section (3A) of section 219 of the Customs Act, 1969 (IV of 1969).
The notice is hereby given that objections or suggestions thereon, if any, may for consideration of the Board be sent within seven days of publication of the draft amendments in the official Gazette. Objections or suggestions received from any person, before the expiry of the aforesaid period, shall be taken into consideration by the Federal Board of Revenue.
