AMENDMENTS IN BAGGAGE RULES 2006
INCENTIVES UNDER FOREIGN EXCHANGE REMITTANCE CARD (FERC) SCHEME
The Government of Pakistan has made amendments in Baggage Rules 2006. Now the FERC holder would be able to utilize the duty credit available under rule 5 of the said rules for the unaccompanied baggage including those seven items with fixed duty i.e. television, deep freezer, refrigerator, microwave oven, cooking range, washing machine and air conditioner.
Special Allowances for Foreign Exchange Remittance Card holders
- In addition to the allowances hereinbefore provided, the duty credit as specified in the Table below shall be admissible to a Pakistani national holding Foreign Exchange Remittance Card (FERC) once in a calendar year. The duty credit can also be utilized for the unaccompanied baggage or any purchase from one of the duty free shops. The duty credit under this scheme shall not be utilizable on import of vehicles. Utilization of duty credit shall be endorsed by the customs on the passport of an FERC holder in the form as setout in Appendix-A.
(1) (2) (3) (4)
S.No. TYPE OF FERC AMOUNT REMITTED THROUGH NORMAL BANKING CHANNEL DUTY CREDIT IN PAKISTAN RUPEES
(in US $ or equivalent foreign currency)
1 Silver 2500 or more 10,000
2 Silver Plus 5000 or more 20,000
3 Golden 10,000 or more 30,000
4 Golden Plus 25,000 or more 50,000
5 Platinum 50,000 or more 100,000