ISLAMABAD: The Federal Board of Revenue (FBR) has placed strict checks on the import of duties and taxes free vehicles imported by the companies operating in Gwadar Zone. The FBR on Tuesday issued regulatory mechanism “Import of Vehicles by Gwadar Zone and Free Zone Area Concession Holder and its Operating Companies Rules, 2024”. The FBR has declared that at the time of import, the importer shall furnish to the Collector of Customs on the set format an undertaking to abide by the conditions as laid down in the PCT Code 9917 (3) (iii) of Pakistan Customs Tariff and rules made there under failing which they shall be liable to pay the duty and taxes as leviable on each vehicle at the time of import and any other penalties that may be imposed in accordance with the law. The clearance of vehicles shall strictly be handled by the Collectorate of Customs, Gwadar in order to properly monitor such imports and to ensure centralization of record/data. However, if import is made from any other port, the same shall be processed through Transshipment Permit (TP) for destination Port Gwadar for clearance at Gwadar Collectorate. The eligible importer shall furnish to the Authority or any other officer authorised by it in this behalf details of vehicles intended to be imported for the sole purpose of construction, development and operations of Gwadar Port and Free Zone Area, and the Authority or the officer authorized by it, as the case may be, shall ascertain actual requirement of such importer based on the nature of activities of the importer strictly in accordance with the scope as defined under PCT Code 9917(3) (iii) of Pakistan Customs Tariff The Authority…