S.R.O. 05(I)/2021, Islamabad, the 4th January, 2021

Amendments in the Customs Rules, 2001 GOVERNMENT OF PAKISTAN (REVENUE DIVISION) FEDERAL BOARD OF REVENUE **** Islamabad, the 4th January, 2021 NOTIFICATION (Customs) S.R.O. 05(I)/2021.- In exercise of the powers conferred by section 219 of the Customs Act, 1969 (IV of 1969), section 50 of the Sales Tax Act, 1990, section 40 of the Federal Excise Act, 2005 and section 237 of the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Board of Revenue is pleased to direct that the following further amendments shall be made in the Customs Rules, 2001, which, as required under sub-section (3A) of the said section 219, were previously published vide Notification No. S.R.O 1243(I)/2020, dated the 19ltl November, 2020, namely:- In the aforesaid Rules, after Chapter XXXVI, the following new Chapter XXXVII shall be added, namely: - "Chapter XXXVII FORFEITURE OF PROPERTY RULES 813. Definitions.- (1) In this Chapter, unless there is anything repugnant in the subject or context,- (a) "administrator" means a person or persons appointed under the Act to manage the affairs and business of the property forfeited under these rules; (b) "assets" means property, both movable and immovable, owned, controlled or belonging to a person convicted on the charges of smuggling, whether directly or indirectly, or in the name of his spouse or relatives or associates inside and outside Pakistan; (c) "associate" in relation to a person, means- (i) any individual who is or has been residing in the residential premises, including out-houses and servant-quarters, of such person; (ii) any individual who is or has been managing the affairs or keeping the accounts of such person; (iii) any association of persons, body of individuals, partnership firms, or private limited company within the meaning of Companies Act, 2017 (XIX of 2017), of which such person is or has been a member, partner or director; (iv) any individual who is or has been a member, partner or director of an association of persons, body of individuals, partnership firm or a private limited company referred to in sub-clause (iii); (v) a trustee of any trust created by such person; or (vi) where the Special Judge, for reasons to be…