S.R.O. 101(I)/2020, Islamabad, the 4th February, 2020.

Amendments in the Customs Rules, 2001 GOVERNMENT OF PAKISTAN (REVENUE DIVISION) FEDERAL BOARD OF REVENUE **** Islamabad, the 4th February, 2020. NOTIFICATION (Customs) S.R.O. 101(I)/2020.- In exercise of the powers of the 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 have been previously published vide Notification No. S.R.O. 1641(I)/2019, dated the 17th December, 2019, namely:- In the aforesaid Rules, after Chapter XXX, the following new Chapter XXXI shall be added, namely:- "Chapter XXXI Risk Management System Rules 738. Definitions.- All the terms used in this chapter shall have the same meanings as defined in the Customs Act, 1969 (IV of 1969) and rules made thereunder. 739. Role and responsibilities of the Directorate General of Risk Management (DGRM).- (1) The Directorate General of Risk Management shall be responsible to- (i) manage risk involved in customs clearance of containerized, LCL and bulk cargo including but not limited to transit cargo, international passengers and accompanied and unaccompanied baggage thereof including clearances against carnet-de-passage/TIR; (ii) plan, design and implement strategies by applying accredited risk management tools and techniques specific to each transaction types relating to imports, exports and transit of goods and clearance of international passengers; (iii) monitor, evaluate and review Risk Management System based on changing national and international trends and feedback from stakeholders; (iv) examine clearance patterns of various sectors and commodities to identify, analyze and evaluate risks, develop mitigation strategies and present the same to Risk Management Committee (RMC) for approval and implementation; (v) develop system whereby different stakeholders' compliance levels are determined. Compliant stakeholders are facilitated in the system; (vi) review and address risks identified by the…