FBR Mandates Forensic Lab Tests for Vehicle Auctions

FBR Mandates Forensic Lab Tests for Vehicle Auctions

| 04-Dec-2024

The Federal Board of Revenue (FBR) has introduced a significant policy change, requiring the Customs Department to conduct forensic laboratory tests through reputable forensic labs before auctioning confiscated vehicles. This move aims to enhance transparency in the auction process and ensure the sale of non-tampered vehicles to buyers.

According to the FBR, the new rule, however, does not apply to un-cleared or overstayed vehicles imported through ports. These categories of vehicles remain exempt from the forensic testing requirement.

This development comes as part of an amendment to the Customs Rules 2001, implemented through SRO 1964(I)/2024, issued by the FBR on November 27, 2024. The amendment reflects FBR commitment to curbing the auction of tampered vehicles, a practice that has raised concerns over the integrity of auctioned assets.

About Us

This website has been developed with good faith to create facilities for the people.Your ID Password and access to our website is for a specific period or temporary, it may be suspended at any time without telling any reason.Your ID Password or access does not create any your rights or liability onto owner of the website.

Contact

Office # 3-6, Ground Floor Idrees Chamber ,Talpur Road Karachi

info@taxhelpline.com

+ 92 314-4062161

021-32462161

+ 92 305-2561915

© 2023 Copyright: Taxhelpline.com