FBR adopts HS Code 2022

By Published On: December 29, 20221.4 min readViews: 705

FBR adopts HS Code 2022

By Published On: December 29, 20221.4 min readViews: 705
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Federal Board of Revenue (FBR) has adopted harmonized system (HS) – 2022 on the recommendations of the World Customs Organization (WCO).

The FBR on Wednesday issued Customs General Order (CGO) No. 5/2022 regarding application of standard units of quantity in terms of recommendations of the WCO.

Through the CGO, the FBR directed all field formations of Customs to adopt standard unit of quantity / measurement (UoM) expressed in Annex-I.

The units of measurement have been revisited in terms of recommendations of the WCO and international/national trading practices to maintain uniformity and to improve collection, comparison and analysis of trade statistics and facilitation trade, based on the Harmonized System.

The FBR said two columns have been created, one for statistical purposes and the other for assessment purpose to meet these objectives.

It further added that due to adoption of HS-2022 version, certain addition, deletion and new creation of PCT codes have been made in Pakistan Customs Tariff. Therefore, an updated PCT code-wise UOM to accommodate these changes is enclosed as Annex-I to the CGO.

The FBR directed importers/clearing agents/shipping agents and all other concerned to furnish invoices/documents / information in accordance with the new UoMs prescribed by the CGO.

For proper assessment of items internationally traded in any other UoM than the one given in either of the columns in the Annex-I, such UoM shall also be declared, in addition to the units given for the purposes of assessment.

Necessary provision shall be created in Customs Computerized System for this purpose, the FBR added.

“No document including goods declaration (GD) shall be accepted after January 15, 2023, if the information regarding units of quantity declared / shown is not in accordance with this order,” the FBR said.

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Rida Malik

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