Guarantees a must for transporters

Pakistan has made it compulsory for Iranian transporters to provide a bank guarantee equivalent to the customs duties and taxes imposed on goods being delivered to the National Logistics Corporation (NLC) Dry Port Quetta via Taftan. In case of violations, the bank guarantee will be confiscated, and additional legal actions, including fines, will be implemented. The Customs Rules 2001 have been amended to make this bank guarantee mandatory, and Notification No 1913 has been officially issued to enforce the new regulation. These amendments align the Customs Rules with the 1987 Pakistan-Iran bilateral road transportation agreement. Under the revised rules, Iranian vehicles transporting imported goods from Taftan to the NLC Dry Port in Quetta must submit a bank guarantee equivalent to the customs duties and taxes imposed on the goods, as determined by the Collectorate of Customs Appraisement in Taftan. If Iranian transporters misuse the transshipment facility provided for importing goods, the bank guarantee will be confiscated, and penalties and other actions will be imposed as per the law.