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Electronic “I” Form

The Islamabad Chamber of Commerce & Industry has collaborated with Collector of Customs, Model Customs Collectorate to organize an orientation session for member and importers. This orientation was based on the launch of Electronic “I” Form. Electronic “I” Form or EIF has been created to provide importers facilities in payments of duties and taxes. It will also help in the identification of fake and forged import transactions.

EIF is in the final stages of development. If it will be issued through the WeBOC system then it will become mandatory for all the imports coming to Pakistan. In order to avoid any inconvenience, the registered importers will have to get registered on WeBOC. This will make them have effective trade with Pakistan, ensured through EIF.

The prevailing import system in Pakistan has a lot of fraud chances. These fraud chances can be availed during the entire process. Due to this reason, traders and businessmen had to face the loss of huge sums of money. EIF will make sure that all such kinds of import frauds are avoided to make this system more lucrative for importers.

Often fraud-doers would avail the chance of duplicating payments through banking channels. Customs is unable to find the mode of payment on such a short notice. Now EIF system will take care of all these fraud issues. It would be compulsory now for authorized dealers to fill this from at the time of import payment. It is now hoped that import system in Pakistan would improvise.

 

Afreen is a young writer and visionary towards life predominantly. I believe that writing is similar to life; it inspires surprises and creates. Being a Literature Masters, I am passionate about viewing the world with literary spectacle. Solely in love with this beautiful part of Universe called Pakistan, I am creating words and ideas for CharchaGuru.

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Electronic “I” Form

The Islamabad Chamber of Commerce & Industry has collaborated with Collector of Customs, Model Customs Collectorate to organize an orientation session for member and importers. This orientation wa...