The FBR (FBR) has suggested major amendments to the export financing plan (EFS) aimed at preventing misuse and promoting tax compliance. The changes, which were provided under SRO204 of 2025 in the 2001 customs bases, include tougher monitoring mechanisms, increased financial guarantees, and a possible withdrawal of EFS benefits for scrap importers of iron and steel.
According to a news report, the amendments will be completed within a week after consultations with stakeholders. The main review includes removing the role of the Engineering Development Council (EDB) in approval of engineering goods and input and output rates, with reference to EDB that will be disposed of within six months.
The new security requirements were proposed to the deputic manufacturers. Companies with annual exports worth $ 20 million or more over the past two years must provide compensation and checks after dating (PDCS).
Those less than $ 20 million will be required to provide PDCS equivalent to their average duty and taxes on the past two years, as well as bank guarantees for any surplus postponements.
Users who have a history of non-compliance-including suspended recitations, violations or criminal procedures-face an immediate suspension of their license. The modifications also provide strict reconciliation requirements and inventory review, as lack of compliance can lead to further suspension.
To tighten control, FBR has enhanced monitoring mechanisms such as import and actual export trackers via WeboC/PSW systems, taking samples in import/export stages to monitor quality, and increase organizational audits. The period of use of input materials is now nine months, with exceptions granted only in special cases. Sellers must be pre -teachers, geographical subject, and approval in the WeboC system before transactions.
FBR has also tightened local sales regulations, as the factory and commodities of the SEA refuse 5 % of the total production, with any excess tax at import rates. The waste claims that exceed the limits will be subject to a higher audit.
The financial penalties for EFS violations were also proposed. Unauthorized removals or extended periods of use will lead to an immediate installation of bank guarantees/PDCS, while delay in reconciliation data will lead to restrictions on the system on more acquisitions.
For operational efficiency, the mosque head (exports and IOCO) must process cases within 60 days, while new arrivals at EFS must provide a quarterly settlement data for the first three years. Organizational gathering enthusiasts will also be responsible for distributing use records and monitoring use records to ensure compliance with the revised rules.
