July 18, 2025
FBR Imposes Up to Rs. 500,000 Security On Shipping Agents
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FBR Imposes Up to Rs. 500,000 Security On Shipping Agents

Jul 14, 2025

The Federal Board of Revenue (FBR) has directed new freight forwarders to deposit a sum of Rs. 200,000 as a security deposit for operating in one customs station and Rs. 500,000 as a security deposit for operating in more than one customs station, in the shape of Defense Saving Certificates.

The FBR has issued S.R.O.1222 (l)2025 to amend Customs Rules 2001 to issue new rules.

According to the new rules, any person who seeks to obtain licence as freight forwarder shall make an application to the licensing authority on the format as set out  in Form-A along with the specified documents with treasury challan  evidencing payment of Rs. 5000 in favour of the Collector of  Customs, on account of application processing fee, which shall be non refundable.

Upon receipt of the application, the licensing  authority shall issue a license subject to fulfillment of the following conditions:

  1. The applicant fulfills the conditions for the grant of a licence under these Rules.
  2. Deposits a sum of two hundred thousand Rupees as security’ deposit for operating in one customs station and five hundred thousand Rupees as security deposit for operating in more than one customs station, in the shape of Defense Saving Certificates, pledged to the Collector of Customs; and
  3. execute a bond for ensuring good conduct and to follow customs rules and regulations.

The Collector of Customs HQ (Exports-IOCO) shall be responsible to receive applications for processing and maintain records of the freight forwarders.

The licence shall not be transferable or sublet, and no licensee shall bring about a change in the composition of the company, proprietorship or firm. as the case may be; Change of status of firm from proprietorship to partnership to company shall be allowed on submission of partnership deed duly’ attested by notary public on successful passing of interview of test or both by the new proprietor or partner to be conducted by the licensing authority or any officer authorized in this behalf, rules added.

A licensee may authorize not more than three permit holders, per Customs Station, to sign customs documents on his behalf, it added.

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