Navigating the Electronic Import Form (EIF) Process in Pakistan: Key Guidelines for Importers and Authorized Dealers
Pakistan Customs oversees the registration and deletion of importers in the WeBOC system, adhering to their prescribed procedures. This systematic approach ensures accurate tracking and regulation of import activities within the country.
2. Importer’s Due Diligence and Responsibility
Authorized Dealers play a crucial role in performing Customer Due Diligence (CDD) and Know Your Customer (KYC) procedures for importers. The responsibility for the import of goods into Pakistan, in compliance with rules and regulations, lies with the management of the importing entity. Authorized Dealers have the discretion to refuse EIF approval for importers with outstanding import bills, highlighting the emphasis on responsible financial management.
3. Adding or Removing Authorized Dealers in WeBOC
Authorized Dealers can request the addition or deletion of their branches in WeBOC through their Group/Business Heads to the Director, Foreign Exchange Operations Department (FEOD), SBP-BSC, Karachi. New banks licensed as Authorized Dealers by the Exchange Policy Department of SBP can similarly request inclusion in WeBOC.
4. User IDs and Passwords for Authorized Dealers
User IDs and passwords for EIF module in WeBOC, crucial for secure transactions, are issued by Pakistan Customs. Authorized Dealers are responsible for maintaining the confidentiality of these credentials and are accountable for any unauthorized use, as per the Customs Act, 1969.
5. Issuance and Management of EIF
The EIF request is submitted electronically by the importer through WeBOC and is subject to approval or rejection by the Authorized Dealer. The approved EIF is then attached to the Goods Declaration (GD) in WeBOC for clearance of goods. The procedure for EIF issuance is detailed in user manuals available online. Additionally, the EIF number is generated automatically in WeBOC and resets annually for each bank.
6. Amendment and Cancellation of EIF
Importers can amend or cancel their EIF request before it is approved or rejected by the Authorized Dealer. Authorized Dealers have the ability to amend details of the approved EIF upon importer’s request with appropriate evidence.
7. Expiry of EIF
An EIF expires automatically if no action is taken within 15 days by the Authorized Dealer. The expiry date should align with related documents like contracts or LCs. In cases of advance payments, the EIF expiry must be within four months unless an extension is approved by SBP.
These guidelines for the EIF process in WeBOC underscore the importance of compliance, diligence, and accurate documentation in the import process in Pakistan. For importers and Authorized Dealers alike, understanding and adhering to these procedures is vital for efficient and lawful international trade operations.