Pakistan Customs with the help of State Bank of Pakistan (SBP) has initiated a project to automate the process of issuing Form-E to further support the exporters who are bringing foreign exchange in Pakistan.
The new computerised system will reduce cost of doing business for exporters and will bring efficiency in the system. This Form E system will also facilitate in efficient processing of duty drawback claims of the exporters as well as preventing any fake and bogus documentation.
In this regard, an Electronic Form-E (EFE) module has been developed in consultation with relevant stakeholders and incorporated in the Pakistan Customs’ electronic system called Web based One Customs (WeBOC).
At present, most of the exports are processed through WeBOC but a small percentage of the export cargo are being exported through the ‘One Customs’ system. Efforts are underway to expand the scope of the EFE module to export of such goods as well. Currently, Form-E is issued manually by Authorized Dealers (Banks), the officials said.
After electronic approval of Form-E by the authorised dealer, the exporter will attach EFE in WeBOC with Goods Declaration (GD) Form to carry out export of goods for which Form-E has been approved. The serial number of EFE for each authorised dealer will be generated by WeBOC, the customs officials said.
