Eliminate requirement of Form ‘E’ & Form ‘I’ for exports and imports respectively
|Requirement of Form “E” & “I” eliminated for import and export consignments
|Before: Importers and Exporters had to obtain Form “E” &”I” for imports and exports from commercial banks for each consignment.
After: After the integration of the commercial banks with Pakistan Single Window (PSW) the requirement of form “E” & “I” has been eliminated altogether.
|All trade businesses
|Federal (Entire Pakistan)
|State Bank of Pakistan and Federal Board of Revenue (Customs)
|Date of Implementation
|In absence of digital integration between commercial banks and Pakistan Single Window (PSW) the traders have to obtain a form “E” & “I” for exports and imports of the goods which caused hassle and delay in the trade of the goods.
|It was felt that the requirement for the import and exports of goods form “E” & ‘I” can be eliminated by linking commercial banks with Pakistan Single Window (PSW) a dedicated trade system of Pakistan Customs which provides a facility to parties involved in trade and transport to lodge standardized information and documents with a single entry point to fulfill all import, export, and transit-related regulatory requirements.
|Accordingly, the commercial banks has been linked with PSW and the requirement of E&I forms has been eliminated.
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