How To Start Import Export Business In Pakistan Complete Guide – Import Export Business GuideNovember 11, 2021
Import Export Business Guide: In this video, we share how to start import export business in Pakistan complete guide – import export business guide Subscribe to our channel for more videos.
Today I am going to write an article on “How To Start Import & Export Business in Pakistan”.
First of all, I would like to you thanks to my readers who liked my posts and give the inspiration to write the other article regarding this topic.
Lets coming to the topic, Nowadays export & Import license is no more required to do export &; import Business in Pakistan. Only the following initial documents are required to export:
How To Start Export Business in Pakistan
Get your company ‘s NTN(National Tax Number) Certificate, which is issued by the Income Tax Department on the filing of application form accompanied with one attested copy of NIC.
2) Sales Tax Registration
The commercial exporter is not required to register with Sales Tax Department. But if you pay the sale tax on the goods from a local market it will be better for you to get yourself registered with sales tax department so that you may claim your input tax deducting on your purchases. Once you are registered in sales tax department you will be obliged to the monthly sales tax return irrespective of the fact that you have been involved in any sales tax activity or not.
3) Bank Account
Current Bank Account is required for export proceedings and documents.
4) Chamber Membership
Membership certificate of Chamber of Commerce and Industries or any relevant trade association is required.
5) Documents For Clearing Agent
Once the consignment, to be exported arrives at the port, usually, a clearing agent service are sought. The following documents are required to provide to the clearing agent to clear the consignment.
i) Packing List.
ii) Commercial Invoice.
iii) Letter of Credit (L/C).
iv) Certificate of Origin which is issued by Chamber of Commerce.
v) National Tax Number Certificate.
7) Submission of Export Documents to the bank.
All shipping documents covering goods exported from Pakistan and declared on form „E‟ must be passed through the medium of the bank within 14 days from the date of shipment. The exporter must submit the shipping documents, invoices etc., to the bank.
(Note: Now in Pakistan Form-E Issues Electronically in WeBoc System, Therefore no need to physically submit Form-E )
How To Start Import Business in Pakistan
Get your company ‘s NTN(National Tax Number) Certificate, which is issued by the
Income Tax Department on the filing of application form accompanied with one attested copy of NIC.
2) Bank Account
Current Bank Account is required for import proceedings and documents.
3) Sales Tax Registration
Sales Tax Registration is required to import into Pakistan. For registration, Form ST-1is required to send to the local sales tax registration office via post with acknowledgment due (courier is preferable). The local registration office shall transmit filled up applications to the Central Registration Office based in CBR Islamabad. The previous requirements of furnishing supporting documents have been done away now there is no need to attach any document with the application. The Central Registration having online access to the database of NTN as well as of NADRA shall verify the particulars declared in the application with database. On verification, it shall generate and issue a registration certificate to the applicant directly on his given address.
4) Chamber Membership
Membership certificate of Chamber of Commerce and Industries or any relevant trade association of Pakistan.
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