SBP, PC launched EIF module to effectively monitor imports in Pakistan

262
SBP refutes report of $4.9bln remittance flow to India

ISLAMABAD, Sep 6 (APP): In order to effectively monitor
imports in Pakistan, State Bank of Pakistan (SBP) and Pakistan Customs (PC)have successfully has launched and implemented Electronic Import From (EIF) module in WeBOC (Web Based One Custom), the IT system of Pakistan Customs w.e.f. September 1, 2016.

The said module has been developed in consultation with all the relevant stakeholders including the importers, clearing agents, bankers, etc, a statement of the central bank said.

Well before the launch of EIF module, a series of awareness sessions were conducted by a joint team of SBP and PC at leading Chambers of Commerce throughout the country
during the last five months, the statement said.

The SBP statement said that during awareness sessions, it was mentioned at all forums that the importers shall be filing the EIF using their existing IDs in WeBOC which they also
use for filling the Goods Declaration. Thus, no additional formalities on this account are involved.

It is worth mentioning that the Module was widely publicized by SBP and Pakistan Customs through public notices, press release etc in the media.

Further, comprehensive training sessions for Authorized Dealers (ADs) have also been conducted by SBP to train the relevant bank staff of southern, central and northern regions
of the country.

Thus, importers may contact respective branches of ADs or Pakistan Customs’ help desks at various Collectorates around the country.

Similarly, a user manual to guide the importers regarding filing of EIF in WeBOC is also available at the following link: http://www.sbp.org.pk/epd/2016/FEC5.