FBR Proposes Mandatory Physical Inspection for Customs Auctions

The Federal Board of Revenue (FBR) has proposed a new rule requiring bidders to physically inspect goods before participating in Customs auctions or re-bidding. This move, outlined in draft S.R.O. 1277(I)/2026, aims to boost transparency and minimize post-auction disputes. Under the proposed amendment, auctioneers must ensure goods are available for inspection at least three days prior to the scheduled auction date. This administrative change is unlikely to have a direct, immediate impact on gold, silver, or USD/PKR rates in Pakistan.

بحوالہ / Source: www.brecorder.com