The Ministry of Commerce officially announced the new Import Policy Order, 2022 and Export Policy Order, 2022 yesterday.
A tax expert told ProPakistani that the same had been published in the Trade Information Portal of Pakistan with individual links for the Import Policy Order, 2022 and the Export Policy Order, 2022.
The ministry has issued SRO 544(I)2022 to exercise its powers conferred in sub-section (l) of section 3 of the Imports and Exports (Control) Act, 1950 to declare the Export Policy Order, 2022. In this regard, SRO 545(I)2022 has been issued to notify those concerned of the new Import Policy Order, 2022.
Under the new Export Policy Order, the Ministry of Commerce has updated the amendments and changes made during the last federal budget (2021-22). It has also revised Schedule-I of the Export Policy Order, 2022 to allow the export of the goods specified in the schedule.
The order allows for the exports of specified items to Afghanistan and through Afghanistan to the Central Asian Republics. The export of the following goods will be allowed against Pakistani currency on the filing of regular shipping bills without the requirement of e-forms. These include fruits, nuts, vegetables, and other edible parts of plants; dairy products; rice; fish and fish products; poultry; meat and meat products; sugar, confectionery, and bakery products; oilcake and other solid residues; vegetable materials and vegetable waste; salt; cement;  pharmaceuticals; matches; textile and textile articles; building stone; and surgical instruments.
The Export Policy Order, 2022 has also repealed the Export Policy Order, 2020. As per the new Import Policy Order, the Ministry of Commerce has specified that the import of all goods may be allowed from worldwide sources unless the order specifies that they are banned, prohibited, or restricted, provided that the periodic amendments brought via this order will not be applicable to the imports where the bill of lading or irrevocable letters of credit were issued or established prior to the issuance of the amending order.
The export houses, export-oriented units, manufacturing bonds, and exporters operating under Manufacturing in Bonds, Common Bonded warehouses, Duty and Tax Remission for Exports (DTRE) of the Customs Rules, 2001, and the temporary importation scheme governed through Notification No. SRO 492(l)l2009 will be allowed to import the items that are actually required for the production of export items, except the items mentioned in Appendices A and C.
The manufacturer-cum-exporter operating under the aforementioned schemes will be allowed to import input items from Appendix-B, subject to the fulfillment of the conditions mentioned therein that are actually required for the production of export items. However, Customs authorities will ensure that all the conditions, including those mentioned in the above-mentioned Customs Rules and notifications, are duly complied with.
Under the Import Policy Order, 2022, the Ministry of Commerce has issued a list of pre-shipment inspection agencies; the procedure for the import of vehicles under personal baggage, transfer of residence, and gift scheme; and a list of items that cannot be importable from India.
