Wednesday, 18 December 2013

Foreign Exchange Remittance Card and Custom Duty Waiver

 Foreign Exchange Remittance Card
 
You can easily apply for FER Card if you have done minimum 2500$ (AED 9.4K or PKR 225K) to Pakistan in a year. Just fill the form available on the website, attach copies of Passport, NIC & receipts of remittance (Sent via banks or money exchanges) and submit at Pakistan embassy or consulate. You can pick the card in a months time.
 
Main Benefits:
Free Urgent Passport Renewal with VIP Lane (No Queue, a friend of mine has availed this in UAE)
Separate counter on airport for immigration
Duty waiver on imported items (LCD, DVD etc) as per following details.
 
Remittance
Duty Waived
$ 2,500.00
PKR 10,000.00
$ 5,000.00
PKR 20,000.00
$ 10,000.00
PKR 30,000.00
$ 25,000.00
PKR 50,000.00
$ 50,000.00
PKR 100,000.00
 
 
Duty Waiver Experience
I took my spare 32” LCD TV to Pakistan and 19,000/- PKR custom duty was waived (No duty was paid) against my FERC card. They do the entry at the last page of your passport that you have availed x amount of duty waiver and y amount is remaining as per your FERC card category. They require photo-copy of your FERC card and passport.
You can call Lahore airport customs desk for any confirmation prior to your travel at +92-42-99240479 They gave me all information and all of this was done without any reference and I was really happy/surprised at this good behavior. Following table can give you information about duty against the LCD/LED sizes.
 
 Good Luck :)