All importers and exporters who want to undertake cross-border commercial transactions via the Pakistan Single Window (PSW) initiative must submit proof of identification by enrolling in the PSW system and through an electronic verification procedure.
The Federal Board of Revenue (FBR) has announced that a draught of the PSW Evidence of Identity (EOI) Rules, 2022 would be issued.
The procedure would apply to all users, whether individuals, sole proprietorships, or body corporates registered with the Federal Board of Revenue (FBR) or the Security and Exchange Commission of Pakistan (SECP), government organizations, diplomatic missions, foreign individuals and businesses, or any other commercial or non-commercial entity engaged in cross-border trade, i.e., import, export, and transit, as well as users involved in the pr.
To confirm their credentials, all people intending to perform a cross-border commercial transaction, whether imports, exports, or transit (hence referred to as the ‘applicant’) must through an electronic verification procedure by subscribing to the PSW system.
After providing the system with the necessary information for the verification procedure and paying the membership price, the applicant will be given a unique User ID (UID). On the address registered with FBR, the applicant would get the User-ID provided electronically by the PSW system.
The PSW system would develop and implement an electronic Know Your Customer (KYC) protocol based on system integrations or electronic data interchange with the FBR, SECP, Pakistan Mobile Number Portability Database Company (PMD), National Database & Registration Authority (NADRA), and commercial banks, as required by the regulations, to verify an applicant’s identity.
In the event that submitted information is not verified, the applicant is responsible for updating and changing their information in FBR, SECP, PMD, NADRA, or connected bank systems.
The applicant would be accountable for the accuracy of the information submitted as proof of identification and would under no circumstances assign, sublease, or enable in any other way for another individual to use their credentials to subscribe to the PSW system, according to the statement.
The subscriber’s UID would be valid and active for two years from the date of issuing of the UID.
Upon the expiration of the two-year term, the same would have to be renewed or revalidated. On payment of the required subscription cost, the subscriber or user would have to request such renewal or revalidation one month before to the expiration of the validity term of two years.
Only the UID and password provided to an application will be granted access to the PSW system for performing cross-border commerce transactions. The subscriber would be responsible for the accuracy of the data given, the security of their password, and the safe management of material shared or retrieved.
Failure to use the PSW system with caution, compromising its digital systems, or conspiring with anybody attempting to gain unauthorized access to the PSW may result in action, including the suspension of the UID and fines under the Act and other relevant laws in effect at the time.
Access to the PSW system’s various modules, functionalities, features, and services, whether for the purpose of conducting a trade transaction, accessing trade data, using any PSW digital service or for any other reason, would be limited by the roles and privileges assigned to each UID, as well as the terms and conditions agreed to electronically by the applicants at the time of subscription.
Individuals or entities who have been barred from conducting cross-border trade transactions by a competent authority under any applicable national or international law, legal, quasi-legal or administrative order due to their involvement in smuggling, commercial or customs fraud, identity theft, trade-based money laundering, terrorist financing, terrorism, or any other national or international law, legal, quasi-legal or administrative order would be exempt from the above rule.