Complete-procedure -How-to-file-Form-I-In-WeBoc

Complete Procedure How To File Form I In WeBoc

EIF (Electronic Import Form) is a tool utilized by the government to screen the source and surges of foreign remittances and checks the merchandise that are imported in without outside trade through the State Bank of Pakistan. Assigned branches of the commercial banks are approved to issue 'Form I' on application by the shippers.

Electronic linkage of Custom's Computerized System (WeBoc) with the banks for the submission & confirmation of Form "I" is an important initiative of the Pakistan Customs and State Bank of Pakistan. This initiative will help in the prevention of import related cheats and give the immediate interface among Customs and the Form "I" issuing banks.

Let`s See how importer file Form I in WeBoc System.


WeBoc system can be easily accessed through http://www.weboc.gov.pk.
After visiting above mentioned link, the browser will open the following screen asking for log-in credentials of the user.



WeBoc-User-Login

Procedure To Create Online Form I

In order to add the Electronic I-Form in WeBoc click on EIF Management as indicating in below image.



EIF-Management-In-WeBoc


Work-with-EIF-Requests


Now Click on NEW EIF button so, another Form will open.


Click-Add-New-EIF-Button

Fill-Business-Name-and-Business-Address

1) Select Business Name

2) Select Business Address

3) Mode of Import Payment

Followings are options of mode of payment in WeBoc

  • Advance Payment
  • Open Account
  • Registered Contract
  • Letter of Credit

Advance Payment:

1. Before GD submission BDA (Bank Debit Advice) shall be issued against any invoice value of "Form-I"

2. The total invoice value of GD cannot be greater than Form - I value or remaining values of EIF.

3. If GD is cancelled then the value of GD shall not be included in next GD. Or the value of EIF of the GD cancelled will be restored.

4. Declared value will always be considered to compare with EIF value.

5. If EIF is already settled then it cannot be attached with any GD

Open Account:

1. GD Can be submitted against Form-I without the issuance of BDA (Bank Debit Advice) only if the EIF value is greater than zero.

2. Only one GD can be associated with EIF


Registered Contract

1. The total invoice value of GD (Sum of total declared value of items) cannot be greater
than Form - I value or remaining values of EIF

2. If GD is cancelled then the value of GD shall not be included in next GD. Or the value of EIF
of the GD cancelled will be restored.

3. Declared value will always be considered to compare with EIF value.

4. If EIF is already settled then it cannot be attached with any GD

* Note: If  “Contract/Collection“ selected as the mode of payment then enter Advance Payment, Document against Payment, Document against Acceptance in percent (%) which has to be 100% in Total.

Letter of Credit

1. The total invoice value of GD (Sum of total declared value of items) cannot be greater
than Form - I value or remaining values of EIF.

2. If GD is cancelled then the value of GD shall not be included in next GD. Or the value of EIF
of the GD cancelled will be restored.

3. Declared value will always be considered to compare with EIF value.

4. If EIF is already settled then it cannot be attached with any GD.

*Note: If  “Letter of Credit” selected as the mode of payment then enter Advance Payment, Sight, Usuance in percent (%) which has to be 100% in Total.



Fill-Business-Name-and-Business-Address



create-import-form-i-in-weboc

After entering all the required information press Save and then Submit, when an EIF is submitted, the Status is changed to Pending & Request send to your bank for approval.

Once the bank accepts your request the status is changed to Approved.
Next
This is the most recent post.
Previous
Older Post

Post a Comment

Blogger Disqus

Dear Readers, we`re enthusiastic to see your comment, We will try to reply to your queries as soon as possible, Please Keep in mind that all comments are moderated manually by our human analysts, according to our comment policy, and all the links are nofollow. Using Keywords as a part of the name field range is prohibited. Let’s enjoy an individual and suggestive discussion.