Goods Exported Without K2

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Goods Exported Without K2
Custom Form No. 2 Delivery
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In Budget 1998, Finance Minister had announced additional facility to exporter, where they are allowed to export goods without forwarding Customs Form No.2. Customs Form No.2 needs only be forwarded during 7 days from release date. Trading Requirements All export goods are eligible to use this facility except:

i)   Goods subjected to withdrawal claim under Section 93 and 99  Customs Act 1967.

ii)   Goods subjected to Customs Act (Prohibiti on on Export) 1998.

Mode of export that is allowed to use this facility is by way  of air or sea.

Export Application 

In the normal procedure, Customs Form No. 2 is used for application and export release. For the facility under this system export application can be done using invoice, shipping note and other supporting documents. Invoice is used to replace export form, whereby shipping note is used as monitoring form on Customs Form No. 2.

3 copies of invoice and shipping note need to be forwarded to Customs. Other supporting documents need to be forwarded as usual.

Each invoice forwarded must state:

For each shipping note forwarded must state:

Invoice and shipping note that follow the above conditions may register.

Exporter Acknowledgement

Exporter has to acknowledge as follows on the invoice:

“I confirm that this pledge is true and complete and claim will forward Customs Form No. 2 on or before…………………………. (7 days from export date)

 

Signature   Company Stamp

……………………    ……………………………..

The acknowledgement needs to be stamped/ printed on the invoice at the appropriate place.