{"id":73294,"date":"2021-01-08T16:58:35","date_gmt":"2021-01-08T11:58:35","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=73294"},"modified":"2021-01-08T16:58:40","modified_gmt":"2021-01-08T11:58:40","slug":"fbr-notifies-forfeiture-of-property-rules-2021","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-notifies-forfeiture-of-property-rules-2021.html","title":{"rendered":"FBR notifies Forfeiture of Property Rules-2021"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) on Thursday notified Forfeiture of Property Rules, 2021; authorizing customs officials to freeze\/forfeit to the government both movable and immovable properties found to be acquired through smuggling, a news source reported.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/fbr-empowers-officials-monitor-document-builders-developers.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR empowers officials to monitor, document builders\/developers<\/a><\/p>\n\n\n\n<p>The new property forfeiture regulations prohibit the holding of assets acquired through smuggling by any individual in his name or any of his associate. Persons found in possession of such assets will be required to forfeit the said properties to the federal executive under the Customs Act, 1969.<\/p>\n\n\n\n<p>The designated officers will dispose of the forfeited asset(s) following the completion of all legal formalities. In case of movable property, a public auction will be held under Chapter V (Auction) of the Customs Rules, 2001, whereas the disposal of immovable property will be conducted as per Chapter XI (Recovery of Arrears), Part III and Part IV, of the Customs Rules, 2001.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/fbr-launch-dnfbps-web-portal-realtors.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR to launch DNFBPs web portal for realtors, other professionals<\/a><\/p>\n\n\n\n<p>As part of investigation into smuggling offence, the officer concerned will \u2018trace and identify assets for the purpose of forfeiture by the special judge, regarding which suspicion arises of having been acquired by any person through proceeds of smuggling and holds them either directly in his name or indirectly in the name of his relatives or associates\u2019 \u2013 as per the news source.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) on Thursday notified Forfeiture of Property Rules, 2021; authorizing customs officials to freeze\/forfeit to the government both movable and immovable properties found to be acquired through smuggling, a news source reported. Read: FBR empowers officials to monitor, document builders\/developers The new property forfeiture regulations prohibit the holding of assets acquired through smuggling by any individual in his name or any of his associate. Persons found in possession of such assets will be required to forfeit the said properties to the federal executive under the Customs Act, 1969. The designated officers will dispose of the forfeited asset(s) following the completion of all legal formalities. In case of movable property, a public auction will be held under Chapter V (Auction) of the Customs Rules, 2001, whereas the disposal of immovable property will be conducted as per Chapter XI (Recovery of Arrears), Part III and Part IV, of the Customs Rules, 2001. Read: FBR to launch DNFBPs web portal for realtors, other professionals As part of investigation into smuggling offence, the officer concerned will \u2018trace and identify assets for the purpose of forfeiture by the special judge, regarding which suspicion arises of having been acquired by&hellip;<\/p>\n","protected":false},"author":67,"featured_media":61403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015,15017],"tags":[3362,19230,44871],"persona":[],"class_list":{"0":"post-73294","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"category-notices-announcements","9":"tag-fbr","10":"tag-federal-board-of-revenue-fbr","11":"tag-forfeiture-of-property-rules-2021","12":"cat-15015-id","13":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR notifies Forfeiture of Property Rules-2021 - Zameen News<\/title>\n<meta name=\"description\" content=\"FBR has authorized customs officials to freeze\/forfeit to the government both movable and immovable properties found to be acquired through smuggling.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fbr-notifies-forfeiture-of-property-rules-2021.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR notifies Forfeiture of Property Rules-2021 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"FBR has authorized customs officials to freeze\/forfeit to the government both movable and immovable properties found to be acquired through smuggling.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-notifies-forfeiture-of-property-rules-2021.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:author\" content=\"atif_zameen_dev\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-08T11:58:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-01-08T11:58:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Manik Aftab\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Manik Aftab\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FBR notifies Forfeiture of Property Rules-2021 - Zameen News","description":"FBR has authorized customs officials to freeze\/forfeit to the government both movable and immovable properties found to be acquired through smuggling.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/fbr-notifies-forfeiture-of-property-rules-2021.html","og_locale":"en_US","og_type":"article","og_title":"FBR notifies Forfeiture of Property Rules-2021 - Zameen News","og_description":"FBR has authorized customs officials to freeze\/forfeit to the government both movable and immovable properties found to be acquired through smuggling.","og_url":"https:\/\/www.zameen.com\/news\/fbr-notifies-forfeiture-of-property-rules-2021.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_author":"atif_zameen_dev","article_published_time":"2021-01-08T11:58:35+00:00","article_modified_time":"2021-01-08T11:58:40+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg","type":"image\/jpeg"}],"author":"Manik Aftab","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Manik Aftab","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/fbr-notifies-forfeiture-of-property-rules-2021.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/fbr-notifies-forfeiture-of-property-rules-2021.html"},"author":{"name":"Manik Aftab","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/ff469695c0914ef3147ebd56e5d61b7e"},"headline":"FBR notifies Forfeiture of Property Rules-2021","datePublished":"2021-01-08T11:58:35+00:00","dateModified":"2021-01-08T11:58:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-notifies-forfeiture-of-property-rules-2021.html"},"wordCount":234,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-notifies-forfeiture-of-property-rules-2021.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg","keywords":["FBR","Federal Board of Revenue (FBR)","Forfeiture of Property Rules-2021"],"articleSection":["Legal &amp; Taxation","Notices &amp; Announcements"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/fbr-notifies-forfeiture-of-property-rules-2021.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/fbr-notifies-forfeiture-of-property-rules-2021.html","url":"https:\/\/www.zameen.com\/news\/fbr-notifies-forfeiture-of-property-rules-2021.html","name":"FBR notifies Forfeiture of Property Rules-2021 - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-notifies-forfeiture-of-property-rules-2021.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-notifies-forfeiture-of-property-rules-2021.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg","datePublished":"2021-01-08T11:58:35+00:00","dateModified":"2021-01-08T11:58:40+00:00","description":"FBR has authorized customs officials to freeze\/forfeit to the government both movable and immovable properties found to be acquired through smuggling.","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/fbr-notifies-forfeiture-of-property-rules-2021.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/fbr-notifies-forfeiture-of-property-rules-2021.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/fbr-notifies-forfeiture-of-property-rules-2021.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg","width":1170,"height":400,"caption":"FBR"},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/fbr-notifies-forfeiture-of-property-rules-2021.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"FBR notifies Forfeiture of Property Rules-2021"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/ff469695c0914ef3147ebd56e5d61b7e","name":"Manik Aftab","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/182ee2504481c87ee62582d23334157d5fcfb09a5714b3d12ddf1bd824e9907a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/182ee2504481c87ee62582d23334157d5fcfb09a5714b3d12ddf1bd824e9907a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/182ee2504481c87ee62582d23334157d5fcfb09a5714b3d12ddf1bd824e9907a?s=96&d=mm&r=g","caption":"Manik Aftab"},"description":"Manik Aftab is a Content Developer at Zameen.com","sameAs":["atif_zameen_dev"],"url":"https:\/\/www.zameen.com\/news\/author\/manik"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/73294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=73294"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/73294\/revisions"}],"predecessor-version":[{"id":73295,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/73294\/revisions\/73295"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/61403"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=73294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=73294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=73294"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=73294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}