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Pakistan Revenue

Tag: mis-declaration

FBR warns stern action against under-invoicing, mis-declaration
Jul 18
Pakistan Customs, Taxation

FBR warns stern action against under-invoicing, mis-declaration

ISLAMABAD: Federal Board of Revenue (FBR) has decided to launch drive against manufacturers and importers indulged in under invoicing and incurring huge revenue losses to national exchequer. FBR chairman Syed Shabbar Zaidi, in a statement, warned such manufacturers and importers to abstain from misdeclaration and under-invoicing. The statement said that the smuggling was the greatest […]

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Customs initiates examining exporters to check under-invoicing, mis-declaration
Jun 14
Pakistan Customs, Taxation

Customs initiates examining exporters to check under-invoicing, mis-declaration

KARACHI: Pakistan Customs has initiated examination of exporters’ profiles to check mis-declaration and under-invoicing for plugging revenue leakages. A statement said on Friday that the chairman of Federal Board of Revenue (FBR) Shabbar Zaidi had directed to identify the extent of mis-invoicing in export declarations in order to ascertain the suspected items or sectors and […]

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