Karachi, October 22, 2023 – Pakistan Customs has reaffirmed the government’s commitment to addressing the issue of under-invoicing.
KARACHI: Pakistan Customs has launched investigation against officers for allowing clearance of automotive spare parts at lower values. Model Customs Collectorate of Appraisement & Facilitation (West) constituted a committee to ascertain the role of examining and assessment officers in clearance and assessment of spark plug, bearings and parts thereof at lower values without taking into […]
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 […]
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 […]