QUETTA: Collectorate of Customs Preventive, Collectorate of Customs Appraisement and Directorate of Customs I&I (I&I) Quetta adopted a comprehensive strategy to coordinate and joint crackdown on under-invoicing of imported goods.
According to sources, customs officials in the first phase attempted to bring smuggled goods into the tax net through facilitating the traders wherever needed. This policy will help to curb smuggling of several goods such as spices, tiles, dry fruit were brought into the tax net.
Moreover, through the coordinated efforts of Customs Quetta and directorate, mis-declaration has already been curbed. Export of wheat and sugar to Afghanistan in the garb of mis-declaration has also been stopped.
Now, as the phase-II, the authorities have planned a crack-down on under-invoicing.
Chief Collector Gul Rehman is monitoring the entire campaign. Collector Preventive Irfan Javed and his team under the supervision of Deputy Collector Akbar Jan will enhance monitoring on smuggling, while Collector Waheed Marwat already constituted a team under the supervision of Additional Collector Aftab Shah, Assistant Collector Esha Rahim will keep strict check on under-invoicing.
More importantly, Director I&I Muhammad Ismail with his team led by Deputy Director Amjad Rajpar will identify revenue leakages in coordination with Appraisement Collectorate.
The government loses a large amount of revenue in the form of customs duties and export taxes through trade mis invoicing. The economy is deprived of domestic capital that is transferred abroad, which could otherwise be invested domestically. This results in a decline in economic growth due to lack of capital.