KARACHI: The Model Customs Collectorate (MCC) of Appraisement-East R&D (Research & Development) surpassed the revenue target by Rs 23.302 million in October.
The additional revenue came from detection and recovery made by the R&D arm of the Collectorate in 26 cases of GDs (Good Declarations) from various consignments imported by 22 importers.
The nature of detections included non-application of Valuation Ruling, mis-declaration of PCT/Value, mis-declaration of value, misuse of SRO 59/2007, misuse of SRO 1125, currency incorrectly declared in Singapore dollar instead of U.S. dollar, mis-declaration of description and mis-declaration of classification.
The biggest R&D recovery during October was of Rs 3.77 million followed by Rs 3.75 million from the same importer on two consignments. The smallest recovery made was of Rs 24,749 for mis-declaration of value.