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Reduction in duty on contrabands on the cards

Reduction in duty on contrabands on the cards

ISLAMABAD: Federal Board of Revenue has come up with a new strategy to get rid of smuggling into the country.

According to FBR officials, reduction of customs duty on relatively more smuggled items is one major proposal to boost imports through proper channels and contain smuggling activities.

Sources said that the proposal to increase number of customs and security officials on borders has also been put on the table. They further said that after a formal approval of Federal Finance Minister Ishaq Dar the proposals shall be forwarded to Prime Minister so that they become part of the Federal Budget 2014-15.