All
 

 

Just in:  

You are here: Home»Top News»Pakistan Top News»Chairman FBR takes notice of concealing invoices

imageLAHORE: Chairman Federal Board of Revenue Ansar Javed Saturday has taken serious notice of concealing invoices, under invoicing and under assessment of containers carrying imported goods.

FBR sources told APP that DG Audit, Customs Muhammad Ikram Khan pointed out to FBR Chief the serious gross irregularities still being committed at NLC dry port Thokhar Niaz Baig.

DG Audit informed the FBR that packing lists and invoices are not found placed on more than 60 per cent of the total containers carrying imported goods only at one NLC dry port under control of collectorate of Appraisement.

He further disclosed the modus operandi of scam, that importers with the connivance of customs officers, conceal the invoice value and physical description of imported goods which increases the discretion of customs staff and likelihood of under invoicing and under assessment is very high which resulting huge monetary loss to national kitty.

DG disclosed that according to Customs Rule 2001, all imported cargo when entered into customs area for clearance must accompany with a copy of packing list and invoice must also be placed on the inner side of the door of container. He said that according to Para 389 read with Para 391 of Customs Rules, liability of placing such documents vests with the owner of goods and carrier.

He said that the owner of goods and the carrier will explicitly stipulate the requirement of placing documents in the manner prescribed as an obligatory condition, to the person packing or shipping the cargo.

Muhammad Ikram Khan also conveyed other serious observations carrying weight about other gross malpractices at NLC dryport for immediate action to set the things in right direction on merit and transparent examination and inspection of containers.

Large scale irregularities were also committed at NLC during the car amenity scheme in which only a special group of 6 Inspectors, Appraisers and Examiners out of a total of 20 cleared hundred of vehicles at less custom duty than prescribed while remaining customs officers were sidelined without any plausible reason.

Chairman FBR Ansar Javed expressed his utter displease on the abysmal performance of the Zeba Hai Azhar, Collector of Appraisement besides failure to achieve the targets and rampant corruption.

Copyright APP (Associated Press of Pakistan), 2013


 



 
Index Closing Chg%
Arrow DJIA 16,399.67 0.12
Arrow Nasdaq 4,316.07 1.35
Arrow S&P 1,904.01 0.91
Arrow FTSE 6,267.07 0.68
Arrow DAX 8,717.76 1.50
Arrow CAC-40 3,991.24 1.04
Arrow Nikkei 15,111.23 3.98
Arrow H.Seng 23,070.26 0.20
Arrow Sensex 26,429.85 1.23





where to buy

cheap wedding dresses

online - weddingdresstrend.com


Banking Review 2013


Buy new style hair wigs at cheap price on Ishowigs.com

Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln