BR100 Decreased By (-0.4%)
BR30 Decreased By (-0.65%)
KSE100 Decreased By (-0.29%)
KSE30 Decreased By (-0.22%)
AGHA 6.56 Decreased By ▼ -0.11 (-1.65%)
BECO 4.40 Increased By ▲ 0.05 (1.15%)
BML 55.89 Decreased By ▼ -0.28 (-0.5%)
BOP 30.05 Decreased By ▼ -0.07 (-0.23%)
CNERGY 12.75 Decreased By ▼ -0.23 (-1.77%)
CSIL 5.21 Decreased By ▼ -0.10 (-1.88%)
FCCL 51.00 Decreased By ▼ -0.65 (-1.26%)
FFL 14.43 Decreased By ▼ -0.06 (-0.41%)
FNEL 1.22 Increased By ▲ 0.01 (0.83%)
KEL 5.97 Decreased By ▼ -0.09 (-1.49%)
KOSM 5.58 Decreased By ▼ -0.26 (-4.45%)
LOTCHEM 26.15 Decreased By ▼ -0.02 (-0.08%)
MLCF 90.33 Decreased By ▼ -0.90 (-0.99%)
NBP 161.45 Decreased By ▼ -2.74 (-1.67%)
NCPL 52.55 Decreased By ▼ -0.63 (-1.18%)
NPL 57.98 Decreased By ▼ -1.14 (-1.93%)
OGDC 315.40 Increased By ▲ 2.01 (0.64%)
PACE 9.70 Decreased By ▼ -0.07 (-0.72%)
PAEL 34.73 Decreased By ▼ -0.51 (-1.45%)
PIBTL 14.23 Decreased By ▼ -0.48 (-3.26%)
PPL 221.00 Decreased By ▼ -0.36 (-0.16%)
PRL 90.89 Decreased By ▼ -0.33 (-0.36%)
PTC 59.25 Increased By ▲ 0.06 (0.1%)
SSGC 23.39 Increased By ▲ 0.09 (0.39%)
TBL 8.65 Decreased By ▼ -0.10 (-1.14%)
TELE 7.40 Decreased By ▼ -0.21 (-2.76%)
TPL 21.00 Decreased By ▼ -1.03 (-4.68%)
TPLP 12.02 Decreased By ▼ -0.54 (-4.3%)
TREET 21.33 Decreased By ▼ -0.40 (-1.84%)
TRG 54.35 Decreased By ▼ -1.44 (-2.58%)

ISLAMABAD: The Federal Board of Revenue (FBR) has established Office of the Director General (Special Initiatives-Customs) to identify loopholes in revenue collection mechanism and eliminate misdeclaration, under invoicing/misinvoicing and smuggling.

In this regard, the FBR has issued a notification.

The FBR’s notification revealed that the Competent Authority (FBR) has approved establishment of Office of the Director General (Special Initiatives — Customs) and two Directors (Special Initiatives-Customs) in FBR (HQ), to coordinate with the field formations to identify loopholes in revenue collection mechanism (if any), discuss measures regarding prevention of misdeclaration as well as under invoicing/mis-invoicing and further streamline the efforts to curb the smuggling phenomena.

Faceless customs system: Rs84bn collected in duties during Feb

These efforts will not only be helpful to remove multiple complex professional bottlenecks but also set-aside many unnecessary obstructions in tax collection efforts causing significant revenue loss to the national exchequer. The Director General (Special Initiatives-Customs) will also coordinate with other Ministries/Divisions/Departments regarding Customs related matters, if required so.

Salient features/functions for the office of the Director General/Directors (Special Initiatives — Customs) are as under: -

Director General/Directors (Special Initiative-Customs) will make coordination and maintain information exchange mechanism with the field formations, other Ministries/Divisions/Departments, and Provincial Authorities regarding Custom matters as assigned by the Board.

Director General/Directors (Special Initiative-Customs) will identify and examine loop holes in revenue collection system (if any) and propose remedial measures so that these loopholes may be plugged in effectively.

Director General/Directors (Special Initiative-Customs) will suggest measures to eradicate mis-declaration and under-invoicing attempts.

Director General/Directors (Special Initiative-Customs) will advise/help Customs Academy Pakistan to design special courses/workshops to create awareness among the Customs officers/officials regarding mis-declaration and under invoicing regime, the FBR notification added.

Copyright Business Recorder, 2025

Comments

Comments are closed for this article.