QUETTA: MCC Appraisement Quetta, MCC Preventive Quetta and Customs I&I Quetta have planned a well-coordinated and joint crackdown on under-invoicing of imported goods, which has been causing colossal loss to the national exchequer.
Sources said Customs authorities in the first phase attempted to bring smuggled goods into the tax net through facilitating the traders wherever needed. Due to such policy measures smuggling of several goods such as spices, tiles, dry fruit were brought into the tax net.
Moreover, through the coordinated efforts of Quetta collectorates 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 led by Deputy Collector Akbar Jan will tighten grip on smuggling, while on the appraisement side, Collector Waheed Marwat and his team led by 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 misinvoicing. 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.