Assessment alert issued regarding under-invoicing of branded auto parts

KARACHI: Chief Collector Appraisement South Wajid Ali has advised MCC Appraisement West and MCC Appraisement East to be vigilant in the assessment of auto parts particularly Anti-lock Breaking System (ABS) and Electronic Stability Control (ESC) as gross under-invoicing has been detected in the import of these goods.

Scrutiny of branded auto parts has revealed that in certain GDs ABS and ESC, Wabco brand of German origin, has been grossly under-invoiced and assessed on values much lower than the value published on Wabco website.

Chief Collector Wajid Ali has advised that above mentioned GDs and other past clearances of ABS and ESC, Wabco brand of German origin, be re-assessed to recover short realized revenue.

Chief Collector also advised that proceedings under Section 32, 32A and 32C be initiated against the importers involved in under-invoicing and action be taken against delinquent Customs staff.

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