17/03/2018
Customs Warn Traders To Show Correct Data Of Imports From China
UNDER-INVOICING, MISDECLARATION TO CREATE PROBLEM
On Mar 17, 2018
KARACHI: The Clearing Agents in Karachi have alerted all the traders that Pakistan and China customs are going to share data from 1st April 2018. This will allow Pakistan customs to check quantity and price of origin (which will be shown by the shipper on origin). Any under invoicing or misdeclaration will be easily caught. Please avoid any discrepancy in documents so later we may not face problem.
It may be mentioned here that ‘National Courier’ had published a news item on March 11 about Online Verification of Goods being started between Pakistan and China from April 30. Traders from both the countries were advised to provide accurate packing lists of their goods to concerned authorities.
All goods being imported from China will be verified online by custom in China and Pakistan. Therefore, the importers were advised to provide accurate packing list (Quantity, Size, Type etc.) of their goods. It will be sole responsibility of the customer if any kind of discrepancy is found in verification of goods.
It may be mentioned here that last year government of Pakistan had suggested this measure change through various high level meetings with Chinese authorities to end over-invoicing and under-invoicing menace by the traders in Pakistan, due to which actual amounts of import-export were difficult to assess by concerned authorities.
