KARACHI: Directorate General of Intelligence and Investigation-FBR, Karachi region has issued an intelligence alert to all field formations and collectorates to remain vigilant as they had received credible information regarding import of telecommunication equipments by various telecom companies and clearance thereof through mis-declaration of description and PCT, etc.
They have advised the field formations and collectorates to be vigilant and monitor the clearance of consignments of telecom equipments and to ensure submission of material documents(scanned) at the time of filing of GDs for proper classification and assessment to safeguard government’s legitimate revenue.
The Directorate has identified that a number of consignments of telecom network infrastructure equipments imported by reputed telecom companies which were cleared in the garb of networking equipments like LAN bridges, hubs, switches, repeaters, etc, under PCT headings 8517.6970 attracting 1% customs duty instead of actual PCT Heading 8517.6290 attracting 20% of customs duty.
