LAHORE: Point of Sale (PoS)’s introduction and its implementation has proved a land mark decision of the government as it is a first mega step towards the documentation of the economy as it has discouraged smuggling and under invoicing.
This was stated by Pakistan Business Forum president Ijaz Tanveer while talking to Customs Today here the other day.
He said though in the beginning the business community had to face neumrous impediments, however, now it is bearing its fruits and the business community is enjoying it.
“Earlier, we have to face millions of rupees fake invoices on the retailers demands against goods and articles that we never sold. However, this practice is over now and businesses are being streamlined,” Ijaz Tanveer highlighted.
Talking about valuation and under-invoicing , he said that there is no dearth of competent people in the Pakistan Customs. ” Such officials should be tasked to evolve a state-of-the-art strategy for resolving various issue concerning valuation and under-invoicing,”he said, adding that although a lot of work has been done, yet there is need to do more.
While discussing the ways of raiding godowns of businessmen by Customs Investigation and Intelligence and Anti Smuggling Organization, he said that there must be some SOPs.
In the first place Customs people should not be allowed to raid godowns because Godown are managed by the business people, he said, adding that insane people may dump there illegal belongings in godowns.
“Worse is that when Customs people raid the godowns managed by the businessmen, they take away millions of rupees in the name of sampling and never issued any receipt against the goods and articles,” he said, adding that such tactics on the part of the Customs officials always inflicted huge losses to the businessmen.
He said that the top officials should take the notice to save the business community.
Highlighting taxpayers’ services for the country, he said that Taxpayers have been paying and running the country but in exchange they have always been called theives which is an injustice.
There should be special incentives and certificates for the taxpayers so they could feel hounred and be encouraged to contribute more happily.
Shedding light on Pakistani produces’ excellent quality, he said that there is a fire need to work on value addition and branding.
He said that Pakistan can earn huge foreign exchange by venturing into branding and value addition of over production.
India has successfully been branding its ordinary goods and articles and earning important forex reserves, he said, concluding that there is a huge unexplored potential in that area.
