Customs rejects under-invoicing claims

Customs rejects under-invoicing claims

Discrepancies in mirror trade data cannot, in isolation, be treated as conclusive evidence of under-invoicing and require proper reconciliation and verification, Pakistan Customs said on Tuesday, responding to media reports on alleged import fraud and under-invoicing of goods from China. It said discrepancies in bilateral trade data reported by Pakistan and China to the International Trade Centre (ITC) had been extensively examined. Such compari…