Monday 2 March 2015

Customs Revenue Shrinks As Import Of Fresh Items From India Decreases By 70Pc

The import of fresh items like tomatoes, ginger and garlic form India via Wagha border has decreased by 70 percent. Pakistan Customs collects revenue on the import of fresh items, which will now decrease due to the less imports.


An official said that the decline in import of fresh items was due to the season, as the local production will increase during these days, which will be enough for domestic needs.


He added that import of fresh items will increase again in July. He said that less imports will result in less revenue for the Pakistan Customs, as it collects regulatory duty, sales tax and income tax on imported items.


He said almost 15 to 20 trucks carrying fresh items are entering Pakistan from India on a daily basis, while almost 120 trucks used to enter earlier during the routine trade.


Source:customstoday.com.pk





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