- The Federal Board of Revenue (FBR) has defined fraud under the Customs Act, 1969.
- Fraud includes submitting false documents, providing false information about exporters or importers, misrepresenting goods, incorrect valuation, document alteration, and aiding and abetting fraudulent activities.
- If customs fraud results in unpaid or underpaid duties, taxes, or penalties, the liable party will receive a notice within 180 days.
- Even if the fraud does not involve revenue loss, a show-cause notice will be issued within 180 days.
- The FBR emphasizes the importance of compliance with customs regulations to maintain the integrity of Pakistan’s trade and customs operations.
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
